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vagabundo [1.1K]
3 years ago
11

Bramble Corp. reported the following items for 2016: Income tax expense $62000 Contribution margin 180000 Controllable fixed cos

ts 80000 Interest expense 68000 Total operating assets 40000 How much is controllable margin?
Business
1 answer:
Ivenika [448]3 years ago
4 0

Answer:

controllable margin =  $100,000

Explanation:

given data

Income tax expense =  $62000

Contribution margin =  180000

fixed costs =  80000

Interest expense = 68000

Total operating assets = 40000

to find out

How much is controllable margin

solution

we get here controllable margin that is express as

controllable margin = contribution - controllable fixed cost      ....................1

put here value we get

controllable margin = 180000 - 80000

controllable margin =  $100,000

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Answer:

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Explanation:

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The transfer price should be a minimum of $25 that is equal to variable cost because as per the rule the transfer price between the organization should be equal to variable cost or marginal cost. therefore, the minimum transfer price is $25.

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6 0
3 years ago
A corporation issued 2,500 shares of its no par common stock at a cash price of $11 per share. The entry to record this transact
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Answer:

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          Cash                                                    $27,500

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