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3 years ago

13

WHY DOES BRAINLY HAVE IT CONVENIENTLY (FRAUDULENTLY) SETUP SO WE CANT CANCEL OUR MEMBERSHIP?? What a freaking joke!! IM REPORTIN

G THIS TO MY BANK.

1 answer:

Rzqust [24]3 years ago

6 0

I’m sure you could cancel your membership through your settings on your phone, can’t you?

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Puppy Co. reports the contribution margin income statement for 2020.

Oksi-84 [34.3K]

Answer: See explanation

Explanation:

a. Compute the company's degree of operating leverage for 2019.

This will be:

= Contribution / Pre tax income

= 432000 / 108000

= 4

b. If sales decrease by 5% in 2020, what will be the company's pretax income?

We should note that the degree of operating leverage is:

= % change in pre tax income / % change in sales

4 = % change in ore tax Income / 5%

% change in ore tax income = 5% × 4 = 20%

Company's pre-tax income will be:

= 108000 - (20% × 108000)

= 108000 - (0.2 × 108000)

= 108000 - 21600

= $86400

c. Assume sales for 2020 decrease by 5%. Prepare a contribution margin income statement for 2020.

Sales = 2160000 × 95% = 2160000 × 0.95 = 2052000

Less: Variable cost = 1728000 × 95% = 1728000 × 0.95 = 1641600

Contribution margin = 410,000

Less: Fixed cost = 324000

Pre tax net income= 86400

4 0

3 years ago

On January 1, 2019, Wildcat Company purchased $100,000 of 6% bonds at face value. The market rate of interest was 8% bonds of si

Travka [436]

Answer:

Part 1

<em>journal entry to record the investment in the bonds.</em>

Debit : Investment in Bonds $90,000

Credit : Cash $90,000

Part 2

<em>journal entry to record the first interest payment at the effective (market) rate.</em>

Debit : Investment in Bonds $7,200

Credit : Interest Income $7,200

Explanation:

The Summary of the Bond is :

FV = $100,000

PMT = ($100,000 x 6%) ÷ 2 = $3,000

I = 8 %

PV = - $90,000

P/YR = 2

N = ?

Using a Financial Calculator, the number of period payments to maturity N is 13.02.

Effective Interest = $90,000 x 8 % = $7,200

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3 years ago

3. The economic system that is found in a Socialistic political system is a: *

lara [203]

Answer:

Command Economy.

Explanation:

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4 years ago

When there is low competition, firms can use a price strategy to recover research and development costs and make as much profit

aliina [53]

When a market is experiencing low competition, firms can recover research and development costs by using a skimming price strategy.

<h3>What is a skimming price strategy?</h3>

This refers to when companies sell goods at a high price because there isn't much competition.

As other suppliers enter the market and the competition increases, the companies will then reduce their prices.

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2 years ago

Law firms sometimes ask their employees to pad their billable hours or charge customers for tasks they did not perform. this is

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There are times when law firms push their staff to increase their billable hours or bill clients for services they did not provide. An illustration of unethical behavior might be this.

<h3>What is unethical behaviour?</h3>

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2 years ago