- True or False: Professional shoplifters steal primarily for the excitement.

The following income statement is provided for Vargas, Inc. Sales revenue (2,500 units × $60 per unit) $ 150,000 Cost of goods s

Likurg_2 [28]

Answer:

The correct answer is 3.

Explanation:

According to the scenario, the computation of the given data are as follows:

Variable cost = Cost of goods sold (variable) + Supplies

= $50,000 + $10,000 = $60,000

Fixed cost = Cost of goods sold (fixed) + Administrative salaries + Depreciation

= $8,000 + $42,000 +$10,000 = $60,000

So, we can calculate the operating leverage by using following formula:

Operating leverage = Contribution margin ÷ Net operating income

Where, Contribution Margin = Sales revenue - Variable cost

= $150,000 - $60,000 = $90,000

And Net operating income = Contribution Margin - Fixed Cost

= $90,000 - $60,000 = $30,000

By putting the value, we get

Operating leverage = $90,000 ÷ $30,000

= 3

3 0

4 years ago

The contribution margin ratio is 25% for Crowne Company and the break-even point in sales is $260,000. If Crowne Company's targe

AlekseyPX

Answer:

sale is $4000

Explanation:

given data

margin ratio = 25%

sales = $260,000

operating profit = $66,000

solution

we get here Break even sales that is express as

Break even sales = Fixed expense ÷ Contribution Margin Ratio ...........1

put here value

$260,000 = Fixed Expenses ÷ 25%

Fixed Expenses = $65000

so here we consider sale is = x

we know net income is express as

Net Income = Contribution - Fixed Expenses ................2

so Contribution = 25% x

put value in equation 2

25% x - $65000 = $66,000

solve it we get

x = 4000

so sale is $4000

4 0

3 years ago

Suppose your friend’s employer will contribute to the account each year as part of the company’s profit sharing plan. In additio

Butoxors [25]

Answer:

$6618 annual payment

Explanation:

Employer's annual contribution = $1500 until trust fund distribution

trust fund distribution = $25000

years to trust fund distribution = 20 years

To calculate the amount she must deposit to make up the amount ( future required amount ) she will pay the difference between the required value and the contribution from her employer + trust fund distribution

future value = 1500 FVIFA(8%,30) + 2500 FVIFA( 8%,10)

= 169924( 1500*113.28) + 53973 = 223897

therefore the required total of what she should deposit = 973633 - 223897 = 749735

the amount she must deposit annually is calculated as

749735 ( total payment ) = annuity * FVIFA(8%,30 )

ANNUITY = 749735 / 113.28

= $6618

NOTE : FVIFA (8%,30) and FVIFA( 8%,10) values are gotten from the FVIFA table

8 0

3 years ago

Select the TWO True statements about the Selection of Distribution Channels:

sladkih [1.3K]

There are different kinds of distribution channels. The True statements about the Selection of Distribution Channels are:

Product price has no effect on the length of a distribution channel.

The geographic location of customers does not require different distribution channels

The channel of distribution are classified based on:

The Nature of the Product
The Nature of the market
The Nature of Middlemen
The nature and size of the manufacturing etc.

The channel of distribution is also known as marketing channel. They are simply known as different types of interdependent organizations that are engaged in the process of making a product or service available for use or consumption.

Learn more about Distribution channels from

brainly.com/question/25736500

7 0

3 years ago

A _______ is a small group of people with complementary skills who are committed to a common purpose, performance goals, and app

Zarrin [17]

Answer: Team

Explanation:

A team is made up of a small group of people with complementary skills who are committed to a common purpose, performance goals, and approach for which they hold themselves mutually accountable.

It should be noted that each employee in an organization should be ready and willing to be part of a team in the organization in order to achieve the organizational goals.

6 0

3 years ago