BUSINESS COLLEGE

Gebler Company sells a product for $ 70 per unit. Variable costs are $ 25 per​ unit, and fixed costs are $ 2 comma 500 per month. The company expects to sell 570 units in September. Prepare an income statement for September using the contribution margin format.

Answers

Answer 1
Answer:

Answer:

Instructions are listed below

Explanation:

Giving the following information:

Gebler Company sells a product for $ 70 per unit.

Variable costs are $ 25 per​ unit.

Fixed costs are $ 2500 per month.

The company expects to sell 570 units in September.

Contribution income statement:

Sales= 70*570= $39,900

Variable costs= 570*25= 14250

Contribution margin= 25,650

Fixed costs= 2500

Net income= $23,150

Related Questions

Other things the same, a fall in an economy's overall level of prices tends to a. raise both the quantity demanded and supplied of goods and services. b. raise the quantity demanded of goods and services, but lower the quantity supplied. c. lower the quantity demanded of goods and services, but raise the quantity supplied. d. lower both the quantity demanded and the quantity supplied of goods and services.
Boney Corporation processes sugar beets that it purchases from farmers. Sugar beets are processed in batches. A batch of sugar beets costs $53 to buy from farmers and $18 to crush in the company's plant. Two intermediate products, beet fiber and beet juice, emerge from the crushing process. The beet fiber can be sold as is for $25 or processed further for $18 to make the end product industrial fiber that is sold for $39. The beet juice can be sold as is for $32 or processed further for $28 to make the end product refined sugar that is sold for $79.Which of the intermediate products should be processed further?Garrison 16e Rechecks 2017-09-13, 2017-11-11Multiple Choicebeet fiber should be processed into industrial fiber; beet juice should NOT be processed into refined sugarbeet fiber should be processed into industrial fiber; beet juice should be processed into refined sugarbeet fiber should NOT be processed into industrial fiber; beet juice should be processed into refined sugarbeet fiber should NOT be processed into industrial fiber; beet juice should NOT be processed into refined sugar
Review the liabilities section of the balance sheet for Rings and Things. What problem can you identify with the payroll information, particularly as it relates to how much the one employee gets paid? What solution would you offer Janet and Omar?
Suppose you have $10,000 in your checking account. You withdraw $500 cash from your account and hide it under your pillow for future use. If the required reserve ratio is 10%, what will be the maximum impact on money supply today as a result of your action?
Rice Dazzle Inc. has been making the same breakfast cereal for 50 years. Recently, sales have plummeted. To counteract this, the company created a new package that included an endorsement by a celebrity. As a result, sales increased close to previous highs. However, the cereal itself remained the same. According to the VRIO framework, is the new packaging a valuable resource for Rice Dazzle?

1. List names of all employees who are not from Department A00. 2. What is the average of all employee salaries? 3. Which employees earn more than average? 4. List names and salaries of employees earning more than $35,000. 5. Increase Ms. Haas's salary to $500,000 and then list her new monthly salary.

Answers

Please find schedule attached

Answer and Explanation:

1. Names of employees who are not from Department A00 include employees whose work department isn't A00 such as:

Michael Thompson, Sally Kwan, John Geyer, Irvin Stern etc(please refer to attachment)

2. Average of all employees salary = total employees salary /number of employees = $627415/25=$25096.6

3. There are 16 employees earning above the average salary of the employees, such as Christine Haas, Sally Kwan etc

4. There are 6 employees earning above $35000 such as Christine Haas, Michael Thompson, Sally Kwan, John Geyer etc

5. Ms. Haas currently makes $633000 yearly($52750 per month). If she makes $500000 per year then her salary per month will be $500000/12=$41666

Wholemark is an Internet order business that sells one popular New Year greeting card once a year. The cost of the paper on which the card is printed is $0.40 per card, and the cost of printing is $0.10 per card. The company receives $3.75 per card sold. Since the cards have the current year printed on them, unsold cards have no salvage value. Their customers are from the four areas: Los Angeles, Santa Monica, Hollywood, and Pasadena. Based on past data, the number of customers from each of the four regions is normally distributed with mean 2,300 and standard deviation 200. (Assume these four are independent.)What is the optimal production quantity for the card?

