I can help ya I will email u the answer
Answer:
A) $205,875
Explanation:
The formula to compute the contribution margin is shown below:
Contribution margin = Sales - Variable cost
where,
Sales = Number of basketballs sold × selling price per unit
= 67,500 × $4
= $270,000
And, the variable cost = Sales commission + manufacturing cost
The sales commission = Sales revenue × commission percentage
= $270,000 × 5%
= $13,500
And, the manufacturing cost equal to
= Number of basket balls sold × price per unit
= 67,500 × $0.75
= $50,625
So, the variable cost equal to
= $13,500 + $50,625
= $64,125
Now put these values to the above formula
So, the value would equal to
= $270,000 - $64,125
= $205,875
Answer:
Groundcover, Inc.
Journal Entry to record the reissuance of 400 shares on April 8, 2016 would include (using the cost method):
Apr. 8 Debit Cash $3,200
Credit Treasury Stock $3,200
To record the reissuance of 400 shares at $8 a share.
Explanation:
a) Data and Analysis:
Apr. 1 Treasury Stock $10,000 Cash $10,000
Apr. 8 Cash $3,200 Treasury Stock $3,200
May 2 Cash $6,500 Treasury Stock $6,500
b) There are two methods for recording Treasury Stock transactions. One is the cost method. This method ignores the par value and the difference between the par value and the cost. It uses the cost to record the repurchase and resale of treasury shares. The second method is the par value method. This method differentiates the par value and cost for both repurchase and resale of treasury stock shares. The differences are recorded in the Additional Paid-in Capital account so that only the par values are recorded in the Treasury account.
Answer:
This is a stupid question
Explanation:
My momma said so