Reference no: EM13152793
Jindal Manufacturing Company provides you with the following income statement.
Jindal Manufacturing Company
Income Statement for the Most Recent Year
Revenue $2,435,000
Cost of Goods Sold 1,246,760=
Gross Margin $1,188,240
Administration Costs 425,000
Selling Costs 558,950=
Profit $204,290
You learn that Jindal incurred manufacturing overhead costs of $248,750 for the year and all of this cost is fixed. Moreover, the only variable selling costs are sales commissions at 5% of revenue. Finally, all administration costs are fixed.
Prepare an income statement in the contribution margin format. For simplicity, assume that the Jindal began and ended the year with zero inventories of any kind.
|
What is the percent yield
: Nitrogen gas reacts with hydrogen gas to make ammonia(NH3). 15.5 L of N2 reacts at STP to make 30 L of ammonia. What is the percent yield?
|
|
Explain what defines the cohort in probability
: Statistics means never having to say you"re certain." What defines the cohort? All patients from a particular healthcare plan?
|
|
Case study-andrew and stephanie wilson
: Identify and describe the key elements that must be taken into consideration when assessing whether a credit facility is 'not unsuitable' for a borrower.
|
|
Sarbanes-oxley act
: The Sarbanes-Oxley Act of 2002 requires that the annual reports of public corporations include reports by management as well as the external auditors, certifying the adequacy and effectiveness of the company’s internal controls.
|
|
Income statement in the contribution margin
: Prepare an income statement in the contribution margin format. For simplicity, assume that the Jindal began and ended the year with zero inventories of any kind.
|
|
What more needs to happen to complete the calvin cycle
: In the process of carbon fixation, RuBP attaches a CO2 to produce a six-carbon molecule, which is then split to produce two molecules of 3-phosphoglycerate. After phosphorylation and reduction produces glyceraldehyde 3-phosphate (G3P), what more n..
|
|
What is the new pressure of the gas in pa
: A 643 mL gas sample at STP is compressed to a volume of 285 mL, and the temperature is increased to 26C. What is the new pressure of the gas in Pa? Answer in units of Pa.
|
|
Accounting treatment for purchase of heat exchanger
: What is the correct accounting treatment for the purchase of a heat exchanger?
|
|
Business plan for a web based company
: You need to write the Business plan for a Web based company that currently exists or one that you create. Perhaps there is a business that you have thought about creating; this is an opportunity to put your thoughts on paper.
|