Answers

Answer:

≈ 9644 quantity of card

Explanation:

given data:

n = 4 regions/areas

mean demand = 2300

standard deviation = 200

cost of card (c) = $0.5

selling price (p) = $3.75

salvage value of card ( v ) = $ 0

The optimal production quantity for the card can be calculated using this formula below

= u + z (0.8667  ) * б

= 9200  +  1.110926 * 400

≈ 9644 quantity of card

First we have to find u

u = n * mean demand

 = 4 * 2300 = 9200

next we find the value of Z

Z = ( (p-c)/(p-v) )

   = ( 3.75 - 0.5 ) / 3.75   = 0.8667

Z( 0.8667 ) = 1.110926 ( using  excel formula : NORMSINV (0.8667 )

next we find б

б = 200√(n) = 400

The owners of a chain of​ fast-food restaurants spend $ 25 million installing donut makers in all their restaurants. This is expected to increase cash flows by $ 12 million per year for the next five years. If the discount rate is 6.6​%, were the owners correct in making the decision to install donut​ makers? Round answer to the nearest million.

Answers

Answer:

As the NPV of the project is $25 million and is positive, the owners made a correct decision to install donut makers.

Explanation:

An investment will add value when the Net Present Value of an investment is positive. The net Present Value (NPV) of an investment is the present value of all the future cash flows expected as a result of an investment less the initial cost of the project/investment.

As the cash flows from the investment will be a constant $12 million after equal intervals of time for a period of five years, this can be treated as an annuity and the NPV of the project can be calculated as the Present value of $12 million annuity less the initial cost of the investment of $25 million.

NPV = 12 * [ 1 - (1+0.066)^-5  /  0.066]  -  25

NPV = $24.73 million or $25 million rounded off to the nearest million

Keystone Computer Timeshare Company entered into the following transactions during May 2017. Describe the effect of each transaction on assets, liabilities, and stockholders' equity. 1. Purchased computers for $20,000 from Data Equipment on account. 2. Paid $3,000 cash for May rent on storage space. 3. Received $15,000 cash from customers for contracts billed in April. 4. Performed computer services for Ryan Construction Company for $2,700 cash. 5. Paid Midland Power Co. $11,000 cash for energy usage in May. 6. Stockholders invested an additional $32,000 in the business. 7. Paid Data Equipment for the computers purchased in (1) above. 8. Incurred advertising expense for May of $840 on account.

Answers

Answer:

The change in each transaction is indicated by the bold letter. Also the numerical value has benn added or subtracted. At each transaction the total of the assets and the total of the liabilities and Owner's equity remains the same.

Explanation:

Keystone Computer Timeshare Company

    Assets           =       Liabilities +           Owner's Equity

1. + Computers =       + Accounts Payable

 +$20,000=  +$20,000  +Owner's Equity

2. -Cash   + Computers = + Accounts Payable  +Owner's Equity- Expense

-3000 + 20,000= + 20,000 + OE - 3000

3. + Cash + Computers- Accounts Receivable  = + Accounts Payable  +Owner's Equity- Expense

12,000 + 20,000 - (15000) = + 20,000 + OE - 3000

4. + Cash + Computers- Accounts Receivable  = + Accounts Payable  +Owner's Equity- Expense+ revenue

12,000+2700 + 20,000 - (15000) = + 20,000 + OE - 3000+ 2700

5. - Cash + Computers- Accounts Receivable  = + Accounts Payable  +Owner's Equity- Expense+ revenue

1,000+2700 + 20,000 - (15000) = + 20,000 + OE - 3000+ 2700- 11000

6.  + Cash + Computers- Accounts Receivable  = + Accounts Payable  + Owner's Equity- Expense+ revenue

33000+2700 + 20,000 - (15000) = + 20,000 + 32000 - 14000+ 2700

7. -Cash + Computers- Accounts Receivable  = - Accounts Payable +Owner's Equity- Expense+ revenue

13000+2700 + 20,000 - (15000) =  32000 - 14000+ 2700

8. Cash + Computers- Accounts Receivable  = +Accounts Payable Owner's Equity- Expense+ revenue

13000+2700 + 20,000 - (15000) =  840 +32000 - 14000+ 2700- 840

13000+2700 + 20,000 - (15000) =840 + 19,860

Assets           =       Liabilities +           Owner's Equity

20,700          =                 840 + 19,860                  

The bold letter in each transaction denotes the change. Additionally, the numerical value has been increased or decreased. The totals of the assets, liabilities, and owner's equity remain constant from transaction to transaction.

