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horrorfan [7]
3 years ago
10

A cement manufacturer has supplied the following data:

Business
1 answer:
Vesnalui [34]3 years ago
8 0

Answer:

d. $2.10 per unit

Explanation:

Calculation for What is the company's unit contribution margin

First step is to calculate the Variable cost using this formula

Variable cost = Variable Manufacturing Expenses + Variable Selling & Administrative Expenses

Let plug in the formula

Variable cost = $297,000 + $165,000

Variable cost = $462,000

Second step is to calculate Total Contributiom Margin using this formula

Total Contributiom Margin=Sales – Variable Cost

Let plug in the formula

Total Contributiom Margin= $924,000 - $462,000

Total Contributiom Margin= $462,000

Now let calculate Unit Contribution Margin using this formula

Unit Contribution Margin= Total Contribution Margin/Total number produced and sold cement

Let plug in the formula

Unit Contribution Margin = $462,000 / 220,000 Unit Contribution Margin= $2.10 per unit

Therefore the Unit Contribution Margin will be $2.10 per unit

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<span>The supply and demand for any rooms varies from city to city. In the case for Detroit, a major breakdown in government and stability affected a large amount of real estate and business industry. With job loss there was no longer a need for people to rent apartments, which fueled the price cut as well as the demand for a 2-bedroom apartment.</span>
8 0
3 years ago
Previously a local charity received a $1 million gift, the income from which was restricted to support activities for senior cit
bonufazy [111]

Answer: $1 million

Explanation:

Permanently restricted net assets are the assets that are held by nonprofit organizations whereby the donors would have imposed some usage restrictions on such asset.

It should also b noted that permanent restrictions are also found when donors give out large sums of money to nonprofits. From the question, we are informed that local charity received a $1 million gift, the income from which was restricted to support activities for senior citizens.

Therefore, on its year-end statement of financial position, the charity would report permanently restricted net assets of $1 million.

4 0
3 years ago
A company's board of directors votes to declare a cash dividend of $1.00 per share on its 12,000 common shares outstanding. The
Studentka2010 [4]

Answer:

Debit Retained Earnings $12,000; credit Common Dividend Payable $12,000.

Explanation:

A cash dividend is the amount attributable to the common stockholders based on the company's performance. It is synonymous to their profit from common stock.

The cash dividend declared of $1.00 per share on its 12,000 common shares outstanding translated to $12,000 ($1.00 x 12,000 units). As at the time the company's board of directors voted to declare this cash dividend, an accrual has to be recorded in the books. And to achieve that, the above entries have to be recorded.

However, at the point of payment to the common stockholders, we have to <em>debit Common Dividend Payable and credit Cash.</em>

3 0
4 years ago
Ryan Terlecki organized a new Internet company, CapUniverse, Inc. The company specializes in baseball-type caps with logos print
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Answer:

a. (E) Common stock US$ 26 (credit) and (A) cash US$ 26 (debit)

b. (L) Loans payable US$ 64,000 (credit) and (A) cash US$ 64,000 (debit)

c. (E) Rental expenses US$ 1,100 (debit), (A)Rental paid in advance US$ 1,100 (debit) and (A)cash US$ 2,200

d. (A) Prepaid insurance US$ 1,800 (debit) and (A) cash US$ 1,800 (credit)

e. (A) Fixed Assets US $ 11,000 (debit), (A) cash US$ 2,600 (credit) and (L) accounts payable US$ 8,400 (credit)

f. (A) Inventory US$ 3,200 (debit) and (A) cash US$ 3,200 (credit).

g. (E) Advertisement expenses US$ 270 (debit) and (A) cash US$ 270 (credit)

h. (R) Sells US$ 1,700 (credit), (A)cash US$ 850 (debit) and (A) accounts receveible US$ 850 (debit). (E) Cost of sales US$ 900 (debit) and (A) Inventory US$ 900 (credit).

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j. (L) Income in advance US$ 230 (credit) and (A)cash US$230 (debit)

5 0
4 years ago
Magnira Corp. is an apparel company. After a slow start, it saw a steep rise in the number of its customers and a remarkable inc
ExtremeBDS [4]

Answer:

should switch to a new more aggressive type of marketing

Explanation:

Based on the information provided within the question it seems that Magnira Corp has a good product since it saw a huge rise in profits and customers. This being the case she should switch to a new more aggressive type of marketing in order to reach a wider audience and convince them that Magnira Corp's products are better than the competition's.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

8 0
3 years ago
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