B. That is duplicated reach
Answer:
Explanation:
1. What is the company’s contribution margin (CM) ratio?
= sales - variable cost/ sales
= $315,000 - $239,400/$315,000
= $75,600/$315,000
= 0.24 x 100
= 24%
2. What is the estimated change in the company’s net operating income if it can increase total sales by $1,100?
Net operating income
= sales - variable cost - fixed cost
= $315,000 - $239,400 - $39,000
= $36,600
Change in operating income
= $316,100 - $239,400 - 39,000
= $37,700
Contribution margin ratio
= $316,600 - $239,400/316,600
= $77,200/$316,600
= 0.24 x 100
= 24%
Estimated change
=Change in total sales x CMR
= $1,100 x 24%
= $264
The best and most correct answer among the choices provided by your question is the fourth choice or letter D.
The statement "<span>Social Security is applied to all wages up to the maximum taxable earnings. Medicare is applied to all wages without limit." best </span><span>explains the relationship between Social Security and Medicare taxes.</span>
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Answer:
Explanation:
From the information povided:
(a) To compute the amount of goodwill paid by Chicago Corporation
Particulars Amount ($)
Accounts Receivable 100000
Inventory 170000
Plant & Equipment 400000
Land 90000
Customer List 4000
Trade Names <u> 16000</u>
NET ASSETS (A) <u>780000</u>
<u />
Current liabilities 76000
Non-current liabilities <u>160000 </u>
NET LIABILITIES (B) <u> 236000</u>
∴
PURCHASE CONSIDERATION (A -B) 544000
<u>Less:</u> Cash Paid <u> 580000</u>
GODWILL <u> 36000 </u>
<u />
b)
In the books of Chicago Corporation, the Journal Entry to record the purchase of Naperville Company.
Account Name Dr. Cr.
Accounts Receivable A/C 100000
Inventory A/C 170000
Plant Equipment A/C 400000
Land A/C 90000
Customer List A/C 4000
Trade Names A/C 16000
Goodwill A/C 36000
Current liabilities A/C 76000
Non-Current Liabilities A/C 160000
Cash A/C 580000
c)
The minimum required amount of goodwill that Chicago can amortize by the end of 2020 is $3600.This is because the amortization can take place for a period of 10 years.
<u />
The primary function of <u>supply chain management</u> system is to provide the managers with increased visibility of the entire logistics process so that they can improve the efficiency.
<h3>What is the
supply chain management?</h3>
In a firm, the supply chain management refers to an operational section that manages the flow of goods, services, tasks and processes that take place from the input of raw materials to the output.
In conclusion, the primary function of any <u>supply chain management</u> system is to provide the managers with increased visibility of the logistics process.
Read more about supply chain
<em>brainly.com/question/14101567</em>
