Question 1 1. The following is Addison Corporation’s contribution format income statement for last month: Sales $1‚000‚000 Less: Variable Expenses $ 700‚000 Contribution Margin $ 300‚000 Less: Fixed Expenses $ 180‚000 Operating Income $ 120‚000 The company has no beginning or ending inventories. A total of 20‚000 units were produced and sold last month. What is the company’s margin of safety in dollars? $400 000 10
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behavior is vital to the manager’s decision-making role‚ because one of the main goals of management accounting is controlling costs. 15 Cost-Volume-Profit Analysis 1. 2. 3. 4. 5. 6. The Profit Equation Breakeven Point Margin of Safety Contribution Margin Contribution Margin Ratio What-if Analysis The Profit Equation Profit = SP(x) –VC(x) – TFC X = Quantity of units produced and sold SP = Selling price per unit VC = Variable cost per unit TFC = Total fixed cost Break-Even Point The break-even
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Contribution Margin and Break Even Point by ACC 202 Trident University July 22‚ 2011 Contribution Margin and Break Even Point I’m going to discuss Contribution margin and what it is and how it relates to companies and profits. Contribution margin is the amount remaining from sales revenue after variable expenses have been deducted. It is the amount available to cover fixed expenses such as lease agreements and then to provide profits for the period. Contribution margin is first
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Case Study: Contribution Margin and Variance Analysis By: Sachin Malhotra Student ID:xxxxxxxxx Presented To: Prof. G. Dunning Course: 04-70-256 Section 2 Date: November 28‚ 2008 Explanation of Profit Decline The decline in profits was due to a combination of various market‚ as well as‚ production factors. Firstly‚ the decreased market share was a major cause of the decline in the profits. This was quite surprising for a company that is operating in a growing market. The total market for
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because needs are seen as being related to traits. Madonna rocketed to stardom so quickly in 1984 that it obscured most of her musical virtues. (Erlewine‚ n.d.). One of Madonna’s greatest achievements is how she manipulated the public with not only her music‚ but her publicity and sexuality as well. Madonna was arguably the first female pop star to have complete control of her music as well as her image. Madonna moved from Michigan to New York in 1977 in hopes of becoming a ballet
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3–2 Payroll Accounting Employer’s FICA (OASDI) TaxesSuccessor Employer A SELF-EMPLOYED PERSONSelf-Employment Income Self-Employment OASDI/HI TaxesTaxable Year Reporting Self-Employment Income EMPLOYER IDENTIFICATION NUMBEREMPLOYEE’S APPLICATION FOR SOCIAL SECURITY CARD (FORM SS-5)Verifying Social Security NumbersRETURNS REQUIRED FOR SOCIAL SECURITY PURPOSESDeposit Requirements (Nonagricultural Workers) Monthly Semiweekly One-Day Credit Against the Required DepositsThe Safe Harbor
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and by Coppo di Marcovaldo f.i. may have been an apprentice to Coppo. 2. DEPICTION: Madonna and Child in Glory surrounded by six angels a. Basic info- a.i. This is one of Cimabue’s early works‚ a.i.1. painted in about 1280‚ before the Maestà di Santa Trinità. a.ii. The frame is decorated with twenty-six painted medallions depicting Christ and four angels‚ as well as prophets and saints. b. Madonna- representation of Mary‚ either alone or with her child Jesus. b.i. In this depiction-
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Encomium “On January 22‚ 2010 Madonna performed ‘Like a Prayer’ at ‘Hope for Haiti Now’ Telethon. The week before she endorsed the relief efforts of the charity organization ‘Partners in Health’‚ donating $250‚000 toward their work with victims of the Haitian earthquake. ‘Partners in Health’ works to bring modern medical care to the world’s poorest communities and it has had a presence in Haiti for 20 yrs.” (MTV News Top Stories) Madonna Louise Ciccone‚ best known as Madonna was born August 16‚ 1958
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Giovanni Bellini’s Madonna and Child and Carlo Crivelli’s Pieta are religious in nature and pertain to the life and death of Jesus Christ. Both works explore different themes on the same subject. Crivelli’s Madonna and Child represents a more human representation as the setting takes place in a room with familiar scenery and objects. The only hint of divine beings is the ever so light haloes around mother and child. Bellini’s Pieta‚ on the other hand‚ is encased in other worldly gold cameo of grief
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Mother in a Refugee Camp Chinua Achebe’s Mother in a Refugee Camp‚ paints the pathetic picture of a mother holding her dying son in her hands for the last time‚ portraying both the inevitability of death and the pain of those whose loved ones have died yet they live on in a harsh light. The poem starts with the poet comparing the scene of a mother holding her son in a refugee camp with the love and care which is usually depicted in all versions of Mary holding a ding Jesus in her arms. The poet
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