Vector Electronics produces USB adapters, which it sells for $30 each. Each USB adapter requires $12 of variable costs to manufacture. During May, 1,500 adapters were sold. Fixed costs for May were $2,500. How much is the contribution margin ratio? a. 55% b. 58% c. 60% d. 65%
Q: Financial Accounting
A: Step 1: Define Long-Term Debt to Total Assets RatioThe long-term debt to total assets ratio is a…
Q: How much is the bad debt expenses?
A: Explanation of Accounts Receivable: Accounts Receivable represents the money owed to a company by…
Q: Prince albert scanning plc had a solve this question general Accounting
A: Step 1: Define Profit MarginProfit margin is one of profitability ratios that evaluate how much net…
Q: What is the target price to obtain profit margin on sales? Accounting question
A: Explanation of Potential Sales Volume: Potential sales volume represents the estimated number of…
Q: What is your margin loan amount ? Accounting Problem
A: Explanation of Margin Loan Amount:A margin loan amount refers to the portion of an investment that…
Q: Income statement would report net sales of
A: Concept of Sales RevenueSales revenue represents the total income a business generates from selling…
Q: Financial accounting question
A: Step 1: Define Interest ExpenseInterest expense is the cost incurred for borrowing funds and is…
Q: Sophia sold land to Brian. The sales price was $250,000. Sophia paid a commission to a real estate…
A: Explanation of Sales Price: Sales price represents the total amount that the buyer agrees to pay for…
Q: Please need answer this financial accounting question
A: Step 1: Define Return on Equity (ROE)Return on Equity (ROE) is a financial metric that measures a…
Q: Solve this Accounting problem
A: The amount realized from the sale of a stock is calculated as: Amount Realized = Selling Price -…
Q: Year ended june
A: Concept of Cash Flow StatementThe cash flow statement is a financial report that summarizes the…
Q: Provide correct calculation for the price earnings ratio on these financial accounting question
A: Step 1: Define Price-Earnings (P/E) RatioThe Price-Earnings (P/E) Ratio is a valuation metric used…
Q: Give me answer
A: Explanation of Current Liabilities:Current liabilities are short-term financial obligations that a…
Q: What was the increase in sales?
A: The question requires the determination of the increase in sales."Increase in sales" refers to an…
Q: Financial Accounting please provide answer
A: The interest accrued on September 30 is calculated as follows: Interest accrued = Face value of bond…
Q: General Accounting
A: Understanding the Cost of PropertyIn accounting, the cost of property includes all necessary…
Q: Please give me true answer this financial accounting question
A: Step 1: Define Retained EarningsRetained Earnings refer to the cumulative net income that a company…
Q: Opereting cash flow? General accounting
A: To estimate the Year 1 operating cash flow, you can use the following formula:Operating Cash Flow =…
Q: Calculate the contribution margin ratio? General accounting
A: Step 1: Definition of Contribution Margin RatioThe contribution margin ratio (CMR) measures the…
Q: Financial Accounting Question need help with this question
A: Step 1: Define Price-Earnings (P/E) RatioThe Price-Earnings (P/E) Ratio is a financial metric that…
Q: During its first year of operations, the McCormick Company incurred the following manufacturing…
A: Concept of Variable CostingVariable costing is an accounting method that includes only variable…
Q: Correct answer? ? Given general Accounting question
A: Calculation of Total Assets Total Debt Ratio = Total Debt / Total Assetsor, Total Debt = Total Asset…
Q: Please give me true answer this financial accounting question
A: The after-closing balance in the retained earnings account can be calculated as follows: Start with…
Q: Please help me.with this question general Accounting
A: To calculate the interest on a $25,000 note receivable at a 6% annual interest rate for 120 days,…
Q: help me this question solution
A: 1.Profit Margin for the ChildThe child earns $3 for purchasing $100 worth of groceries.The child's…
Q: The ending inventory for the year would be valued at?
