Types of electronic calculators

Assignment Help Accounting Basics
Reference no: EM131012177

Numeric Corporation produces and markets two types of electronic calculators: Model 100 and Model 200. The following data were gathered for last month:

Model 100 Model 200

Sales in units 5,000 3,000

Selling price per unit $50 $100

Variable expenses per unit $15 $ 32

Traceable fixed costs $105,000 $157,500

Common fixed expenses: $110,000 - -

Required: In good form,prepare a segmented income statement in the contribution format for last month:

Reference no: EM131012177

Questions Cloud

Disadvantages of the capital asset pricing model : The Capital Asset Pricing Model (CAPM) is a powerful analytical tool use for calculating the price of common stock. After reflecting on theory and application of the CAPM model and reviewing the prior work on the Constant Dividend Growth Model post a..
What is variability : What is variability? What are the three types of variability? Why is variability valuable as a descriptive tool? Explain how to calculate and give an example for each type
Now calculate the irr for the project : Assuming that the appropriate discount rate for projects of this risk level is 8%, what is the risk-adjusted NPV for each project? Which project, if either, should be selected? Justify your conclusions.
Calculate the fair present values of the bonds : Calculate the fair present values of the following bonds, all of which pay interest semiannually, have a face value of $1,000, have 4 years remaining to maturity, and have a required rate of return of 14 percent. The bond has a 8.8 percent coupon rat..
Types of electronic calculators : Numeric Corporation produces and markets two types of electronic calculators: Model 100 and Model 200. The following data were gathered for last month:
Something about how money grows over time : Julie needs to pay a $5,000 tuition bill nine months from now. She has some money saved up that she could invest, but she is also considering a trip to Europe. She remembers reading something about how money grows over time, and she wonders if maybe ..
Agreement for sharing profits and losses : Determine how the $ 110,000 net income would be divided under each of the following three independent assumptions as to the agreement for sharing profits and losses. Use schedules of the type illustrated in this chapter to show all steps in the di..
Cash in exchange for common stock : Case Study #1 Succeed Corporation is a business consulting company recently formed by two shareholders. (a) On February 1, 2016, each shareholder contributed $500 cash in exchange for common stock.
List the main denialist claims made by senator inhofe : List the main denialist claims made by Senator Inhofe in GWR text. Compare these two lists and discuss their similarity or difference

Reviews

Write a Review

Accounting Basics Questions & Answers

  Compute and compare the accounts receivable turnover ratios

compute and compare the accounts receivable turnover ratios for coca-cola and wal-mart. indicate all numbers you used

  Are there any exceptions to the protection afforded older

Are there any exceptions to the protection afforded older workers by the Age Discrimination in Employment Act?

  What would be the amount of interest revenue the lessor

What would be the amount of interest revenue the lessor would record in conjunction with the second quarterly payment at October 1?

  Find the range and iqr for data

The weekly prices of one brand of frozen pizza over a three-year period in Dallas are provided in the data file. Use the price data to answer the following questions.

  Consider the following information pertaining to a years

consider the following information pertaining to a years operations of youngstown manufacturingunits sold 1400units

  Prepare the appropriate adjusting entry for vacations

Prepare the appropriate adjusting entry for vacations earned but not taken in 2011.

  Omni card credit sales. what entry should hankco make

Hankco accepts all major bank credit cards, including Omni Bank's, which assesses a 4% charge on sales for using its card. On June 28, Hankco had $3,300 in Omni Card credit sales. What entry should Hankco make on June 28 to record the deposit?

  Prepare the journal entries of clear glass

On November 16, 2010, the Clear Glass Company borrowed $20,000 from First American Bank by issuing a 90 day, non interest bearing note

  A store has budgeted sales of 12000 mens suits in september

a store has budgeted sales of 12000 mens suits in september. management wants to have 6000 suits in inventory at the

  Kauf industries has just completed its sales forecasts and

kauf industries has just completed its sales forecasts and its marketing department estimates that the company will

  Jrry and sally divorced in agreement on july 1 2012

jerry and sally divorced in agreement on july 1 2012. jerry agreed to transfer to sally his interest in a rental home

  Youre the owner of small bread factory and are thinking of

you are the owner of a small bread factory and are thinking of lowering costs and expanding. your small-business

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd