Prepare a table that indicates the contribution margin, variable cost of goods sold as a percent of sales, variable selling expenses as a percent of sales, and contribution margin ratio for each salesperson.

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Subject:- General Account

Answer 1

Question

Chapter 7, Problem 4PB

1.

To determine

Prepare a table that indicates the contribution margin, variable cost of goods sold as a percent of sales, variable selling expenses as a percent of sales, and contribution margin ratio for each salesperson.

2.

To determine

Indicate which salesperson generated the highest contribution margin for the year.

3.

To determine

List the factors other than contribution margin that should be considered in evaluating the performance of salesperson.

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Subject:- General Account

During the year, Kiner Company made an entry to write off a $9,000 uncollectible account. Before this entry was made, the balance in accounts receivable was $315,000 and the balance in the allowance account was $27,000. The net realizable value of accounts receivable after the write-off entry was: A. $200,000. B. $184,000. C. $176,000. D. $288,000. answer

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Answer 2

Question

Chapter 7, Problem 4PB

1.

To determine

Prepare a table that indicates the contribution margin, variable cost of goods sold as a percent of sales, variable selling expenses as a percent of sales, and contribution margin ratio for each salesperson.

2.

To determine

Indicate which salesperson generated the highest contribution margin for the year.

3.

To determine

List the factors other than contribution margin that should be considered in evaluating the performance of salesperson.

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Answer 3

Question

Chapter 7, Problem 4PB

1.

To determine

Prepare a table that indicates the contribution margin, variable cost of goods sold as a percent of sales, variable selling expenses as a percent of sales, and contribution margin ratio for each salesperson.

2.

To determine

Indicate which salesperson generated the highest contribution margin for the year.

3.

To determine

List the factors other than contribution margin that should be considered in evaluating the performance of salesperson.

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Answer 4

Question

Chapter 7, Problem 4PB

1.

To determine

Prepare a table that indicates the contribution margin, variable cost of goods sold as a percent of sales, variable selling expenses as a percent of sales, and contribution margin ratio for each salesperson.

2.

To determine

Indicate which salesperson generated the highest contribution margin for the year.

3.

To determine

List the factors other than contribution margin that should be considered in evaluating the performance of salesperson.

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Answer 5

Chapter 7, Problem 4PB

1.

To determine

Prepare a table that indicates the contribution margin, variable cost of goods sold as a percent of sales, variable selling expenses as a percent of sales, and contribution margin ratio for each salesperson.

2.

To determine

Indicate which salesperson generated the highest contribution margin for the year.

3.

To determine

List the factors other than contribution margin that should be considered in evaluating the performance of salesperson.

Answer 6

Chapter 7, Problem 4PB

1.

To determine

Prepare a table that indicates the contribution margin, variable cost of goods sold as a percent of sales, variable selling expenses as a percent of sales, and contribution margin ratio for each salesperson.

Answer 7

Chapter 7, Problem 4PB

1.

To determine

Prepare a table that indicates the contribution margin, variable cost of goods sold as a percent of sales, variable selling expenses as a percent of sales, and contribution margin ratio for each salesperson.

Answer 8

2.

To determine

Indicate which salesperson generated the highest contribution margin for the year.

Answer 9

2.

To determine

Indicate which salesperson generated the highest contribution margin for the year.

Answer 10

3.

To determine

List the factors other than contribution margin that should be considered in evaluating the performance of salesperson.

Answer 11

3.

To determine

List the factors other than contribution margin that should be considered in evaluating the performance of salesperson.

Answer 12

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Ch. 7 - What types of costs are customarily included in...Ch. 7 - Which type of manufacturing cost (direct...Ch. 7 - Which of the following costs would be included in...Ch. 7 - In the variable costing income statement, how are...Ch. 7 - Prob. 5DQ Ch. 7 - Prob. 6DQ Ch. 7 - Discuss how financial data prepared on the basis...Ch. 7 - Prob. 8DQ Ch. 7 - Explain why rewarding sales personnel on the basis...Ch. 7 - Explain why service companies use different...

Prepare a table that indicates the contribution margin, variable cost of goods sold as a percent of sales, variable selling expenses as a percent of sales, and contribution margin ratio for each salesperson.

Solution Summary: The author explains the contribution margin, variable cost of goods sold, and variable selling expenses for each salesperson.

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Prepare a table that indicates the contribution margin, variable cost of goods sold as a percent of sales, variable selling expenses as a percent of sales, and contribution margin ratio for each salesperson.

Indicate which salesperson generated the highest contribution margin for the year.

List the factors other than contribution margin that should be considered in evaluating the performance of salesperson.

Chapter 7 Solutions