Answer:
Contribution margin = $200,000
Explanation:
As per the data given in the question,
Contribution margin = Sales - Variable expense
Number of books = $880,000 ÷ $55
=16,000
Gross margin = 340,000
Variable selling expenses = 16,000 × $6
=$96,000
Variable administrative expense = $880,000 × 5%
=$44,000
Total = $96,000 + $44,000
= $140,000
Contribution margin = $340,000 - $140,000
= $200,000
Answer:
the expenditures are missing, so I looked for a similar question:
- 1/2/2014 $400,000
- 7/1/2014 $1,200,000
- 12/31/2014 $1,200,000
- 3/31/2015 $1,200,000
- 9/30/2015 $800,000
Weighted average expenditures for 2014:
January 1 = $400,000 x 1 = $400,000
July 1 = $1,200,000 x 1/6 = $600,000
December 31 = $1,200,000 x 0 = $0
total = $1,000,000
Since the company borrowed $2,200,000 specifically for this construction project, then capitalized interests = $1,000,000 x 12% = $120,000
Answer:
formatting or editing because that is where you can change how something is placed or appears in the document.
Answer:
$189,500
Explanation:
Calculation to determine what amount should Barley report as allowance for uncollectible accounts
Using this formula
Allowance for uncollectible Accounts=Barley's gross accounts receivable percentage*Barley's gross accounts receivable
Let plug in the formula
Allowance for uncollectible Accounts= 1%*$18,950,000
Allowance for uncollectible Accounts= $189,500
Therefore The amount that Barley should report as allowance for uncollectible accounts will be $189,500
Answer: D -different perceptions of the same situation
Explanation: Perception can be said to be the way individual see, understand and interpret a situation.
Different people see and interpret the same situation differently. Individuals perception about a situation is always different as individuals think and act differently.
Due to individuals personality, individuals see and understand and interpret same situations differently.
