The following information is available for Sheridan Company:

Sales $670000
Total fixed expenses $150000
Cost of goods sold 470000
Total variable expenses 420000

A CVP income statement would report:_______

a. Gross profit of $160,000
b. contribution margin of $400,000
c. gross profit of $190,000
d. contribution margin of $190,000

Answers

Answer 1

Answer:

The answer is $250,000

Explanation:

NOTE: The answer to the question is not among the options.

Contribution margin in Cost-Volume-Profit (CVP) is sales minus variable cost.

Sales - $670,000

Total variable expenses $420,000

Therefore in CVP income statement, contribution margin is:

$670,000 - $420,000

= $250,000.

Gross profit is can never be calculated in CVP income statement


Related Questions

Toyota's just- in- time system is an example of using transfer pricing to avoid price controls. backward (upstream) integration. quasi-vertical integration. horizontal, downstream integration.

Answers

Answer:

quasi vertical integration

Explanation:

Quasi vertical integration is the vertical integration in which there is ownership by one firm i.e. downstream that closed to point where consumption ends or the upstream where the specialized tool and equipment are used

Also the firm that controls has a strong position but it is less as compared with the real vertical integration

Therefore according to the given situation, the second option is correct

Advertising could be referred to as _____________________. making the existence of a commodity known to the public and encouraging them to buy getting the government informed about the procedures in courts none of the options making the closure of manufacturing concern

Answers

Answer:

Making the existence of a commodity known to the public and encouraging them to buy.

Explanation:

Pls help pls

Why is there a huge demand of professionals in the field of agriculture??

Answers

Agriculture is a important field in countries development.Agriculture contributes 10-50℅ GDP to most of the countries.Agricultural determines the Development rankings.Agriculture helps the country to feed all the citizens .Hence there is a huge demand of professionals

what's stock exchange?​

Answers

Answer:

A good way to either go bankrupt or to make millions

Explanation:

Answer:

It is a place where shares of pubic listed companies are traded

Firms that follow variable-cost pricing Multiple Choice sell their products at lower net prices abroad than in the domestic market. ensure that no unit of a similar product is different from any other unit in terms of cost. tend to have high variable costs relative to fixed costs. often do so to maximize revenue by matching demand with a limited supply. ensure that each unit bears its full share of the total fixed and variable cost.

Answers

Answer:

Sell their products at lower net prices abroad than in the domestic market

Explanation:

Variable costing is a product costing method where only the variable manufacturing cost like the cost of direct materials ,labor and the variable manufacturing overhead are factored into the cost of production. This does not consider a complete cost like the absorption method of costing and as a result , the final overall cost is lower,

Using variable cost males it possible to sell products at lower net prices abroad compared to the domestics market as the tax laws of various country requires absorption method , hence it is not captures using variable costing.

Bob has been training with you for three months. He has lost 15 pounds (7 kg) and has changed his eating habits. A new position with his company is going to require him to travel around the country almost every week. In terms to eating healthy in restaurants, what information would be most beneficial to him

Answers

Answer: Select smaller portions, order grilled items vs. fried, and limit sauces

Exercise often

Explanation:

Dieting asides it involving food has great discipline that is most important. In as much as an individual stops some meal or limit taking some, he needs to be consistent in the decision to stick by appying discipline in eating irrespective of their location, with the goal that was in the mind when the process began. Bob would have to continue with the same routine of food that made him loose weight and what I'll recommend for him would be Select smaller portions, order grilled items vs. fried, and limit sauces. Then, exercise often.

I'maSolarPanelCo. manufactures and distributes solar panels in the US market. Two years ago, it had 5 US competitors, but government stimulus in the industry has encouraged 7 new US competitors to enter the market. In these circumstances, I'maSolarPanelCo.'s price for its output
a. can be tailored to exceed the price of its inputs.
b. is dictated by the forces of demand and supply.
c. can be tailored to meet the price of its inputs.
d. can be set by management to maximize profits.

