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bekas [8.4K]
3 years ago
5

Schrute Farm Sales buys portable generators for $ 470 and sells them for $ 720 He pays a sales commission of​ 5% of sales revenu

e to his sales staff. Mr. Schrute pays $ 3 comma 000 a month rent for his​ store, and also pays $ 1 comma 700 a month to his staff in addition to the commissions. Mr. Schrute sold 700 generators in June. If Mr. Schrute prepares a contribution margin income statement for the month of​ June, what would be his operating​ income?
Business
1 answer:
tigry1 [53]3 years ago
5 0

Answer:

The contribution margin statement is found below with a contribution margin of $149,800 and operating income of $145100

Explanation:

Contribution Margin Statement

Sales  revenue ($720*700)              $504000

Variable costs:

Cost of generators($470*700)         ($329000)

Commission(5%*$504000)              <u> ($25200)</u>

Contribution margin                           $149,800

Fixed costs

Rent                                                     ($3000)

Additional commission                      <u> ($1,700)</u>

Operating income                              $145100

Cost of rent is fixed as it is not depended on the quantity of generators sold.

Additional commission is fixed amount,so it is a fixed cost, while costs of buying generators  as well as the commission of 5% are both variable costs.

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Step2247 [10]

Answer:

The descriptions that best characterize the young Dr. Jekyll include the following:

1.  -He was famous.

2.  -He was rich.

3.  -He was in excellent shape.

Explanation:

He was an eccentric Dr who was researching on the possibility of discovering a drug that will help mankind. During his research, he noticed that, when ever he take a particular drug, it alters his personality and body which would bring out the darkest thoughts in him.

<em>The more he took the drug, the more him slips into darkness and destruction which always makes him sober after transforming back to his normal personality.</em>

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2 years ago
Trisha makes purses out of old blue jeans and sells them to customers at local craft fairs. what type of marketing channel does
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Answer:

Direct.

Explanation:

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3 years ago
For a class assignment that students are to complete individually, Student A and Student B decide to collaborate. Student A comp
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Answer:

Both unethical collaboration and plagiarism

Explanation:

Unethical collaboration -

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For example , students copying the same answer is an example of unethical collaboration .

Plagiarism -

It refers to the method of copying some other person's work completely , without the legal consult of the person , is referred to as the practice of plagiarism .

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3 years ago
The classification and normal balance of the drawing account are a.expense, debit balance b.expense, credit balance c.liability,
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Answer:

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A drawing is not an expense, rather it is a reduction in owner's equity.

To credit owner's equity means to increase its equity and to debit owner's equity means to decrease or reduce its equity.

Since, drawing is a reduction in owner's equity, we debit owner's equity making option D. the correct answer.

Option A and B are wrong because drawings are not classified as an expense.

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Substantive due process is a means by which the government's ability to interfere with the fundamental rights of individuals is limited. In this case, the fundamental right violated is that of freedom of expression, guaranteed by the First Amendment. Thus, since it is a right with constitutional protection, the government cannot curtail its operation without the due legal process necessary for this purpose.

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