What is the minimum requirement to enroll in an open college?

Miller Company’s contribution format income statement for the most recent month is shown below: Total Per Unit Sales (20,000 uni

Sloan [31]

Answer:

Answers are 1. $95.000 2. $42.500 3. $ 50.000 4. $59.600

Explanation:

In each case you have to replace the data with the given information

1 If unit sales increase 15%

Units price Total

Revenue 20,000.00 17.25 345,000.00

Variable Man 20,000.00 9.00 (180,000.00)

Contribution margin 20,000.00 8.25 165,000.00

Fixed expenses 20,000.00 3.50 (70,000.00)

Net income 95,000.00

2 If price decreases by $1.5 and units sold increases by 25%

Units price Total

Revenue 25,000.00 13.50 337,500.00

Variable Man 25,000.00 9.00 (225,000.00)

Contribution margin 25,000.00 4.50 112,500.00

Fixed expenses 25,000.00 2.80 (70,000.00)

Net income 42,500.00

3 If price increases by $1.5 and fixed expenses by $20.000

Units price Total

Revenue 20,000.00 16.50 330,000.00

Variable Man 20,000.00 9.00 (180,000.00)

Contribution margin 20,000.00 7.50 150,000.00

Fixed expenses 20,000.00 5.00 (100,000.00)

Net income 50,000.00

4 Units price Total

Revenue 18,000.00 16.80 302,400.00

Variable Man 18,000.00 9.60 (172,800.00)

Contribution margin 18,000.00 7.20 129,600.00

Fixed expenses 18,000.00 3.89 (70,000.00)

Net income 59,600.00

5 0

3 years ago

On March 1, Terrell & Associates provides legal services to Whole Grain Bakery regarding some recent food poisoning complain

zzz [600]

Answer:

March 1

Dr Notes Receivable $10,900

Cr Service Revenue $10,900

September 1

Dr Cash $11,390

Cr Notes Receivable $ 10,900

Cr Interest Revenue $490

Explanation:

March 1

Dr Notes Receivable $10,900

Cr Service Revenue $10,900

(Provide legal services and accept note)

September 1

Dr Cash $11,390

Cr Notes Receivable $ 10,900

Cr Interest Revenue $490

(Receive cash on note receivable and interest)

(Interest revenue = $10,900 x 9% x 6/12) =490.5

6 0

3 years ago

Give examples of how we do not recognize people as having these rights but make them conditional on success in the marketplace.

Helen [10]

Answer:

Thomas Edison

Explanation:

Thomas Edison early life was very normal. He was born in a poor family. His mother was a school teacher. Thomas Edison did not get recognition until he was successful in inventing the bulb. He did many experiment which failed and no one supported him during this era. He continued his hard work and finally his one of experiment became successful and he invented a bulb. The world then recognized his efforts and made him a hero. His recognition was only based on the success of his experiment and the marketplace.

3 0

2 years ago

In the short run a) a firm does not have sufficient time to change any of the resources it uses. b) a firm does not have suffici

timama [110]

Answer:

c) a firm does not have sufficient time to change the level of use some of its inputs.

Explanation:

The definition of short-run in economics is not a term to be used for a specific certain period of time but it means that the period of time is too short that the firms cannot change the level they are using of some of their inputs or costs. It means they do have fixed costs they cannot change. For example, all machinery installed, a yearly rent paid, electricity or others that the firm cannot change unless there is sufficient time. In a short period of time, it will have those costs anyway. The firm cannot change the level of that input. And it is short run of at least one input. It may be many. But it is not necessary to have all inputs unchanged to consider that period of time as short-run.

However, firms can change level of inputs if they have more time. That is cost the long run. All costs are variable costs when we are in long run.

3 0

3 years ago

$511,000 bond issue sold for $483,000. Therefore, the bonds: Multiple Choice Sold for the $511,000 face amount less $28,000 of a

Brrunno [24]

Answer: Sold at a discount because the market interest rate was higher than the stated rate. S

Explanation:

the bonds was Sold at a discount because the market interest rate was higher than the stated rate. This is as a result of the bonds issued which were at a discount having its market price way lower than its face value. Bonds tends to be sold at a discount when the market interest rate has exceeded the stated rate of the said bond.

6 0

3 years ago