All categories

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

You might be interested in

Which of the following is NOT a valid principle of bottleneck management?

Gekata [30.6K]

Answer: Option (B)

Explanation:

In project and production management, bottleneck is referred to as one of the process under chain of processes, so that reduced limited capacity tends to reduce capacity of whole chain. The result or outcome of having the bottleneck is the stalls in supply overstock, production, pressure from consumers and also the low employee morale.

8 0

3 years ago

Nancy and Joan bought a small farm for $300,000 under an installment land contract with a $50,000 down payment. They will pay in

KatRina [158]

Answer:

75,000

Explanation:

300,000-50,000 = 250000*6%*5

6 0

3 years ago

What is the maximum fine that the Real Estate Commission can impose for a violation of commission rules?

-Dominant- [34]

Answer:

varies depending on the state

Explanation:

For example, the Florida Real Estate Commission's (FREC) fines range from $250 to $5,000.

For first offenders, administrative fines range from $250 to $1,000, and the license can be suspended or revoked.

For repeat offenders, administrative fines range from $1,000 to $5,000, and the license can be suspended or revoked.

4 0

3 years ago

While viewing a webpage for outdoor gear, Phil noticed a graphic display advertising skateboards at low prices. When he clicked

AURORKA [14]

Answer: This is an example of<em><u> "paid display" </u></em>type of Internet advertising

Paid display or pay-per-click advertising, is an effortless, inexpensive way to compass the right masses.

Here, When Phil clicked on the ad, it took him to a different website where the skateboards were listed for sale. Thus targeting the right audience with right ad.

5 0

3 years ago

The House Subcommittee on Oversight and Investigations made its recommendations after looking into failures at each of the follo

zubka84 [21]

Answer:

The correct answer is ENRON.

Explanation:

Going back to December 2, 2001, is going back to one of the biggest scandals in economic history. That day, the energy company Enron declared bankruptcy. First global energy distributor, invoiced 100,000 million dollars annually.

Jeffrey Skilling, the mind behind accounting, did his last master move badly. Before the bankruptcy they were seen coming, he resigned his position alleging family reasons and sold the shares he had in the company. Four months later came bankruptcy. Supposedly, he didn't know anything about the critical situation of the company. He did not strain.

In 2004 he was charged with about thirty charges, including operating with confidential information, by selling about 60 million dollars in Enron shares before bankruptcy, deceiving the auditor or conspiracy.

7 0

3 years ago