The Alpine House, Inc., is a large retailer of snow skis. The company assembled the information shown below for the quarter ended March 31: Amount Sales $ 1,350,000 Selling price per pair of skis $ 450 Variable selling expense per pair of skis $ 49 Variable administrative expense per pair of skis $ 19 Total fixed selling expense $ 150,000 Total fixed administrative expense $ 110,000 Beginning merchandise inventory $ 60,000 Ending merchandise inventory $ 120,000 Merchandise purchases $ 290,000 Required: 1. Prepare a traditional income statement for the quarter ended March 31. 2. Prepare a contribution format income statement for the quarter ended March 31. 3. What was the contribution margin per unit?

Answers

Answer 1

Answer:

Results are below.

Explanation:

Giving the following information:

Units sold= 1,350,000 / 450= 3,000

COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory

COGS= 60,000 + 290,000 - 120,000= $338,000

Absorption costing income statement:

Sales= 1,350,000

COGS= (338,000)

Gross profit= 1,012,000

Total selling expense= (49*3,000) + 150,000= (297,000)

Total administrative expense= (19*3,000) + 110,000= (167,000)

Net operating income= $548,000

Now, the contribution margin income statement:

Sales= 1,350,000

COGS= (338,000)

Total Variable selling expense=  (49*3,000)= (147,000)

Total Variable administrative expense= (19*3,000)= (57,000)

Total contribution margin= 808,000

Total fixed selling expense= (150,000)

Total fixed administrative expense= (110,000)

Net operating income= $548,000

Finally, the unitary contribution margin:

CM per unit= 808,000 / 3,000= $269.33


Related Questions

If a customer at a Target store brings a purchase to checkout, and the item is not priced, the clerk at the register can ask the customer what the price is. If the price is $25 or less, the clerk does not have to do a price check. The clerk has been given the authority to trust the customer to have quoted the correct price. This sort of discretionary power is called:

Answers

I have no idea sorry man

A multinational food manufacturing company decided to use a football player to promote its new protein shake during the Super Bowl. In the advertisement, the celebrity informed the audience that the drink was highly energizing, and as a result, the sales of the product increased three-fold. Which factor contributed to the increase of the product's sales

Answers

Answer:

source credibility.

Explanation:

The factor that contributed to the increase in product sales was the source credibility, which occurs when there is a strong positive appeal from the communicator of a message by the receiver, which in the case of a marketing advertisement, for example, leads to success for a company, as was the case mentioned in the question above, where a celebrity was used to communicate an advertising message that was strongly accepted by the potential public of the brand, which resulted in tripling sales of the product.

It is important to note that source credibility occurs when there is some relationship between the communicator and what is being communicated, such as the football player who promoted the new protein shake during the superbowl. Thus, there is a relationship between the player's characteristics and the product, broadcast in the ideal place and time where the potential consumers of that product are.

Alice was recently criticized for the poor performance of her store this quarter. When Alice stated that profits for the company overall were down for the quarter, she mentioned that recent highway construction in front of her store was the main reason for low profits. She presented reports that compared store sales along the highway versus other stores in her town to prove her point. This is an example of

Answers

Answer:

a. inoculation

Explanation:

THESE ARE THE OPTIONS FOR THE QUESTION

a. inoculation

b. inductive reasoning

c. deductive reasoning

d. cognitive dissonance

From the question we are informed about Alice who was recently criticized for the poor performance of her store this quarter. When Alice stated that profits for the company overall were down for the quarter, she mentioned that recent highway construction in front of her store was the main reason for low profits. She presented reports that compared store sales along the highway versus other stores in her town to prove her point. This case is an example of inoculation.

Inoculation approach can be regarded as a approach that is utilized in comparative advertising campaign so that consumer resistance can be built

to competitive products. This term was

derives from the medical term of

prevention of disease through the use of inoculations of little weakened doses of that disease so that natural defense system so that the body could be stimulated. For instance, inoculation message can be designed so that

teen cigarette smoking can be

discouraged.

