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aleksandr82 [10.1K]
2 years ago
9

TB MC Qu. 03-111 A manufacturer of cedar shingles...

Business
1 answer:
MakcuM [25]2 years ago
7 0

Answer:

A. 42%

Explanation:

Given the above information,

Contribution margin ratio = (Selling price - Unitary variable cost) / Selling price

Selling price = $2,122,200 / 262,000 = $8.1

Total variable cost = Variable manufacturing expense $975,200 + Variable selling and administrative expense $260,400 = $1,235,600

Unitary variable cost = $1,235,600 / 262,000 = $4.72

Contribution margin ratio = (8.1 - 4.72)/8.1 = 41.73% = 42%

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Cool Logos buys​ logo-imprinted merchandise and then sells it to university bookstores. Sales are expected to be $ 2 comma 003 c
Scrat [10]

Answer:

<u>Cost of Goods Sold Budget</u>

                                                  October             November      

Cost of Goods Sold                $1,568,000          $1,664,600    

<u>Inventory Budget</u>

                                                  October              November

Total                                         $752,920            $772,800

<u>Purchase Budget</u>

                                                 October                November

Budgeted Purchases           $2,259,320            $2,397,880

Explanation:

<u>Cost of Goods Sold Budget</u>

Gross Profit Margin = 30% therefore Markup is 70%

                                                  October             November       December  

Sales                                       $2,240,000         $2,378,000     $2,520,000

Cost of Goods Sold (70%)     $1,568,000          $1,664,600      $1,764, 000

<u>Inventory Budget</u>

                                                  October                       November

Base Amount                          $420,000                       $420,000

Based on Sales (20%)            $332,920                        $352,800

Total                                         $752,920                       $772,800

<u>Purchase Budget</u>

                                                               October                       November

Budgeted Sales                                    $2,240,000                $2,378,000

Add Budgeted Closing Inventory           $752,920                   $772,800

Total Purchases Needed                     $2,992,920                 $3,150,800

Less Budgeted Opening Inventory       ($733,600)                 ($752,920)

Budgeted Purchases                            $2,259,320                $2,397,880

September Closing Stock is October`s Opening Stock

Therefore September Closing Stock = $420,000 + $1,568,000 × 20%

                                                             = $733,600

6 0
3 years ago
You earn $50,000 per year, and paid 10 percent in taxes this year. The government increased the tax rate to 20 percent for next
AleksAgata [21]

Answer:

D. $10,000

Explanation:

The answer is D because as you earn $50,000 every year, and for the next year the tax rate is 20%, 20% of $50,000 is $10,000. Hope it helps!

8 0
3 years ago
Select the correct answer
arlik [135]
It is B. passive income
5 0
2 years ago
Read 2 more answers
David and Lilly Fernandez have determined their tax liability on their joint tax return to be $1,700. They have made prepayments
Snowcat [4.5K]

Answer:

-$1,800

Explanation:

Given that

Tax liability = $1,700

Prepayment made = $1,500

Child tax credit = $2,000

The computation of tax refund is given below:-

= Tax liability - (Prepayment made + Child tax credit)

= $1,700 - ($1,500 + $2,000)

= $1700 - $3500

= -$1,800

Therefore, from the above calculation simply we subtract tax liability from prepayment and child tax credit.

3 0
3 years ago
If businesses are producing at capacity, and the nation is experiencing almost full employment (a very low rate of unemployment
Ivanshal [37]

Answer:

The correct answer to the following question is D) interest rates would be increased  by the government when there is almost full employment in the economy.

Explanation:

When in the economy, business are producing close to productivity and in the nation there is almost full employment , then it can be said that the economy is booming . Which means there is good amount of money supply in the economy and people are spending robustly and that means the demand is high , which ultimately tells that the prices of goods and services are high.

So to cut the prices, government will increase the interest rate which will lead to the increase in cost of borrowing, and that will cause decrease in money supply and demand will ultimately fall, which leads to decrease in prices of goods and services.

3 0
3 years ago
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