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 points Question 2 1. The following is Addison Corporation’s contribution
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2. The contribution margin per chair for the Colonial model is: A) $51. B) $16. C) $35. D) $25. The answer is b. CM = P-V = $60 - $35 - $9 = $16. Page 1 3. If the sales mix and sales units are as expected‚ the break-even in sales dollars is closest to: A) $132‚000. B) $148‚500. C) $143‚000. D) $139‚764. Price: Variable Costs: Contribution Margin: Contribution Margin Ratio: The answer is c. Colonial to Early American Sales Mix: 3:1 Weighted Average Contribution Margin Ratio: .75(.2667) +.25(
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used? Will trends in these ratios always move in the same direction? All the three bases are used to find the return earned with respective to sales as well as investment made. When the profit is compared with sales‚ it is called as the net profit margin. When the profit is compared with assets‚ it is called as return earned on total investment and when profit is compared with stockholders’ equity‚ it is called as return on equity. All these are profitability ratios and help to analyze the profitability
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373). Critical race theory is a notion that provides critical analyses on the subject of race‚ racism‚ and discrimination from a legal perspective. Specifically‚ she focuses on an ethnographic study that she has conducted at a high school’s ESL program. According to Malsbary
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Control Theory. Hirschi attempted to answer the questions surrounding human behavior‚ why people make decisions that clash with societal norms‚ and how society can better control and prevent crimes from being committed. Hirschi’s theory is still relevant and still being discussed and researched almost 50 years later. The idea behind the Social Control Theory is that an individual breaks the law because of a breakdown with their bond with society (Schubert‚ 2016). Understanding Hirshci’s theory is important
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SUMMARY Piaget was born in Neuchâtel‚ in the Francophone region of Switzerland. He was born on August 9‚ 1896 and he died on September 16‚ 1980 at the age of 84. He was also known as constructivism‚ theory of cognitive development‚ object permanence‚ egocentrism and also a genetic epistemology‚ which is the study of knowledge. Piaget was a precocious child who developed an interest in biology and the natural world. In the 1920s Piaget observed children reasoning and understanding differently‚ depending
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Being Wrong: Adventures in the Margin of Error Being wrong and having someone tell you that your wrong isn’t a good feeling. Many people feel like they can never be wrong and in my opinion that’s a very ignorant way to think. No one was made perfect and I say that to say this‚ being wrong is imbedded in our human DNA. That’s why in mathematics and science they have formulas that have human error or margin of error as variables in their calculations. I remember one day I was arguing with a friend
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and nearby Euro countries. 2. Mission’s price for the coupling in questions (PT40) is $1.26‚ FOB‚ Los Angeles. The target gross margin for exports is 30% FOB $1.26 (location Los Angeles) COGS $ .88 (Fixed) GTM $0.38 CIF $1.3627= $1.36 FOB (1.05) (1.03)= 1.0815 Pricing FOB $1.33- $.88= $.45 $1.54- $.88=$.66 Target (Gross Margin for exports 30%) 3. Mission has a reputation for high prices in the US‚ and running the factory below capacity limits will raise
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The social comparison theory was initially proposed by Leon Festinger in 1954. This theory states how we tend to compare ourselves to others as we develop‚ and learn more about ourselves. Festinger stated that‚ “Social comparison theory proposes that people have a drive to evaluate their progress and standing on various aspects of their lives and‚ in the absence of objective standards‚ people compare themselves to others to know where they stand” (Fardouly‚ Diedrichs‚ Vartanian‚ Halliwell‚ 2015)
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Alfred Adler’s Personality Theory: A Reflection on What Really Ate at Gilbert Grape Johnathan Quach University of California‚ Irvine Alfred Adler’s Personality Theory: A Reflection on What Really Ate at Gilbert Grape Abstract This essay aims to provide a psychological personality analysis of Gilbert Grape‚ the main character of the film What’s Eating Gilbert Grape‚ through Alfred Adler’s fulfillment theory. In his approach to personality psychology‚ Adler places great emphasis
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