Answers

Answer:

B

Explanation:

The situation of the market as described in the scenario is a competitive market. In a competitive market , there are numerous producers that are always in competition with one another . This has taken away the power of dictating the market from just a particular producer . unlike in a monopoly situation.

Price setting is a perfect competition is determined by the market forces of demand and supply.

The owners of a local deli routinely try to develop new menu items and seek better ways of helping their customers; this is an example of Multiple Choice the production objective. innovation. MBO. efficiency. synergy.

Answers

Answer: Innovation

Explanation:

Innovation simply means a creative thought that brings about a new concept, new idea or a better way of doing something.

The owners of a local deli routinely try to develop new menu items and seek better ways of helping their customers is an example of innovation.

Under this kind of program, cities demolished poor neighborhoods in city centers that occupied potentially valuable real estate; in its place were constructed retail centers and all-white middle-income housing complexes. a.white flight b.neighborhood stabilization program c.urban renewal d.suburbs

Answers

The description explained depicts urban renewal.

Urban renewal were the policies that were out in place to enable housing authorities and local governments to demolish the neighborhoods that were considered to be blighted and poor and then replace such neighborhoods with real estate that were more valuable and were usually reserved for the white people.

Houses that were seen to be slums were destroyed and newer and fascinating neighborhood were constructed.

In conclusion, the correct option is C "urban renewal".

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What type of analysis is indicated by the following? Increase (Decrease) Year 2 Year 1 Amount Percent Current assets $380,000 $400,000 $(20,000) (5)% Fixed assets 1,680,000 1,500,000 180,000 12%

Answers

Answer:

Horizontal Analysis

Explanation:

Horizontal analysis can be seen as the type of analysis that effectively and efficiently carryout comparison of a company or an organisation account balance as well as the company ratio which is why HORIZONTAL ANALYSIS is essential and vital for the success of a company or an organisation because it enables the company to know how well they are doing financially or to enable the company know whether they are making profit or loss. EXAMPLE Horizontal analysis occur when a company or an organisation compare their sales in year 1 with that of their sales is year 2.

What are some subject areas PAS prepares students for? Check all that apply.
health science
hospitality
agricultural machinery
information technology
landscape design
food science

Answers

Agriculture machine
Agriculture sales career
College bowl
Crop specialist
Dairy specialist
Employment interview
Livestock specialist
Equine science
Planning for process
Soil science
Speakers for agriculture program

Answer:

Agricultural

Landscape

Food science

Explanation:

Just took the quiz

Jill wants to start her own business, but knows little about how to set up an accounting system or interpret financial information. "I'm not worried about accounting," she tells her friends. "I'll just hire a part-time bookkeeper to handle all that type of stuff, and focus my attention on what I like—finding ways to satisfy my customers." Which of the following is the best response to Jill's comments?A. Fine. Just make sure the bookkeeper you hire knows how to use a database, since this type of software is the heart of any efficient accounting system. B. Although you can hire someone to keep your books, you'll still need to know how to read, understand, and interpret basic accounting reports in order to make good business decisions. C. Most entrepreneurs would agree with your opinion. The work done by accountants is mainly clerical in nature, so time spent by business owners on accounting tends to take them away from more important tasks. D. You have a good plan. Only managers of large firms require knowledge of accounting. Owners and managers of small businesses can easily get by with just a part-time bookkeeper.

Answers

Answer:

B. Although you can hire someone to keep your books, you'll still need to know how to read, understand, and interpret basic accounting reports in order to make good business decisions

Explanation:

You may employ someone to manage the accounts, but you do need to know how to read, understand, and interpret simple reports of accounting to make sound business decisions, as well as understanding whether someone is committing fraud with you. A simple knowledge can help with all of this.

The smooth operation of a company is practically impossible without being able to interpret, comprehend and evaluate accounting reports and financial statements.

Therefore according to the given situation, the correct answer is b

You received an email this morning where the content didnât align with the subject or the context in which you were receiving it. It was a jarring experience for you. What was this email not doing?

