Business, 25.01.2020 02:31, lejeanjamespete1

Global travel uses the contribution margin income statement internally. global's first-quarter results are as follows:

sales revenue $525,000
less: variable expenses: 210,000
contribution margin $315,000
less: fixed expenses 172,000
operating income $142,800
global's relevant range is sales of between $120,000 and $630,000.

1. prepare contribution margin income statements at sales levels of $230,000 and $400,000.
( hint: use the contribution margin ratio.)
2. begin by preparing the contribution margin income statement at the $230,000.

Answers: 1

Show answers

Other questions on the subject: Business

Business, 22.06.2019 00:00, kyllow5644

Which of the following is a disadvantage to choosing a sole proprietorship business structure? question 9 options: the owner has personal responsibility for the company's liabilities. the owner has to share the profits with partners. the owner is still liable for personal debts. the owner has to report to shareholders.

Answers: 1

continue

Business, 22.06.2019 03:00, brodybb5515

Sonic corp. manufactures ski and snowboarding equipment. it has estimated that this year there will be substantial growth in its sales during the winter months. it approaches the bank for credit. what is the purpose of such credit known as? a. expansion b. inventory building c. debt management d. emergency maintenance

Answers: 1

continue

Business, 22.06.2019 09:40, Tyrant4life

Henry crouch's law office has traditionally ordered ink refills 55 units at a time. the firm estimates that carrying cost is 35% of the $11 unit cost and that annual demand is about 240 units per year. the assumptions of the basic eoq model are thought to apply. for what value of ordering cost would its action be optimal? a) for what value of ordering cost would its action be optimal?

Answers: 2

continue

Business, 22.06.2019 11:40, berlyntyler

Select the correct answer brian wants to add a chart to his dtp project. what is the best way he can do this? a draw the chart using the dtp program draw option b create the chart in a spreadsheet then import it c. use the dtp chart wizard to create the chart within the dtp d. create an image of the chart in an image editor then import the image e use html code to create a chart within the dtp program

Answers: 3

continue

Do you know the correct answer?

Global travel uses the contribution margin income statement internally. global's first-quarter resul...