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dlinn [17]
3 years ago
15

Polarix is a retailer of ATVs (all-terrain vehicles) and accessories. An income statement for its Consumer ATV Department for th

e current year follows. ATVs sell for $4,000 each. Variable selling expenses are $230 per ATV. The remaining selling expenses are fixed. Administrative expenses are 70% variable and 30% fixed. The company does not manufacture its own ATVs; it purchases them from a supplier for $1,880 each.
POLARIX
Income Statement—Consumer ATV Department
For Year Ended December 31, 2017
Sales $619,200
Cost of goods sold 311,320
Gross margin 307,880
Operating expenses
Selling expenses $160,000
Administrative expenses 42,500 202,500
Net income $105,380
Required:
1. Prepare an income statement for this current year using the contribution margin format.
2. For each ATV sold during this year, what is the contribution toward covering fixed expenses and earning income?
Business
1 answer:
kompoz [17]3 years ago
4 0
What are you suppose to here ?
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Encouraging buyer feedback and focusing on creating value for the buyer are both key requirements for an effective _____. Group
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Answer:

<u>Sales Dialogue.</u>

Explanation:

Feedback is an important strategic tool for the sales area.

Encouraging the buyer to provide feedback is an effective sales dialogue strategy, which focuses on creating value for the buyer, as creating value for a customer is related to the customer's ability to exercise his opinion about the product or the purchasing process, in addition to feeling valued and improving the perception of the company, which values ​​the feedback of its customers.

In addition to creating value, feedback is a tool for correcting problems and processes resulting from a service or a product and service, which enables a company to correct possible errors found and improve the positive points observed in the analyzed feedbacks.

7 0
3 years ago
You manage a risky portfolio with an expected rate of return of 22% and a standard deviation of 35%. The T-bill rate is 6%. Your
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Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation  

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

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5 0
3 years ago
In the context of sports, with the recent proliferation of mobile devices and growing connectivity, many people have _____. Mult
CaHeK987 [17]

Answer:

gained the ability to produce and distribute sport content and commentary.

Explanation:

In the context of sports, with the recent proliferation of mobile devices and growing connectivity, many people have gained the ability to produce and distribute sport content and commentary.

4 0
3 years ago
Tenants in common vs joint tenants with rights of survivorship
kakasveta [241]

Answer:

When two or more people own community property like a home, either as joint tenants or tenants in common, each individual owns a share (or interest) of the entire property

Explanation:

SIMILARITY

When two or more people own community property like a home, either as joint tenants or tenants in common, each individual owns a share (or interest) of the entire property. This means that specific areas of the property are not owned by one individual, but rather shared as a whole.

DIFFERENCE

1. Ownership Interest  : Tenants in common may be created at different times; so an individual may <u>obtain an interest in the property years after the other individuals</u> have entered into a tenancy in common ownership BUT Joint tenants, on the other hand, must obtain<u> equal shares of the property with the same deed at the same time.</u>

2. Right of Survivorship  : <u>One of the main differences between the two types of shared ownership is that Joint tenants have right of survivorship and tenants in common do not</u>.

One of the main differences between the two types of shared ownership is what happens to the property when one of the owners dies.

In Joint Tenants the interest of a deceased owner automatically gets transferred to the remaining surviving owners but not the case in tenants in common.

<u> </u>

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8 0
3 years ago
Danny is considering a stock purchase. The stock pays constant annual dividends of ​$1.54 per share and is currently trading at
Ksenya-84 [330]

Answer:

No he should not buy this stock.

Explanation:

The stock pays a constant dividend thus it means it is a zero growth stock. The formula to calculate the fair price of a zero dividend growth stock is as follows,

  • P = D / k
  • Where D represents dividend
  • k represents required rate of return
  • P = 1.54 / 0.141 = 10.92

The fair price of the stock according to the Dividend discount model is 10.92 while the stock is trading at 21.27 which means that the stock is overpriced. So, it should not be purchased.

7 0
3 years ago
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