1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
AveGali [126]
3 years ago
5

. Assume that the company produces and sells 45,000 units during the year at a selling price of $16 per unit. Prepare a contribu

tion format income statement for the year.
Business
1 answer:
zzz [600]3 years ago
3 0

Answer and Explanation:

The preparation of the contribution margin income statement for the year is presented below:

Sales (45,000 units × $16 per unit) $720,000

Less: variable cost (45,000 units × $180,000 ÷ 30,000 units) -$270,000

Contribution margin $450,000

Less: fixed cost -$300,000

Net operating income $150,000

You might be interested in
Chi-Ling thought it would be best to put Connor in charge of making decisions for the accounting team and Manami in charge of ma
Dmitry_Shevchenko [17]

The aspect of analyzing teamwork is Chi-Ling using is authority differentiation. Thus the option 3rd is correct.  

<h3 /><h3>What is Authority?</h3>

Authority refers to the power access by the individual or the government over the others. The authoritative person can make the decisions regarding the various sectors and make his subordinates to work in his accord.

The Chi ling has divided the work of the accounting and marketing between his employees and made the head of the  department. Thus this concept of analyzing the teamwork is known as authority differentiation.

The authority of the both the employees Connor and Manami is well defines they both will looking after their filed and are free to take decisions on their department.

Learn more about teamwork here:

brainly.com/question/18869410

#SPJ1

5 0
2 years ago
A process with no beginning work in process, completed and transferred out 85500 units during a period and had 49400 units in th
AlekseyPX

Answer:

C. 95380 equivalent units

Explanation:

Equivalent units is the term used for proportionately equally completed units. This is basically used for allocation of overheads.

Here, actually completed that is 100% complete units = 85,500 units

Further units under work in process = 49,400

Which are 20% complete.

This means that incomplete 49,400 units = 49,400 \times 20% = 9,880 units 100% complete

Thus, total equivalent units = 85,500 + 9,880 = 95,380 units.

8 0
3 years ago
Suppose a stock had an initial price of $57 per share, paid a dividend of $1.1 per share during the year, and had an ending shar
kolbaska11 [484]

Answer:

12.46%

Explanation:

Data provided

Dividend income = $1.1

Ending share per price = $63

Initial price = $57

The computation of the percentage total return is shown below:-

Total return = (Dividend income + (Ending share per price - Initial price)) ÷ Initial price

= ($1.1 + ($63 - $57)) ÷ 57

= ($1.1 + $6) ÷ 57

= $7.1 ÷ 57

= 0.12456

or 12.46%

6 0
3 years ago
On March 1, Lincoln sold merchandise on account to Amelia Company for $27,300, terms 1/10, net 45. On March 6, Amelia returns me
xenn [34]

Answer:

Explanation:

The journal entries are shown below:

Accounts receivable A/c Dr $27,300

              To Sales A/c $27,300

(Being goods are sold on credit)

Sales return and allowance A/c Dr $3,000

              To Accounts receivable $3,000

(Being sales return is recorded)

Cash A/c Dr                   $24,057

Sales Discount A/c Dr $243

     To  Accounts receivable    $24,300

(Being cash received recorded)

The computation of the account receivable  

= Credit sales - returned goods

= $27,300 - $3,000

= $24,300

And, the discount would be

= Accounts receivable × percentage given

= $24,300 × 1%

= $243

The remaining amount would be credited to the cash account.

8 0
3 years ago
A recent high school graduate is researching ways she can pay for her college education. She has received three small scholarshi
kkurt [141]

Answer:

C and D

Explanation:

My expertise is sucking d1ck #Po4n⭐4life

3 0
3 years ago
Other questions:
  • The number of jobs available in the U.S. economy is largely determined by the number of workers private firms choose to hire. In
    13·1 answer
  • Why does the government sometimes use no-bid contracts? A. to prevent fraud B. to allow for a balanced budget C. to protect nati
    6·1 answer
  • Complete the following sentence. ​If, as the price of orange juice decreases​, the quantity of grapefruit juice that people buy
    10·1 answer
  • Using policy to stabilize the economy The government has the ability to influence the level of output in the short run using mon
    13·1 answer
  • Which choice shows the stages of the business cycle in the correct order?
    9·2 answers
  • How is a command economy different from a mixed economy?
    13·1 answer
  • Suppose that each firm in a competitive industry has the following costs: Total Cost: TC=50+1/2q^2 Marginal Cost: MC=q where q i
    10·1 answer
  • Hailey, Inc., has sales of $19,650, costs of $9,380, depreciation expense of $2,050, and interest expense of $1,540. Assume the
    10·1 answer
  • You own a bond with a 6 percent coupon rate and a yield to call of 6.90 percent. the bond currently sells for $1,070. if the bon
    5·1 answer
  • A guidance counselor at a high school is working on a project to get more girls interested in the Science, Technology,
    13·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!