A: Explanation of Full Costing (Absorption Costing):Full costing, also known as absorption costing, is…
Q: At the beginning of the year
A: To calculate the equity at the end of the year, we use the accounting equation:Assets=Liabilities +…
Q: Answer this general accounting problem
A: Explanation of Basis: Basis is the original cost of an asset for tax purposes, typically the…
Q: Financial Accounting Question provide solution
A: Step 1: Define Equivalent Unit CostsEquivalent unit cost is the cost assigned to each equivalent…
Q: Company experience the costs
A: In Full (Absorption) costing, the ending inventory is valued using all manufacturing costs,…
Q: Need correct answer general Accounting
A: Step 1: Define EBITWithin a business, the measure of EBIT stands for the earnings before interest…
Q: How much cash receive??
A: Step 1:Cash received from the customers can be calculated by adding the Beginning net receivables…
Q: Hello tutor please solve this question
A:
Q: NDB Company has a factory with fixed costs of $650,000 and a production capacity of 225,000 units…
A: Concept of Contribution MarginThe contribution margin represents the portion of revenue that remains…
Q: How much is Tristan 's amount realised ?
A: To calculate the amount realized from the sale of the stock, you need to subtract the broker's…
Q: Find out solutions. @ general account
A: Understanding the Accounting EquationThe accounting equation is the foundation of financial…
Q: How much is the direct materials price variance
A: Concept of Direct Materials Price VarianceDirect materials price variance measures the difference…
Q: Give me this question
A: Step 1: Definition of Cost of Goods Manufactured (COGM)The Cost of Goods Manufactured (COGM)…
Q: Answer please?
A: Explanation of Cash Cycle:The cash cycle, also known as the cash conversion cycle (CCC), measures…
Q: Subject. Accounting
A: Step 1: Given Value for Calculation Current Price per Stock = p = $50Next Year Dividend = d =…
Q: Please give me answer to accounting
A: We can find the profit margin and debt ratio using the given financial ratios.Given:Asset Turnover…
Q: Find the firm's assets turnover ratio and ROA ?
A: How to calculate Torrid Romance Publishers' asset turnover ratio and Return on Assets (ROA):1.…
Q: Calculate the ending balance of the account?
A: Explanation of Accounts Receivable: Accounts Receivable represents money owed to a company by…
Q: Please provide correct answer with accounting question
A: Net Income = Revenues - ExpensesNet Income = 10,100 - 4,500Net Income = 5,600Assets and liabilities…
Q: Need answer general Accounting question
A: Step 1: Define Net Income and Net LossNet income (or net loss) represents a company's financial…
Q: What is carlos days in inventory?
A: Step 1: Definition of Days Sales in InventoryThe days sales in inventory (DSI) measures how many…
Q: Abc
A: 1. KEY CONCEPTS:a) Return on Assets (ROA)- Measures how efficiently a company uses its assets to…
Q: 5 PTS
A: To calculate the average total assets, use the formula:Average Total Assets= {(Beginning Total…
Q: Account receivables? General accounting
A: Step 1: Bad debts expense Bad debts expense = 6% x Credit salesBad debts expense = 6% x $195,000Bad…
Q: General accounting
A: PV= FV/ (1+r) nwhere:PV = Present Value (amount to be paid today)FV = Future Value ($942,800)r =…
MCQ
Step by step
Solved in 2 steps
- A company manufactures and sells blades that are used in riding lawnmowers. The 18-inch blade sells for $15 and has per-unit variable costs of $4 associated with its production. The company has fixed expenses of $85,000 per month. In January, the company sold 12,000 of the 18-inch blades. A. Calculate the contribution margin per unit for the 18-inch blade. B. Calculate the contribution margin ratio of the 18-inch blade. C. Prepare a contribution margin income statement for the month of January.Cadre, Inc., sells a single product with a selling price of $120 and variable costs per unit of $90. The companys monthly fixed expenses are $180,000. What is the companys break-even point in units? What is the companys break-even point in dollars? Prepare a contribution margin income statement for the month of October when they will sell 10,000 units. How many units will Cadre need to sell in order to realize a target profit of $300,000? What dollar sales will Cadre need to generate in order to realize a target profit of $300,000? Construct a contribution margin income statement for the month of August that reflects $2,400,000 in sales revenue for Cadre, Inc.A company manufactures and sells racing bicycles to specialty retailers. The Bomber model sells for $450 and has per-unit variable costs of $200 associated with its production. The company has fixed expenses of $40,000 per month. In May, the company sold 225 of the Bomber model bikes. A. Calculate the contribution margin per unit for the Bomber. B. Calculate the contribution margin ratio of the Bomber. C. Prepare a contribution margin income statement for the month of May.
