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Jerrod Company expects the following results for its three products, without considering any of the changes described below Sales Variable Costs Contribution Margin Fixed Costs-
Jerrod Company expects the following results for its three products, without considering any of the changes described below Sales Variable Costs Contribution Margin Fixed Costs- Avoidable Fixed Costs-Unavoidable Total Fixed Costs Profit Product A $100 40 60 20 50 70 (10) Product B $300 100 200 30 100 130 70 Total $400 140 260 50 150 200 60 The unavoidable fixed costs are allocated based on sales of 100 of Product A and 200 of Product B. The weighted average contribution margin is approximately: A. 65 % B. 35 % C. 15% D. None of these E. 50% Use the Problem Sheet for the next 7 questions. On March 31, 2019 Declan Company sold 500 shares of common stock for $5,000. The additional shares of common stock were issued on September 30, 2018. The Note Payable requires payments of $10,000 per year plus interest at 10%. The company did not sell any equipment during the year. The retained earnings balance for both years is after all closing entries have been made. At December 31, 2019 the book value per share was approximately A. $ 77.82 B. $ 71.33 C. some other number D.$ 7.13 E. $ 1.00 For 2019, the return on assets was approximately A. some other number B. 18.64% C. 12.78% D. 14.44% E. 14.68% At December 31, 2019, the inventory turn was approximately A. 5.71 B. 5.00 C. 11.25 D. 10.00 E. 4.44 For 2019, the average collection period in days was approximately, A. 11.25 B. 33.45 C. 12.00 D. 32.16 E. 30.42 For 2019 return on equity was approximately A. 16.41% B. 21.67% C. 23.76% D.21.94% E. some other number How much in dividends did the company pay during the year? A. $ 11,000 B. $ 15,000 C. $ 30,000 D.Unable to determine from information given E. $ 20,000 At December 31, 2019, the Debt to Equity Ratio was approximately A. 47.20 % B. None of these C. 21.03% D. 22.83% E. 37.92%
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