John Maynard Keynes drew many economists ______________ the classical view. The classical view held that a market economy __________ regulate itself to avoid long periods of excessive unemployment. Question 5 options: toward; can toward; cannot away from; can away from; cannot

Answers

Answer:

The answer is "away from; can"

Explanation:

It concentrates upon on short-term change. Keynesian recommended increasing government expenditure & lower taxes, depending upon his theory, to stimulate demand and to pull the global economy out of depression. He believed the conventional economic theory didn't offer a strategy of ending depressions. He stated that uncertainty led individuals and companies to stop investment spending, and the state had to act to invest money to restore the market.

Why would a brand seek to establish points of parity?

A.
to show that it should be seen as equal to its competitors
B.
to steal market share from its competitors
C.
to undermine the campaign of its competitors
D.
to deliberately confuse customers

Answers

Answer:

A. to show that it should be seen as equal to its competitors

Explanation:

Marketing can be defined as the process of developing promotional techniques and sales strategies by a firm, so as to enhance the availability of goods and services to meet the needs of the end users or consumers through advertising and market research. Thus, it comprises of all the activities such as, identifying, anticipating set of medium and processes for creating, promoting, delivering, and exchanging goods and services that has value for customers. It typically, involves understanding customer needs, building and maintaining healthy relationships with them in order to scale up your business.

Corporate branding can be defined as an act which typically involves using a company's brand name in all of the advertisement process, to stimulate a favorable action on the part of the customers.

Points of parity refers to the basic elements that a business firm is required to have, so as to be considered by its customers and potential customers for the purchase of its products or services.

This ultimately implies that, a brand would seek to establish points of parity to show that it should be seen as equal to its competitors and as such able to offer the same product quality, expertise and satisfaction.

why is freshness of ingredients important in salad preparation​

Answers

it’s important because it gets you to be a skinny legend and you need greens to survive.
When preparing salads with fresh ingredients, your food can retain a lot more nutrients and vitamins compared to processed foods.

The fresher the ingredients of the salad the better and more authentic the taste of the ingredients. This is because fresh ingredients provide the most flavour compared to ingredients contained with preservatives.

Fresh ingredients are also better for your health. Because there aren’t any preservatives and extra chemicals and oils, it fulfills the purpose of the salad.

Although fresh ingredients may not be cheap to buy, in the long run it will be better for you body because it won’t be filled with processed foods. Instead it will be filled with fresh ingredients that are beneficial to your health.

A customer places a competitive bid through a primary dealer for $10,000,000 of 91-Day Treasury Bills at the weekly auction. The customer's bid wins. Settlement of the transaction will occur on the: A Same day as the auction B Business day following the auction date C Thursday following the auction date D Monday following the auction date

Answers

Answer:

C Thursday following the auction date

Explanation:

Based on the information given in a situation

were the customer's bid wins which means that the SETTLEMENT OF THE TRANSACTION of the amount of $10,000,000 which represent the COMPETITIVE BID amount will occur on THURSDAY FOLLOWING THE AUCTION DATE reason been that auctions are often carried out on Monday and Tuesday or either Monday or Tuesday, In this case the Competitive bid amount of $10,000,000 must be paid for by that thursday following the auction date.

What does a speech-language pathologist do?

Answers

Answer:

they help treat and prevent disorders affecting an adult or a childs swallowing.

Explanation:

so basically, people who have trouble speaking or swallow alot while trying to speak see a speech-language pathologist to get treatment to be able to prevent this from happening and improving their speech. Not all cases have to do with swallowing sometimes its just a persons speech itself, sometimes even lisps.

An economic system Multiple Choice requires a grouping of private markets linked to one another. is a particular set of institutional arrangements and a coordinating mechanism used to respond to the economizing problem. requires some sort of centralized authority (such as government) to coordinate economic activity. is a plan or scheme that allows a firm to make money at some other firm's expense.

Answers

Answer:

The correct answer is the second option: Is a particular set of institutional arrangements and a coordinating mechanism used to respond to the economizing problem.

Explanation:

To begin with, in the economic science the term known as "economic system" refers specifically to the set of institutions that are bound together with the only purpose of fighting against all the economic problems inside the economy itself. Therefore that those institutions work together concious and unconciously in order to avoid macroeconomic chaos in the country, so that the devolpment and growth of that particular economy can succeded in the process of making the most relevant activities in the main focus of it, like selling and buying, etc.

Sydnee would like a chart to appear once in her report, but she is having trouble making this occur. She does not understand why the chart is showing multiple times in the report. What is most likely causing the problem?