- Maple Enterprises sells a single product with a selling price of $75 and variable costs per unit of $30. The companys monthly fixed expenses are $22,500. What is the companys break-even point in units? What is the companys break-even point in dollars? Construct a contribution margin income statement for the month of September when they will sell 900 units. How many units will Maple need to sell in order to reach a target profit of $45,000? What dollar sales will Maple need in order to reach a target profit of $45,000? Construct a contribution margin income statement for Maple that reflects $150,000 in sales volume.A company sells small motors as a component part to automobiles. The Model 101 motor sells for $850 and has per-unit variable costs of $400 associated with its production. The company has fixed expenses of $90,000 per month. In August, the company sold 425 of the Model 101 motors. A. Calculate the contribution margin per unit for the Model 101. B. Calculate the contribution margin ratio of the Model 101. C. Prepare a contribution margin income statement for the month of August.A company sells mulch by the cubic yard. Grade A much sells for $150 per cubic yard and has variable costs of $65 per cubic yard. The company has fixed expenses of $15,000 per month. In August, the company sold 240 cubic yards of Grade A mulch. A. Calculate the contribution margin per unit for Grade A mulch. B. Calculate the contribution margin ratio of the Grade A mulch. C. Prepare a contribution margin income statement for the month of August.
- Company A wants to earn $5,000 profit in the month of January. If their fixed costs are $10,000 and their product has a per-unit contribution margin of $250, how many units must they sell to reach their target income? A.20 B. 40 C. 60 D. 120Marlin Motors sells a single product with a selling price of $400 with variable costs per unit of $160. The companys monthly fixed expenses are $36,000. What is the companys break-even point in units? What is the companys break-even point in dollars? Prepare a contribution margin income statement for the month of November when they will sell 130 units. How many units will Marlin need to sell in order to realize a target profit of $48,000? What dollar sales will Marlin need to generate in order to realize a target profit of $48.000? Construct a contribution margin income statement for the month of February that reflects $200,000 in sales revenue for Marlin Motors.Kerr Manufacturing sells a single product with a selling price of $600 with variable costs per unit of $360. The companys monthly fixed expenses are $72,000. What is the companys break-even point in units? What is the companys break-even point in dollars? Prepare a contribution margin income statement for the month of January when they will sell 500 units. How many units will Kerr need to sell in order to realize a target profit of $120,000? What dollar sales will Kerr need to generate in order to realize a target profit of $120,000? Construct a contribution margin income statement for the month of June that reflects $600,000 in sales revenue for Kerr Manufacturing.
- Swifty Corporation produces flash drives for computers, which it sells for $15 each, Each flash drive costs $9 of variable costs to make. During April, 1000 drives were sold. Fied costs for April were $1000. How much is the contribution margin ratio? O 45% O 73% O 27% O 40%Can you help me with CVP Drill #20?Gardner Company sells a product for $65 per unit. Variable costs are $30 per unit, and fixed costs are $1,200 per month. The company expects to sell 610 units in September. Calculate the contribution margin per unit, in total, and as a ratio. Calculate the contribution margin per unit. Select the formula labels and then enter the amounts to compute the contribution margin per unit. _______________ -. ____________ = Contribution margin per unit
