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Ede4ka [16]
3 years ago
11

Harris Company manufactures and sells a single product. A partially completed schedule of the company’s total costs and costs pe

r unit over the relevant range of 64,000 to 104,000 units is given below: Required: 1. Complete the schedule of the company’s total costs and costs per unit as given in the relevant tab below. 2. Assume that the company produces and sells 94,000 units during the year at a selling price of $7.99 per unit. Prepare a contribution format income statement for the year.
Business
1 answer:
Fynjy0 [20]3 years ago
5 0

Answer:

Instructions are lsited below

Explanation:

We don't have enough information to resolve with numbers. But I will leave the formulas necessary to resolve.

The general structure of an income statement proceeds as follow:

Revenue/Sales (+)

Cost of Goods Sold (COGS) (-)

=Gross Profit

Marketing, Advertising, and Promotion Expenses (-)

General and Administrative (G&A) Expenses (-)

=EBITDA

Depreciation & Amortization Expense (-)

=Operating Income or EBIT

Interest (-)

Other Expenses (-)

=EBT (Pre-Tax Income)

Income Taxes (-)

=Net Income

A Contribution Margin Income Statement is a special format of the income statement that segregates the variable and fixed expenses involved in running a business. It shows the revenue generated after deducting all variable and fixed expenses separately.

Sales=

Variable costs:

Cost of good sold=

Sales commissions=

Shipping expense=

Total variable cost=

Contribution margin=

Fixed costs:

Advertising expense=

Shipping expense=  

Administrative salaries=

Insurance expense=

Depreciation expense=

Total fixed cost=

Net profit=

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Sonja [21]

Answer:

13.86%

Explanation:

34% was invested into stock X with an expected return of 11%

22% was invested into stock Y with an expected return of 18%

44% was invested into stock Z with an expected return of 14%

The expected return on the portfolio can be calculated using the formula below

Expected return= Sum of ( weight of stock×return of stock)

= (0.34×11%)+(0.22×18%)+(0.44×14%)

= 3.74+3.96+6.16

= 13.86%

Hence the expected return on the portfolio is 13.86%

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3 years ago
Van, a friend of yours from high school, recently called. He asked if you could explain to him how the value of his portfolio wo
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Answer:

Van is asking about Investment area of finance.

Explanation:

  • The developments reported can affect the market sentiments generally.
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brainly.com/question/14847954

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2 years ago
I contract with you to buy your desk for $100. Is this an example of common law or UCC?
Airida [17]
Its an example of UCC
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Target increases the price iPads by $50. What happens to the demand<br> for iPads?
Mandarinka [93]

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The demand for iPads increased.

Explanation:

If they raise the price of the iPads, this must mean more people want to buy them, so the demand for them is high.

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