I need help!!!!! :| !!!

Assume University Athletic Pharoah Club sells T-shirts for $30 and anticipates selling 6,700 shirts during football season. The

den301095 [7]

The preparation of the University Athletic Pharaoh Club's Income Statement in the contribution margin format is as follows:

University Athletic Pharaoh Club

<h3>Income Statement</h3>

For the football season

Sales Revenue $201,000

Variable cost of sales 155,574

Contribution margin $45,426

Fixed Costs:

Selling and administrative 33,526

Net Income $11,900

<h3>Data and Calculations:</h3>

Sales revenue = $201,000 ($30 x 6,700)

Cost of sales = $155,574 ($23.22 x 6,700)

Fixed Costs = $35,000

Sales commission = $1,474 ($0.22 x 6,700)

Remaining fixed costs = $33,526

Thus, the income statement of University Athletic Pharaoh Club for the football season shows a net income of $11,900.

Learn more about Contribution-Margin Income Statement at brainly.com/question/24962994

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3 0

1 year ago

If reserves in the banking system increase by $100, then checkable deposits will increase by $500 in the model of multiple depos

const2013 [10]

Answer:

d. 0.2

Explanation:

D = 500

R = 100

D*rr = R

500*rr = 100

rr = 100/500

= 0.2

Therefore, The required reserve ratio is a 0.2

6 0

2 years ago

Kathleen is considering expanding her dress shop. If interest rates rise she is Group of answer choices less likely to expand. T

Karolina [17]

Answer:

<u><em>Less likely to expand.</em></u>

Explanation:

When ever interest rates rise in an economy, the soul purpose of that is to control inflation by influencing the people to save more and consume/spend less.

Hence, when the interest rates will rise, Kathleen will be moving away from the expansion process as she will have to borrow the money at more cost than before, hence increasing the risk of return from the expansion process. Hence this will lead to the demand for loan-able funds to slope downwards.

Hope this helps you. Good Luck.

7 0

2 years ago

Assume that you own an annuity that will pay you $15,000 per year for 12 years, with the first payment being made today. You nee

sleet_krkn [62]

Answer: 2.72%

Explanation:

An annuity is a series of payments that is made at equal intervals. Examples are monthly home mortgage payments, regular deposits to a savings account, pension payments.

Number of payment period (NPER) = 12 years

Payment per period (PMT) = $15000

Amount needed, PV = $156000

The formula for an annuity is calculated as:

P = PMT x ((1 – (1 / (1 + r) ^ -n)) / r)

= Rate(12,15000,-156000,1)

Rate = 2.72%

7 0

2 years ago

The term _____ is defined as the activity, set of institutions, and processes for creating, communicating, delivering, and excha

Temka [501]

Answer:

American Marketing Association

Explanation:

American Marketing Association -

It refers to the association of many marketing professionals all together , is referred to as the American Marketing Association .

In the year 2012 , there were 30,000 members , present in the United states .

Which consists of 250 collegiate chapters and 76 professional chapters .

Hence from the given scenario of the question ,

The correct option is American Marketing Association .

3 0

2 years ago