Answer:
net income = $100000
Explanation:
given data
sales = $900,000
cost of goods = $600,000
operating expenses = $200,000
variable = 70%
fixed = 30%
solution
CVP income statement
sales = $900,000
total variable cost = sales - ( cost of good sold ) - (operating expenses )
total variable cost = $900,000 - ( $600,000 × 70% ) - ($200,000 × 70% )
total variable cost = $560000
and
contribution is $340000
fixed cost = ( cost of good sold ) - (operating expenses )
fixed cost = ( $600,000 × 30% ) - ($200,000 × 30% )
fixed cost = $240000
so net income is = contribution - fixed cost
net income is = $340000 - $240000
net income = $100000
Answer:
$131,000
Explanation:
The computation of the amount of quick assets is shown below:
Quick asset = Account Receivable + Cash + marketable securities
= $65,000 + $30,000 + $36,000
= $131,000
We simply added the account receivable, cash and the marketable securities so that the quick assets could come plus it contains more liquidity that converted into cash in a very short period of time and the rest of the items are ignored as there are not relevant
a condition or state of affairs almost beyond one's ability to deal with and requiring great effort to bear or overcome. "grappling with financial difficulties"
Explanation:
A business proposal is a written document in which the offers and proposed plans given to the clients are listed. This proposal or report is got checked by the manager before sending to the client. Even if the simple report has to be presented to the manager, it must have some points that capture the attention of your manager. The proposal or report must cover every aspect which is being discussed.
- The writing of the proposal or report must be persuasive.
- It should be precise.
- The tone of the proposal must be professional.
- Important points should be marked bold or italic.
- Paragraphing should be used.
- Bullets, lists and Tables should be used where needed.
- The document should have a visual appeal.
All such things will make the document appealing and will capture the attention of your manager.