Answers

Answer:

not creating the right email by bringing content and context together

Explanation:

This email was apparently not creating the right email by bringing content and context together. A correct e-mail message needs to connect the content (details) and context (subject) together in order for the receiver to better understand what the message is in regards to and what the full details actually are. Otherwise, the message will either be misunderstood and/or ignored all-together, many times thinking that the message is just spam.

Which of the following best describes the valuation​ principle? A. The rate at which we can exchange money today for money in the future by borrowing or investing is the current market interest rate and is same across all banks. B. It is not possible to compare costs and benefits that occur at different points in​ time, in different​ currencies, or with different risks. C. The value of a commodity or an asset to a firm or its investors is determined by its competitive market price. When the value of the benefits exceeds the value of the costs in terms of market​ prices, the decision will increase the market value of the firm. D. If equivalent goods or securities trade simultaneously in different markets across the​ world, they will trade for the same price.

Answers

Answer:

C. The value of a commodity or an asset to a firm or its investors is determined by its competitive market price. When the value of the benefits exceeds the value of the costs in terms of market​ prices, the decision will increase the market value of the firm.

Explanation:

Valuation principle is the process by which fair value of an asset is evaluated. It is determined by comparing its competitive market price against its benefits.

As the benefits of an asset exceeds its cost of purchase it increases in value.

Various methods are used to value an asset based on present value and projected value.

For example an analyst can consider the future purchasing power of a stock and use this as a basis for valuation rating

At his last review, Lazar was told that his reports succeed at projecting a positive tone, but do not seem objective enough. Lazar has asked you, as a trusted colleague, to give him advice on how to improve that aspect of his work. Which of the following will you tell him?A. Use bulleted or enumerated lists to reduce the density of information.B. Provide information, analysis, and advice that is sound, reliable, and unbiased.C. Include an executive summary that provides the quick story of the report.D. Provide a well-designed table of contents.E. Use tables and charts in your report to represent numerical information.

Answers

Answer:

B

Explanation:

One of the top characteristics of a good report is that it must maintain a good degree of objectivity .In a good report , enthusiasm and positive emotion should not overtake the judgement of the writer. This means that it must tot be biased in any way and at the same time delivers the desired objective.

Advising Lazar on improving his report , he has to provide information, analysis, and advice that is sound , reliable , and unbiased.

If the dollar appreciates, perhaps because of speculation or government policy, then U.S. net exports Group of answer choices increase which shifts aggregate demand right. increase which shifts aggregate demand left. decrease which shifts aggregate demand right. decrease which shifts aggregate demand left.

Answers

Answer: decrease which shifts aggregate demand left

Explanation:

Net exports is calculated when the value of a nation's total imports is deducted from the value of the nation's total exports.

When the dollar appreciates, perhaps because of speculation or government policy, then U.S. net exports decrease which shifts aggregate demand left. This is because due to the appreciation, goods that are made in other countries, that's the import will become cheaper and import rises while export reduces.

Glenda, the plant manager for ABC Corporation, views the results from the latest survey of employee attitudes. The results show that job satisfaction in the manufacturing plant has dropped significantly since the last survey. This is a ________ source of change.

Answers

Answer:

Human resource problem

Explanation:

Human resources is defined as the people that make up the workforce of a business entity. It is also termed manpower, labour, and personel that make up the employee base of a company.

Considerations of human resources are welfare, benefits, hiring, training, and records. These activities have to be satisfactory to maintain a productive workforce.

In the given scenario Glenda views the results of job satisfaction in the manufacturing plant and notices it has dropped significantly since the last survey.

This is a sign that there is a problem related to the human resources of the company.

Job satisfaction will need to be improved to increase employee productivity

Lewis works in a marketing firm and is assigned a very energetic team however lately has not experienced much growth in his career what can he do to boost his career growth? A. always ask for more resources during difficult times. B. ask for a different team to work with. C. offer creative solutions to problems during team discussions. D. post derogatory messages about the company on social media.

Answers

Answer:

C

Explanation:

The correct option would be to be offering creative solutions to problems during team discussions.

Offering creative solutions to problems will raise the general performance of the marketing team which will eventually rub off on the career of Lewis himself. The higher the performance of the marketing team, the more growth the career of Lewis would experience.

