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
To understand the client requirements, business processes, company standards, the specific systems IT environment as well as app
sergij07 [2.7K]
The right answer for the question that is being asked and shown above is that: "d. Onsite to offshore knowledge transition." To understand the client requirements, business processes, company standards, the specific systems IT environment as well as approach that will be used is the main goal of onsite to offshore knowledge transition<span>
</span>
8 0
1 year ago
What allows consumers to receive goods and services in a non-price rationing system?
Tatiana [17]
Non-price rationing system is commonly done by queuing (to resolve rationing problems brought by price ceilings) and by coupons (to restore buyer equilibrium). Favored customers who received special treatment from dealers when there is an excess demand, which means: owners giving goods and services to their friends, is another non-price rationing mechanism. I hope that this is the answer that you were looking for and it has helped you.
6 0
2 years ago
Accountants do not speak in terms of increases and decreases. Rather, they use technical terminology. Thus, to __________ an acc
aksik [14]

Answer:

The first gap is for Debit

The second gap is for credit

Explanation:

In accounting, Debit side(Dr) is always on the left side and credit side(Cr) is always on the right side.

The table is usually like 'T'

Debit side increases asset and expenses while credit decreases assets and expenses.

Also, Debit side decreases liability, equity and revenue while credit increases liability, equity and revenue

4 0
2 years ago
For each of the following independent situations, indicate the reason for and the type of financial statement audit report that
Nimfa-mama [501]

Answer:

a. Standard inadequate review report

Standard inadequate review report ought to be given right now according to U S GAAP an organization can picked either LIFO or FIFO stock technique for inventories held in U S Also, there doesn't appear to be any issue in utilizing a non-GAAP strategy for inventories held in remote activities  

b. Standard unfit review report  

As the lawful insight has guaranteed that the body of evidence against S Software has no merit, it would have no impact on the fiscal summaries of the organization. In this manner, no disclosure is required comparable to the case  

c. Unfit report remembering an illustrative section for change for bookkeeping head  

The change in bookkeeping treatment a the auxiliary is because of limitations on repatriation of income put on all outside claimed organizations in Panama Therefore, it is adequate and no compelling reason to qualify the report However, a logical section ought to be added to the report clarifying the adjustment in bookkeeping head  

d. Inadequate report including

lanatory paragaph for change in bookkeeping head  

e. Standard inadequate review report  

As the adjustment in the administration lives for deterioration purposes on automobiles is legitimized, a standard inadequate review report ought to be given  

f. Standard unfit review report  

Right now, blunder was accidental and the administration fittingly remedied the mistake before the finish of field work Therefore, a standard inadequate review report ought to be given  

g. Qualified review report including a disclaimer of feeling.  

Right now, examiner possesses 10 percent of the organization's stock Therefore, the reviewer will be not viewed as free as there is an irreconcilable circumstance Thus, a certified review report including a disclaimer of conclusion ought to be given  

h. Adverse review report  

It is obvious from the survey of credit portfolio that there would be a significant increase in the advance misfortune save Al, writedown of the advances will place the customer into infringement of the state's capital requirements Therefore, plainly a going-concern issue to However, the customer is refining to make changes in accordance with disclose the conceivable going concern issue in the notes to the fiscal reports In such case, the evaluator should give an unfriendly review.

4 0
1 year ago
Which expense might you pay when you rent? A. property taxes B. utilities C. maintenance D. PMI
IrinaK [193]
Utilities. Since you don't own the property, you are not responsible for paying property taxes. Your landlord should be responsible for any maintenance. PMI is insurance paid on a mortgage - which you wouldn't have as a renter.
8 0
2 years ago
Other questions:
  • What will happen if a shoe firm sells its shoes at a price lower than the opportunity cost of the inputs used in the production
    10·1 answer
  • Businesses are using ______________ and other ways to track goods and control the flow of goods from point of origin to point of
    11·2 answers
  • At the beginning of 2009, Glass Manufacturing purchased a new machine for its assembly line at a cost of $600,000. The machine h
    5·1 answer
  • Bond Company uses a plantwide overhead rate with direct labor hours as the allocation base. Use the following information to sol
    15·1 answer
  • Since the 2008 global financial crisis, the B/L ("bill of lading") of container shipments from Asian factories to the United Sta
    10·1 answer
  • Exercise C The marketing department of Specialty Coffees estimates the following monthly demand for espresso in these four price
    10·1 answer
  • Helga runs a website on which she sells houseplants. She also earns through pay-per-click advertising that allows search engines
    5·1 answer
  • The income statement for the Shamrock, Inc. for the month ended July 31 shows Service Revenue $17,510, Salaries and Wages Expens
    6·1 answer
  • You are going into business with 4 equal partners (not counting yourself). If in 6 years, the business is making a profit of $1,
    5·1 answer
  • Lewis is a project team member taking part in team building exercises with the project manager and other team members. Lewis is
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!