Answer:

Explanation:
<em><u>H</u></em><em><u>o</u></em><em><u>p</u></em><em><u>e</u></em><em><u> </u></em><em><u>i</u></em><em><u>t</u></em><em><u> </u></em><em><u>w</u></em><em><u>o</u></em><em><u>r</u></em><em><u>k</u></em><em><u>s</u></em><em><u> </u></em><em><u>o</u></em><em><u>u</u></em><em><u>t</u></em><em><u> </u></em><em><u>!</u></em><em><u>!</u></em><em><u>!</u></em>
Answer:
c. $36,070
Explanation:
contribution margin ratio is the ratio of the contribution to sales of an entity for a given period.
contribution margin ratio= contribution/sales
where contribution is the difference between sales and the variable cost
Given;
sales = $137,000
contribution margin ratio = 61% = 0.61
0.61 = contribution/$137,000
contribution = $137,000 × 0.61
= $83,570
Net operating income is the difference between the contribution and the fixed cost.
Fixed cost = $47,500
Net operating income = $83,570 - $47,500
= $36,070
Have less information than used car sellers
Answer:
Direct Labor Equivalent unit cost : $5,415463
Explanation:
![\left[\begin{array}{ccccc}\\ &$Units to be assigned costs:&&Equivalent Units&\\&&$Whole Units&Materials&Conversion\\&$Beginning&35000&35000&17500\\&$Started and completed&71000&71000&71000\\&$transferred&106000&106000&106000\\&$ending&39000&39000&11700\\&$Total units to be assigned costs&145000&145000&117700\\\end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bccccc%7D%5C%5C%09%26%24Units%20to%20be%20assigned%20costs%3A%26%26Equivalent%20Units%26%5C%5C%26%26%24Whole%20Units%26Materials%26Conversion%5C%5C%26%24Beginning%2635000%2635000%2617500%5C%5C%26%24Started%20and%20completed%2671000%2671000%2671000%5C%5C%26%24transferred%26106000%26106000%26106000%5C%5C%26%24ending%2639000%2639000%2611700%5C%5C%26%24Total%20units%20to%20be%20assigned%20costs%26145000%26145000%26117700%5C%5C%5Cend%7Barray%7D%5Cright%5D)
<u><em>Transferred units:</em></u>
beginning + started - ending = transferred
35,000 + 71,000 - 39,000 = 71,000
Labor cost: 581,000 + 56,400 = 637,400
equivalent units for conversion: 117,700
(trasnferrred + percentage of completion ending WIP)
<em><u>Equivalent unit cost:</u></em>
637,400 / 117,700 = 5,415463
The ability to meet short-term obligations and efficiently generate revenues is called Liquidity and efficiency.
When a financial asset or security may be quickly and easily converted into cash without depreciating in value, this is referred to as having liquidity.
In other words, the degree to which an asset may be swiftly purchased or sold on the market at a price representing its underlying value is referred to as liquidity. Due to its ease and speed of conversion into other assets, cash is regarded as the most liquid asset.
Business efficiency is the amount of output a firm or organization can create given the time, money, and resources available. In other words, a company's efficiency refers to how well it can turn resources like labor, capital, and raw materials into services and goods that generate income.
To learn more about Liquidity and Efficiency refer to:
brainly.com/question/14611247
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