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goblinko [34]
3 years ago
14

Rovinsky Corporation, a company that produces and sells a single product, has provided its contribution format income statement

for November. Sales (7,600 units) $ 387,600 Variable expenses 235,600 Contribution margin 152,000 Fixed expenses 103,500 Net operating income $ 48,500 If the company sells 7,500 units, its net operating income should be closest to: (Do not round intermediate calculations.) Multiple Choice $44,000 $46,500 $47,979 $48,500
Business
1 answer:
matrenka [14]3 years ago
8 0

Answer:

Net operating income= 46,500

Explanation:

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

Unitary contribution margin= 152,000 / 7,600

Unitary contribution margin= $20

Now, the net income for 7,500 units:

Total contribution margin= 20*7,500= 150,000

Fixed expenses= (103,500)

Net operating income= 46,500

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Answer:

Beliefs

Explanation:

Belief define how a  consumer perceives performance of a product or a brand. It plays a vital role since it can either be either positive or negative. towards an object. The strength of the belief is weighted by the evaluation of the perceived attributes of the product. This influences whether consumers will choose to buy the goods and services or not. It is therefore important for marketers to understand this and come up with strategies to make sure their brand or products fully meet customers' expectations and needs.

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4 years ago
What role does profit play in a mixed market economy
noname [10]

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A mixed economy has three of the followingcharacteristics of a market economy.

8 0
3 years ago
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Which of the following is included in the normal journal entry to record the collection of accounts receivable previously writte
dlinn [17]

Answer:

Debit Accounts Receivable, credit Allowance for Doubtful Accounts.

Explanation:

To record the collection of accounts receivable previously written off when using the allowance method, the first step is  to debit Accounts Receivable, and then credit Allowance for Doubtful Accounts. This purpose of this to reverse the already written off amount.

The next step after that is to complete the entries by debiting Cash, and crediting the Accounts Receivable to record the cash collection in respect of previously written off accounts receivable.

8 0
4 years ago
When the dollar is worth less in relation to currencies of other countries, are you more likely to buy american-made or foreign-
MArishka [77]

When the dollar is worth less in relation to currencies of other countries,  you are more likely to purchase American-made product.

<h3>How currencies are valued ?</h3>

Collective supply and demand determine the value of a currency. Numerous variables, such as interest rates, inflation, capital flows, and money supply, have an impact on supply and demand. Currency is most frequently valued using exchange rates.

<h3>What makes a currency more valuable?</h3>

When there is a high demand for a currency, it will appreciate in value. Conversely, when there is a low demand for a currency, it will depreciate in value.

A controlled floating exchange rate is what determines the current exchange rates between nations. With a managed floating exchange rate, each currency's value is influenced by the policies taken by its central bank or government in terms of the economy.

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7 0
2 years ago
Waterway Industries records purchases at net amounts. On May 5 Waterway purchased merchandise on account, $82000, terms 2/10, n/
worty [1.4K]

Answer:

$1,500

Explanation:

The computation of the amount adjusted on May 31 is shown below:

= (Purchase value of the merchandise - returned goods) × discount rate

= ($82,000 - $7,000) × 2%

= $1,500

The terms 2/10, n/30 represent the 2% discount is given if the payment is made within 10 days and the net days provided is 30 days

So, the amount adjusted is $1,500

5 0
3 years ago
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