Answer:
Explanation:
Rivera Co
Selling price $32
Less Variable costs $20
Contribution $12
Sales Volume 4,100 units
A.
Sales = $131,200
Variable costs = $82,000
Contribution = $49,200
Fixed costs = $43,200
Gross profit/ operating income = $6,000
B.
Break even.point (units)= fixed costs divided by contribution per unit
= 43,200 / 12
= 3,600 units
Break even point sales = Break even point (units) x unit selling price
= 3,600 x $32
= $115,200
C.
Sales = $131,200
Variable costs = $57,40
Contribution = $73,800
Fixed costs = $67,800
Gross profit/ operating income = $16,000
D.
Break even.point (units)= fixed costs divided by contribution per unit
= 67,800 / ($32 - $14)
= 3,767 units
Break even point sales = Break even point (units) x unit selling price
= 3,767 x $32
= $120,533
E.
Management should consider the project because Operating income increased by $10,000.
However it takes more sales effort to break even (additional 167units more)
The capital projects fund account for the 10 percent retainage as (B) II only.
<h3>
What is retainage?</h3>
- Retainage is a percentage of the agreed-upon contract price withheld until the work is substantially completed to ensure that the contractor or subcontractor will fulfill its responsibilities and complete a construction project.
- Retention is money kept back by one party in a contract as security for unfinished or defective work.
- Assume the contract is worth $20,000 and you're submitting a paid app after finishing 25% of the work.
- So you earned $5,000 during the pay period, but retainage is 5%. The current progress payment has been reduced by $250.
- As a result, the "Amount Due for this Request" will be $4,750.
So, in the given situation the capital projects fund account for the 10 percent retainage as (II) the credit for $400,000 to Contracts Payable-Retained Percentage, that is (B) II only.
Therefore, the capital projects fund account for the 10 percent retainage as (B) II only.
Know more about retainage here:
brainly.com/question/24101126
#SPJ4
The correct question is given below:
The capital projects fund of Hood River completed the construction of an addition to its city hall at a cost of $4,000,000. The city council approved payment of the amount due to the general contractor, less a 10 percent retainage. How should the capital projects fund account for the 10 percent retainage?
I. As a credit of $400,000 to Deferred Revenue-Retained Percentage
II. As the credit for $400,000 to Contracts Payable-Retained Percentage.
A. I only
B. II only
C. Either I or II
D. Neither I nor II
The company leaders make the decision of who will handle various public relations activities.
<h3>What are public relations?</h3>
Public relations specialists work to change how the general public views their clients' brands, reputations, or images. Unlike advertisers, public relations specialists convince for or earn good talk about their clients or organizations.
Public relations experts employ a variety of strategies to achieve their goals and uphold the organization's favorable reputation in the public eye. These strategies can all be employed as a component of an effective public relations plan even if they each have various uses and overlap. When necessary, a skilled, qualified PR expert will make use of all of them or a mix of them.
Learn more about public relations here:
brainly.com/question/20313749
#SPJ4
Answer:
Explanation:
U know what imma yeet out k bye
Supply and demand coordinate to determine prices by working together. Supply refers to meeting the demand of something. When a business has a supply of something, they are meeting the demand of what the consumer wants to purchase. Demand is the amount of something and how badly consumers want to purchase something. The demand lets a business know how much to supply.
