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Svetach [21]
3 years ago
10

Sarratt Corporation's contribution margin ratio is 70% and its fixed monthly expenses are $38,000. Assume that the company's sal

es for May are expected to be $97,000. Required: Estimate the company's net operating income for May, assuming that the fixed monthly expenses do not change.
Business
1 answer:
Ahat [919]3 years ago
3 0

Answer:

The company's net operating income for May is $7,930

Explanation:

Sales revenue = $97,000

Variable costs

= $97,000 × (1 - 70%)

= $97,000 × 0.69

= $66,930

Fixed costs = $38,000

Therefore, net operating income = Sales - revenue - variable cost - fixed cost

= $97,000 - $66,930 - $38,000

= $7,930

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a semiannual interest of 3.5%. Any money he invests would have to be left in the fund for at least five years if he wanted to wi
Lemur [1.5K]

Answer:

Results are below.

Explanation:

Giving the following information:

The semiannual interest of 3.5%.

A) We need to calculate the nominal interest rate:

Nominal interest rate= 0.035/2= 0.0175

B) Real interest rate:

Real interest rate= (1.0175^2) - 1= 0.03531

It compounds interest twice a year. Therefore, is higher

C) Investment= $8,000

We will use the following formula:

FV= PV*(1+i)^n

n= 10

i= 0.175

PV= 8,000

FV= 8,000*(1.0175^10)

FV= $9,515.56

8 0
3 years ago
How old do you have to be to buy a lighter in texas
Maslowich

Answer:

hope it's help you ok have a good day

8 0
2 years ago
During February, $75,150 was paid to creditors on account, and purchases on account were $96,190. Assuming the February 28 balan
lidiya [134]

Answer:

$45,000

Explanation:

Given the above information, the account balance on February 1 is computed below;

Balance of account payable Feb 28 + Cash paid to creditors in February - Purchases on account

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= $45,000

Therefore, the account balance on February 1 is $45,000

5 0
2 years ago
Firms that spend the greatest percentage of their revenue on advertising tend to be firms that sell
Lisa [10]

Answer:

The correct answer is D

Explanation:

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So, the firm or business who spend the highest percentage of the revenue on advertising the product are the firms which sell the highly differentiated goods.

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Which of these outcomes become more likely for someone with strong personal finance skills? Check all that apply.
expeople1 [14]
There were no choices.

However, to give some points on people with strong finance skills can manage a financial standing. 

They would probably know when to spend or not depending on the cash, savings or earnings that they have. They can have estimations whether they are financially capable of every purchase.  One other thing is they know the difference between a want and a need so they are focused on the needs which are priorities. 
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3 years ago
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