Timeshare company Keystone Computer

   Assets are equal to Liabilities plus Owner's Equity.

1. Accounts Payable plus computers

$20,000 + Owner's Equity = $20,00

2. Owner's equity + Cash + Computers = + Accounts Payable + Expense

-3000 + 20,000= + 20,000 + OE - 3000

3. Accounts Payable + Owner's Equity + Cash + Computers - Accounts Receivable = Expense

12,000 + 20,000 - (15000) = + 20,000 + OE - 3000

4. Owner's equity + Cash + Computers + Accounts Receivable equals + Accounts Payable + Revenue + Expense

12,000+2700 + 20,000 - (15000) = + 20,000 + OE - 3000+ 2700

5. Owner's equity + Cash + Computers + Accounts Receivable + Accounts Payable = Expense + Revenue

1,000+2700 + 20,000 - (15000) = + 20,000 + OE - 3000+ 2700- 11000

6. Cash Computers = Accounts Payable + Accounts Receivable + Owner's Equity = Cost + Income

33000+2700 + 20,000 - (15000) = + 20,000 + 32000 - 14000+ 2700

7. Cash + Computers + Accounts Receivable = Owner's Equity + Accounts Payable + Expense + Revenue

13000+2700 + 20,000 - (15000) = 32000 - 14000+ 2700

8. Cash + Computers - Accounts Receivable - Accounts Payable = + Accounts Payable Owner's Equity - Expense + Revenue

13000+2700 + 20,000 - (15000) = 840 +32000 - 14000+ 2700- 840

13000+2700 + 20,000 - (15000) =840 + 19,860

Assets are equal to Liabilities plus Owner's Equity.

20,700 = 840 + 19,860                

Learn more about transactions here

brainly.com/question/33514705

#SPJ6

Highlight the possible risks and problems that should be address during the implementation process?

Answers

Answer:

In simple words, implementation process refers to the stage under which the strategies and plans are converted into actions. This is one of the main stages as the overall result depends highly on this stage.

In this stage, the supervisor should make sure that the workers are giving their fullest for the job, are the resources needed to perform the job available in adequate quantity.

The best way to implement any strategy is to make short goals with short time periods and evaluate each phase if he team is performing up to the mark.

The following information is available for Elliot Company. January 1, 2013 2013 December 31, 2013
Raw materials inventory $26,000 $30,000
Work in process inventory 13,500 22,200
Finished goods inventory 30,000 21,000
Materials purchased $170,000
Direct labor 220,000
Manufacturing overhead 180,000
Sales 800,00

Required:
Compute cost of goods manufactured $____________________

Answers

Answer:

The cost of goods manufactured is $557,300

Explanation:

In order to calculate the cost of goods manufactured we would have to make the following calculation:

cost of goods manufactured=Work in process inventory 1/1+Total manufacturing costs-Work in process 12/31

Work in process inventory 1/1)= $13,500

Total manufacturing costs=Direct materials used+Direct labor+Manufacturing overhead

Total manufacturing costs=166000+220000+180000=$566,000  

Work in process 12/31=$22,200

Cost of goods manufactured=$13,500+$566,000  -$22,200

Cost of goods manufactured=$557,300

The cost of goods manufactured is $557,300
Other Questions
True or false. The primary functions of price in a free market are to inform, direct, and motivate consumers and firms.
If you were a career woman and time for you to love to do becomes a problem,which would you prefer to use of your baking needs— a commercial prepared mix or a home prepared mix?What important factors did you consider in making your choice?
U.S. residents accounted for over 75 percent of cruise ship passengers, and U.S. ports had 8 million passengers leaving on cruises in 2004. The growth in cruise travel was phenomenal after the terrorist attacks on September 11, 2001. According to a situational analysis, this event created an _____ for the industry.
Your client, Brooke, decides to start saving for her son's college tuition. Her son was born today and will go to college at age 18 for four years. Brooke wants to save until her son's first year of college. Given the following information, what is the present value of the total amount that Brooke needs to have saved at the beginning of her son's first year of college? Current tuition: $15,000 Tuition inflation: 6.5% Brooke's investment return: 10%