1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
wolverine [178]
2 years ago
14

Tubaugh Corporation has two major business segments--East and West. In December, the East business segment had sales revenues of

$260,000, variable expenses of $145,000, and traceable fixed expenses of $33,000. During the same month, the West business segment had sales revenues of $930,000, variable expenses of $488,000, and traceable fixed expenses of $177,000. The common fixed expenses totaled $262,000 and were allocated as follows: $131,000 to the East business segment and $131,000 to the West business segment.
The contribution margin of the West business segment is:
Business
1 answer:
Verizon [17]2 years ago
4 0

Answer:

=$422,000

Explanation:

As per the contribution margin concept, the contribution margin per unit is equal to the selling price per unit minus variable costs.

Therefore, the total contribution margin is the sales minus variable costs.

The contribution margin for the west will be sales($930,000) minus variable cost($488,000)

=$930 ,000 - $488,000

=$422,000

You might be interested in
Speical Order Soni, LTD produces wall mounts for flat panel television sets. The forecasted income statement for 2017 is as foll
tino4ka555 [31]

Answer:

Explanation:  

8 0
3 years ago
The following balance sheet for the Los Gatos Corporation was prepared by a recently hired accountant. In reviewing the statemen
babunello [35]

Required:

Prepare a corrected, classified balance sheet. (Amounts to be deducted should be indicated by a minus sign.)

Answer:

LOS GATOS CORPORATION Balance Sheet At December 31, 2018

Assets:

Current Assets:

Cash                                             $ 25,000

Bond Sinking Fund                         25,000

Accounts receivable       70,000

Allowance for

 uncollectible accounts -10,000  60,000

Inventories                                     60,000

Total Current Assets                                   $170,000

Non-current Assets:

Machinery                200,000

less accumulated

 depreciation           -75,000    125,000

Franchise (net)                            35,000

Notes Receivable                       25,000

Total Non-current assets                          $185,000

Total assets                                              $355,000

Liabilities and Shareholders’ Equity

Current Liabilities:

Accounts payable           $ 60,000

Note payable                     55,000

Interest on Notes Payable 10,000          $125,000

Bonds payable                                            115,000

Shareholders’ equity:

Authorized 200,000 share

Issued at no par               75,000

Retained Earnings           40,000              115,000

Total liabilities & shareholders’ equity $355,000

Explanation:

a) Adjustments:

1. Cash Balance:

As per question      $50,000

Bonds Sinking Fund 25,000

Balance                   $25,000

2. Accounts Receivable:

As per question    $95,000

Notes Receivable   25,000

Balance                 $70,000

3. Notes Payable:

As per question $65,000

Accrued interest   10,000

Balance              $55,000

4. Retained Earnings = $40,000

5. The corrected and reclassified balance sheet shows the total current assets, liabilities, and the Retained Earnings.

8 0
3 years ago
On December 1, Flint Electronics has three DVD players left in stock. All are identical, all are priced to sell at $77. One of t
faust18 [17]

Answer: $90

Explanation: closing stock as at November ending is 3, consisting of:

1 DVD bought on 1st June @ $47

1 DVD bought on 1st Nov @ $43

1 DVD bought on 30th Nov @ $36

using FIFO (First in first Out) inventory method, 2 of the DVD was sold as at the end of December.

Cost of goods sold in the month of December is $47 +$43 = $90

4 0
2 years ago
Economists sometimes give conflicting advice because
Nataly [62]
B. Economists have different values and scientific judgment. Economists exercise both subjective and objective judgments about data that they collect and observations that they make. These values and judgments differ among economists which can affect their advice or opinions, sometimes leading to conflicting advice. 
5 0
3 years ago
When the sales of a certain brand of diet soda slowed, a national grocery retailer decided to drop the price of that product, wh
Zigmanuir [339]
I don’t know ??vvvvv
3 0
3 years ago
Other questions:
  • Craig, a sales manager, has been asked to explain the under performance of his team in the previous financial year. Instead of u
    12·1 answer
  • At the stage, the product reaches its highest point of demand and sales
    14·1 answer
  • When creditors make a decision about approving an individual for a credit card, they consider an individual’s _____.?
    15·1 answer
  • A stock can split and add additional shares as specified per existing share OR a stock can reverse split and decrease the number
    5·2 answers
  • Manero Company included the following information in its annual report: 20X3 20X2 20X1 Sales$178,400 $162,500 $155,500 Cost of g
    6·1 answer
  • An organization wants to provide its employees information about what its goals are and what it expects employees to accomplish.
    5·1 answer
  • First Class, Inc., expects to sell 28,000 pool cues for $14 each. Direct materials costs are $3, direct manufacturing labor is $
    7·1 answer
  • Lily Products Company is considering an investment in one of two new product lines. The investment required for either product l
    8·1 answer
  • For each of the following transactions, indicate whether it represents an increase in the U.S. gross domestic product (GDP), and
    11·1 answer
  • Hii. Look at the pic plz.
    11·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!