Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Bluegill Company sells 16,100 units at $380 per unit. Fixed costs are $305,900, and income from operations is $3,364,900. Determine the following: a. Variable cost

image text in transcribedimage text in transcribed
Bluegill Company sells 16,100 units at $380 per unit. Fixed costs are $305,900, and income from operations is $3,364,900. Determine the following: a. Variable cost per unit $:] b. Unit contribution margin $:] per unit c. Contribution margin ratio C] % Here is a table for the present value of $1 at compound interest. Year 6lo 100/0 120/11 1 0.943 0.909 0.893 2 0.890 0.826 0.797 3 0.840 0.751 0.712 4 0.792 0.683 0.636 5 0.747 0.621 0.567 Here is a table for the present value of an annuity of $1 at compound interest. Year 6lo 100/0 120/11 1 0.943 0.909 0.893 2 1.833 1.736 1.690 3 2.673 2.487 2.402 4 3.465 3.170 3.037 5 4.212 3.791 3.605 Using the provided present value tables, what would be the present value of $10,000 to be received 4 years from today, assuming an earnings rate of 10%? Ga. $7,920 Ob. $6,830 Oc, $10,000 Od. $31,700

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Principles Of Accounting And Principles Of Financial Accounting

Authors: Belverd E Needles, Marian Powers, Susan V Crosson

12th Edition

1133962459, 9781133962458

More Books

Students also viewed these Accounting questions