The Perry Company reported Accounts Receivable, Net of $64,400 at the beginning of the year and $73,700 at the end of the year.
1 answer:
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Answer:
26.50%
Explanation:
Note: The full question is attached below
Contribution margin = Sales - Variable expenses
Contribution margin = $31 - $15
Contribution margin = $16
Current Proposed
Contribution margin $6,080 $7,296
<em> ($16*380) (6080*$1.2)</em>
Fixed Cost <u>($1,490</u>) <u>($1,490)</u>
Net operating income $4,590 $5,806
Increase in profit = ($5,806 - $4,590) / $4,590
Increase in profit = 0.2649237
Increase in profit = 26.50%
Answer: d. $51,000
Explanation:
In March the following will be collected as per the method of collection for Gaylord Company.
1. 35% of sales in March
2. 45% of sales in February
3. 100% - 35% - 45% = 20% of sales in January.
= (35% * 40,000) + (45% * 60,000) + (20% * 50,000)
= 14,000 + 27,000 + 10,000
= $51,000
I have attached the missing part of the question.
