1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
gogolik [260]
3 years ago
13

Zhao Co. has fixed costs of $354,000. Its single product sells for $175 per unit, and variable costs are $116 per unit. The comp

any expects sales of 10,000 units. Prepare a contribution margin income statement for the year ended December 31, 2019.
Business
1 answer:
Elden [556K]3 years ago
8 0

Answer:

Contribution margin income statement for the year ended December 31, 2019

Sales (10,000×$175)                              1,750,000

Less Variable Costs (10,000×$116)      (1,160,000)

Contribution                                             590,000

Less Fixed Costs                                    (354,000)

Net Income/(loss)                                    236,000

Explanation:

Variable Costing Income = Contribution - Fixed Costs

You might be interested in
In which of the following scenarios would you have the most money at the end of the year? 3% compounded yearly 2% compounded mon
larisa [96]
3% compounded yearly<span />
4 0
3 years ago
Read 2 more answers
Which statements describe a Treble Clef correctly? Pick Two
mariarad [96]

Answer: c and a

Explanation:

4 0
3 years ago
Scott Corp. received cash of $20,000 that was included in revenues in its Year 1 financial statements, of which $12,000 will not
Oliga [24]

Answer:

3,000

Explanation:

As the income will be taxed at 25% the income tax liability will be for that amount

12,000 x 25% = 3,000

The tax deferred liability is generated from a temporary difference. The company is paying less income tax today but will pay more in the future. Hence there is a liability.

The accounting reason for this treatment is to match expenses with the time they occur or the revenues which generated.

6 0
3 years ago
At Mattress Store, Nate signs a contract to buy bedroom furniture. The contract sets a schedule of $500 monthly payments, subjec
Anettt [7]

Nate finds the language of the contract to buy bedroom furniture difficult to understand due to "procedural unconscionability".

<h3>What is procedural unconscionability?</h3>

Unconscionability that results from the contract-making process rather than from a contract's terms that are inherently unfair or unreasonable

Examples of Procedural Unconscionability is-

  • influencing an underprivileged party who would not have otherwise signed the contract to do so.
  • minimising important clauses in contracts for the sake of the underdog.
  • If one side uses threats of violence against the other party, his family, or friends, this is known as coercion.

Therefore, Procedural unconscionability is based on elements that deprive a party of a meaningful choice, such as customer ignorance or a significant amount of unclear fine print.

To know more about elements required in contract-making, here

brainly.com/question/8116487

#SPJ4

6 0
2 years ago
15 friends want to order pizza for dinner. they predict that each person will eat 1/3 of a pizza. how many pizzas should they or
nirvana33 [79]
I would solve it like this:
15 / 3 = 5
5 Pizzas would be needed for each person to eat 1/3 of a pizza.

Hope this helps!
6 0
3 years ago
Other questions:
  • If an individual orders an alcoholic beverage In a private club and is determined not to be a current club member what should th
    8·2 answers
  • What two requirements of supply must someone meet to be considered a producer?
    8·1 answer
  • Inventory managers at SYX Enterprises utilize an inventory coetrol system where materials are scheduled to arrive just as they a
    14·1 answer
  • In a __________ distribution center, merchandise moves from vendors' trucks to retailers' delivery trucks in a matter of hours.A
    15·1 answer
  • You are the sales manager for a software company and have been informed that the price elasticity of demand for your most popula
    10·1 answer
  • Company AA had net income of $20,000 in 2017. Compared to previous year, Accounts Receivable decreased by $10,000, Prepaid Rent
    11·1 answer
  • Assume the following information: Amount Per Unit Sales $ 300,000 $ 40 Variable expenses 120,000 16 Contribution margin 180,000
    12·1 answer
  • CHRISTIE IS THINKING ABOUT GETTING A TERM LIFE insurance policy. She currently makes $75,000 a year. Her husband, Chip, is a sta
    8·1 answer
  • Assume that banks keep 10% of deposits as reserves. Households hold money such that the currency-deposit ratio is 80%. The money
    8·1 answer
  • If a company's gross profit turns out to be higher than it had expected, the gross profit method of estimating inventory will ha
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!