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Mamont248 [21]
3 years ago
9

Vulcan Company’s contribution format income statement for June is given below: Vulcan CompanyIncome StatementFor the Month Ended

June 30 Sales $ 900,000 Variable expenses 400,000 Contribution margin 500,000 Fixed expenses 450,000 Net operating income $ 50,000 Management is disappointed with the company’s performance and is wondering what can be done to improve profits. By examining sales and cost records, you have determined the following: a. The company is divided into two sales territories—Northern and Southern. The Northern Territory recorded $500,000 in sales and $200,000 in variable expenses during June; the remaining sales and variable expenses were recorded in the Southern Territory. Fixed expenses of $245,000 and $88,000 are traceable to the Northern and Southern Territories, respectively. The rest of the fixed expenses are common to the two territories.b. The company is the exclusive distributor for two products—Paks and Tibs. Sales of Paks and Tibs totaled $250,000 and $250,000, respectively, in the Northern territory during June. Variable expenses are 21% of the selling price for Paks and 59% for Tibs. Cost records show that $102,500 of the Northern Territory’s fixed expenses are traceable to Paks and $52,500 to Tibs, with the remainder common to the two products. Required:1a. Prepare contribution format segmented income statements for the total company broken down between sales territories.1b. Prepare contribution format segmented income statements for the Northern Territory broken down by product line.

Business
1 answer:
Nana76 [90]3 years ago
6 0

Answer:

Following is attached the solution for the given question.

I hope it will help you a lot!

Explanation:

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An office manager has received a report from a consultant that includes a section on equipment replacement. The report indicates
goldenfox [79]

Answer:

a) 22.663%

b) 44%

c) 38.3%

Explanation:

An office manager has received a report from a consultant that includes a section on equipment replacement. The report indicates that scanners have a service life that is normally distributed with a mean of 41 months and a standard deviation of 4 months. On the basis of this information, determine the percentage of scanners that can be expected to fail in the following time periods:

We solve the above question using z score formula

z = (x-μ)/σ, where

x is the raw score

μ is the population mean = 41 months

σ is the population standard deviation = 4 months

a. Before 38 months of service

Before in z score score means less than 38 months

Hence,

z = 38 - 41/4

z = -0.75

Probability value from Z-Table:

P(x<38) = 0.22663

Converting to percentage = 0.22663 × 100

= 22.663%

b. Between 40 and 45 months of service

For x = 40 months

z = 40 - 41/4

z = -0.2

Probability value from Z-Table:

P(x = 40) = 0.40129

For x = 45

z = 45 - 41/4

z = 1

Probability value from Z-Table:

P(x = 45) = 0.84134

Between 40 and 45 months of service

= 0.84134 - 0.40129

= 0.44005

Converting to Percentage

= 0.44005 × 100

= 44.005%

= 44%

c. Within ± 2 months of the mean life

+ 2 months = 41 months + 2 months

= 43 months

- 2 months = 41 months - 2 months

= 39 months

For x = 43

z = 43 - 41 /4

z = 0.5

P-value from Z-Table:

P(x = 43) = 0.69146

For x = 39

z = 39 - 41/4

z = -2/4

z = -0.5

Probability value from Z-Table:

P(x = 39) = 0.30854

Within ± 2 months of the mean life

= 0.69146 - 0.30854

= 0.38292

= 38.3%

5 0
2 years ago
New technology lowering the costs of production will cause the equilibrium price to ______________ and the equilibrium quantity
lisabon 2012 [21]
I believe the answer is A. <span>decrease; increase
</span><span>lowering the costs of production means that the company could still obtain the same amount of profit while reducing the price on the market.
Due to the development of technology, the production process will become more efficient, which lead to an increase of total quantity of the products on the market.</span>
5 0
3 years ago
Read 2 more answers
George is 73 years old and retired. He was told that he should withdraw $15,000 from his 401(k) to meet his required minimum dis
dusya [7]

Answer:

D : George will have to pay $7,500, which is the 50% tax on the amount that he should have taken for his required minimum distribution.

Explanation:

Currently, Required Minimum Distributions (RMDs) have been suspended for the entire 2020 due to CARES Act. But under normal circumstances, Roger would be penalized and 50% of the RMD not retired would be withheld by the IRS. That is why people generally withdraw the RMDs even if they do not need them.

8 0
3 years ago
Which of the following statements about the relationship between interest rates and bond prices is true? Multiple Choice There i
MaRussiya [10]

The statement about the relationship between interest rates and bond prices that is true is A. There is an inverse relationship between bond prices and interest rates, and the price of long-term bonds fluctuates more than the price of short-term bonds for a given change in interest rates (assuming that the coupon rate is the same for both).

It should be noted that when there's an increase in the interest rate, the price of bonds will be low. also, a decrease in the interest rate will lead to a higher bond price.

At a particular interest rate, the price of<em> long-term bonds</em> fluctuates more than the price of short-term bonds. It should be noted that the relationship between the bond price and<em> Interest rate</em> isn't direct but rather inversely related.

In conclusion, the correct option is A.

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brainly.com/question/24926932

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Al files for bankruptcy. Al has been making loan payments to his company's credit union through payroll deductions. After being
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Answer:

A. Is in violation of the bankruptcy code.

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