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soldier1979 [14.2K]

2 years ago

10

Martin Company currently produces and sells 35,000 units of product at a selling price of $13. The product has variable costs of

$7 per unit and fixed costs of $45,000. The company currently earns a total contribution margin of:

1 answer:

miss Akunina [59]2 years ago

8 0

Answer:

The company currently earns a total contribution margin of $ 20

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This information relates to Sunland Company for the year 2017. Retained earnings, January 1, 2017 $83,080 Advertising expense 2,

babymother [125]

Answer:

Net Income : $16.616

Retained Earnings: $92.256

Please see details below:

Explanation:

Income Statement 2017

Sales $71.920

Advertising Expenses -$2.232

Miscellaneous Expenses -$50.096

Utilities Expenses -$2.976

Net Income $16.616

Retained Earnings Report

Opening retained earnings $ 83.080

Add: Net Income $ 16.616

Subtotal $ 99.696

Less: Dividens -$ 7.440

Total $ 92.256

8 0

2 years ago

Dagny taggart has just purchased a home and taken out a $400,000 mortgage. The mortgage has a 30minus−year term with monthly pa

Sophie [7]

First we have to calculate the monthly payment on the mortgage which is calculated as =PMT(rate,nper,pv) in excel

Monthly payment = PMT(0.054/12,30*12,400000) = $2,246.12

To calculate the amount of principal for the first three months, we construct the amortization table as shown below:

Month Payment Interest Principal Outstanding

0 400000

1 $2,246.12 1800 $446.12 $3,99,553.88

2 $2,246.12 1797.992446 $448.13 $3,99,105.75

3 $2,246.12 1795.975857 $450.15 $3,98,655.60

Total Principal $1,344.40

The total amount of principal that dagny will pay during the first three months of her mortgage is closest to: $1,344.40

7 0

3 years ago

Archie Co. purchased a framing machine for $45,000 on January 1, 2021. The machine is expected to have a four-year life, with a

swat32

Answer:

depreciation for 2021 is $ 18,000

book value at December 31, 2021 is $ 27,000

Explanation:

Sum of Digits Method is a depreciation method that provides for higher depreciation to be charged early in the life of an asset with a lower depreciation in later years.

Sum of digits for the framing machine is calculated as follows :

Year Sum of Digits

1 4

2 3

3 2

4 1

Total 10

<u>Depreciation for 2021 is calculated as :</u>

= 4/10× $ 45,000

= 18,000

<u>Book value at December 31, 2021 is calculated as :</u>

=Cost - Accumulated Depreciation

=$45,000 - $ 18,000

=$ 27,000

4 0

3 years ago

Read 2 more answers

the market risk premium equals the question 37 options: risk-free rate of return plus the inflation rate market rate of return m

Novosadov [1.4K]

The Market Risk Premium (MRP) is the difference between the market portfolio's expected return and the risk-free rate.

<h3>What is market ?</h3>

A market is a place where buyers and sellers come together to facilitate the exchange and trading of goods and services.
A market place can be physical, like a retail store, or virtual, like an e-merchant.
Many of the other examples include illegal markets, auction markets, and financial markets.
The structure of the economic market can be divided into four categories: Perfect competition, monopoly competition, oligopoly, monopoly.
Categories differ in the following characteristics: The number of producers is large in monopoly competition, few in oligopoly, and he is one in monopoly.
Markets matter. Markets are the mechanisms through which shares of a company are bought and sold, providing companies with access to cash.
Markets are very important for pricing, liquidity transformation, and enabling businesses to meet customer needs.

To learn more about market from the given link :

brainly.com/question/25754149

#SPJ4

6 0

1 year ago

Bonds with a face amount $1,000,000, are sold at 96. The entry to record the issuance is

laiz [17]

Answer:

Option C is correct

Explanation:

The cash proceeds from the bond issuance is 96% of its face value i.e 96%*$1,000,000=$960,000

The discount on bonds payable=Face value-cash proceeds

The discount on bonds payable=$1,000,000-$960,000=$40,000

The appropriate entries would be to credit bonds payable with $1000,000 while cash and discount on bonds payable are debited with $960,000 and $40,000 respectively

8 0

3 years ago