A balance is ____

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

Marta_Voda [28]

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 $ 10,000

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

Net Operating Income Loss $ 8000

Case 3

Units Sold 10,000

Sales 200,000/10,000 = $ 20

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

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

Fixed Expenses  118,000

Net Operating Income Loss $ 12,000

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 100,000

Net Operating Income Loss $ (10,000)

Part b:

Case 1

Sales 500,000

Variable Expenses 400,000 

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

Fixed Expenses 93,000

Net Operating Income Loss $ 7,000

Case 2

Sales 400,000

Variable Expenses 260,000

Contribution Margin 140,000

Fixed Expenses 100,000

Net Operating Income Loss $ 40,000

Case 3

Sales 250,000

Variable Expenses 100,000

Contribution Margin 150,000 ( 60 % of Sales )

Fixed Expenses 130,000

Net Operating Income Loss $ 20,000

Case 4

Sales 600,000

Variable Expenses 420,000

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

Fixed Expenses 185,000

Net Operating Income Loss $ (5,000)

7 0

2 years ago

Which of the following describes the results of an increase in supply on price and quintity in the market?

Furkat [3]

Answer:

This question is incomplete. However, I found the full question with choices from the web ;

Which of the following describes the results of an increase in supply on price and quantity in the market?

a.) Both price and quantity increase

b.) Both price and quantity decrease

c.) Price increases and quantity decreases

d.) Price decreases and quantity increases

e.) Insufficient information

Explanation:

If the supply of a product or service increases in the market, it means that there will be an increase in the quantity of that product/service. Due to the interplay of the law of demand and supply, competition among suppliers will increase, driving the price down. Therefore, there will be a fall the equilibrium price and increase in quantity , making choice D correct.

7 0

3 years ago

When a contract is deemed against generally accepted public policy, the courts will determine the agreement to be _____?

Evgesh-ka [11]

Based on the statement above, the courts will determine the agreement to be likely as unenforceable and it is likely to be not voided. The agreement is likely to be impossible to be enforced by the higher authorities thought it is not voided or considered to be valid.

8 0

3 years ago

According to the Lewis two-sector model the creation of a Modern (urban) Sector will:

Soloha48 [4]

Answer:

The answer is option B) According to the Lewis two-sector model the creation of a Modern (urban) Sector will:

Create a flow of labor from the traditional sector into the modern sector.

Explanation:

The two sector model propounded by W. Arthur Lewis is a theory of development that identifies two sectors: the traditional and modern sector.

According to this theory, the creation of a modern sector will generate a flow of excess labor from the traditional sector to the urban sector where there is more demand for labor.

Over time, this migration will create more jobs, stimulate industrialization and a framework for sustainable development.

3 0

2 years ago

Notifies the materials manager to send materials to a production department. 2. Holds indirect costs until assigned to productio

Andre45 [30]

Answer:

1. Notifies the materials manager to send materials to a production department--- material requisition

2. Holds indirect costs until assigned to production--- factory overhead account

3. Hold production costs until products are transferred from production to finished goods (or another department)--- goods in process inventory account

4. Standardizes partially completed units into equivalent completed units--- equivalent units of production

5. Holds costs of finished products until sold to customers--- finished goods inventory account

6. Describes the activity and output of a production department for a period--- process cost summary

7. Holds costs of materials until they are used in production or as factory overhead--- raw material inventory account

Explanation:

The complete question requires that we match the above to the options below

a. process cost summary

b. equivalent units of production

c. goods in process inventory account

d. raw material inventory account

e. material requisition

f. finished goods inventory account

g. factory overhead account

5 0

3 years ago

A balance is _____.