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ElenaW [278]
2 years ago
5

Escareno Corporation has provided its contribution format income statement for June. The company produces and sells a single pro

duct. If the company sells 8,200 units, its total contribution margin should be closest to: Select one: a. $301,000 b. $311,600 c. $319,200 d. $66,674
Business
1 answer:
Dmitrij [34]2 years ago
7 0

Answer:

b. $311,600

Explanation:

For the computation of total contribution margin first we need to find out the contribution margin per unit which is shown below:-

Contribution Margin per Unit = Contribution Margin ÷ Units Sold

= 319,200 ÷ 8,400

= $38

Total Contribution Margin = Contribution Margin per Unit × Units Sold

= $38 × 8,200

= $311,600

Therefore for computing the total contribution margin we simply applied the above formula.

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the after tax terminal value would be $14,500

Explanation:

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2 years ago
Which of the following is a distinguishing characteristic of oligopoly? Question 1 options:_____
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Answer:

B. Natural barriers cannot prevent the entry of new firms.

Explanation:

Natural barriers cannot prevent the entry of new firms as firms should be free to enter and exit the industry. Every firm's actions or dealings influence the profits of all the other firms.

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3 years ago
During the past five years, the nation of Andolvia began a massive undertaking: teaching farmers how to successfully grow and ha
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Answer:

The correct answer is (D) Import quotas

Explanation:

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3 years ago
Pretzelmania, Inc., issues 5%, 20-year bonds with a face amount of $50,000 for $44,221 on January 1, 2021. The market interest r
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Answer: Please see Explanation for answer.

Explanation:

January 01, 2021:

Cash Debit 44,221

Bonds Payable Credit 44,221

Since the bonds were sold at a discount, the entry to record the first interest payment (using straight line amortization of the premium) would be:

Interest expense ($44,221× 6% × 6months/12months ) = $1,326.63 =$1,327

Cash is given as ($50,000 × 5% ×6months /12months) = $1,250

June 30, 2021:

Interest Expense Debit---$1,326.63 Bonds Payable Credit $77

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5 0
2 years ago
Diminishing returns to physical capital means that when the amount of human capital per worker and the state of technology are h
-BARSIC- [3]

Answer:

a. a smaller increase in the marginal product of labor. 

Explanation:

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For there to be output growth, physical capital should be increased less than human capital and technological progress.

I hope my answer helps you

6 0
3 years ago
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