Explain the margin of the local branch, Accounting Basics

+44 141 628 6080
[email protected]

Explain the margin of the local branch

Chic Jewelers views each branch location as an investment center. The local branch reported the following results for the current year:Sales $5,500,000 Variable expenses $3,254,000 Traceable fixed costs $320,000 Average total assets of the branch $2,400,000.

The contribution margin of the local branch is ?
The contribution margin ratio of the local branch is ?
The margin of the local branch is ?

View Complete Question

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Explain the margin of the local branch

Reference No:- TGS0689635

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Accounting Basics

Q : Explain the computer repairs on-site

Byters on Call provides computer repairs on-site and has a contribution margin ratio of 32%, a contribution margin per service call of $5, and fixed costs of $21,160.

Q : Economic minimum life analysis

A self-employed worker operates a firewood-splitting service. He purchased a commercial-grade wood splitter for $5800. He used $400 of business capital and financed the balance at 5% per year for 3 years.

Q : Discuss the bonus method to begin the partnership

Phil and Mary have agreed to use the bonus method to begin the partnership with each partner having an equal capital balance. Mary will contribute significantly more than Phil in physical assets and liabilities but Phil will bring his expertise an

Q : How many turns are in the secondary coil

An ac generator supplies 20 A at 440 V to a 10,000 V power line. If the step up transformer has 150 turns in its primary coil, how many turns are in the secondary coil?

Q : Explain the margin of the local branch

Q : Calculate mauves tax liability for the short period

Mauve Corporation began operations as a farm supplies business and used a fiscal year ending October 31. The company gradually went out of the farm supplies business and into the mail-order Christmas gifts business.

Q : How much of each product should be produced

Product A has a contribution margin per unit of $500 and required 2 hours of machine time. Product B has a contribution margin per unit of $1,000 and requires 5 hours of machine time. How much of each product should be produced given there are 100

Q : What is the ending inventory using the fifo method

Fulbright Corp. uses the periodic inventory system. During its first year of operation, Fulbright made the following purchases (listed in chronological order of acquisition): Â· 40 units at $100 Â·

Q : Problem based on desired margin of error

A machine that produces a major part for an airplane engine is monitored closely. In the past, 10% of the parts produced would be defective. With a .95 probability, the sample size that needs to be taken if the desired margin of error is .04 or le

1941709

Questions
Asked

3,689

Active Tutors

1447120

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Explain the margin of the local branch

Reference No:- TGS0689635

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Explain the computer repairs on-site

Q : Economic minimum life analysis

Q : Discuss the bonus method to begin the partnership

Q : How many turns are in the secondary coil

Q : Explain the margin of the local branch

Q : Calculate mauves tax liability for the short period

Q : How much of each product should be produced

Q : What is the ending inventory using the fifo method

Q : Problem based on desired margin of error

Is lifespan psychologists are unlikely to investigate

Identify a true statement about validity

Problem regarding the america youth and social media

How do you define being an adult

What is a behavioral indicator related to family

Why you feel unpleasantly hot and sweaty

Discuss three ethical guidelines that are important

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Explain the margin of the local branch

Reference No:- TGS0689635

Recent Questions Asked Accounting Basics

Q : Explain the computer repairs on-site

Q : Economic minimum life analysis

Q : Discuss the bonus method to begin the partnership

Q : How many turns are in the secondary coil

Q : Explain the margin of the local branch

Q : Calculate mauves tax liability for the short period

Q : How much of each product should be produced

Q : What is the ending inventory using the fifo method

Q : Problem based on desired margin of error

Asked Questions