The answer is "<span>$960,000".
This is how we calculate this;
</span><span>sales = $1,500,000
</span><span>fixed expenses = $450,000
</span><span>contribution margin ratio = 36% = 36/100 = 0.36
</span>total variable expenses = <span>($1,500,000) (1 – 0.36)
= (1,500,000)(0.64)
= $960,000</span>
Answer:
B. Loss on sale is $12,500
Explanation:
The equipment purchase on 1st January 2018. The equipment is sold of 1st July 2020. The duration for accumulated depreciation is 2.5 years. Using straight line method the depreciation will be:
[ 1,600,000 - 130,000 ] / 8 years * 2.5 years = 612,500
The book value for the equipment is 1,600,000 - 612,500 = 987,500
The equipment is sold for 1,000,000
There is gain on disposal of 12,500.
Good customer service means having thorough knowledge and having a positive attitude.
Answer:
The shares of common stock are outstanding are 24,920 shares
.
Explanation:
Outstanding shares
= Shares issued - Shares held as Treasury Stock shares
= $250000/$10 par - $1200/$15
= 25000 shares - 80 shares
= 24,920 shares
Therefore, The shares of common stock are outstanding are 24,920 shares
.
It is the Days sales outstanding ratio or the DSO ration. It can be computed to estimate the firms' average account receivable. It illustrates on how the firm's receivable will be managed. It is usually determine on an annual, monthly and quarterly basis.
