During its most recent fiscal year pacific stores sold

Assignment Help Accounting Basics

Reference no: EM13597511

During its most recent fiscal year, Pacific Stores sold 200,000 electric screwdrivers at a price of $15 each. Fixed costs amounted to $400,000 and pretax income was $600,000. What amount should have been reported as variable costs in the company's contribution margin income statement for the year in question?

Reference no: EM13597511

Questions Cloud

Upton co was started on 1-1-2011 when the owners invested : upton co. was started on 1-1-2011 when the owners invested 160000 cash in the business. during 2011 the company earned

The cm landscaping co uses chicken manure to fortify the : the c.m. landscaping co. uses chicken manure to fortify the soil around trees bearing rare fruit. the price standard

Pahl corporation owns a 60 interest in sauer corporation : pahl corporation owns a 60 interest in sauer corporation acquired at book value equal to fair value at the beginning of

Salsa company has fixed costs of 36000 and a contribution : salsa company has fixed costs of 36000 and a contribution margin ration of 24. if expected sales are 200000 what is

During its most recent fiscal year pacific stores sold : during its most recent fiscal year pacific stores sold 200000 electric screwdrivers at a price of 15 each. fixed costs

The new unit has a larger capacity and bravo estimates it : bravo baking co is considering replacing an older freezer with a larger unit to freeze some of its bread. the new unit

A store has budgeted sales of 12000 mens suits in september : a store has budgeted sales of 12000 mens suits in september. management wants to have 6000 suits in inventory at the

Wather aerodynamics inc makes electronically equipped : weather aerodynamics inc. makes electronically equipped weather-detecting balloons for university meteorology

Johnson company is preparing a cash budget for june the : johnson company is preparing a cash budget for june. the company has 12000 cash at the beginning of june and

Reviews

Write a Review

Required(*) Message

Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest. How much control does the Fed have over this longer real rate?

Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

Accounting problems

Accounting problems, Draw a detailed timeline incorporating the dividends, calculate the exact Payback Period b) the discounted Payback Period. the IRR, the NPV, the Profitability Index.

Theory of interest - term structure of interest rates

Term Structure of Interest Rates

Write a report on internal controls

Write a report on Internal Controls

Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

Liquidity and profitability

Distinguish between liquidity and profitability.

What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

Capm and venture capital

CAPM and Venture Capital

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

User Account

All Pages