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Spartan Systems reported total sales of $371,800, at a price of $22 and per unit variable expenses of $10, for the sales of their single product. Total Per Unit Sales $ 371,800 $ 22 Variable expenses 169,000 10 Contribution margin 202,800 $ 12 Fixed expenses 125,000 Net operating income $ 77,800 What is the amount of contribution margin if sales volume increases by 25%? $21,125 $16,900 $253,500 $202,800
Cadavieco Detailing's cost formula for its materials and supplies is $2,030 per month plus $8 per vehicle. For the month of November, the company planned for activity of 98 vehicles, but the actual level of activity was 58 vehicles. The actual materi..
A company's income statement showed the following: net income, $143,000 and depreciation expense, $35,700. An examination of the company's current assets and current liabilities showed the following changes as a result of operating activities: accoun..
choosing the method of depreciation with 30 tax rate straight line or double declining depreciation.the capital company
The tax law provides four methods of cost recovery for assets: 1) immediate deduction of the total cost when paid or incurred; 2) deferral of cost until the property is sold or otherwise disposed of; 3) deduction based on a percentage of income from ..
The purpose of this assignment is to guide you through the process of developing a sound research question. Your answers to the following exercises should be typewritten and handed in at the beginning of class on Wednesday, April 20.
In cell P2, enter a formula using the VLOOKUP function to determine the cost of each employee’s medical plan as described below: Use a structured reference to the Medical Plan field as the Lookup_value parameter value.
Lower labor costs in China and other parts of the world can be a strategic advantage for a US firms such as Apple. Define the term opportunity Cost? What may be the impact of greatly lower labor costs on opportunity costs for Apple?
Using the balances reported on the balance sheets, what is Abercrombie & Fitch's receivables turnover for the year ended February 3, 2007?
A government’s interest expenditure, as reported in its debt service fund, differs significantly from its interest expense, as reported in its government-wide statements. What is the most likely explanation for the difference?
Phoebe and Parker are equal members in Phoenix Investors, LLC. They are real estate investors who formed the LLC several years ago with equal cash contributions. Phoenix then purchased a parcel of land. At the contribution date, what is Reece’s basis..
Explain the relationship between a profession and a code of ethics and deescribe what a code of ethics/conduct/ professional behavior is and why is it important
My company is considering buying new equipment for $450,000, I expect the equipment produce net cash flows of $50,000 over the ten year life. The annual depreciation will be $45,000. What's the cash payback period?
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