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3 years ago

An income statement for Sam's Bookstore for the first quarter of the year is presented below:

Business

1 answer:

Paladinen [302]3 years ago

5 0

Answer:

The contribution margin for Sam's Bookstore for the first quarter is $163,000.

Explanation:

The contribution margin is the sales minus total variable cost. This can be calculated as follows:

Units of books sold = Sales / Selling price per book = $900,000 / $60 = 15,000

Variable selling expenses = Units of books sold * Variable selling expenses per book = 15,000 * $5 = $75,000

Variable administrative expenses = Sales * 3% = $900,000 * 3% = $27,000

Total variable cost = Cost of goods sold + Variable selling expenses + Variable administrative expenses = $635,000 + $75,000 + $27,000 = $737,000

Contribution margin = Sales - Total variable cost = $900,000 - $737,000 = $163,000

Therefore, the contribution margin for Sam's Bookstore for the first quarter is $163,000.

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ADR purchases wood screws from a local representative. The local rep visits the shop once every 3 weeks (21 days). When he arriv

anygoal [31]

Answer: Attached below is the missing data related to your question

answer : 66 boxes

Explanation:

<u>Determine the number of boxes of screws that ADR should order </u>

we can determine the number of boxes by applying the relationship below

Q ( quantity of boxes ) = d ( T + L ) + SS - I ------ ( 1 )

where: d = 2 ( average daily demand )

T = 21 ( frequency of visit by local rep )

L = 4 ( lead time )

SS = 20 , I = 4

back to equation 1

Q = 2 ( 21 + 4 ) + 20 - 4

= 2 ( 25 ) + 16

= 50 + 16 = 66 boxes

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3 years ago

Question 18 :Project managers must balance three elements that compose the project triangle. You are a project manager who is ha

denpristay [2]

Answer: The project scope will increase

Explanation:

From the question, we are informed that there is a project manager who is halfway through a project and then his customer contacts him to say that he has been authorized to provide additional funds for the project.

This will most likely increase the project scope. The project scope simply means the work that is needed to be done in order for a particular project to be accomplished. Due to the increase in funds, it means that more work will be expected.

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3 years ago

Which of the following is not true of a budget

Anna71 [15]

I believe the answer is B

5 0

3 years ago

Read 2 more answers

Dilts Company has a unit selling price of $630, variable costs per unit of $380, and fixed costs of $335,000. Compute the break-

Rudik [331]

Answer:

Q= TFC/(SP-VC)

Break Even Point in Units = 1116.67 ≅1117

Explanation:

Dilts Company

Sales price $630,

Variable costs per unit $380,

Contribution Margin 300

Fixed costs $335,000

The Mathematical Equation

Q= No of units

Total Revenue= TR

Total Cost = TC

Total Fixed Costs= TFC

Variable Costs= VC

Sales Price = SP

Total Revenue= TR= Price Per unit * No Of units = SP * Q

Total Cost = TC = Total Fixed Costs + Variable Costs ( Number of Units)=

TC= TFC + VC*Q

Now according to break even the total revenue must equal the the total costs

TR= TC

SP*Q= TFC + VC*Q

On re arranging the above equation

SP*Q- VC*Q= TFC

Q(SP-VC)= TFC

Q= TFC/(SP-VC)

Number of Units=Total Fixed Costs/Sales Price- Variable Costs

b) Break Even Point in units = Fixed Costs/ Contribution Margin per unit

Break Even Point in units = Fixed Costs/ (Sales- Variable cost)

Break Even Point in Units = $335,000/ 300= 1116.67 ≅1117

5 0

3 years ago

On January 1, 2016, Jacob Inc. purchased a commercial truck for $48,000 and uses the straight-line depreciation method. The truc

Ganezh [65]

Answer:

D.Gain, $5,000.

Explanation:

Truck Value = $48,000

Annual depreciation = ( $48,000 - $8,000) / 8 = $40,000 / 8= $5,000

First year (2013) = $40,000 - $5,000 = $35,000

Second year (2014) = $35,000 - $5,000 = $30,000

Third year (2015)= $30,000 - $5,000 = $25,000

Gain = Sale Value - Truck Value (actual) = $30,000 - $25,000 = $5,000

8 0

3 years ago