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Ne4ueva [31]
3 years ago
10

The following information is available for Masun Company: Sales $550,000 Total fixed expenses $150,000 Cost of goods sold 390,00

0 Total variable expenses $370,000 A CVP income statement would report:
Business
1 answer:
Kay [80]3 years ago
8 0

Answer:

$180,000

Explanation:

The computation of CVP income statement is shown below:-

                           CVP Income statement

Sales $550,000

Variable cost $370,000

Contribution margin $180,000

Fixed cost $150,000

Operating Profit $50,000

Therefore for computing the contribution margin we simply deduct the variable cost from sales and fixed cost to arrive the operating profit

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ella [17]

Answer:

c. $500,000.

Explanation:

Market Corporation has a basis in the land of $500,000.

We are told in the question that ''Market Corporation completely liquidates Subsidiary​ Corporation, receiving land with a​ $400,000 adjusted basis and a​ $500,000 Fair Market Value''

In the event of liquidation the value of an asset is no longer its carrying amount or book value but rather the amount at which the asset can be disposed which is the fair market value.

3 0
3 years ago
An blank is a statement used to communicate ones feelings in a nonconfrontational manner.​
Vaselesa [24]

Answer:

An art

Explanation:

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3 0
3 years ago
At the high level of activity in November, 12000 machine hours were run and power costs were $20000. In April, a month of low ac
Salsk061 [2.6K]

Answer:

$6,500

Explanation:

For computing the estimated fixed cost, we have to determine the variable cost per hour which is shown below:

Variable cost per hour = (High power cost - low power cost) ÷ (High machine hours - low machine hours)

= ($20,000 - $11,000) ÷ (12,000 hours - 4,000 hours)

= $9,000 ÷ 8,000 hours

= $1.125

Now the fixed cost equal to

= High power cost - (High machine hours × Variable cost per hour)

= $20,000 - (12,000 hours × $1.125)

= $20,000 - $13,500

= $6,500

4 0
3 years ago
Peng Company is considering an investment expected to generate an average net income after taxes of $3,300 for three years.
nikdorinn [45]

Answer:

3482.12

Explanation:

Net present value is the present value of after-tax cash flows from an investment less the amount invested.  

NPV can be calculated using a financial calculator  

Cash flow = net income + depreciation = 16,200 + 3300 = 35,700

($56,100 - $7500) / 3 = 16,200

Cash flow in year 0 = 56,100

cash flow in year 1 and 2 = 35700

cash flow in year 3 = 35,700 + 7500

i = 5%

NPV =

3 0
3 years ago
Market pressures tend to move prices toward a(n) _____. price that causes shortages price that causes surpluses equilibrium pric
torisob [31]
Equilibrium would be the answer
8 0
3 years ago
Read 2 more answers
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