Homework Answers
Degree of operating leverage = Contribution margin/Operating income = 1865600/565600 = 3.30
So answer is d) 3.30
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Send to Gradebook < Prev Next > 01:18:15 Hide Timer Question 17 --/3 View Policies Current Attempt in Progress Ca...
Send to Gradebook < Prev Next > 01:08:10 Hide Timer Question 14 --/3 View Policies Current...
Send to Gradebook < Prev Next > 01:08:10 Hide Timer Question 14 --/3 View Policies Current Attempt in Progress Blossom Bottle Shop has two divisions, Wine and Beer. The sales mix is 70% Wine and 30% Beer. Blossom's annual fixed costs are estimated at $182400. The average selling price in the Wine division is $24 with a variable cost of $8.40. The average selling price in the Beer division is $8.40 with a variable cost of $4.20. What is the...
Send to Gradebook < Prev Next > 01:07:14 Hide Timer Question 22 --/3 View Policies Current Attempt in Progress Va...
Send to Gradebook < Prev Next > 01:07:14 Hide Timer Question 22 --/3 View Policies Current Attempt in Progress Vaughn Manufacturing has collected the following data concerning one of its products: Unit sales price $143 16000 Total sales units Unit cost $107 Total investment $1800000 The ROI percentage is NW O 27%. 37%. 42%. 32%. - Attempts: 0 of 1 used Save for Later Submit Answer < Prev Next > Send to Gradebook
Send to Gradebook Next> < Prev Question 16 -/1 View Policies Current Attempt in Progress Swifty...
Send to Gradebook Next> < Prev Question 16 -/1 View Policies Current Attempt in Progress Swifty Company had net credit sales during the year of $1300000 and cost of goods sold of $800000. The balance in accounts receivable at the beginning of the year was $150000, and the end of the year it was $110000. What was the accounts receivable turnover? 8.67 11.82 10.00 6.35 Attempts: 0 of 1 used Save for Later Submit Answer Send to Gradebook III
Send to Gradebook < Prev Next > Question 20 --/1 View Policies Current Attempt in Progress...
Send to Gradebook < Prev Next > Question 20 --/1 View Policies Current Attempt in Progress An aging of a company's accounts receivable indicates that $14400 are estimated to be uncollectible. If Allowance for Doubtful Accounts has a $1160 credit balance, the adjustment to record bad debts for the period will require a O debit to Allowance for Doubtful Accounts for $13240. O credit to Allowance for Doubtful Accounts for $14400. O debit to Bad Debt Expense for $14400. debit...
Send to Gradebook < Prev Next > Question 1 View Policies Current Attempt in Progress Hank...
Send to Gradebook < Prev Next > Question 1 View Policies Current Attempt in Progress Hank Itzek manufactures and sells homemade wine, and he wants to develop a standard cost per gallon. The following are required for production of a 190-gallon batch. 2,700 ounces of grape concentrate at $0.04 per ounce 285 pounds of granulated sugar at $0.56 per pound 323 lemons at $0.87 each 950 yeast tablets at $0.29 each 190 nutrient tablets at $0.14 each 2,700 ounces of...
CH 15 Homework Send to Gradebook < Prev Next > Question 3 View Policies Current Attempt...
CH 15 Homework Send to Gradebook < Prev Next > Question 3 View Policies Current Attempt in Progress Pharoah needs to borrow $8 million for an upgrade to its headquarters and manufacturing facility. Management has decided to borrow using a five-year term loan from its existing commercial bank. The prime rate is 3 percent, and Pharoah's current rating is prime +2.47 percent. The yield on a five-year U.S. Treasury note is 2.02 percent, and the three-month U.S. Treasury bill rate...
CH 14 Homework L Send to Gradebook Next <Prev Question 6 0/1 View Policies Show Attempt...
CH 14 Homework L Send to Gradebook Next <Prev Question 6 0/1 View Policies Show Attempt History Current Attempt in Progress Your answer is incorrect. The Carla Vista Bank requires borrowers to keep an 6 percent compensating balance. Gorman Jewels borrows $460,000 at a 8 percent stated APR. What is the effective interest rate on the loan? (Round answer to 2 decimal places, eg. 12.25 %) % Effective interest rate eTextbook and Media Attempts: 2 of 3 used Save for...
Send to Gradebook < Prev Next > Question 21 --/1 View Policies Current Attempt in Progress...
Send to Gradebook < Prev Next > Question 21 --/1 View Policies Current Attempt in Progress port An aging of a company's accounts receivable indicates that $15500 are estimated to be uncollectible. If Allowance for Doubtful Accounts has a $1180 credit balance, the adjustment to record bad debts for the period will require a debit to Allowance for Doubtful Accounts for $14320 O credit to Allowance for Doubtful Accounts for $15500. Odebit to Bad Debt Expense for $14320. debit to...
Send to Gradebook < Prev I Next > --/18 Question 2 View Policies Current Attempt in...
Send to Gradebook < Prev I Next > --/18 Question 2 View Policies Current Attempt in Progress Stefani Company has gathered the following information about its product. Direct materials: Each unit of product contains 3.10 pounds of materials. The average waste and spoilage per unit produced under normal conditions is 0.70 pounds. Materials cost $5 per pound, but Stefani always takes the 5.00% cash discount all of its suppliers offer. Freight costs average $0.45 per pound. Direct labor. Each unit...
