answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Vilka [71]
2 years ago
14

Clemeson Corporation, which has only one product, has provided the following data concerning its most recent month of operations

: Selling price $ 145 Units in beginning inventory 0 Units produced 3,600 Units sold 3,400 Units in ending inventory 200 Variable costs per unit: Direct materials $ 36 Direct labor $ 57 Variable manufacturing overhead $ 3 Variable selling and administrative expenses $ 5 Fixed costs: Fixed manufacturing overhead $79,200 Fixed selling and administrative expense $64,600 The total contribution margin for the month under variable costing is:
Business
1 answer:
blsea [12.9K]2 years ago
8 0

Answer:

$149,600

Explanation:

Variable cost per unit = 36+57+3+5 =  

Variable cost per unit = $101

Contribution margin per unit = 145 - 101

Contribution margin per unit = $44 per unit

Total contribution margin = 3,400 * $44

Total contribution margin = $149,600

You might be interested in
Ray Jene earns $900 a week at a Publix supermarket. Ray's payroll deductions are 28%. What is Ray's take-home pay?
kaheart [24]
If Ray earns $900 a week and deductions are 28% Ray's take home pay is:
$648 a week

If we assume that the deductions of 28% are taken out of the $900 weekly we will multiply 900 by 0.28 = 252. Then subtract 252 which is the deduction amount from the 900 and we end up with take home pay of $648.
7 0
2 years ago
A University is offering a charitable gift program. A former student who is now 50 years old is consider the following offer: Th
xenn [34]

Answer:

The value of this deferred annuity today on his 50th birthday is <u>$2,621.27</u>.

Explanation:

Since the student's desired return of 6% will also start to be paid starting on his 65th birthday, the value of this deferred annuity today on his 50th birthday can be calculated by first calculating the value of the investment on the 65th birthday.

We therefore proceed with the following two steps:

Step 1: Calculation of the value of the investment on the 65th birthday

The value of the investment on the 65th birthday can be calculated using the formula for calculating the present value of an ordinary annuity as follows:

PV = P * ((1 - (1 / (1 + r))^n) / r) …………………………………. (1)

Where;

PV at 65 = Present value of the annuity at 65th birthday =?

P = Annuity payment = Invested amount * Student's desired return = $8,900 * 6% = $534

r = Student's desired return rate = 6%, or 0.06

n = number of more years anticipate to live after 65th birthday = 21

Substitute the values into equation (1) to have:

PV at 65 = $534 * ((1 - (1 / (1 + 0.06))^21) / 0.06)

PV at 65 = $534 * 11.764076621288

PV at 65 = $6,282.02

Therefore, the value of the investment on the 65th birthday is $6,282.02.

Step 2: Calculation of the value of this deferred annuity today on his 50th birthday

The value of this deferred annuity today on his 50th birthday can therefore be calculated using the simple present value for as follows:

PV at 50 = PV at 65 / (1 + r)^N …………………………….. (2)

Where;

PV at 50 = the value of this deferred annuity today on his 50th birthday = ?

PV at 65 = Present value of the annuity at 65th birthday = $6,282.02

r = Student's desired return rate = 6%, or 0.06

N = number of years from 50th birthday to 65th birthday = 65 - 50 = 15

Substitute the values into equation (2) to have:

PV at 50 = $6,282.02 / (1 + 0.06)^15

PV at 50 = $6,282.02 / 2.39655819309969

PV at 50 = $2,621.27

Therefore, the value of this deferred annuity today on his 50th birthday is <u>$2,621.27</u>.

5 0
1 year ago
The account receivable turnover measures: Multiple Choice All of the options are correct. How often, on average, receivables are
denpristay [2]

Answer:

How often, on average, receivables are received and collected during the period

Explanation:

An account receivable is an accounting entry that measures the amount which a firm or organization will receive soon that is not paid yet by the customers. Likewise, account receivable turnover measures the average amount received and collected in a particular period. It helps to understand the average receivable amount and what must be changed to improve it.

6 0
2 years ago
Burton Bush wants to retire in Arizona when he is 80 years of age. Burton, who is now 55, believes he will need $500,000 to reti
Rudik [331]

Answer:

$116,499.15

Explanation:

To find the amount he will have to invest today, we have to find the present value of $500,000 at the 6% interest rate

PV = FV (1+r)^-n

PV = Present value

FV = Future value = $500,000

R = interest rate = 6%

N = number of years = 25

$500,000 ( 1 + 0.06) ^-25 = $116,499.15

I hope my answer helps you

8 0
2 years ago
Tom Adams has received a job offer from a large investment bank as a clerk to an associate banker. His base salary will be $59,0
Aloiza [94]

Answer:

Present value of the offer = $739,018.03

Explanation:

The cash flows described in the question from end of year 1 to end of year 20 represent a growing annuity for  20 years. The present value of a growing annuity is calculated as follows:

PV= \frac{P}{i-g}*[1-[\frac{1+g}{1+i}]^n]

where P = the annuity payment in the first period

          i = interest rate per period that would be compounded for each period

         g = growth rate

         n = number of payment periods

P in the 1st year = the base salary of $59,000 + the 10% bonus of $5,900 = $64,900; g is 3.9% ;i=0.1 and n = 20

Present value of the offer = 15,000 received immediately + PV of the growing annuity

= 15,000+\frac{64,900}{0.1-0.039}*[1-[\frac{1+0.039}{1+0.1}]^2^0]=739,018.03

3 0
2 years ago
Other questions:
  • From her sales income, barbara has subtracted cost of goods sold, operating expenses, interest expense, and taxes. what she has
    13·1 answer
  • Stephanie is the editor in charge of advertising for the yearbook and newspaper. She thinks that her position is the most import
    10·2 answers
  • QUESTION 1 of 10: You want to purchase your first house. A conventional mortgage will require a credit score of approximately 63
    8·2 answers
  • 44. CEO compensation The total compensation of the chief executive officers (CEOs) of the 800 largest U.S. companies (the Fortun
    14·1 answer
  • Louise Bragan has a sideline business of carving candlestick holders. She began by hand carving them with simple tools. On avera
    6·1 answer
  • Asonia Co. will pay a dividend of $4.30, $8.40, $11.25, and $13.40 per share for each of the next four years, respectively. The
    12·1 answer
  • An​ on-line ticket site was recently offering tickets for a soccer match between Manchester United and Fulham at a price of poun
    5·1 answer
  • A local car dealer offers "zero percent" interest on a $20,000 automobile for 36 monthly payments. if a customer either pays cas
    9·2 answers
  • Terra Corporation purchased equipment with a 10-year useful life and zero residual value for $100,000. At the end of the seventh
    14·1 answer
  • According to Twitter’s amended S-1 filed November 4, 2013, what were the estimated amounts of net proceeds to be received by the
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!