Asking for more resources or different teams to work with might not solve any problem and worse still, might not be sustainable. Posting derogatory messages about the company on social media is definitely a good way to go down career-wise.

Correct option: C.

Sunland Real Estate Company management is planning to fund a development project by issuing 10-year zero coupon bonds with a face value of $1,000. Assuming semiannual compounding, what will be the price of these bonds if the appropriate discount rate is 9.8 percent?

Answers

Answer:

$384.141

Explanation:

Given the following :

Discount rate (r) = 9.8%

Semi-annual compounding

Face value = $1000

Period (t) = 10 years

Price of zero-coupon bond (P) :

Face value / ( 1 + r)^t

r =. 9.8%, compounded semianually

r = (9.8 / 100) = 0.098 / 2 = 0.049

Period (t) = 10 * 2 = 20

P = 1000 / (1 + 0.049)^20

P = 1000 / 1.049^20

P = 1000 / 2.6032

P = 384.14062

P = $384.141 ( 3 decimal places)

Eve files a suit against Financial Associates, Inc. (FA), to enforce an oral contract that would otherwise be unenforceable under the Statute of Frauds. The court could enforce such a contract if

Answers

Answer:

Eve foreseeably, justifiably, and detrimentally relied on a promise by FA

Explanation:

In this situation, the court could enforce such a contract if Eve foreseeably, justifiably, and detrimentally relied on a promise by FA. Meaning that the consequences that occurred were caused by the promise that was made to Eve by  Financial Associates, Inc. (FA), which ultimately led to Eve making decisions that she otherwise would not have done if FA never made that promise.

The project will need an initial investment of $1,200,000 and will generate $600,000 (after-tax) cash flows for three years. However, at the end of the fourth year, the project will generate -$500,000 of after-tax cash flow due to dismantling costs. Calculate the IRR for the project if the cost of capital is 15%.

Answers

Answer:

6.53%

Explanation:

Internal rate of return is the discount rate that equates the after tax cash flows from an investment to the amount invested

IRR can be calculated using a financial calculator

Cash flow in year 0 = $-1,200,000

Cash flow each ueaar from year 1 o 3 = $600,000

Cash flow in year 4 = $-500,000

IRR = 6.53%

To find the IRR using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the IRR button and then press the compute button.  

John has a rental application for a unit in his four-plex from a man in a wheel chair. The man wants to install a ramp by the back door and change a cabinet in the bathroom to allow the wheel chair to slide under. What are John’s choices as the unit owner?

Answers

Answer:

The modifications cannot be refused; the tenant can pay and should restore to original condition upon move out.

Explanation:

As it is mentioned that John has a rental application for a unit that means he is paying rent for that unit also he is unable to refuse it also if the renovation is done by the owner so the charges should be paid by tenant. For any modification, the tenant permission is important but the cost that are incurred is to be born by the tenant

A more professional focus of running events started to take place during the late 1800s. The catalyst for such a professional focus emphasis occurred due to A. the number of career opportunities. B. the multitude of events that were occurring. C. television's impact on events. D. a desire to increase profits.

Answers

Answer: D. a desire to increase profits

Explanation:

During the late 1800s, a more professional focus of running events began to take place. The main reason for such a professional focus emphasis occurred due to a desire to increase profits.

It was realized that having a more professional focus on running events could bring about more funds and also bring about more intersted spectators.

Liam is willing to buy the last ticket to the avant premier of Star Wars for $15, while Alexander is willing to pay $20. Liam is first in line and buys a ticket for $15. Liam could sell his ticket to Alexander for $18, but he can't because of government regulation preventing the reselling of tickets. The regulation, then, is causing:

Answers

Answer:

Potential total surplus to increase.

Explanation:

As we know that:

Producer Surplus = Market value - Minimum price to sell

This means that for Liam:

Market value at which he can sell the ticket was $18 and the minimum price was $15

By putting values, we have:

Liam's surplus = $18 - $15 = $3

Now

Consumer Surplus = Consumer willing to Pay - Consumer Paid

For Alexander, the amount he was willing to pay was $20 and what he actually paid was $18 if the regulation hasn't intervened.

