Business, 14.11.2019 21:31 arianaw6735
The following costs result from the production and sale of 1,000 drum sets manufactured by tight drums company for the year ended december 31, 2019. the drum sets sell for $500 each. the company has a 25% income tax rate. variable production costs plastic for casing $ 17,000 wages of assembly workers 82,000 drum stands 26,000 variable selling costs sales commissions 15,000 fixed manufacturing costs taxes on factory 5,000 factory maintenance 10,000 factory machinery depreciation 40,000 fixed selling and administrative costs lease of equipment for sales staff 10,000 accounting staff salaries 35,000 administrative management salaries 125,000 required: 1. prepare a contribution margin income statement for the year. 2. compute its contribution margin per unit and its contribution margin ratio. 3. for each dollar of sales, how much is left to cover fixed costs and contribute to operating income?
Answers: 2
Business, 22.06.2019 13:30
The fiscal 2016 financial statements of nike inc. shows average net operating assets (noa) of $8,450 million, average net nonoperating obligations (nno) of $(4,033) million, average total liabilities of $9,014 million, and average equity of $12,483 million. the company's 2016 financial leverage (flev) is: select one: a. (0.477) b. (0.559 c. (0.323) d. (0.447) e. there is not enough information to determine the ratio.
Answers: 2
Business, 22.06.2019 14:20
Jaynet spends $50,000 per year on painting supplies and storage space. she recently received two job offers from a famous marketing firm – one offer was for $95,000 per year, and the other was for $120,000. however, she turned both jobs down to continue a painting career. if jaynet sells 35 paintings per year at a price of $6,000 each: a. what are her accounting profits? b. what are her economic profits?
Answers: 1
Business, 22.06.2019 17:30
According to management education expert ashok rao, companies can increase their profitability by through careful inventory management. a. 5% to 10% b. 10% to 25% c. 20% to 50% d. 75%
Answers: 1
Business, 22.06.2019 17:30
Communication comes in various forms. which of the following is considered an old form of communication? a) e-mail b) letter c) skype d) texting
Answers: 2
The following costs result from the production and sale of 1,000 drum sets manufactured by tight dru...
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