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lisabon 2012 [21]

3 years ago

14

The following selected data relates to Green with Envy Corporation Total Fixed Costs: $25,000 Selling Price Per Unit: $30.00 Var

iable Costs Per Unit: $24.00 Assuming 9,400 units are sold, what is the contribution margin

1 answer:

Ira Lisetskai [31]3 years ago

8 0

Answer:

4167

Explanation:

Contribution margin = fixed cost / (sales price per unit - variable cost per unit

$25,000 / ($30 - $24) = 4167.

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Answer:

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Explanation:

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madreJ [45]

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The profit and loss statement of Kitsch Ltd., an S corporation, shows $100,000 book income. Kitsch is owned equally by four shar

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Answer:

$82000
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$750
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Explanation:

with the information provided

A) how the entity's non separately stated income is $82000

to calculate the non separately stated income

(Total long term stated income) - (total short term stated income)

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long term capital loss/gain = $6000

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Number of shareholder = 4

non separately stated income = $82000

non separately stated income / number of shareholder = 82000 / 4 =$20500

C)

Tax exempt income = $3000

number of share holders = 4

hence Billings' share of tax exempt interest income = tax exempt income / number of share holders

= $3000 / 4 = $750

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