1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Dominik [7]
4 years ago
13

International Imports is a merchandising Firm. Last year they reported sales of $674,500 and cost of goods sold of $404,700. The

company's total variable selling and administrative expense was $60,705, and fixed selling and administrative expense was $53,960. The total contribution margin for the firm is:_______. a. $60,705. b. $114,665. c. $404,700. d. $465,405.
Business
1 answer:
dimaraw [331]4 years ago
7 0

Answer:

The total contribution margin for the firm is: $209,095

Explanation:

The contribution margin is calculated by using following formula:

Contribution margin = Total sales – Total variable costs

In International Imports,

Total sales = $674,500

Total variable costs  = cost of goods sold + total variable selling and administrative expense = $404,700 + $60,705 = $465,405

Contribution margin = $674,500  - $465,405 = $209,095

You might be interested in
Schumacher Industries Inc. manufactures recreational vehicles. Schumacher Industries uses a job order cost system. The time tick
labwork [276]

Answer:

Explanation:

Job 11-101=$3,880

Job 11-102= $2,630

Job 11-103= $2,080

Job 11-104= $3,190

Job 11-105= $2,080

Total            13,860

Direct labor rate = $18

Predetermined overhead rate = $22

Direct labor hour = 13,860/18 = 770 hours

Applied factory overhead rate = 770 *22 = $16,940

                                      Factory labor cost

                                       Dr                        Cr

Work in progress        13,860

Factory Overhead       18,000

Wages payable                                          31,860

                                    Factory Overhead

Work in progress        16,940

Factory overhead                                       16,940

7 0
3 years ago
On December 31, 2012, Albacore Company had 300,000 shares of common stock issued and outstanding. Albacore issued a 10% stock di
slamgirl [31]

Answer:

Option (D) 327,000

Explanation:

Data provided in the question:

Shares of common stock issued and outstanding = 300,000

Stock dividend issued = 10%

Shares of common stock reacquired as treasury stock = 12,000

Duration from June 30, 2013 to September 30, 2013 = 3 months

= 0.25 years

Now,

Appropriate number of shares to be used in the basic earnings per share computation for 2013 will be

= [ 300,000 × ( 1 + 0.10 ) ] - [ 12,000 × 0.25 ]

= 330,000 - 3,000

= 327,000

Hence,

Option (D) 327,000

6 0
3 years ago
​________ is defined as the extent to which your authority is accepted on grounds of​ competence, vision, or other qualities. A.
lora16 [44]

Answer:

A. Legitimacy

Explanation:

Legitimacy  is defined as the extent to which your authority is accepted on grounds of​ competence, vision, or other qualities. This term is used mostly in the context of political science, mainly describing the right and acceptance of an authority and mostly deals with systems of governments or regimes where there are established individuals appointed authority.

5 0
3 years ago
Read 2 more answers
Lambert Manufacturing has $120,000 to invest in either Project A or Project B. The following data are available on these project
Angelina_Jolie [31]

Answer:

c. $74,450

Explanation:

The computation of the Net present value is shown below  

= Present value of all yearly cash inflows after applying discount factor + salvage value - initial investment  

where,  

The Initial investment is $120,000

All yearly cash flows would be

= Annual net operating cash inflows × PVIFA for 6 years at 14%  

= $50,000 × 3.8887

= $194,435

Refer to the PVIFA table

Now put these values to the above formula  

So, the value would equal to

= $194,435 - $120,000

= $74,435 approx

6 0
3 years ago
My left shoulder hurts but I'm not sure if its torn or if i should work out today as well (its not soreness)
STALIN [3.7K]
Most likely you've pulled a muscle. The pain will probably go away in the next day or so, if not you should wrap it with a sprain cast in case you sprained it somehow. But definitely do not work out today. That could worsen it and make the pain more severe.

hope this helps!
5 0
3 years ago
Read 2 more answers
Other questions:
  • The __________ is the serous membrane that covers most digestive organs.
    6·2 answers
  • Mardist Corporation has sales of $100,000, variable expenses of $75,000, fixed expenses of $30,000, and a net loss of $5,000. Ho
    13·1 answer
  • In recent times, the top ______ percent of households by income made over $320,000.
    6·1 answer
  • Nick is a recent finance graduate who has two passions: music and finance. Upon graduation, he was offered an opportunity to joi
    9·1 answer
  • Cash Flow from Operating Activities (Indirect Method) The Azuza Company owns no plant assets and had the following income statem
    5·1 answer
  • You were visiting your grandpa and you happened to find $5000 stashed in an old shoe box. he told you that he had been saving th
    7·1 answer
  • Cullumber Company reported the following information for 2020: Sales revenue $2410000 Cost of goods sold 1751000 Operating expen
    13·1 answer
  • Concord Inc. had beginning inventory of $11,900 at cost and $21,000 at retail. Net purchases were $140,679 at cost and $183,000
    9·1 answer
  • Hyper, Inc. is a growing firm that chooses to payout only 20% of its earnings as dividends (thus, it has a plowback ratio of .8)
    14·1 answer
  • In the field of organizational behavior, organizations are described as
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!