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Illusion [34]
2 years ago
14

Schrute Farm Sales buys portable generators for $470 and sells them for $720 He pays a sales commission of 5% of sales revenue t

o his sales staff. Mr. Schrute pays $7,000 a month rent for his store, and also pays $1,700 a month to his staff in addition to the commissions. Mr. Schrute sold 500 generators in June. If Mr. Schrute prepares a contribution margin income statement for the month of June, what would be his operating income? O A. $98,300 OB. $360.000 OC. $115,700 OD. $253.000
Business
1 answer:
ad-work [718]2 years ago
8 0

Answer:

The correct answer is A.

Explanation:

Giving the following information:

Schrute Farm Sales buys portable generators for $470 and sells them for $720 He pays a sales commission of 5% of sales revenue to his sales staff. Mr. Schrute pays $7,000 a month rent for his store and also pays $1,700 a month to his staff in addition to the commissions. Mr. Schrute sold 500 generators in June.

Revenue= 720*500= $360,000

Cost of goods sold= 470*500= 235,000 (-)

Sales commision= 0.05*360,000= 18,000 (-)

Contribution Margin= 107,000

Rent= 7,000 (-)

Fixed sales comission= 1,700 (-)

Operating income= $98,300

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Ariana loves new electronic products, but she also wants to make sure she gets a good value for her money. Therefore, she typica
qwelly [4]

Answer:

This question lacks answers. Here they are:

A) ​Early adopter  

B) ​Early majority  

C) ​Innovator  

D) Late majority  

E) ​Laggard

Answer is B) <em>​Early majority  </em>

Explanation:

These are the adoption categories. They measure how inclined a customer is to adopting a new product or technology. Each category describes the main aim and goal of the customer when trying the new product.

Naturally, all categories are on the gradual scale:

Innovators -> Early adopter -> Early majority -> Late Majority - > Laggard

with the <em>innovator</em> being the group that is adopting the product immediately after launch, while the <em>laggard</em> is very change-resistant, rarely making choices regarding the adoption of something new.

The thinnest line is probably the difference between <em>early adopters</em> and the <em>early majority</em>. Early adopters are not as fast as innovators when it comes to product adopting and they are often doing it because of coolness or the "wow" factor of the product. Although the time of adoption for the early majority is the same or a little bit longer than early adopters, the key difference is that the early majority puts functionality over coolness when something is new and ready for adoption.

In this example, Ariana want to receive great functionalities for the given money, so she turns to ratings, reviews and recommendations from early adopters and innovators (Eric). Eventually, when it is determined that the product proves its value, the early majority adopts it.

8 0
2 years ago
Recently it was announced that FC Cola Company was pursuing a merger with Lemon-Lime Soda Co. The proposed merger is expected to
Helga [31]

Answer:c horizontal

Explanation:

6 0
1 year ago
If a stadium sells 40,000 seats sold at $20, $22.50, and $25 and $28 equally distributed in four sections, how much can be made
Ksenya-84 [330]
Section A = 22,500 seats
section B = 14,900 seats
section C = 7,600 seats
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2 years ago
Oriole Company accumulates the following data concerning a mixed cost, using miles as the activity level. Miles Driven Total Cos
Fynjy0 [20]

Answer:

$1.2 per mile

Explanation:

Computation of the variable cost per mile using the high-low method

Using this formula

Variable cost per mile = (Highest activity cost - Lowest activity cost)/(Highest activity - Lowest activity)

Let plug in the

Variable cost per mile= (14,721 - 13,503)/(8,510 - 7,495)

Variable cost per mile= 1,218/1,015

Variable cost per mile=$1.2 per mile

Therefore the Variable cost per mile will be $1.2 per mile.

6 0
2 years ago
C&amp;A sells T-shirts for $20 that cost $5 to produce. The annual holding cost percentage is 10% and the T-shirts turn 25 times
ad-work [718]

Answer:

$0.02

Explanation:

C&A sells T-shirts for $20 that cost $5 to produce

The annual holfing cost percentage is 10%

The T-shirts turn 25 times a year

The first step is to calculate the holding cost

= $5 × 10/100

= $5 × 0.1

= 0.5

Therefore, since the T-shirts turn over 25 times a year then, the holding cost that C&A incurs for each T-shirts can be calculated as follows

= 0.5/25 times

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Hence C&A incur a holding cost of $0.02 for each T-shirts

4 0
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