Restate the following income statement in contribution margin format. (Round answers to 2 decimal places, e.g....
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Restate the following income statement in contribution margin format. (Round answers to 2 decimal places, e.g. 15.25 or 15.25%) Sales ($50 per unit) Less cost of goods sold ($33 per unit) Gross margin Less operating expenses: Salaries Advertising Shipping ($1.46 per unit) Operating income $806.00 410.00 154.76 $5,300.00 3,498.00 1,802.00 1,370.76 $431.24 Restate the following income statement in contribution margin format. (Round answers to 2 decimal places, e.g. 15.25 or 15.25%) Sales ($50 per unit) Less cost of goods sold ($33 per unit) Gross margin Less operating expenses: Salaries Advertising Shipping ($1.46 per unit) Operating income $806.00 410.00 154.76 $5,300.00 3,498.00 1,802.00 1,370.76 $431.24
Expert Answer:
Answer rating: 100% (QA)
Calculate the contribution margin Contribution Margin Sales Revenue Variable Costs Con... View the full answer
Related Book For
Posted Date:
Students also viewed these accounting questions
-
A stone is projected upwards with an initial speed of 10 m/s from the roof of a building. It takes 6 seconds to reach the ground. (i) What is the height of the building? (5 marks) (ii) What is the...
-
Can you please post a response on this discussion post (150 words). Tell me what you liked about it. My home network consists of many devices, naturally in the age of Internet of Things (IoT), even...
-
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-6. On December 12, Irene purchased the building where her store is located. She paid...
-
Why does allocating an array of length \(n\) take time proportional to \(n\) ?
-
The following graph shows the equilibrium price and quantity in the market for chewing gum in the country Argonia. Suppose the government of Argonia passes a bill to impose a tax of $2 on the...
-
According to the HBR article "The State of Globalization in 2022", capital flows been affected due to COVID-19 and the war in Ukraine. Do you think trade flows have also been affected by these recent...
-
Discuss the possibility of always having variances as favourable.
-
Suppose the current price of gold is $1,200 an ounce. Hotshot Consultants advises you that gold prices will increase at an average rate of 12% for the next two years. After that the growth rate will...
-
Assuming the company uses the earnings approach for revenue recognition, when goods are returned in a saleable condition, that relate to a prior cash sale, O the Cash account will be credited. O...
-
The bridge deck has a weight per unit length of 80 kN/m. It is supported on each side by a cable. Determine the tension in each cable at the piers A andB. -1000 m B. 150 m I75 m
-
1. A corporation issues a $900,000, 10%, 25-year mortgage note. The terms provide for annual installment payments of $99,151. What is the remaining unpaid principal balance of the mortgage payable...
-
How do emergent properties of complex adaptive systems manifest within organizational structures, influencing decision-making processes and strategic outcomes ?
-
If you were a software developer what do think would be the most important software tool to be use? (you may arrange it based on the most to least important), Briefly explain why and give an example.
-
in the Army what are Fallacies, how do they effect leadership decision making?
-
What two fundamental mistakes do many organizations make when selecting measures and metrics?Explain
-
1. How do volunteer organizations support the response and recovery process of a disaster? 2. Should emergency managers have a plan in place to manage volunteers during the response efforts of a...
-
TRUE OR FALSE All internal service funds are aggregated and reported in a single column on the fund statements. At the government-wide level the internal service funds balances are essentially...
-
The landing gear of an aircraft with: mass of 2000 kg the spring-mass-damper system Consider that the runway surface is y(t) = 0.2 cos 157.08t stiffness of the spring is 5 x 105 N/m. What is the...
-
Rogers Sports sells volleyball kits that it purchases from a sports equipment distributor. The following static budget based on sales of 2500 kits was prepared for the year. Fixed operating expenses...
-
Matthias Medical manufactures hospital beds and other institutional furniture. The companys comparative balance sheet and income statement for 2019 and 2020 follow. Matthias Medical Comparative...
-
How are product costs determined in an activity-based costing system?
-
44. On January 1, Year 4, the government leased a police car for five years at $20,000 per year with the first payment being made on December 31, Year 4. This is a capitalized lease. Assume that, at...
-
42. For each of the following, indicate whether the statement is true or false and include a brief expla nation for your answer. a. A pension trust fund appears in the government-wide financial...
-
40. The City of Pfeiffer starts the year of 2008 with the General Fund and an enterprise fund. The General Fund has two activities: education and parks/recreation. For convenience, assume that the...
![Mobile App Logo](https://dsd5zvtm8ll6.cloudfront.net/includes/images/mobile/finalLogo.png)
Study smarter with the SolutionInn App