Answer:
The company's net operating income for May is $30,500
Explanation:
For computing the net operating income, first, we have to compute the contribution by applying the contribution margin formula. The formula is shown below:
Contribution margin = (Contribution ÷ Sales)
75% = (Contribution ÷ $114,000)
So contribution would be equal to
= $114,000 × 75%
= $85,500
And the fixed expenses are $55,000
So, the net operating income equal to
= Contribution - fixed expenses
= $85,500 - $55,000
= $30,500
<span>The market refers to the buying and selling abilities within a ocal, state, or national economy.</span>
As either? did you finish it?
Alright, well this is simple
Well, Tom has an issue. Fast food people give him extra mustard, he dials 911. I'm sure the police hate Tom by now, but anyways, let's move on to the actual question.
So, you have four choices:
Public Choice Theory: The use of economic tools to deal with traditional problems of political science.
Utility Theory: A theory used in economics that means that an item or services utility is a measure of satisfaction that the consumer will derive from the consumption of that good or service.
Moral Hazard: A risk that the presence of a contract will affect the behavior of one or more parties. Usually used for official deals, like insurance.
Law of Diminishing Marginal Utility: <span>The law stating that as a </span>person<span> consumes more and more </span>units<span> of a </span>product<span>, past a certain point the perceived </span>benefit<span> from </span>consumption<span> will </span>decrease<span> with each successive unit. Basically, this means the more a person does something, or consumes something, the less they like it. Like if you eat pizza too much, and suddenly get sick of pizza. That's the Law of DMU.
</span>
So, let's see how this fits. Tom calls 911 every time the drive through messes up his order, right? Well, it sounds like he get's pretty mad whenever it doesn't come out right.
Now, you can rule out A. This isn't anything to do with Political. You can also rule out C. This has nothing to do with a contract either. Now, I believe your answer is either B or D. If he calls 911 every time they get it wrong, it sounds like either he's getting sick of the product (D) or he's just not satisfied with the product (B) and thus the products value goes down.
So, while I'm leaning more towards B, it could also be D.
~Hope this helps M8
Answer:
a. Particulars Amount
Sales $740,000
Less: Variable cost of goods sold <u>$355,200</u>
Manufacturing margin <u>$384,800</u>
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b.Particulars Amount
Manufacturing margin $384,800
Less: Variable selling and administrative expenses <u>$81,400</u>
Contribution margin <u>$303,400</u>
c. Particulars Amount
Contribution margin $303,400
Less: Fixed costs <u>$162,800</u> ($118,400+$44,400)
Income from operations <u>$140,600</u>