Cost-Volume-Profit Relations: Missing Data Following are data from 4 separate companies. Supply the missing data in each independent case. Please show how each section was calculated:. Case 1 Case 2 Case 3 Case 4Sales revenue $120,000 $100,000 $Answer $AnswerContribution margin $60,000 $Answer $20,000 $AnswerFixed costs $40,000 $Answer $Answer $AnswerNet income $Answer $5,000 $12,000 $AnswerVariable cost ratio Answer 0.50 Answer 0.22Contribution margin ratio Answer Answer 0.40 AnswerBreak-even point (dollars) $Answer $Answer $Answer $25,000Margin of safety (dollars) $Answer $Answer $Answer $20,000

Describe how to write a main idea expressed as a bottom-line statement

Assume the perpetual inventory method is used. 1) the company purchased $12,500 of merchandise on account under terms 2/10, n/30. 2) the company returned $1,200 of merchandise to the supplier before payment was made. 3) the liability was paid within the discount period. 4) all of the merchandise purchased was sold for $18,800 cash. what effect will the return of merchandise to the supplier have on the accounting equation?

Exercise 7-7 martinez company reports the following financial information before adjustments. dr. cr. accounts receivable $168,900 allowance for doubtful accounts $3,200 sales revenue (all on credit) 849,300 sales returns and allowances 50,440 prepare the journal entry to record bad debt expense assuming martinez company estimates bad debts at (a) 4% of accounts receivable and (b) 4% of accounts receivable but allowance for doubtful accounts had a $1,550 debit balance. (if no entry is required, select "no entry" for the account titles and enter 0 for the amounts. credit account titles are automatically indented when the amount is entered. do not indent manually.)