Alexander's surplus = $20 - $18 = $2

This means that the regulation prevents the increase in the potential total surplus and this has increased the dead weight loss of $5.

In concert with quality management programs, _______ controls help monitor the quality of goods or services at each step in the production process to alert managers to problems. feedforward concurrent feedback bureaucratic clan

Answers

Answer:

The correct answer is B) Concurrent Controls

Explanation:

Concurrent controls is a management sub-concept in Organisational Control.

Concurrent control is exerted while the activity such as production or manufacturing or service delivery is ongoing, not before or after.

If the control is executed afterwards, it no longer Concurrent but Feedback Control.

Another word for concurrent control is "Yes-No" control or Screening control. Where this is deployed, regular checks are put in place in real-time to ensure that timely course correction is made during the event.

Cheers!

"An investor has a portfolio of diversified blue chip stocks with a current market value of $350,000. The portfolio has a computed beta factor of 1.8. The customer wants to protect the portfolio from a declining market with the use of OEX contracts. The OEX closed this day at 350. To hedge with "at the money" contracts, the customer should:"

Answers

Answer: Buy 18 contracts

Explanation:

Hedging against the risk involved in an investment means the use of market strategies or financial instruments to offset risk.

When there is a drop in the market value, any loss that is incurred on the portfolio will have to be offset by the long puts gain. This implies that 10 put contracts will have to be required for hedging. This is calculated as:

= $350,000/(350 × 100)

= $350,000/35,000

= 10 contracts

Since the portfolio has a computed beta factor of 1.8, we then multiply 10 by 1.8. This will be:

= 10 × 1.8

= 18 contracts.

Under the NASAA model custody rule, an investment adviser would be considered to have custody of client assets if that adviser inadvertently receives:
i. a check from a client from a client made out to the IA and does not return the check within 24 hours
ii. a check from a client made out to a third party and Does not forward the check within 3 business days
iii. stock certificates from a client and does not forward them within 3 business days
iv. stock certificates from a client and does noT return them within 3 business days

Answers

Answer:

(ii) A check from a client made out to a third party and does not forward the check within 3 business days .

(iv) Stock certificates from a client and does not return them within 3 business days.

Explanation:

As per the NASAA model custody rule, the investment advisor will have the custody of the assets of the client an associated person only if the adviser accidentally receives ' a check has been made by the client to the third party but it is not forwarded within three business days' and when 'the certificates of stocks from the client not returned to them within three business days.' Thus, these indirect documents make the adviser eligible to have custody of client's possessions. Thus, the options ii and iv are the correct answers.

the total export was 1 500 000 and the total import was 2 250 000 .. Calculate the balance of trade?​

Answers

Answer:

-750,000

Explanation:

The export is generally the profit, or the amount gained from selling (either a service or a product). The import is the loss, as you pay for the commodity or service.

In this case:

Total import: 2 250 000

Total export: 1 500 000

2 250 000 -  1 500 000 = 750 000

The balance of trade is: -750,000 (or a loss of 750k).

~

Michaela is comparing two companies using three years of financial statement data. Company A's net income for the three years was $200 million and its operating cash flows $80 million. Company B's net income for the three years was $120 million and its operating cash flows $110 million. Which company appears to have a higher quality net income

Answers

Answer: Company B

Explanation:

From the question, we are informed that Michaela is comparing two companies using three years of financial statement data and that while Company A's net income for the three years was $200 million and its operating cash flows $80 million, Company B's net income for the three years was $120 million and its operating cash flows $110 million.

