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3 years ago

TRUE OR FALSE

Business

2 answers:

ziro4ka [17]3 years ago

8 0

I would say false. It doesn’t necessarily mean things are going bad. They could be looking for a bigger investment.

GenaCL600 [577]3 years ago

7 0

I would say this is true

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Sorin Incorporated, a company that produces and sells a single product, has provided its contribution format income statement fo

Zepler [3.9K]

Answer:

Total contribution margin= $53,136

Explanation:

Giving the following information:

Sales (3,600 units) $ 97,200

Variable expenses 50,544

Contribution margin 46,656

First, we need to calculate the unitary variable cost and the selling price.

Selling price= $27

Unitary variable cost= $14.04

Now, we can calculate the total contribution margin for 4,100 units.

Total contribution margin= 4,100*(27 - 14.04)

Total contribution margin= $53,136

5 0

3 years ago

At the end of the video, there is the implication that "selling out" has a different meaning for today’s teens than for past gen

PSYCHO15rus [73]

Answer: No, it's still the same

Explanation:

Selling out is the process of having your product completely bought by your customers either at an event or through a period of a day sales. The meaning of the word "sold out" still holds for the past generation and also this generation or teens today

3 0

3 years ago

Pharoah Company reports the following operating results for the month of August: sales $360,000 (units 4,800), variable costs $2

joja [24]

Answer:

1. Net Income = $66,200

2. Net Income = $91,600

Explanation:

Requirement 1

Original sales = $360,000

If we increase the sales by 12%,

The new sales = $360,000 + ($360,000 × 12%) = $403,200

Pharoah Company

Income statement

Sales revenue = $403,200

Less: Variable cost = ($245,000)

Contribution margin = $158,200

Less: fixed costs = ($92,000)

Net income = $66,200

Note: The company increases the sales but does not change the costs.

Requirement 2

Original sales = $360,000

If we decrease the variable expense to 61% of sales,

The new variable expense = $360,000 × 61% = $219,600

Pharoah Company

Income statement

Sales revenue = $403,200

Less: Variable cost = ($219,600)

Contribution margin = $183,600

Less: fixed costs = ($92,000)

Net income = $91,600

Note: The company reduces the variable costs but not changes sales or fixed costs.

8 0

3 years ago

Why do some people resist the goal of becoming world class? How can this resistance be overcome?

alexira [117]

In my opinion, people might want to stay in the lower class because of the unwanted attention that you get if you drive around a flashy car, and anything that could get you noticed. This resistance can be overcome by being your true self, without the fear of being judged badly by anyone.

7 0

3 years ago

Giorgio Italian Market bought $4,000 worth of merchandise from Food Suppliers and signed a 90-day, 6% promissory note for the $4

VARVARA [1.3K]

Answer:

The journal entry for the following would be:

Explanation:

Journal entry in the books of Food supplier on the maturity date of the note

Cash A/c...........................Dr $4,060

To Interest Revenue A/c..........Cr $60

To Note Receivable A/c...........Cr $4,000

Working Note:

Interest Revenue = Amount of goods sold × 6% note × Number of days

= $4,000 × 6% × 90 / 360

= $240 × 90 / 360

= $60

8 0

3 years ago