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
Free_Kalibri [48]
3 years ago
5

For Sheridan Company, sales is $1200000, fixed expenses are $340000, and the contribution margin ratio is 36%. What is net incom

e?
Business
1 answer:
Maslowich3 years ago
7 0

Answer:

the net income is $92,000

Explanation:

The computation of the net income is shown below:

Net income = Contribution margin - fixed expenses

where,

Contribution margin is

= Sales × contribution margin ratio

= $1,200,000 × 36%

= $432,000

And, the fixed expenses is $340,000

So, the net income is

= $432,000 - $340,000

= $92,000

hence, the net income is $92,000

You might be interested in
The previous value of a portfolio that must be regained before a hedge fund can charge their investors performance fees is known
Margarita [4]

Answer:

high watermark

Explanation:

A high watermark refers to the mark at which the investment could be reached at a high peak. It to be calculated on that date when the performance fees are charged and it could be charged only on that case when there is a rise in the value of the portfolio

Moreover,  in the high watermarks there is no need to pay the performance based fee when there is a poor performance

Therefore the given situation represent the high watermark

4 0
3 years ago
Country Able and Country Baker initially have the same real GDP per capita. Country Able experiences no economic growth, while C
muminat

Answer:

The correctt answer that fills the gap is Double.

Explanation:

GDP per capita, income per capita or income per capita is an economic indicator that measures the relationship between the level of income of a country and its population. For this, the Gross Domestic Product (GDP) of said territory is divided by the number of inhabitants.

The use of per capita income as an indicator of wealth or economic stability of a territory makes sense because through its calculation, national income is interrelated (through GDP in a specific period) and the inhabitants of this place.

The objective of GDP per capita is to obtain data that shows in some way the level of wealth or welfare of that territory at a given time. It is often used as a measure of comparison between different countries, to show differences in economic conditions.

4 0
3 years ago
If the price of a pencil is $1.00 and the price of a pen is $2.00, what is the relative price? If the pencil is $1.50 and the pe
Rudiy27
1) the relative price would be about $1.50 I think
2)  $2.00
3 $1.00
If these are wrong let me know please =) sorry if they are
3 0
3 years ago
Explain two situations where scarcity effects you
s344n2d4d5 [400]
When I got into a crash ig
4 0
3 years ago
Read 2 more answers
Mr. C made the following gifts: $12,000 to a university to pay tuition costs for his niece. An undeveloped tract of land to his
Nonamiya [84]

Answer:

$10,000

Explanation:

Gifts are only taxed when their fair market value is higher than $15,000. Any gifts made to your spouse are not taxable. Gift taxes are calculated on a  per person base, as long as they do not exceed the lifetime exemption (which is $11.58 million).

The tuition costs of her niece are not taxable since they are less than $12,000. The stocks given to his wife are not taxable either. The only taxable gift is the land given to his sister which had a FMV of $25,000. The taxable amount = $25,000 - $15,000 = $10,000

5 0
3 years ago
Other questions:
  • Many firms develop ____ to answer the question: who is your target market?
    10·1 answer
  • Which of the following is NOT considered a key characteristic of a core capability: a. It is based on factors that are rare or u
    7·1 answer
  • Paul consumes only books and DVDs. At his current consumption​ bundle, his marginal utility from DVDs is 23 and from books is 5.
    5·1 answer
  • Production used 2.5 labor hours per finished unit, and the company actually paid $21 per hour, totaling $52.50 per unit of finis
    5·1 answer
  • Vicenzo is the sole owner and manager of a startup company. As the business grows, he finds it more difficult to fulfill the nee
    15·1 answer
  • Luebke Incorporated has provided the following data for the month of November. The balance in the Finished Goods inventory accou
    12·1 answer
  • Suppose that an issuing bank pays on documents that are conforming to the requirements of the letter of credit, but the seller h
    15·1 answer
  • Excerpts from Dowling Company's December 31, 2021 and 2020, financial statements and key ratios are presented below (all numbers
    9·1 answer
  • In this section you will name the functions of the Machine. Function: Winds on bobbin, for lower thread. Function: Holds the spo
    11·1 answer
  • Tactical managers are often referred to as _____ managers
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!