The chart is placed in the header and footer of a database.
The chart is placed in the field of a database.
The chart is placed in a database with one group.
The chart is placed in a database with five groups.

Answers

Answer:

The chart is placed in a database with five groups.

Hope this helped.

fid the higest common factor of
21a²b and 49ab² ​

Answers

Answer:

7ab

Explanation:

21a²b = 7ab * 3b

49ab² = 7ab * 7b

All of the following statements are true for both mutual funds and variable annuities that are in the accumulation phase EXCEPT: A both are regulated a under the Investment Company Act of 1940 B the underlying portfolios are managed C both investments grow tax-deferred D the return to investors is dependent on the performance of the securities in the underlying portfolio

Answers

Answer: C. both investments grow tax-deferred

Explanation:

A mutual fund consist of the money gotten from investors for the investment in securities such as bonds, stocks, money market instruments, etc.

A variable annuity is refered to as a non-exempt security as the purchaser is the on who bears the investment risk

The following are true for the mutual funds and the variable annuities that are in the accumulation phase:

• Both are regulated a under the Investment Company Act of 1940.

• The underlying portfolios are managed

• The return to investors is dependent on the performance of the securities in the underlying portfolio.

It should be noted that the option that both the mutual fund and the variable annuity grow tax-deferred is incorrect.

If interest rate parity holds between the US and a foreign country, transaction costs are zero, and the forward rate is an unbiased predictor of future spot rate, then the effective financing rate for a U.S company that borrows the foreign currency on a covered basis would be: Group of answer choices More than the foreign interest rate. Less than the foreign interest rate. Equal to the U.S. interest rate. Less than the U.S. interest rate. Equal to the foreign interest rate.

Answers

Answer:

E) Equal to the foreign interest rate

Explanation:

In the case when the US company borrowed the foreign currency so here the interest rate is applied and considered to be the foreign interest rate. When it is borrowed on a covered basis, the foreign currency risk should be hedged and the interest rate should be equivalent to the foreign country

Therefore the last option is correct

Airline Accessories has the following current assets: cash, $112 million; receivables, $104 million; inventory, $192 million; and other current assets, $28 million. Airline Accessories has the following liabilities: accounts payable, $118 million; current portion of long-term debt, $45 million; and long-term debt, $33 million. Based on these amounts, calculate the current ratio and the acid-test ratio for Airline Accessories. (Enter your answers in millions, not in dollars. For example, $5,500,000 should be entered as 5.5.)

Answers

Answer:

Current Ratio = 2.67

Acid-Test Ratio = 1.50

Explanation:

Given:

Current assets:

cash = $112 million

receivables = $104 million

inventory = $192 million

other current assets = $28 million

Liabilities:

accounts payable = $118 million

current portion of long-term debt = $45 million

Long-term debt = $33 million

FInd:

Current ratio

Acid-test ratio

Computation:

Current assets = Cash + Receivables + Inventory + Other Current Assets

Current assets = [112 + 104 + 192 + 28] Million

Current assets = $436 million

Current Liabilities = Accounts Payable + Current portion of Long term debt

Current Liabilities = [118 + 45] million

Current Liabilities = $163 million  

Current Ratio = Current assets / Current Liabilities

Current Ratio =  $436 Million / $163 Million

Current Ratio = 2.67  

Acid-Test Ratio = [Current Assets – Inventories] / Current Liabilities

Acid-Test Ratio = [$436 Million - $192 Million] / $163 Million  

Acid-Test Ratio = $244 Million / $163 Million

Acid-Test Ratio = 1.50  

When the economy is in short-run equilibrium, Question 8 options: there are increases in inventory. there are decreases in inventory. total expenditures equal total production. people want to buy more than will be produced.

Answers

Answer: total expenditures equal total production.

Explanation:

If an economy is going through a short-term equilibrium, it means that people/ consumers are buying/ demanding the same amount of goods being produced in the market.

Total expenditure shows the amount people spend on goods and services and total production shows the total amount produced. If these two are equal then the situation above holds true as it means that consumers are demanding the same quantity of goods and services produced.

How many milliliters are in 1 quart?

