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
polet [3.4K]
2 years ago
15

Fill in the missing amounts in each of the eight case situations below. Each case is independent of the others. (Hint: One way t

o find the missing amounts would be to prepare a contribution format income statement for each case, enter the known data, and then compute the missing items.)
Assume that only one product is being sold in each of the four following case situations:

Case Units Sold Sales Variable Expenses Contribution Margin Per Unit Fixed Expenses Net Operating Income Loss
1 15,000 $180,000 $120,000 $4 $50,000 $______
2 4,000 $100,000 $60,000 $10 $32,000 $8,000
3 10,000 $______ $70,000 $13 $_______ $12,000
4 $6,000 $300,000 $210,000 $15 $100,00 $(10,000)


b. Assume that more than one product is being sold in each of the four following case situations:


Case Sales Variable Expenses Average Contribution Margin Ratio Fixed Expenses Net Operating income (Loss)
1 $500,000 $______ 20% $______ $7,000
2 $400,000 $260,000 35% $100,000 $40,000
3 $______ $______ 60% $130,000 $20,000
4 $600,000 $420,000 _______% $______ $(5,000)
Business
1 answer:
Marta_Voda [28]2 years ago
7 0

Answer:

We prepared a contribution format income statement for each case, entered the known data, and then computed the missing items.

Part a:

Case                            1

Units Sold                     15000

Sales                                180,000/15000 = $ 12

Variable Expenses         120,000/ 15,000 = $ 8

Contribution Margin        $4*15000= 60,000

Fixed Expenses          50,000

Net Operating Income Loss   <u>$ 10,000</u>

<u />

Case                            2

Units Sold                     4000

Sales                                100,000/4000 = $ 25

Variable Expenses         60,000/ 4,000 = $ 15

Contribution Margin        $ 10*4000= 40,000

Fixed Expenses          32,000

<u>Net Operating Income Loss   $ 8000</u>

Case                            3

Units Sold                     10,000

Sales                                <u>200,000/10,000 = $ 20</u>

Variable Expenses         70,000/ 10,000 = $ 7

Contribution Margin        $ 13*  10,000= 130,000

Fixed Expenses      <u>  </u><u> 118,000</u>

<u>Net Operating Income Loss   $ 12,000</u>

Case                            4

Units Sold                     6,000

Sales                                300,000/ 6,000 = $50

Variable Expenses         210,000/ 6000 = $ 35 per unit

Contribution Margin        $ 15*  6000=  $ 90,000

Fixed Expenses      <u>   100,000</u>

<u>Net Operating Income Loss   $ (10,000)</u>

<u />

<u>Part b:</u>

Case                            1

Sales                             500,000  

Variable Expenses       <u>400,000  </u>  

Contribution Margin     20% of 500,000 = $ 100,000

Fixed Expenses           93,000

Net Operating Income Loss   $ 7,000

<u />

Case                            2

Sales                             400,000  

Variable Expenses       26<u>0,000  </u>  

Contribution Margin     140,000

Fixed Expenses           100,000

Net Operating Income Loss   $ 40,000

<u />

Case                            3

Sales                             250,000  

Variable Expenses      1<u>00,000  </u>  

Contribution Margin     150,000 ( 60 % of Sales )

Fixed Expenses           130,000

Net Operating Income Loss   $ 20,000

Case                            4

Sales                             600,000  

Variable Expenses       42<u>0,000  </u>  

Contribution Margin     180,000 (<u>  180,000/600,000 *100 = 30 % )</u>

Fixed Expenses           <u>185,000</u>

Net Operating Income Loss   $ (5,000)

<u />

You might be interested in
The __________ rate tells you how much one unit of currency is worth when converted to another currency.
marissa [1.9K]

Answer:

the answer is A. exchange

hope this helps

5 0
2 years ago
Type the correct answer in the box. Spell all words correcty.
Nookie1986 [14]

Answer and Explanation:

The information management refers to manage the information in effecetive and efficient manner. It could be in terms of storing, organizing, developing, using, distributing the information so that it became useful for the organization

Here, the goal of information management is to identify the requirement of the information for various management levels so that it can be used in appropriate manner.

5 0
3 years ago
A company supplies printing machines to newspaper agencies across the world. Though the product supplied to different countries
KIM [24]

Answer:

Adaptation of industrial products is the correct answer.

Explanation:

5 0
3 years ago
1. The car dealer is offering a promotion on a new that the buyer pays zero interest over 72 months. The monthly payment is $350
inessss [21]

Answer:

selling price of this car is $22700  

Explanation:

given data

zero interest = 72 months

monthly payment = $350

market interest rate = 3.5% per year = 0.2917 % per month

time = 6 year = 72 months

solution

we get here present value of annuity that is

present value  annuity  = ( 0.2917 % per month , 72 months )

present value  annuity  =  64.8568

so here selling price of car is

selling price = monthly payment ×  present value  annuity  ............1

selling price = $350 × 64.8568

selling price = $22700

so selling price of this car is $22700  

8 0
3 years ago
n investor has $100,000 invested in an account that earns 5% annually. The investor wishes to withdraw $12,000 per year. If the
lawyer [7]

Answer:

11 years

Explanation:

For computing, the number of years or the account will be fully depleted we need to apply the NPER formula i.e to be shown in the attachment below:

Given that,  

Present value = $100,000

Future value = $0

PMT = $12,000

Rate of interest = 5%

The formula is shown below:

= NPER(Rate;PMT;-PV;FV;type)

The present value come in negative

So, after applying the above formula, the number of years in which the account is depleted is 11 years

3 0
2 years ago
Other questions:
  • The trend in the poverty rate since the mid 1960's___________.
    9·1 answer
  • During the recession of 2007−2009, the u.s. federal government's tax collections fell from about $2.6 trillion down to about $2.
    13·1 answer
  • What is the difference between marginal values and average​ values? A. Marginal values show the total benefit or cost from consu
    9·1 answer
  • What can influence a stocks price
    12·1 answer
  • Carol is in charge of a meeting to decide what the company should do about the new sales people who don't know how to follow-up
    10·1 answer
  • PLS HELP QUICK<br> I’LL MARK BRAINLIEST
    5·2 answers
  • On December 31, 2020, Wayne, Inc. sold $4,000,000 (face value) of bonds. The bonds are dated December 30, 2020, pay interest ann
    15·1 answer
  • Fiscal policy that focuses on shifting the long-run aggregate supply curve to the right is _____ policy. contractionary mandator
    15·1 answer
  • Management generally resists allowing employees to manage their own workflow because it decreases their motiviation. please sele
    15·2 answers
  • The precaution of prohibiting employees from bringing personal computing devices into a facility is what type of security contro
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!