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3 years ago

Contribution Income Statement and Operating Leverage

Business

1 answer:

Serjik [45]3 years ago

8 0

Answer:

See below

Explanation:

Contribution income statement for the year ended, December 31, 2017

Sales ($90 per crate × 50,000 crates)

$4,500,000

Less:

Variable costs ($80 per crates × 50,000 crates)

($4,000,000)

Contribution margin

$500,000

Less:

Fixed costs

($280,000)

Net income

$220,000

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Assume the following information pertaining to Moonbeam Company:

Nana76 [90]

Answer:

d. Material Purchases = $ 169,000

Explanation:

Cost Of Goods Statement.

Beginning Direct Materials = $117,000

Add Material Purchases = $ 169,000

Less Ending Direct Materials = $130,000

Direct Materials Used = $156,000 ( given)

Direct Labor= $ 697,000

Factory Overhead = $199,000

Total Manufacturing Costs = $896,000

Beginning WIP Inventory = $85,000

Ending WIP Inventory = $104,000

Cost of Goods Manufactured= $ 1033,000

Beginning Finished Goods Inventory = $130,000

Ending Finished Goods Inventory = $124,000

Cost Of Goods Statement = $ 1039,000

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3 years ago

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brilliants [131]

Answer:

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Explanation:

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3 years ago

The ABC Auto Supply Company of Burlington, Vermont, uses an e-commerce software program on its Web site to allow customers such

elixir [45]

Answer:

The correct answer is letter "A": B2B.

Explanation:

In a B2B business model goods or services are traded between two or more businesses. Most parts of these transactions are dedicated to the exchange of raw materials. Customers are part of the process only when the final product is offered in the open market but not during the B2B business process.

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3 years ago

A researcher wants to test the order of integration of some time series data. He decides to use the DF test. He estimates a regr

pav-90 [236]

Answer:

a) H0: u = presence of a unit root

HA: u ≠ presence of a unit root ( i.e. stationary series )

b) t stat = -0.064

c) We will reject the Null hypothesis and the next step will be to accept the alternative hypothesis

d) It is not valid to compare the estimated t stat with the corresponding critical value because a random walk is non-stationary while the difference is stationary because it is white noise

Explanation:

a) stating the null and alternative hypothesis

H0: u = presence of a unit root

HA: u ≠ presence of a unit root ( i.e. stationary series )

b) performing the test

critical value = -2.88

T stat = coefficient / std error

= -0.02 / 0.31 = -0.064

c) From the test, the value of T stat > critical value we will reject the Null hypothesis hence the next step will be to accept the alternative hypothesis

d) It is not valid to compare the estimated t stat with the corresponding critical value because a random walk is non-stationary while the difference is stationary because it is white noise

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3 years ago

Outlines give you a chance to organize your thinking before determining word choice and sentence structure. Which of the followi

Leona [35]

Answer:

When making an outline, it is a good practice to:

Put the main idea in the title
Have one main topic that does not relate to the title
Strive for 3-5 major components
Move single sub point to larger groups
Allow sub points to overlap.
Combine sub points whenever possible

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3 years ago