Answer:
The contribution margin per unit for the 18-inch blade.
Break even in units = Fixed cost/Contribution per unit
= 85,000/11 (15-4)
= 7,728 unit (round off)
The contribution margin ratio of the 18-inch blade.
Total contribution margin (CM) is calculated by subtracting total variable costs TVC from total sales TSP. Contribution margin per unit equals sales price per unit SP minus variable costs per unit VC . It is used in calculating a break even point of a business. Contribution margin ratio tells us how much contribution towards fixed cost is generate by selling a unit.
CM ratio = $ 11/ $ 15 *100= 73.33%
(Variable cost = 15 -4 = 11 )
Contribution margin income statement for the month of January.
Sales $ 180,000
Variable cost ($ 48,000)
Gross profit $ 132,000
Fixed Cost ($ 85,000)
Net Profit $ 47,000
Answer:
a. Suppose a firm's total assets turnover ratio falls from 1.0 to 0.9, but at the same time its profit margin rises from 9% to 10% and its debt decreases from 60% of total assets to 40%. Under these conditions, the ROE will increase.
Explanation:
Asset turnover ratio of a firm is sales divided by total assets. If this ratio falls the revenue of the firm has declined, but since the profit margin has increased means company has made efforts to cut down its expenses and cost. If the debt has decreased then its equity portion will increase resulting in ROE to increase.
Sandy is currently 8 years old.
Start by using x for Sandy's current age and x + 5 for Megan's current age.
Since we know the above, we can find their age's as of 4 years ago as both of those minus 4. So Sandy 4 years ago was x - 4 years old and Megan was x + 1 years old.
Now we can set up an equation that shows that Megan's age 4 years ago was equal to Sandy's age 4 years ago times 3 minus 3.
x + 1 = 3(x - 4) - 3
x + 1 = 3x - 12 - 3
x + 1 = 3x - 15
x + 16 = 3x
16 = 2x
8 = x
Which is Sandy's current age.
Answer:
1.
Sept - 30
DR Cash <u>$6,300</u>
CR Sales <u>$6,000</u>
CR Sales Tax <u>$300</u>
(<em>To record Cash sales and Tax Payable)</em>
<u>Working</u>
Sales Tax = 6,000 * 5%
= <em>$300</em>
2.
Oct - 15
DR Sales Tax Payable <u>$300</u>
CR Cash <u>$300</u>
(<em>To record remittance of Sales Tax to the State Government</em>)
3.
Sept - 30
DR Cost of Goods Sold <u>$3,900</u>
CR Merchandise Inventory <u>$3,900</u>
(<em>To transfer inventory to Cost of Goods sold) </em>
4. <em>Repeat question for question 2.</em>
5. <em>Repeat question for question 1.</em>
Answer:
C. $125,550
Explanation:
Given that
At beginning = 7200unit at $12 each
During = 3000unit at $13
= 12000 unit at $13.50
Sold = 12900 unit.
Therefore, USING FIFO
Unit sold
= (7200 × 12) + (3000 × 13) + (2700 × 13.50)
= 86400 + 39000 + 36450
= $161850.
Thus, inventory remaining
= (12000 - 2700) × 13.50
= 9300 × 13.50
= $ 125,550
Ending inventory = $125,550