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3 years ago

Weidner Company sells 22,000 units at $30 per unit. Variable costs are $24 per unit, and fixed costs are $40,000.

Business

1 answer:

Tanzania [10]3 years ago

8 0

Answer:

See below

Explanation:

a. Contribution margin ratio

= (Unit price - Variable cost per unit) / Unit price

Unit price = $30 per unit

Variable cost per unit = $24 per unit

Therefore,

Contribution margin ratio = ($30 - $24) / $30

Contribution margin = $0.2

b. Unit contribution margin

= Selling price unit - Variable cost per unit

Selling price per unit = $30 per unit

Variable cost per unit = $24

Therefore,

Unit contribution margin = $30 - $24

Unit contribution margin = $6

c. Income from operations

Sales (22,000 units at $30)

$660,000

Less:

Variable cost (22,000 units at $24)

$528,000

Contribution margin

$132,000

Less:

Fixed costs

($40,000)

Net income

$92,000

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High Step Shoes had annual revenues of $192,000, expenses of $107,200, and dividends of $20,800 during the current year. The ret

zhannawk [14.2K]

Answer:

Debit Income Summary $84,800, Credit High Step Shoes, Capital $84,800

Explanation:

Preparation of what The entry to close the Income Summary account at the end of the year, after revenue and expense accounts have been closed, is:

Debit Income Summary $84,800

Credit High Step Shoes, Capital $84,800

($192,000-$107,200)

(To close the Income Summary account )

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3 years ago

Suppose you invest $20,000 of your own money in a business as a sole proprietor, and then borrow an additional $10,000 from a ba

vichka [17]

Answer:

The correct answer is $30,000.

Explanation:

According to the scenario, the given data are as follows:

Own investment = $20,000

Debt from bank = $10,000

As the business is sole proprietor, there is unlimited liability of the loss whether it is own investment or borrowed from a bank.

So, the total loss can be calculated as:

Total loss = Own investment + Debt from bank

= $20,000 + $10,000

= $30,000

Hence, the total loss is $30,000.

6 0

4 years ago

Which of the following terms refers to the process individuals or groups go through to select, purchase, use, and dispose of

KATRIN_1 [288]

Answer:

The correct answer is E

Explanation:

Consumer behavior is the term which is defined as the study of how the individual consumers, organization or the groups use, dispose, select and buy the goods and the services in order to satisfy the wants and the desires.

In short, it refers to the consumers actions in the market place and the motives or the goals for those actions.

Therefore, the correct answer is the consumer behavior.

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3 years ago

Ruger Corporation incurred the following general factory costs during April:utilities (heat, water, and power)...$21,000Rent on

Alex777 [14]

Answer:

(Dr.) Utilities Expense - 21,000

(Dr.) Rent Expense - Factory Equipment - 16,000

(Dr.) Miscellaneous Expenses - 3,000

(Cr.) Cash - 40,000

Explanation:

Just simply record all expenses paid by recording it at the debit side.

The utilities expenses amounting to 21,000, for the rent expense amounting to 16,000 and for the miscellaneous expenses amounting to 3,000 will be posted.

Then record the total cash paid of 40,000 at the credit side.

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4 years ago

Maria, a senior product manager at Impasse Software, recently retired. Since sales of Maria's primary products have been declini

sp2606 [1]

Answer:

Attrition

Explanation:

The right answer to the question is attrition and what is attrition in business sense: is simply means a situation where organization staff strength gradually and deliberately reduces as employees retire or resign and are not replaced.

So in this case Maria retire and nobody was hired to replace her position in the company and again all her subordinates were reassigned to other departments. It is also worth noting that attrition could also be a way of a company is losing her customer base as a result of other factors

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4 years ago