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
nevsk [136]
2 years ago
7

Item32 time remaining 46 minutes 2 seconds 00:46:02 item 32 item 32 time remaining 46 minutes 2 seconds 00:46:02 during a recent

fiscal year, creek company reported pretax income of $125,000, a contribution margin ratio of 25% and total contribution margin of $400,000. total variable costs must have been:
Business
1 answer:
Ganezh [65]2 years ago
7 0

The variable cost is calculated as -

Sales - Variable cost = Contribution Margin

Given, Contribution Margin = 25 %

Variable cost = 1 - Contribution Margin = 1 - 25 % = 75 %

25 % of Sales = Contribution Margin = $ 400,000

Sales = $ 400,000 ÷ 25 %

Sales = $ 1,600,000

Variable costs = 75% of Sales = 75 % × $ 1,600,000 = $ 1,200,000

You might be interested in
A recent study conducted by Estelle Cosmetics Company showed that heavy users of Estelle's products comprise a small percentage
s344n2d4d5 [400]

Answer: Segmentation by usage

Explanation: Segmentation by usage splits customers according to how often they use a product. Using segmentation by usage, customers can be classified into non - users, who don't use the product at all, light and medium users, who can range from little usage of the product to average use of the product, and heavy users, who mostly use these products.

From thr first paragraph it is clear that usage segmentation is used to separate the user's into different classes based on their usage, and identify which class to target when it comes to sales. At Estelle Cosmetics Company, it was deduced that of this company's total sales, less than 7% of this market are heavy users. These users purchase nearly 71% of the company's products. This company will probably focus their marketing efforts on the heavy users, as they contribute to the majority of sales within their company.

7 0
2 years ago
A tiny South Pacific island country produces large quantities of coconut-based products. To protect this industry, the island go
valentinak56 [21]

Answer:

(a) Import Quota

Explanation:

Option B is wrong because import duty is the tax, which is collected from imported products. It cannot restrict any items or protect the coconut-based products industry.

Option C is incorrect because import tariff allows charging imported products at higher prices to restrict import goods. In that case, the company does not increase the imported goods price.

Option D is incorrect because the company does not get a subsidy from the government.

Therefore, option A is the answer because import quota restricts companies from importing goods and services on a limited basis to protect the local manufacturers.

3 0
2 years ago
Madison Corporation purchases an investment in Lake Geneva, Inc. at a purchase price of $10 million cash, representing 40% of th
tester [92]

Answer:

$ 10512000

Explanation:

The market value of Madison investment which is the aggregate value of the company's investment =$ 12 million

The book value = assets - liabilities = (1700000 - 419000) ×0.4 = $ 51240

The year-end balance = $ 51240 + $ 10 million = $ 10512000 approx

4 0
2 years ago
On February 1, a customer's account balance of $2,300 was deemed to be uncollectible. What entry should be recorded on February
Lesechka [4]

Answer:

Debit Allowance for Doubtful Accounts $2,300; credit Accounts Receivable $2,300

Explanation:

The journal entry is shown below:

Allowance for Doubtful Accounts A/c Dr $2,300

             To Accounts Receivable A/c $2,300

(Being the written-off amount is recorded)

Since we have to record this journal entry so we debited the Allowance for Doubtful Accounts A/c and credited the account receivable account so that the correct posting can be done.

7 0
2 years ago
Population momentum is primarily dependent on the number of individuals in that population who are:
Daniel [21]
The large number of the population in childbearing age
7 0
2 years ago
Other questions:
  • Say that equilibrium price remained constant and quantity rose. what would you say was the most likely cause?
    9·1 answer
  • In communication between a sender and a receiver a variety of external factors does not distort messages and their meaning there
    9·2 answers
  • Which is an independent variable in a study where tractor supply, a retailer of garden and farming equipment, increases the pric
    11·1 answer
  • The time for the current iteration is up and one of the features isn't complete. What do you do?
    5·1 answer
  • The expected rate of return on a constant growth stock is equal to the ____ plus its _____. Select one: a. risk-free rate; infla
    9·1 answer
  • Bachmann Products, Inc., has found that new products follow a learning curve. The first two units have been completed with the f
    7·1 answer
  • The following data relate to direct materials costs for February: Materials cost per yard: standard, $2.00; actual, $2.10 Standa
    9·1 answer
  • Consider the following situations for Shocker:
    6·1 answer
  • Select the type of business that is most likely to obtain large amounts of resources by issuing stock. a. government entity b. p
    10·1 answer
  • Alex is a member of Government Accounting Standard Body (GASB). This accounting body is not a government entity. GASB has been f
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!