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michelle230
31.10.2019 •
Business
Casual seating company is currently selling 2,000 oversized bean bag chairs a month at a price of $85 per chair. the variable cost of each chair sold includes $60 to purchase the bean bag chairs from suppliers and a $4 sales commission. fixed costs are $ 10,000 per month. the company is considering making several operational changes and wants to know how the change will impact its operating income.
required.
prepare the company's current contribution margin income statement. (use parentheses or a minus sign for an operating loss.)
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Ответ:
Explanation:
The rebate is an amount that the store will return to Jorge after he has paid and is calculated over the price but not over the sales tax.
Then, since the $ 789.37 paid include the 6% sales tax, to calculate the rebate, you first must calculate the sales tax and reduce it from the total paid.
Calculation of the sales tax:
$ 789.37 = value of the items purchased + sales tax$ 789.37 = value of the items purchased + 6% of value of the items purchased$ 789.37 = value of the items purchased + 0.06 × value of the items purchased$ 789.37 = value of the items purchased × 1.06$ 789.37 / 1.06 = value of the items purchased$ 744.69 = value of the items purchasedCalculation of the rebate:
Rebate = 11% of value of the items purchasedRebate = 0.11 × $ 744.69Rebate = $ 81.92 ← answer