Answers

There are 946.353 milliliters in 1 quart

one of the Nigerian international seaport is in where​

Answers

Answer:

The Lagos Port Complex is Nigeria's biggest and busiest seaport, situated in Apapa, Lagos state over an area of about 200 hectares of land. Together with the Tin Can Island Port, this seaport serves the western region of the nation. The Lagos Port Complex serves as the country's economic gateway.

Explanation:

Suppose your boss has asked you to write a letter to a client about a problem with their order. What format of writing would you use, and what kind of style would you use to write? Justify your response.

Answers

Answer:

if my boss had asked me to write a letter to a client  It can begin with the word “Dear” followed by the person's name or the word “To.” Include a date at the top of the letter. Begin the letter with a brief introduction. Keep the introduction pleasant and conversational.

1. Use simple, plain English. No jargon.

2. Make sure there are no typos and all the provided information is “correct”.

3. Answer all the questions that have been asked (and any that may come after). ...

4. Tone. Using the right tone, that fits the reader (or customer) and the reason you're contacting them.

5. Never Use an Anonymous Greeting.

6.If in Doubt Use Mr/Mrs Instead of First Names.

7. Get Someone to Check the Name Is Right

8.Thank Them for Their Custom.

9.Offer Something in Return.

10.Place Important Information in the PS Section.

11.Add a Personal Touch.

12.Adopt a Clear and Striking Layout.

13.Express your gratitude, clearly stating why you're sending the note.

14.Include details about why enjoyed your experience with this customer — this is a prime opportunity to be specific and thoughtful.

15.Add the Date.

16.Identify Your Address.

17.Close the Letter.

18.Greet Your Reader.

19. last ,Repeat your thanks.

If a strategic plan is failing to meet its objectives, but the company's execution is deemed sufficient, management should first Multiple choice question. reconsider the assumptions that were used to formulate the strategic plan. pressure employees to improve their implementation efforts. start from stage one of the strategy process. set less ambitious objectives.

Answers

Answer:

The answer is "reconsider the assumptions that were used to formulate the strategic plan".

Explanation:

This strategic plan is a document used to improve objectives to achieve these objectives and all other essential aspects generated during the planning process to the company. That's why Whether the business strategy fails to meet its goals, but the performance of the business is judged enough, management must first s right the premises used in construct the comprehensive strategy.

In cultures where work gets done because of the relationship _____. Select one: a. the priority is on accomplishing the task. b. business meetings tend to be quick and to the point. c. people spend a great amout of time getting to know each other than working. d. interactions are informal.

Answers

Answer:

c. people spend a great amount of time getting to know each other than working.

Explanation:

In the cultures, the work should get done as because of the relationship that means the people spend a great amount of time in order to know each other personally other than for working purpose so that the mutual understanding between them could be created and accordingly they will communicate with one another

Therefore as per the given situation, the option c is correct

Designing an effective marketing mix conveys to potential buyers a clear customer value proposition, which is a _____. Multiple choice question. statement that claims to offer customers the lowest possible price for the products sold plan of action that an organization adopts to support its mission and goals proposition made to customers about ensuring quality manufacturing cluster of benefits that an organization promises customers to satisfy their needs

Answers

Answer:

cluster of benefits that an organization promises customers to satisfy their needs

Explanation:

In order to create an effective marketing mix that represent the potential buyer an accurate customer value i.e. the benefits are cluster in which an organization promised to the customer to satisfy their needs and wants. The customer value proposition refer to the total benefits in which the company promised to the customer the satisfaction in return of the payment done by the customer

Easy!! 30 points!!

Two countries produce coal and iron. Country A can produce a maximum of
500 tons of coal per day or 250 tons of iron. Country B can produce a
maximum of 900 tons of coal per day or 300 tons of iron. Which statement
best describes this situation?
A. Country A has an absolute advantage producing coal.
B. Country B has a comparative advantage producing iron.
C. Country A has an absolute advantage producing iron.
D. Country B has a comparative advantage producing coal.

Answers

Answer:

Country B has a comparative advantage producing coal.

Explanation:

I believe this is correct, if not let me know and I will fix it. I'm sorry in advance if it is incorrect.

In the situation as given above, the country B has an added comparative advantage of producing coal.

What is a comparative advantage?

An advantage that an individual or a group has over the other in terms of its capacities and capabilities, generally measured in quantitative terms, is known as a comparative advantage.

