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3 years ago

Please hurry!

Business

1 answer:

Talja [164]3 years ago

8 0

Answer:

In finance, a loan is the lending of money by one or more individuals, organizations, or other entities to other individuals, organizations etc. The recipient incurs a debt and is usually liable to pay interest on that debt until it is repaid as well as to repay the principal amount borrowed.

Explanation:

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EA6.

fredd [130]

Answer:

1. Break-even in units is 150 units

2. Break-even in dollars is $60,000

3. Contribution Income Statement for 130 units

Marlin Motors

Income Statement

For the month ended November 30

Sales revenue (130 x 400) $52,000

Variable cost (130 x 160) (20,800)

Contribution margin $31,200

Fixed cost (36,000)

Loss $4,800

4. Units to sell is 350

5. Dollars sale is $140,000

6. Contribution Income Statement for $200,000 sales revenue

Marlin Motors

Income Statement

For the month ended February

Sales revenue (500 x 400) $200,000

Variable cost (500 x 160) (80,000)

Contribution margin $120,000

Fixed cost (36,000)

Profit $84,000

Explanation:

1. To compute the Break-even point in units,

Formula is BEP = total fixed cost / unit contribution margin

Step 1. Compute the unit contribution margin

Unit selling price $400

Less : variable cost 160

Unit contribution margin $240

Step 2. compute the unit break-even in units using the formula.

BEP = total fixed cost / unit contribution margin

BEP = $36,000 / 240

BEP = 150 units

2. To compute the Break-even point in dollars,

Formula is BES = total fixed cost / contribution margin ratio

Step 1. Compute the contribution margin ratio

Unit selling price $400

Less : variable cost 160

Unit contribution margin $240

So, $240 divided by $400 equals 60% (CMR)

Step 2. compute the unit break-even in dollars using the formula.

BEP = total fixed cost / contribution margin ratio

BEP = $36,000 / 60%

BEP = $60,000

3. To prepare the contribution margin income statement, we will multiply the units sold of 130 units by $400 unit selling price to get the sales revenue. Then multiply 130 units by $160 to get the variable cost. Further illustration below;

Sales revenue (130 x 400) $52,000

Variable cost (130 x 160) (20,800)

Contribution margin $31,200

Fixed cost (36,000)

Loss $4,800

4. To compute the units to sell to realize the target profit we will use the formula:

(Total fixed cost + Target profit )/ unit contribution margin

Step 1. Compute the unit contribution margin

Unit selling price $400

Less : variable cost 160

Unit contribution margin $240

Step 2. compute the units to sell using the formula.

(Total fixed cost + target profit) / unit contribution margin

($36,000 + $48,000) / 240

Answer is 350 units

5. To compute the sales in dollars to realize the target profit of $48,000,

Formula is (Total fixed cost + target profit) / contribution margin ratio

Step 1. Compute the contribution margin ratio

Unit selling price $400

Less : variable cost 160

Unit contribution margin $240

So, $240 divided by $400 equals 60% (CMR)

Step 2. compute the target sales in dollars using the formula.

(Total fixed cost + target profit) / contribution margin ratio

($36,000 + $48,000) / 60%

$84,000 / 60%

Answer is $140,000

6. Contribution Income Statement for $200,000 sales revenue. FIRST we must determine how many unit are sold to have that sales revenue. $200,000 sales revenue divided by unit selling price of $400 equals 500 units. To further illustrate, see presentation below.

$200,000 / $400 = 500 units

Marlin Motors

Income Statement

For the month ended February

Sales revenue (500 x 400) $200,000

Variable cost (500 x 160) (80,000)

Contribution margin $120,000

Fixed cost (36,000)

Profit $84,000

7 0

3 years ago

A company uses a periodic inventory system. The company had beginning inventory of 3 units that cost $5 each. During the month,

lesantik [10]

I believe it is C or D

7 0

3 years ago

The following information is available for Robstown Corporation for 20Y8:

miv72 [106K]

Answer:

Cost Of Goods Manufactured 363560

Explanation:

Robstown Corporation

Statement of Cost of Goods Manufactured.

For the year 20Y8:

Inventories January 1 Materials $77,600

Add Materials purchased 123,200

Less December 31 Materials $93,600

Materials Used $ 107,200

Direct labor 186,700

Factory Overhead 57360

Indirect labor 24,860

Heat, light, and power-factory 5,900

Depreciation expense-factory equipment 14,000

Rent expense-factory 6,375

Property taxes-factory 4,005

Supplies-factory 3,500

Miscellaneous costs-factory 4,620

Total Manufacturing Costs $ 351260

Add Work in process Beginning 109,000

Cost Of Goods Available for Manufacture 460260

Less Work in process Ending 96,700

Cost Of Goods Manufactured 363560

We add the Direct Material used Direct Labor And FOH to get the total manufacturing costs.

When we add the given figures according to the format of the Cost of Goods manufactured Statement we get the cost of goods manufactured.

The cost of goods sold statement is shown to show the difference between the cost of goods manufactured and cost of goods sold statement.

Robstown Corporation

Statement of Cost of Goods Sold.

For the year 20Y8:

Cost Of Goods Manufactured 363560

Finished goods Beginning 112,000

Cost Of Goods Available for Sale 475560

Finished goods Ending 109,900

Cost Of Goods Sold 365, 660

The income statement is given to show the difference between FOH items and Selling expenses.

Robstown Corporation

Income Statement .

For the year 20Y8:

Sales 862,000

Cost Of Goods Sold 365, 660

Gross Profit 496,340

Advertising expense $ 69,000

Depreciation expense-office equipment 23,000

Office salaries expense 75,800

Property taxes-office building 12,600

Sales salaries expense 135,000

Net Income $ 180940

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3 years ago

Pinpoint diagnostic laboratory has instituted new policies around misappropriation of assets, confidentiality of company informa

Marysya12 [62]

All the above policies may be found in Pinpoint Diagnostic Laboratory's Code of Ethics Manual.

<h3>What is a Code of Ethics Manual?</h3>

This refers to a code of conduct spelled out in black and white which every member of an organization must abide by. It is created to ensure the highest levels of professionalism, integrity, and honesty.

It guides the interactions of the employees with:

Other employees
Clients and
the Public

Please see the link below for more about the Code of Ethics Manual:

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2 years ago

As a person living in the United States you are a tax payer. What are two

Zinaida [17]

You get tax returns and sometimes the taxes go down

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3 years ago