The company with higher quality net income is company B. This is because the income of Company B backed strongly by the operating cash flows unlike company A which isn't backed strongly.

what will happen to trade if business is flourishing?​

Answers

Answer:

if the business is florishing, as an example Medical sectors during pandemic they are going to grow till they are in a high demand

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Acme Companys production budget for August is 17,600 units and includes the following component unit costs: direct materials, $7.70; direct labor, $10.10; variable overhead, $6.20. Budgeted fixed overhead is $33,000. Actual production in August was 18,810 units. Actual unit component costs incurred during August include direct materials, $8.50; direct labor, $9.10; variable overhead, $6.90. Actual fixed overhead was $34,600. The standard direct material cost per unit consists of 11 pounds of raw material at $0.7 per pound. During August, 319,770 pounds of raw material were used that were purchased at $0.50 per pound.Required:Calculate the materials price variance and materials usage variance for August. In the 2004 Olympic games Russia, China and the United States won a total of 96 gold medallions if the United States won 4 more medals than China and the medals achieved by the United States and Russia are twice those obtained by China determine the number of gold medals won by Russia Which of the following could be the equation of the line passing through (8, 3) parallel to y = -2. Lee y escoge la opcin con la forma correcta del condicional para completar la frase. Read and choose the option with the correct form of the conditional to complete the sentence. Si las maestras tuvieran ms dinero, ellas ________ ms recursos para los estudiantes. comprarn compraran compraban compraron NEED HELP ASAP WILL MARK BRAINLIEST PLEASE HELPRead this passage from Giovanna's evaluation of an argument claiming that climate change is not affected by human activity. Niemand's article on climate change in the editorial section of today's newspaper offers a weak argument. His reasoning consists of little more than unsubstantiated assertions that climate change is not affected by human activity. In an effective evaluation, which element would follow this statement? a summary of Niemand's claim text evidence from Niemand's argument a restatement of Giovanna's evaluation the name and source of Niemand's article How many times does the digit 9 appear in the list of all integers from 1 to 500? (The number $ 99 $, for example, is counted twice, because $9$ appears two times in it.) The LMand LNalleles at the MN blood-group locus exhibit codominance. Give the expected genotypes and phenotypes and their ratios in progeny resulting from the following crosses.a.LMLM x LMLNb.LNLN x LNLNc.LMLN x LMLNd.LMLN x LNLNe.LMLM x LNLN Which of the following best describes the cosmology of the ancient Egyptians in North Africa? Multiple Choice They viewed the world as a series of concentric, crystalline spheres. They viewed the world as a sphere. They viewed the world as a flat disk in space. They viewed the world as a flat platter floating on water. A chemical engineer is developing a process for producing a new chemical. One step in the process involves allowing a solution of potassium hydroxide to react with a solid. Which action would most likely increase the reaction rate for this step? using larger pieces of the solid using a more concentrated potassium hydroxide solution adding water to the system Describe fully the single transformation that takes shape A to shape B. It is a ...... angle ...... degress clockwise about the point..... Find each rate and unit rate.420 miles in 7 hours Jock and Kyla decide to wager, in violation of a state statute, on the outcome of a football game. They each deposit money with Len, who agrees to pay the winner of the bet. Before the game begins, Kyla tells Len that she changed her mind about the bet. Kyla can recover Group of answer choices What is a common theme in the book 145th Street Short Stories by Walter Dean Myers?In the box below, respond with a full essay. HEEEEEEEEEEELLLLLLLLLLPPPPPPP!!!!!!!!! QUICK!!!!!!Find the coordinates of the image of M(1, 5) after the translation (x, y)(x+3, y2).Thank you!! In what way does a hash provide a better message integrity check than a checksum (such as the Internet checksum)? Hanna is a supervisor in the production unit of a textile company. Yosef, who is of Jewish origin, joins her unit as a trainee. Hanna overcriticizes him for minor errors. She tends to overpraise his achievements in order to avoid appearing biased. Consequently, because of the absence of genuine feedback, Yosef is not able to progress like other trainees. In the context of psychology, this scenario illustrates Michael and Kathy have one dependent, Dustin, who is in his third year of college. Michael is taking classes in the evening toward an MBA. What credits can Michael and Kathy claim related to tuition they pay for these programs. I. American Opportunity Tax Credit II. Lifetime Learning Credit DONT ANSWER!! am i right? 20 points! What is the main compound in plants