Here, Country B produces 300 tons of coal as against 250 tons of coal produced by Country A, and thus it holds a comparative advantage over the Country A.

Hence, option D holds true regarding the comparative advantage of country B over country A.

Learn more about comparative advantage here:

https://brainly.com/question/13221821

#SPJ2

Pangalan ng Tao Nagawa Resulta

Answers

Answer:

Po? ndi kopo maintindihan yung question

Guillermo's wife was recently diagnosed with breast cancer. Guillermo had to take a considerable amount of time off work to care for their children, and he was late in completing his portion of a large project. Guillermo never feared that his job was in jeopardy because of his absences or his delay in completion of work. Name the major job attitude relative to the above stated example.

Answers

Answer:

perceived organizational support

Explanation:

Since in the question it is mentioned that the wife is diagnosed with the cancer and so her husband want to time off from his work and take care for her children also at the same time he was late for finishing the portion of the large project due to this he feared a lot. So the major attitude in this situation is to have perceive the organization support as  the organization should understand his family situation and allow him the time to complete the project

or should allot to someone as the case may be

What helps in determining the reliability of a person with regard to repaying debts?

Answers

Answer: Credit score

Explanation:

A credit score is a used to show the creditworthiness of a consumer. It should be noted that the credit score is used by lenders to know if they should lend someone money or not.

The higher the credit score, the better the borrower will look to the potential lenders. It should be noted that the credit score is based on the credit history, total debts, repayment history etc.

On February 3, Smart Company sold merchandise in the amount of $4,100 to Truman Company, with credit terms of 2/10, n/30. The cost of the items sold is $2,830. Smart uses the perpetual inventory system and the gross method. Truman pays the invoice on February 8, and takes the appropriate discount. The journal entry that Smart makes on February 8 is:

Answers

Answer:

Dr Cash $4,018

Dr Sales discounts $82

Cr Accounts receivable $4,100

Explanation:

Based on the information given The Appropriate journal entry that Smart makes on February 8 is:

February 8

Dr Cash $4,018

Dr Sales discounts $82

Cr Accounts receivable $4,100

Workings:

Sales Discounts = $4,100 × .02

Sales Discounts= $82

Cash = $4,100 − $82

Cash = $4018

What quality does an organizational structure reflect?

a. the gross income of an organization
b. when an organization was established
c. how large an organization is
d. the demographics of the organization

Answers

Explanation:

d. the demographics of the organization

Master Mopeds Inc. has slightly different versions of the same moped for the American, European, and Asian markets. Its employees are grouped into divisions based on the market in which they have been assigned. This is an example of ________ departmentalization.

Answers

Answer:

"Geographical" is the correct answer.

Explanation:

The categorization procedure on something like a land-based foundation. If the consumers of a business are spread geographically, they can combine geographically-based employment, which is considered as Geographical departmentalization.Offerings could be developed to improve user impact on the world by offering customized services throughout a particular nation or location.

Keynesian Economic Theory postulates that production and economic growth are stimulated by: A Lower government spending and decreased government borrowing B Higher government spending and decreased government borrowing C Lower government spending and increased government borrowing D Higher government spending and increased government borrowing

Answers

Answer:

The correct answer is the option D: Higher government spending and increased government borrowing.

Explanation:

To begin with, in the economic science the "Keynesian Economic Theory" represents one of the most famous approach in the area and that specifically focus on the study of the economy as a whole with the purpose of stimulating the economy by increasing the government spending and borrowing in order to achieve a higher inversion in the public sector so that more jobs will be generate it and with that more spending from part of the workers will take place in favor of the private sector. It was developed by John Keynes in 1936 with the purpose of trying to give a different focus on the way the economy was handle after the Great Depression of 1929.  

Today, land in urban areas typically is used for housing, transportation, and other structures, rather than for agriculture, primarily due to __________. A. advancements being made in irrigation techniques B. fewer Americans engaging in agriculture C. people relying more on other areas of the economy D. transportation time and shipping costs being reduced

Answers

Answer:

D. transportation time and shipping costs being reduced

Explanation:

In the case of the urban areas, the used of housing, transportation, the other structures would be considered instead of the agriculture and this is because of the time incurred for the transportation and the cost of the shipping could be decreased

So as per the given situation, the option d is correct

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