Answer:
A. Contribution margin of $250,000 and C. Gross profit of $230,000.
Explanation:
Sales = $350,000
Cost of goods sold = $120,000
Total fixed expenses = $60,000
Total variable expenses = $100,000
Therefore,
Gross profit = Sales - Cost of goods sold
= $350,000 - $120,000
= $230,000
Contribution margin = Sales - Total variable cost
= $350,000 - $100,000
= $250,000
The right options are A. Contribution margin of $250,000 and C. Gross profit of $230,000.
Answer:
Assume that no new production was involved in this transaction.
Wealth was created because the value of your willingness to sell was _____ (equal to, less than, greater than) the buyer's willingness to pay.
Suppose you sold the car for $18,000.
If the minimum price, or "bottom line," you would accept for the car is $10,000 and the most the buyer is willing to pay is $25,000.
Explanation:
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A master budget schedules answer several key questions for a company. Thus the correct option is last.
<h3 /><h3>What is Master Budget?</h3>
A master budget is created by combining all of the smaller business budgets into one budget in order to provide a comprehensive insight into the company's financial position.
All other departments' budgets are combined into the master budget to create a single budget. It may be said that the master budget schedules provide answers to a number of issues connected to the many departments within an organization.
Therefore, the last option is appropriate.
Learn more about the master budget, here:-
brainly.com/question/15900166
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