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
Nikitich [7]
3 years ago
14

The dollars available from each unit of sales to cover fixe

Business
1 answer:
lbvjy [14]3 years ago
5 0

Answer:

False

Explanation:

Variable costs are part of direct expenses incurred in the production of goods meant for sales. Variable costs have a direct and proportionate relationship with the output level. An increase in output level increases variable costs. Examples of variable costs are packaging and raw materials.

The contribution margin is the dollar amount available from the sale of each unit to cater for fixed costs and profits. It is calculated by subtracting variable costs from the selling price. The contribution margin is used in determining the break-even point and the output level required to achieve desired profits.

You might be interested in
Indiana Co. bega n a construction project in 2018 with a contract price of $150 million to receive when the project completed in
Liula [17]

Answer: C) Recognized $9 million gross profit on the project in 2018.

Explanation:

Duration of construction project from 2018 to 2020 = 3 years

Cost incurred by Indiana co. in 2018 = $36 million

Estimated additional cost for the remainder of the project = $84 million

Total cost to be incurred over the duration of the project = $36 million + $84 million = $120 million

To calculate the percentage of the project completed, we use the cost figures;

Cost incurred so far (in 2018) ÷ Total cost to be incurred × 100

36,000,000/ 120,000,000 × 100 = 30%

Total revenue from contract (which is the contract price) = $150 million

Indiana Co. recognizes revenue according to the percentage of the project completed. Therefore, revenue recognized after 30% of the project is completed (which is the revenue for 2018) = 30% of $150,000,000

Revenue for 2018 = 30/100 × 150,000,000 = $45,000,000

Profit recognized on the project in 2018 = Revenue for 2018 - Cost incurred in 2018

Profit = $45,000,000 - $36,000,000

Gross profit recognized in 2018 = $9,000,000

5 0
2 years ago
Colin presents his findings in class. His topic -- stories addressing effects of white flour on a person's health – features sci
Jet001 [13]

Answer:

Analogy is defined as a comparison between two things with an aim of clarification and explanation

- (D) A firm director describes the differences between documentary and fictional films to a group of people.

Definition means of a text, word,action or concept.

- (B) A professor asks his students to read the poem as if they are reading poetry for the very first time.

Visual Demonstration is an illustrative matter, for example a model, film or a slide designed to supplement spoken or written information in order to be understood easily.

- (A) The owner of a local coffee shop hangs up a map showing the countries the shop purchases it's coffee from.

4 0
3 years ago
How much do people that don’t go to college earn
Brrunno [24]

Answer:

They dont earn no more than $28,000 a year

5 0
2 years ago
Read 2 more answers
you own 100 shares in each of three companies, each company pays a dividend. gillete pays 1.15 per share in dividends, general e
Elena-2011 [213]

Answer:

$278

Explanation:

100 * 1.15 = $115

100 * .79 = $79

100 * .84 = $84

$278

Hope this helps

3 0
3 years ago
Stockholders’ equity totaled $94,000 at the beginning of the year. During the year, net income was $24,000, dividends of $9,000
Scilla [17]

Answer:

$131,000

Explanation:

Given that,

Stockholders’ equity at the beginning = $94,000

net income = $24,000

Dividends paid = $9,000

Common stock issued = $22,000

Stockholders' equity at the end:

= Stockholders Equity at the beginning + Net Income - Dividend + Common stock issued

= $94,000 + $24,000 - $9,000 + $22,000

= $131,000

Therefore, the total stockholders' equity at the end of the year is $131,000.

7 0
3 years ago
Other questions:
  • If soybean farmers know that the demand for soybeans is inelastic, in order to increase their total revenues they should a. use
    5·1 answer
  • The Is financial statements detailing a firm assets liabilities and owners equality
    9·1 answer
  • Net sales $410,660 Cost of goods sold (purchased items) $102,500 Net income after taxes $ 45,415 Current assets $299,665 Current
    14·1 answer
  • As the number of people holding college degrees increases, assuming the demand for college educated labor stays constant, the wa
    7·1 answer
  • The return on common stockholders’ equity is computed by dividing a) net income less preferred dividends by ending common stockh
    9·1 answer
  • Dan has been directed to study the forces close to a company that affect its ability to serve its customers, such as the company
    6·1 answer
  • A financial planning service offers a college savings program. The plan calls for you to make six annual payments of $14,000 eac
    10·1 answer
  • A United States-based faculty member goes on sabbatical and works in Finland for a government-run university teaching classes fo
    9·1 answer
  • Which step of formulating a financial budget involves using forecasting techniques to help predict revenue?
    5·1 answer
  • Jake Olsen has decided to put $1,000 in the bank. List several questions Jake might want to ask before ch whether to put the mon
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!