Sally's Gift Baskets sells gift baskets, on average, for $125; each gift basket costs, on average, $60. Debby pays salaries each month of $1, 300 and her store rent is $1,000 per month. She also pays sales commissions of 5% of the sales price. In May, 140 gift baskets were sold.
a. Prepare a traditional income statement for the month of May.
b. Prepare a contribution margin income statement for the month of May.
Answers: 2
Business, 22.06.2019 02:30
The dollar value generated over decades of customer loyalty to your company is known as brand equity. viability. sustainability. luck.
Answers: 1
Business, 22.06.2019 03:00
Fanning books buys books and magazines directly from publishers and distributes them to grocery stores. the wholesaler expects to purchase the following inventory: april may june required purchases (on account) $ 111,000 $ 131,000 $ 143,000 fanning books accountant prepared the following schedule of cash payments for inventory purchases. fanning books suppliers require that 85 percent of purchases on account be paid in the month of purchase; the remaining 15 percent are paid in the month following the month of purchase. required complete the schedule of cash payments for inventory purchases by filling in the missing amounts. determine the amount of accounts payable the company will report on its pro forma balance sheet at the end of the second quarter.
Answers: 2
Business, 22.06.2019 10:40
Two assets have the following expected returns and standard deviations when the risk-free rate is 5%: asset a e(ra) = 18.5% σa = 20% asset b e(rb) = 15% σb = 27% an investor with a risk aversion of a = 3 would find that on a risk-return basis. a. only asset a is acceptable b. only asset b is acceptable c. neither asset a nor asset b is acceptable d. both asset a and asset b are acceptable
Answers: 2
Business, 22.06.2019 14:30
If a product goes up in price, and the demand for it drops, that product's demand is a. elastic b. inelastic c. stable d. fixed select the best answer from the choices provided
Answers: 1
Sally's Gift Baskets sells gift baskets, on average, for $125; each gift basket costs, on average, $...
Mathematics, 13.09.2020 17:01
Mathematics, 13.09.2020 17:01
Mathematics, 13.09.2020 17:01
Mathematics, 13.09.2020 17:01
Mathematics, 13.09.2020 17:01
English, 13.09.2020 17:01
History, 13.09.2020 17:01
Mathematics, 13.09.2020 17:01
Mathematics, 13.09.2020 17:01
Mathematics, 13.09.2020 17:01
Mathematics, 13.09.2020 17:01
Mathematics, 13.09.2020 17:01
Mathematics, 13.09.2020 17:01
Biology, 13.09.2020 17:01
History, 13.09.2020 17:01
Biology, 13.09.2020 17:01
Mathematics, 13.09.2020 17:01
Mathematics, 13.09.2020 17:01
Mathematics, 13.09.2020 17:01
Mathematics, 13.09.2020 17:01