Answer:
7.47 times
Explanation:
The computation of operating leverage is shown below:-
= (Sales - Variable costs) ÷ (Sales - Variable costs - Fixed costs)
= ($1,896,000 - $804,000 - $180,000) ÷ ($1,896,000 - $804,000 - $180,000 - $520,000 - $270,000)
= $912,000 ÷ $122,000
= 7.47 times
The (Sales - Variable costs) = Contribution margin
The (Sales - Variable costs - Fixed costs) = EBIT
The correct answer is 7.47 times.Therefore, the option is not available.
Answer:
b) $22, 326 and $16, 900
Explanation:
The computation is shown below:
Budgeted cash sales
July cash sales
= $15,000
August sales
= July sales + July cash sales × monthly increase
= $15,000 + $15,000 × 22%
= $15,000 + $3,300
= $18,300
September sales
= August sales + august sales × monthly increase
= $18,300 + $18,300 × 22%
= $18,300 + $4,026
= $22,326
Budgeted credit sales
July cash sales
= $10,000
August sales
= July sales + July cash sales × monthly increase
= $10,000 + $10,000 × 30%
= $10,000 + $3,000
= $13,000
September sales
= August sales + august sales × monthly increase
= $13,000 + $13,000 × 30%
= $13,000 + $3,900
= $16,900
Answer:
Explanation:
a. General Journal
1
Dr Cash $27,500
Cr Common Stock $27,500
2
Dr Merchandise Inventory $22,000
Cr Cash $22,000
3
Dr Cash $ 30,500
Sales $ 30,500
4
Dr Cost of goods sold $ 15,600
Merchandise Inventory $ 15,600
c)
Income Statement
For the year ended December 31,Year 1
Sales $ 30,500
Cost of good sold $ 15,600
Gross Margin $ 14,900
d)
Cash Flow from Operating Activities:
Purchase of Inventory ($22,000)
Cash Sales made $ 30,500
Cash Flow from Operating Activities $8,500
The Mike Douglas Show
The Mike Douglas show was a daytime variety and talk show on television hosted by Mike Douglas. It was initially only aired in Cleveland, Ohio, and then expanded to Philadelphia, and later on, nationwide. It has won the following Emmy Awards:
<span>1. Program and Individual Achievements in Daytime Programming – Individuals - for Mike Douglas in 1967
</span>
2. Outstanding Individual Director for a Daytime Variety Program - for Don Roy King in 1977 for the episode <span>"Mike in Hollywood with Ray Charles and Michel Legrand"
</span>
3. <span>Outstanding Individual Achievement in Daytime Programming - for David M. Clark in 1978
</span>
4. <span>Individual Achievement in Any Area of Creative Technical Crafts – Costume Designer - for Dayton Anderson in 1981 for the episode aired on February 9, 1981. </span>
