Fill in the missing amounts in each of the eight case situations below. Each case is independent of the others. One way to find the missing amounts would be to prepare a contribution format income statement for each case, enter the known data, and then compute the missing items
1. Assume that only one product is being sold in each of the four following case situations Input all amounts as positive values except for Net operating loss which should be indicated by a minus sign. Omit the "$" sign in your response.
Case Units Sales Variable Contribution Fixed Net Operating
Sold Expenses Margin Expenses Income
Per Unit Loss
1 15,000 $180,000 $120,000 $4 $50,000 $
2 4,000 $100,000 $60,000 $10 $32,000 $8,000
3 10,000 $ $70,000 $13 $ $12,000
4 $6,000 $300,000 $210,000 $15 $100,00 $(10,000)
1A. Assume that more than one product is being sold in each of the four following case situations: Input all amounts as positive values except for Net operating loss which should be indicated by a minus sign. Omit the "$" sign in your response.
Case Sales Variable Average Fixed Net Operating
Expenses Contribution Expenses income (Loss)
Margin Ratio
1 $500,000 $ 20% $ $7,000
2 $400,000 $260,000 35% $100,000 $40,000
3 $ $ 60% $130,000 $20,000
4 $600,000 $420,000 % $ $(5,000)
Answers: 2
Business, 22.06.2019 05:00
Which of the following differentiates cost accounting and financial accounting? a. the primary users of cost accounting are the investors, whereas the primary users of financial accounting are the managers. b. cost accounting measures only the financial information related to the costs of acquiring fixed assets in an organization, whereas financial accounting measures financial and nonfinancial information of a company's business transactions. c. cost accounting measures information related to the costs of acquiring or using resources in an organization, whereas financial accounting measures a financial position of a company to investors, banks, and external parties. d. cost accounting deals with product design, production, and marketing strategies, whereas financial accounting deals mainly with pricing of the products.
Answers: 3
Business, 22.06.2019 12:50
In june 2009, at the trough of the great recession, the bureau of labor statistics announced that of all adult americans, 140,196,000 were employed, 14,729,000 were unemployed and 80,729,000 were not in the labor force. use this information to calculate: a. the adult population b. the labor force c. the labor-force participation rate d. the unemployment rate
Answers: 3
Business, 22.06.2019 14:30
What’s the present value of a perpetuity that pays $250 per year if the appropriate interest rate is 5%? $4,750 $5,000 $5,250 $5,513 $5,788what is the present value of the following cash flow stream at a rate of 8.0%, rounded to the nearest dollar? cash flows: today (t = 0) it is $750, after one year (t = 1) it is $2,450, at t = 2 it is $3,175, and at t=3 it is $4,400. draw a time line. $7,917 $8,333 $8,772 $9,233 $9,695
Answers: 2
Business, 22.06.2019 17:10
At the end of the current year, accounts receivable has a balance of $550,000; allowance for doubtful accounts has a credit balance of $5,500; and sales for the year total $2,500,000. an analysis of receivables estimates uncollectible receivables as $25,000. determine the net realizable value of accounts receivable after adjustment. (hint: determine the amount of the adjusting entry for bad debt expense and the adjusted balance of allowance of doubtful accounts.)
Answers: 3
Fill in the missing amounts in each of the eight case situations below. Each case is independent of...
Mathematics, 23.03.2020 07:08
Health, 23.03.2020 07:08
English, 23.03.2020 07:08
Advanced Placement (AP), 23.03.2020 07:09
Mathematics, 23.03.2020 07:09
Mathematics, 23.03.2020 07:09
Mathematics, 23.03.2020 07:09
Computers and Technology, 23.03.2020 07:10
Mathematics, 23.03.2020 07:10
Mathematics, 23.03.2020 07:10
Biology, 23.03.2020 07:10
English, 23.03.2020 07:10
Mathematics, 23.03.2020 07:10