TVM2 Send to Gradebook < Prev Next Question 3 /1 View Policies Current Attempt in Progress...
TVM2 Send to Gradebook < Prev Next Question 3 /1 View Policies Current Attempt in Progress Snyder Company is considering purchasing equipment. The equipment will produce the following cash inflows: Year 1, $35,500; Year 2, $39,500; and Year 3, $49,000. Snyder requires a minimum rate of return of 10 % Click here to view the factor table (For calculation purposes, use 5 decimal places as displayed in the foctor table provided) What is the maximum price Snyder should pay for...
Send to Gradebook < Prev Next > 01:08:10 Hide Timer Question 14 --/3 View Policies Current Attempt in Progress Blossom Bottle Shop has two divisions, Wine and Beer. The sales mix is 70% Wine and 30% Beer. Blossom's annual fixed costs are estimated at $182400. The average selling price in the Wine division is $24 with a variable cost of $8.40. The average selling price in the Beer division is $8.40 with a variable cost of $4.20. What is the...
Send to Gradebook < Prev Next > 01:07:14 Hide Timer Question 22 --/3 View Policies Current Attempt in Progress Vaughn Manufacturing has collected the following data concerning one of its products: Unit sales price $143 16000 Total sales units Unit cost $107 Total investment $1800000 The ROI percentage is NW O 27%. 37%. 42%. 32%. - Attempts: 0 of 1 used Save for Later Submit Answer < Prev Next > Send to Gradebook
Send to Gradebook Next> < Prev Question 16 -/1 View Policies Current Attempt in Progress Swifty Company had net credit sales during the year of $1300000 and cost of goods sold of $800000. The balance in accounts receivable at the beginning of the year was $150000, and the end of the year it was $110000. What was the accounts receivable turnover? 8.67 11.82 10.00 6.35 Attempts: 0 of 1 used Save for Later Submit Answer Send to Gradebook III
Send to Gradebook < Prev Next > Question 20 --/1 View Policies Current Attempt in Progress An aging of a company's accounts receivable indicates that $14400 are estimated to be uncollectible. If Allowance for Doubtful Accounts has a $1160 credit balance, the adjustment to record bad debts for the period will require a O debit to Allowance for Doubtful Accounts for $13240. O credit to Allowance for Doubtful Accounts for $14400. O debit to Bad Debt Expense for $14400. debit...
Send to Gradebook < Prev Next > Question 1 View Policies Current Attempt in Progress Hank Itzek manufactures and sells homemade wine, and he wants to develop a standard cost per gallon. The following are required for production of a 190-gallon batch. 2,700 ounces of grape concentrate at $0.04 per ounce 285 pounds of granulated sugar at $0.56 per pound 323 lemons at $0.87 each 950 yeast tablets at $0.29 each 190 nutrient tablets at $0.14 each 2,700 ounces of...
CH 15 Homework Send to Gradebook < Prev Next > Question 3 View Policies Current Attempt in Progress Pharoah needs to borrow $8 million for an upgrade to its headquarters and manufacturing facility. Management has decided to borrow using a five-year term loan from its existing commercial bank. The prime rate is 3 percent, and Pharoah's current rating is prime +2.47 percent. The yield on a five-year U.S. Treasury note is 2.02 percent, and the three-month U.S. Treasury bill rate...
CH 14 Homework L Send to Gradebook Next <Prev Question 6 0/1 View Policies Show Attempt History Current Attempt in Progress Your answer is incorrect. The Carla Vista Bank requires borrowers to keep an 6 percent compensating balance. Gorman Jewels borrows $460,000 at a 8 percent stated APR. What is the effective interest rate on the loan? (Round answer to 2 decimal places, eg. 12.25 %) % Effective interest rate eTextbook and Media Attempts: 2 of 3 used Save for...
Send to Gradebook < Prev Next > Question 21 --/1 View Policies Current Attempt in Progress port An aging of a company's accounts receivable indicates that $15500 are estimated to be uncollectible. If Allowance for Doubtful Accounts has a $1180 credit balance, the adjustment to record bad debts for the period will require a debit to Allowance for Doubtful Accounts for $14320 O credit to Allowance for Doubtful Accounts for $15500. Odebit to Bad Debt Expense for $14320. debit to...
Send to Gradebook < Prev I Next > --/18 Question 2 View Policies Current Attempt in Progress Stefani Company has gathered the following information about its product. Direct materials: Each unit of product contains 3.10 pounds of materials. The average waste and spoilage per unit produced under normal conditions is 0.70 pounds. Materials cost $5 per pound, but Stefani always takes the 5.00% cash discount all of its suppliers offer. Freight costs average $0.45 per pound. Direct labor. Each unit...
TVM2 Send to Gradebook < Prev Next Question 3 /1 View Policies Current Attempt in Progress Snyder Company is considering purchasing equipment. The equipment will produce the following cash inflows: Year 1, $35,500; Year 2, $39,500; and Year 3, $49,000. Snyder requires a minimum rate of return of 10 % Click here to view the factor table (For calculation purposes, use 5 decimal places as displayed in the foctor table provided) What is the maximum price Snyder should pay for...
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