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2 years ago

Fill in the blanks for each of the following independent cases.

Business

1 answer:

denis-greek [22]2 years ago

4 0

The correct form to fill the blanks of the following independent cases is:

Case Revenues variable Fixed Total operating contribution

cost cost cost income margin Contribution

a 2400 600 200 800 1600 75% 1800

b 2500 1400 200 1600 900 44% 1100

c 500 300 200 500 0 40% 200

d 1200 900 200 1100 100 25% 300

The below formulas should be used:

Contribution = Revenues - variable cost.

Contribution margin = contribution ÷ revenue.

Operating income = Revenue - total cost

Total cost = fixed cost + variable cost

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3 years ago

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3 years ago

Which of the following is the correct statement about fixed costs? The fixed cost per unit will decrease when volume increases.

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3 years ago

Which three activities are part of the function of accounting?

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The 3 activities which are part of the function of accounting includes:

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Classifying financial transactions
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In conclusion, the process of accounting helps to identifies, records, classifies and communicate the company's economic events to interested users.

Missing word includes "1. prioritizing financial transactions 2. classifying financial transactions 3. planning financial transactions 4. interpreting financial transactions 5. recording financial transactions"

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2 years ago