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cluponka [151]
2 years ago
4

Callis Corporation is a wholesaler that sells a single product. Management has provided the following cost data for two levels o

f monthly sales volume. The company sells the product for $141.60 per unit. Sales volume (units) 5,000 6,000 Cost of sales $265,500 $318,600 Selling and administrative costs $393,500 $406,800The best estimate of the total contribution margin when 5,300 units are sold is: a. $109,710 b. $398,560 c. $469,050 d. $51,940
Business
1 answer:
klio [65]2 years ago
7 0

Answer:

b. $398,560

Explanation:

Total cost at the activity level of 5,000 units = Cost of sales + Selling & Administrative cost = $265,500 + $393,500 = $659,000

Total cost at activity level of 6,000 units = Cost of sales + Selling & Administrative Cost = $318,600 + $406,800 = $725,400

Variable cost per unit = \frac{Change\ in\ total\ cost}{Change\ in\ quantity} = \frac{725,400 - 659,000}{6,000 - 5,000} = \frac{66,400}{1,000} = 66.40

Contribution margin per unit = Selling price - Variable cost = $141.60 - $66.40 = $75.20

Therefore, contribution margin for 5,300 units = $75.20 \times 5,300 = $398,560

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Karsten runs a forklift at work. She also uses hand tools to perform her tasks. Sometimes Karsten has to talk to customers about
Gala2k [10]

Answer:

Facility and Mobile Equipment Maintenance and Warehousing and Distribution Center Operations.

Explanation:

Analyzing Karsten's roles in her current job, it is possible to identify that she could probably have careers in maintaining mobile facilities and equipment and storage and distribution center operations.

Karsten demonstrates that she is a responsible employee in her role by documenting important information that may affect her professional obligations, which gives her the ability to handle responsibilities for storage operations and distribution centers, tasks that require organization, as well as communication with customers about the products and services ordered, which is also essential for an organization’s distribution sector. From the information in the text it is also possible to identify aptitude for maintenance of mobile facilities and equipment, since she drives a forklift at work and sometimes uses hand tools to perform her tasks.

8 0
2 years ago
The public relations nightmare from the U.S. Secret Service in 2015 has been attributed to a breakdown in which managerial funct
erica [24]

Answer: a. Controlling

Explanation:

The Controlling function in management is meant to ensure that employees in a company are acting in a manner that abides by the standards of the company or organization in question.

It works by managers ensuring that they check that employees are acting in the way they are to act and if they are not, corrective action must be meted out to stop the behavior.

The Secret Service had some embarrassing moments in 2015 with some agents being found drunk on a trip to Europe where they were assigned to President Obama's detail. Had supervisors been making sure that subordinates acted in a manner befitting of the secret service, the acts would have had a significantly less chance of happening.

7 0
2 years ago
On March 25, 2021, Phillips Corporation purchased bonds of Atlas Corporation for $132 million and classified the securities as t
ValentinkaMS [17]

Answer:

An unrealized holding gain of $28 million in 2019.

Explanation:

At the financial year-end, the company have to reevaluate the investment to recognize the gain or loss.  

If the fair value is higher than actual investment, the company gain and vice versa it lost.

In this scenario, the fair value adjustment = the valuation on 31st December – purchased value = $150 million - $132 million = $28 million.

Because this step is just an approach to record new valuation of investment, then it’s consider unrealized.

In short, Phillips Corporation should first update the fair value adjustment of $28 million on December 31 2021

4 0
2 years ago
Walmart started the month with 60 pairs of jeans purchased from a jeans manufacturer (the only earlier production stage.) Walmar
viva [34]

Answer:

Value added income = $75

Consumption Expenditure  = $675

investing spending = 0

GDP is = $675  

Explanation:

given data

jeans purchased = 60 pairs

paid = $10 for each pair

sold  = 45 pairs

sold = $15 each

solution

we get here first Value added income Walmart that is express as

Value added income = value of sold - value of bought   ..............1

Value added income = (15 × 45) - (10 × 60 )

Value added income = $75

and

Consumption Expenditure will be

Consumption Expenditure  = (15 × 45)

Consumption Expenditure  = $675

and

investing spending will be = 0

because here in this month no more investment is done

and

GDP will be final value of goods sold at month end is

GDP is = $675  

7 0
2 years ago
On February 2, 2016, the Farmer Corporation issued 9,000 shares of no-par stock for $17 per share. Within two hours of the issue
hichkok12 [17]

Answer:

D. 189,000 = NA + 189,000 NA - NA = NA 189,000 FA

Explanation:

The accounting equation shows the relationship between the elements of a balance sheet which are assets liabilities and equity. This may be expressed mathematically as

Assets = Liabilities + Equity

While assets include fixed assets, cash, inventories, account receivables etc, liabilities include accounts payable, loans payable, accrued expenses etc.

Equity which represents the amount owed to the owners of the business includes retained earnings (which is the accumulation of the net income/loss over the years less dividends paid) and common shares.

When 9,000 shares of no-par stock issued for $17 per share increases to $21, this means that the additional amount

= ($21 - $17) × 9000

= $36,000

Amount to be collected from the issue

= $21 × 9000

= $189,000

This will result in an increase in cash and an increase in owners equity (the respective debits and credits).

5 0
2 years ago
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