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mixer [17]
3 years ago
7

GPB's contribution margin ratio is 85% ( or .85) and its fixed monthly expenses are $63,000. Assume that the cost structure of G

PB does not change.
Required:
Estimate of the company's net operating income in a month when sales are $103,000.
Business
1 answer:
KIM [24]3 years ago
7 0

Answer:

Net income= $24,550

Explanation:

The contribution margin ratio is <u>the result of deducting from sales all the variable costs, </u>expressed as a<u> percentage.</u>

<u></u>

<u>First, we need to calculate the total contribution margin:</u>

Total contribution margin= sales*contribution margin ratio

Total contribution margin= 103,000*0.85

Total contribution margin= $87,550

<u>Now, the net income:</u>

Net income= 87,550 - 63,000

Net income= $24,550

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As a junior congress person you have been asked to help promote a bill to allow casino gambling in your state. There is much opp
MariettaO [177]

Explanation:

I would promote the establishment of the Casino Gambling Bar in my state and plan my arguments for discussion on the following items:

Casino deserves to play in the State:

More collection of revenue in the form of tax for the administration.

Tourist inflows on weekends, which lead to additional state revenues.

Boost in other businesses, such as casinos, pubs, car parks, gas sales, beer sales and expanded road tax collection.

Improved prospects for jobs.

The increased income selection will create a tourist attraction for the state residents, such as the ocean or a lake.

The demerits I can list and probably face during the argument are:

Concerns of law and order: Night operations are improved and provisions for the Casino Licensing are complied with.

It can increase drug trafficking. Education shall be taken by the police and other law enforcement agencies.

Drug addicts can harm the state: police take care. drug addicts.

Nightlife can be achieved for neighboring residents. Credit shall be taken on night patrols.

Can increase the number of road accidents caused by drunk driving.

Case that Casino Gambling is not new to America. Any real and concrete ties to ill effects such as opined use, drug trafficking and other ill effects are only attributed to a gaming casino.

If all the negative effects expected or perceived by the law enforcement agency are tracked, all the negative effects may be entirely eradicated and savings can be gained from increased revenues by the state.

Discussions with all state machinery must be held before the property is transferred to the casino and the police office can also provide its guidance during this time.

5 0
3 years ago
54 is the same as p and 302 more
Allisa [31]

54 is the smallest number that can be written as the sum of 3 squares in 3 ways. 55 is the largest .... 171 has the same number of digits in Roman numerals as its cube. ... 223 is the smallest prime p which has more primitive roots below p/2 than above p/2. .... 302 is the number of ways to play the first 3 moves in Checkers

7 0
3 years ago
2. Sally Medavoy will invest $8,000 a year for 3 years in a fund that will earn 10% annual interest. If the first payment into t
ipn [44]

Answer: $10,746

Explanation:

Using Compound interest formula

A= p(1+r/n) *nt

A= final amount =?

P= initial principal =$8, 000

r = interest rate = 0.1

n= nob of times interest applied(3)

t=nob of times period elapsed (3)

A = 8,000 (1+0.1/3) *9

A = 8000 (3+0.1/3) *9

A= 8000 (3.1/3) *9

A = 8000 (1.0333) *9

A = 8000 × 1.34327

A= $10,746

5 0
3 years ago
On January 1, 2018, M Company granted 90,000 stock options to certain executives. The options are exercisable no sooner than Dec
horrorfan [7]

Answer:

$120,000

Explanation:

Calculation to determine What amount should M recognize as compensation expense for 2019

First step is to calculate the Value of the option using this formula

Value of the option = Stock options × Fair value of the options

Let plug in the formula

Value of the option=90,000*$5

Value of the option=$450,000

Now let determine compensation expense for 2019

2019 Compensation expense=[($450,000*(100%-10%))*2/3]-$450,000/3 years

2019 Compensation expense=[($450,000*90%)*2/3]-$150,000

2019 Compensation expense=($405,000*2/3)-$150,000

2019 Compensation expense=$270,000-$150,000

2019 Compensation expense=$120,000

Therefore The amount that M recognize should recognize as compensation expense for 2019 is $120,000

3 0
3 years ago
Which of the following is true? Group of answer choices An excise subsidy has only a substitution effect since the subsidy artif
Nadya [2.5K]

Answer:

An excise subsidy has only a substitution effect since the subsidy artificially lowers the price of the subsidized good causing the consumer to increase consumption of the good, but no income effect.

Explanation:

The above is true due to the fact that the consumption of goods increases. This could have been reduced had it been that, there was never any excise subsidy on those goods.

6 0
4 years ago
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