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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

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The following table shows the assets and liabilities of the Chang family in 2007 and 2008.
Aleks [24]

Answer:

d

Liabilities are what someone owes and assets are what someone owns and is worth something. The house is an asset and the car loan is a liability. According to the numbers provided the assets have an increase of $6,000 with +10,000 from the house and -4,000 from the car. And liabilities had a decrease of $25,500 with a -$29,000 from mortgage and car loans and a +3,500 from the savings account and debt. So assets increase and liabilities decrease. 

5 0
2 years ago
If the sender in a nonpersonal, paid promotion is identified, we define it as advertising. if the sender is not readily identifi
Ronch [10]
If the sender is not readily identified, we label it propaganda.
Usually, propaganda is used to advertise political causes, and to persuade you into believing that particular promotion. They want you to join them, and to follow their leader, which is why they are promoting their own causes, whilst not identifying themselves. 
4 0
3 years ago
Baker Corporation applies manufacturing overhead on the basis of direct labor-hours. At the beginning of the most recent year, t
Lana71 [14]

Answer:

Overhead rate is $30.4

So option (c) is correct option

Explanation:

We have given total estimated overhead = $85120

Estimated direct labor hours = 2800

Actual manufacturing overhead for the year = $86870

Actual labor hour = 2700

We have to find overhead rate for the year

Overhead rate is equal to the ratio of estimated overhead to estimated labor hour

Therefore overhead rate =\frac{85120}{2800}=30.4$

So option (c) is correct

3 0
3 years ago
Which payment method typically charges the highest interest rates? ACredit cards BCashier's checks CPre-paid cards DPayday loans
lord [1]
The answer is D. Payday Loans

Both credit cards and payday loans have a high interest rates, but payday loans seems a little bit higher

Credit Cards interest Rates in U.S : 7 - 36 %
Payday Loans : 12 - 30 %
6 0
4 years ago
Read 2 more answers
A U.S. manufacturing company operating a subsidiary in an LDC (less-developed country) shows the following results: U.S. LDC Sal
Eva8 [605]

Answer:

The partial labor and capital productivity figures for the parent and subsidiary is 5.03 units per hour, 1.37 units per hour and, 1.68 units per hour, 4.20 units per hour

Explanation:

The computation of the partial labor for the parent and subsidiary is calculated by applying the formula which is shown below:

= Sales ÷  Labor (hours)

For U.S = 100,080 units ÷  19,880 hours = 5.03 units per hour

For LDC = 20,500 units ÷  14,880  hours = 1.37 units per hour

The computation of the capital productivity for the parent and subsidiary is calculated by applying the formula which is shown below:

= Sales ÷ Capital equipment (hours)

For U.S = 100,080 units ÷  59,400 hours = 1.68 units per hour

For LDC = 20,500 units ÷  4,880  hours = 4.20 units per hour

7 0
3 years ago
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