If sales are $525,000, variable costs are 56% of sales, and operating income is $50,000, what is the contribution margin ratio?
Q: Hi expert please give me answer general accounting
A: Step 1: Define Lower of Cost or MarketThe lower of cost or market is an inventory valuation method…
Q: I need this question general accounting
A: Step 1: Define High-Low MethodThe high-low method of accounting attempts to break out fixed and…
Q: Need help with this general accounting question
A: Step 1: Define Comprehensive IncomeComprehensive income refers to the changes in the stockholder's…
Q: General accounting
A: Step 1: Define Depreciation - A Tax-Saving ExpenseA depreciation tax shield can be a powerful tool…
Q: The Heating Division of Kobe International produces a heating element that it sells to its customers…
A: Step 1: Understand the Transfer Pricing ConceptThe minimum transfer price is the lowest price the…
Q: In 2021 a single individual operates a business as a sole proprietorship. The business has revenue…
A: The business has revenue of $280,000 and expenses of $112,000.The individual has $4,000 in capital…
Q: Given answer accounting questions
A: To calculate the stock price, use the formula: Stock Price=Earnings Per Share…
Q: Please given answer financial accounting
A: Step 1: Define Dividend incomeDividend income refers to the income received from the company of…
Q: The Amount of the ending inventory is?
A: Gross Profit = Net Sales - Cost of Goods Sold (COGS)And,COGS = Beginning Inventory + Purchases -…
Q: Kindly help with this accounting questions
A: Step 1: Definition of Credit SalesCredit sales represent the total sales made on credit during a…
Q: General Accounting Question provide solution
A: Step 1: Define Gross ProfitGross Profit is the difference between the selling price and the cost of…
Q: Question 2.5.7: Job costing Tarikha Company has the following data: direct labor $232,000, direct…
A: Explanation of Direct Labor:Direct labor refers to the wages paid to workers who are directly…
Q: Watch this video "data Visualization for Data Analysis and Analytics" and then share in a one page…
A: What I Learned from "Data Visualization for Data Analysis and Analytics" Data visualization is a…
Q: I won't this solve and correct answer given general accounting question
A: Step 1: Define Days Sales OutstandingDays sales outstanding refers to the number of days a company…
Q: I don't need ai answer general accounting question
A: Predetermined overhead rate = Estimated overhead cost / Estimated direct labor hoursPredetermined…
Q: Do fast answer accounting questions
A: Step 1: Definition of Work in Process (WIP) InventoryWork in Process (WIP) inventory refers to goods…
Q: Cambridge company purchased a truck solution general accounting question
A: Step 1: Define Straight-Line DepreciationStraight-line depreciation is a method used to depreciate…
Q: Brooks Company carries three inventory items. The following information pertaining to the ending…
A: To determine the ending inventory value using the Lower-of-Cost-or-Market (LCM) rule on an…
Q: PLEASE HELP!!!
A: Purchase Price: Cash paid = $260,500 Note payable = $117,000 Total purchase price = $377,500 Fair…
Q: I need this question general accounting
A: Step 1: Define Sector 1231Section 1231 of the US IRC applies to the real property used by the…
Q: Solve this accounting questions
A: Step 1: Definition of Installment Sale MethodThe Installment Sale Method is a tax reporting approach…
Q: Give correct answer the accounting question
A: Step 1: Definition of EquityEquity is the residual interest in the assets of a company after…
Q: Hello tutor please provide this question solution general accounting
A: Step 1: Define Equivalent UnitsEquivalent units are the weighted average of the number of units with…
Q: Can you please answer the general accounting question?
A: Step 1: Define Mixed CostsMixed costs are those costs that have characteristics of both fixed and…
Q: Hi expert please give me answer general accounting
A: Step 1: Definition of Net IncomeNet income is the company's total earnings after deducting all…
Q: Subject: Cost Account Deboer Company, which has only one product, has provided the following data…
A: Under variable costing, period costs include:Fixed manufacturing overhead costs (expensed in full as…
Q: Subject :- General Account
A: To calculate the cost per equivalent unit of conversion, we use the following formula:…
Q: Hello expert please given correct answer
A: Step 1: Define Straight-Line MethodThe straight-line method of depreciation is a simple and commonly…
Q: Provide the correct answer general accounting
A: Step 1: Current liabilities are the short-term obligations of the company that are liable to be paid…
Q: ??
A: What is Direct Costing?Under direct costing (also known as variable costing), only variable…
Q: Variable costing would be?
A: Step 1: Key Differences Between Variable and Absorption CostingVariable costing includes only…
Q: Hi please solve this
A: To determine the inventory value using the lower-of-cost-or-market (LCM) method on an…
Q: Assume that all materials are direct materials
A: Explanation of Direct Materials: Direct materials are raw materials that can be directly traced to…
Q: What is the required rate of return on this financial accounting question?
A: Step 1: Define Rate of returnThe rate of return measures an investment's success over time,…
Q: Solve this financial accounting question
A: Step 1: Convert percentages to decimal returnsYear 1: 5% = 0.05Year 2: 12% = 0.12Year 3: -2% =…
Q: Current Attempt in Progress An inexperienced accountant for Larkspur Corporation made the following…
A: Correct entries: July 1. When shares with a stated value are sold, the proceeds will be debited to…
Q: What is net book value?
A: Explanation of Reducing Balance Method: The reducing balance method (also known as declining balance…
Q: Dont use ai. give correct answer for this Account assignment questions
A: Step 1: Understanding LCM RuleThe Lower of Cost or Market (LCM) rule requires that for each…
Q: Answer me
A: Explanation of Merchandise Inventory:Merchandise inventory refers to the goods a company holds for…
Q: Martinez consulting firm had $250,000 solve this accounting questions
A: Step 1: Definition of Gross IncomeGross income is the total income earned by a business before…
Q: Please given correct answer
A: Step 1: High-Low Method for Cost BehaviorWe need to analyze the Cost of Sales and Selling &…
Q: Please need help with this general accounting question
A: Step 1: Define High-Low MethodMany cost accounting calculations and analyses depend on the accurate…
Q: Blazer corporation had provided correct answer general accounting
A: Step 1: Define Rate of ReturnThe rate of return shows the net income generated as a percent of…
Q: Need help with this financial accounting question
A: Step 1: Define Cost of EquityThe cost of equity is the money a corporation provides to its…
Q: Make sure both answer are correct. if not ill give unhelpful rating. Subject - General Account
A: Part (a): Compute Unit Product Cost Under Absorption CostingUnder absorption costing, both variable…
Q: Given answer accounting questions
A: Step 1: Define Note ReceivableNote receivable is promissory notes which a company or individual…
Q: General Accounting Question
A: Step 1: Define AssetsIf you buy a lawnmower and begin a small business mowing lawns, your purchase…
Q: What is the net income of this firm on this general accounting?
A: Step 1: Define Net IncomeThe net income of a business can be determined by deducting all the…
Q: Proper working answer wanted in this account query
A: To calculate the equivalent units for conversion costs, we use the weighted-average method in…
Q: Provide solution this financial accounting question
A: Step 1: Define StocksStock is a type of security that signifies ownership in a corporation or…
Given answer accounting questions
Step by step
Solved in 2 steps
- What is the contribution margin ratio?sales are $500,000, variable costs are $200,000, and fixed costs are $240,000, what is the contribution margin ratio?Assume the following (1) selling price per unit = $30, (2) variable expense per unit = $18, and (3) total fixed expenses = $52,200. Given these three assumptions, the unit sales needed to achieve a target profit of $10,200 is: