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
KonstantinChe [14]
3 years ago
15

Lasseter Corporation has provided its contribution format income statement for August. The company produces and sells a single p

roduct.
Sales (3,800 units) $ 95,000
Variable expenses 38,000
Contribution margin 57,000
Fixed expenses 43,600
Net operating income $ 13,400
If the company sells 3,900 units, its total contribution margin should be closest to:

a. $13,753
b. $57,000
c. $58,500
d. $59,500
Business
1 answer:
Phantasy [73]3 years ago
7 0

Answer:

The correct answer is C.

Explanation:

Giving the following information:

Sales (3,800 units) $ 95,000

Variable expenses 38,000

First, we need to calculate the unitary selling price and unitary variable cost.

Selling price= 95,000/3,800= $25

Unitary variable cost= 38,000/3,800= $10

Now, we can calculate the total contribution margin for 3,900 units:

Sales= 25*3,900= 97,500

Variable cost= 10*3,900= (39,000)

Contribution margin= 58,500

You might be interested in
If a monopolist produces 100 units of output at a market price of $5 per unit with marginal revenue per unit equaling $4, we wou
andre [41]

Answer: a. Higher than 100 units , price lower than $5 and Mr = price

Explanation:

Firms competing in perfect market conditions are Price Takers, the produce quantity at the level where Marginal Revenue equals Marginal cost. Since firms are price takers their Marginal Revenue is the Market Price P. They can only increase quantity if they want to earn more profit,  Therefore Price = Marginal Revenue = Marginal Cost.

The Quantity will increase and the price will be lower than $5. Price = Marginal Revenue = Marginal cost. The Price will be $4

6 0
3 years ago
Explain how the costs of poor quality can affect competitiveness.
Soloha48 [4]
The competitiveness of a good usually depends on two key factors: its price, and its quality. While poor quality goods are less competitive from a quality perspective but poor quality goods are usually cheaper to produce resulting to a lower final price. So overall, the lower the cost and the higher the quality the more competitive a good is.
8 0
4 years ago
Convenience goods like Coke are available almost everywhere in the United States. Thus, Coke uses ______ distribution:
Doss [256]

Convenience products like Coke are available almost everywhere in the United States. Thus, Coke uses intensive distribution, which is related to the strategy of making the product available at many different retailers.

This is a marketing strategy widely used by companies that supply non-durable consumer goods, which are those that are consumed quickly, such as food, beverages and medications.

Therefore, non-durable goods such as Coke need to be replenished quickly, justifying the company's intensive distribution strategy, which makes its products easily available to consumers, increasing its profitability and positioning.

Learn more here:

brainly.com/question/3520708

7 0
3 years ago
DS Unlimited has the following transactions during August.
PtichkaEL [24]

Answer:

Date       Account Title           Debit      Credit

Aug-06   Inventory                 $5,720

               (52 * $110)

                      Accounts Payable            $5,720

Aug-07    Inventory                 $310

                       Cash                                  $310

Aug-10    Accounts Payable    $770

               (7 * $110 )

                         Inventory                         $770

Aug-14     Accounts Payable    $4,950

                          Inventory                        $99

                          Cash                                $4,851

Aug-23   Accounts Receivable $4,160

               ( 32*$130)

                           Sales revenue               $4,160

Aug-23   Cost of goods sold     $3,670

                          Inventory                         $ 3,670

7 0
3 years ago
West Virginia has one of the highest divorce rates in the nation, with an annual rate of approximately 5 divorces per 1000 peopl
liubo4ka [24]

Answer:

Kindly check explanation

Explanation:

Given the data:

x___ f(x)

10__ 0.05

20__0.10

30__0.10

40__0.20

50__0.35

60__0.20

a. Is this probability distribution valid?

Yes

Σf(x) = (0.05 + 0.10 + 0.10 + 0.20 + 0.35 + 0.20) = 1

0≤f(x)≤1

b. What is the probability MCC will obtain more than 30 new clients

X = 40 + x = 50 + x = 60

0.20 + 0.35 + 0.20 = 0.75

c. What is the probability MCC will obtain fewer than 20 new clients

x = 10

f(x) = f(10) = 0.05

d)Compute the expected value and variance of x.

Expected value (E(x)) :

Σ(x * f(x))

= (10*0.05) + (20*0.1) + (30*0.1) + (40*0.2) + (50*0.35) + (60*0.2)

= 43

Σ(x * E(x))² * f(x)

= (10 - 43)^2 * 0.05 + (20 - 43)^2 * 0.1 + (30 - 43)^2 * 0.1 + (40 - 43)^2 * 0.2+ (50 - 43)^2 * 0.35 + (60 - 43)^2 * 0.2

= 201

3 0
4 years ago
Other questions:
  • Supply chain management refers to a relatively new business phenomenon meaning:
    12·1 answer
  • By examining the spreadsheet below, what part of the financial plan might be missing?
    15·1 answer
  • Macee Department Store has three departments, and it conducts advertising campaigns that benefit all departments. Advertising co
    15·1 answer
  • Lamar is a salesperson for bi-state direct. he really appreciates the amount of freedom and authority bi-state gives its sales p
    9·1 answer
  • Hayden Company is considering the acquisition of a machine that costs $675,000. The machine is expected to have a useful life of
    5·1 answer
  • Misu Sheet, owner of the Bedspread Shop, knows his customers will pay no more than $120 for a comforter. Misu wants a 30% markup
    14·1 answer
  • Cash $ 8,600 Accounts receivable 16,500 Office supplies 2,000 Trucks 173,000 Accumulated depreciation—Trucks $ 35,638 Land 75,00
    15·1 answer
  • A corporate bond pays 7​% of its face value once per year. If this ​$10 comma 000 10​-year bond sells now for ​$10 comma 600​, w
    14·1 answer
  • One way to eliminate intermediate goods from the measure of gdp is to subtract from the measure of all output the:_______
    12·1 answer
  • If country x is expected to grow by 19 percent between the years 2017 and 2018, what is the expected gdp per capita for the year
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!