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3 years ago

Norton, Inc. has the following information available for September 2020.

Business

1 answer:

bulgar [2K]3 years ago

3 0

Answer: See explanation

Explanation:

a. Prepare a CVP income statement that shows both total and per unit amounts.

CVP INCOME STATEMENT

Per unit. Total

Sales (500 units). 400. 200,000

Variable expense 280 140,000

Contribution margin. 120 60,000

Fixed expense. 48,000

Net operating Income. 12,000

b. Compute Norton's breakeven in units.

Breakeven point = 48000 / 120 = 400

c. Prepare a CVP income statement for the break-even point that shows both total and per unit amounts.

CVP income statement for the break-even point

Per unit. Total

Sales (400 units). 400. 160,000

Variable expense 280 112,000

Contribution margin. 120 48000

Fixed expense. 48,000

Net operating Income. 0

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President Bigego is running for re-election against Senator Pander. Bigego proclaims that more people are working now than when

maks197457 [2]

Answer:

d. both of them could be telling the truth if the labor force grew faster than employment

Explanation:

The president claims that more people are working, this is a nominal approach, if 5000 people were working at the beginning of his term and now, which is ending it has 5001 people working his statement will be true.

The senator makes a more economic approach, while there are more people employement, we must remember than the labor force grows each day, as more kids finish their studies and jump right into the search of jobs.

So, both statement can be true, example

at beginning

600/6,000 = 10& unemployement

6,000 labor force - 600 unemployee = 5,400 working

leaving the office:

1,100/10,000 = 11% unemployement

10,000 labor force - 1,100 unemployee = 8,900 working

UNder this scenario, both are true.

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3 years ago

Miller, Inc. has 5,000 shares of 6%, $400 par value, cumulative preferred stock and 100,000 shares of $4 par value common stock

grin007 [14]

Answer:

$40,000

Explanation:

Calculation to determine the amount of dividends received by the common stockholders in 2017

First step is to calculate the preferred stock

Preferred stock=(5,000 shares*$400)*6%

Preferred stock=$2,000,000*6%

Preferred stock=$120,000

Now let calculate the amount of dividends received by the common stockholders in 2017

Dividend Received=($200,000-$120,000)/2

Dividend Received=$80,000/2

Dividend Received=$40,000

Therefore the amount of dividends received by the common stockholders in 2017 will be$40,000

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2 years ago

Suppose the demand function (D) for golf clubs is: Qequals150minus1.00P, where P is the price paid by consumers in dollars pe

nadya68 [22]

Answer:

P = $75 per club

n= 75,000 clubs

Explanation:

The demand and supply functions are:

$(D): Q=150-1.00P\\(S): Q=1.00P\\$

The equilibrium price is the price that yields a quantity demanded equal to the quantity supplied:

$150-1.00P=1.00P\\P=\frac{150}{2}\\P=\$75$

The number of units sold at that price is:

$n=1,000*(1.00*75)\\n=75,000\ units$

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3 years ago

A city government uses eminent domain to seize property for a new public high school complex. Which of the following statements

Evgesh-ka [11]

Answer:hi

Explanation:

The format for the equation of a circle is (x-h)^2+(y-k)^2=r^2, where (h,k) is your center and r is your radius. All we have to do is substitute the correct values, giving us the equation (x+2)^2+(y-1)^2=4

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2 years ago

Target profit is $100,000; fixed overhead costs are $120,000 and fixed selling and administrative costs are $50,000. If total va

vlada-n [284]

Answer:

40%

Explanation:

The markup percentage to the variable cost using the variable cost method can be obtained by dividing the addition of the target profit and total fixed cost by the total variable cost as follows:

Total fixed cost = Fixed overhead costs + Fixed selling and administrative costs = $120,000 + $50,00 = $170,000

The markup percentage to the variable cost = (Target profit + Total fixed cost) / Total variable cost = ($100,000 + $170,000) / $675,000 = $270,000 / $675,000 = 0.40, or 40%.

Therefore, the markup percentage to the variable cost using the variable cost method is 40%.

3 0

3 years ago