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hichkok12 [17]
2 years ago
10

China Imports Inc. sold 10,000 units in May. Per unit selling price and variable expense were $23 and $15, respectively. Fixed e

xpense incurred for May totaled $55,000. Required: Prepare the May income statement for China Imports in the contribution margin format.
Business
1 answer:
borishaifa [10]2 years ago
6 0

Answer:

Net operating income= $25,000

Explanation:

Giving the following information:

Units sold= 10,000

Selling price= $23

Unitary variable cost= $15

Fixed costs= $55,000

<u>Contribution format income statement:</u>

Sales= 10,000*23= 230,000

Total variable cost= 10,000*15= (150,000)

Total contribution margin= 80,000

Fixed expense= (55,000)

Net operating income= 25,000

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Washington enterprises had a net income of $1,000,000, invested $150,000 in fixed assets, paid $50,000 in dividends, and took depreciation expense of $80,000 the free cash flow was $9,30,000

Free Cash Flow is the cash an agency generates after taking into account coins outflows that help its operations and maintain its capital assets. In different phrases, unfastened cash goes with the flow of the cash left over after an organization will pay for its running prices and capital fees.

To calculate free cash flow use the formula:

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Given,

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Free Cash Flow measures an organization's financial overall performance. It suggests the coins that a corporation can produce after deducting the purchase of property together with assets, devices, and different most important investments from its operating cash flow activities.

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