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KIM [24]
3 years ago
15

Molly company sells 39,000 units at $42 per unit. Variable costs are $33.6 per unit, and fixed costs are $154,000. Determine (a)

the contribution margin ratio, (b) the unit contribution margin, and (c) income from operations.
a. Contribution margin ratio (enter as a whole number.) %
b. Unit contribution margin (round to the nearest cent.) $ per unit
c. Income from operations $
Business
1 answer:
Serga [27]3 years ago
7 0
Income from operations $
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The FOURX Corp. has purchased $50,000 of experimental equipment. The anticipated salvage value is $5500 at the end of its 5-year
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Answer:

b. NPW(SL): $33,738; NPW(DDB): $37,068; Recommendation: DDB

Explanation:

The computation is shown below:

As we know that

Present value is

=  [Cash Flow ÷ (1 + Rate of Interest)^Year]

where,

Rate of Interest = 10%

Under Straight-line depreciation:

Beginning book value = $50,000

Salvage value = $5,500

So, the depreciationper year is

=  [($50,000 - $5,500) ÷ 5]

= $8,900

<u>Year    Beginning   Depreciation  End                 Present value </u>

<u>            book value                  book value of depreciation </u>

1            $50,000      $8,900        $41,100             $8,090.91

2           $41,100         $8,900        $32,200           $7,355.37

3           $32,200       $8,900         $23,300           $6,686.70

4           $23,300       $8,900         $14,400           $6,078.82

5           $14,400        $8,900         $5,500              $5,526.20

                                                                                  $33,738.00

Under Double declining depreciation:

Depreciation rate per year = (1 ÷ Useful  Life) × 100

= 1 ÷ 5 × 100

= 20%

Now for double-declining, the rate is doubled

So,

= 20% × 2

= 40%

<u>Year    Beginning   Depreciation  End                 Present value </u>

<u>            book value                  book value of depreciation </u>

1            $50,000      $20,000       $30,000           $18,181.82

2           $30,000       $12,000       $18,000            $9,917.36

3           $18,000       $7,200         $10,800            $5,409.47

4           $10,800       $4,320         $6,480             $2,950.62

5           $6,480       $980              $5,500            $608.50

                                                                                $37,068

5 0
3 years ago
Two or more items are omitted in each of the following tabulations of income statement data. Fill in the amounts that are missin
PilotLPTM [1.2K]

Answer:

Income Statements

                                                             2013                2014             2015

Sales revenue                                $294,170      $360,920        $414,180

Sales returns and allowances            11,200            13,470         20,740

Net sales                                         282,970         347,350      393,440  

Beginning inventory                          21,590          33,560          42,010

Purchases                                       245,240       263,090       298,600

Purchase returns and allowances     (5,180)          (8,330)        (10,440)

Freight-in                                             8,140            9,480           12,440

Total cost of goods available        269,790       297,800         342,610

Ending inventory                             33,560           42,010          47,870

Cost of goods sold                       236,230        255,790       294,740

Gross profit on sales                      46,740           91,560          98,700

Explanation:

a) Data and Calculations:

                                                             2013                2014             2015

Sales revenue                                $294,170           $                  $414,180

Sales returns and allowances            11,200            13,470  

Net sales                                                                 347,350  

Beginning inventory                          21,590           33,560  

Ending inventory  

Purchases                                                             263,090       298,600

Purchase returns and allowances     5,180             8,330           10,440

Freight-in                                            8,140             9,480            12,440

Cost of goods sold                       236,230                                294,740

Gross profit on sales                      46,740           91,560           98,700

Beginning inventory                          21,590          33,560          42,010

Purchases                                       245,240       263,090       298,600

Purchase returns and allowances     (5,180)          (8,330)        (10,440)

Freight-in                                             8,140            9,480           12,440

Total cost of goods available        269,790       297,800         342,610

Ending inventory                             33,560           42,010           47,870

Cost of goods sold                       236,230        255,790       294,740

3 0
3 years ago
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