Kingston Company sells its product for $200 per unit. The company's accountant provided the following cost information: Manufacturing costs$25,000+40%of sales Selling costs$10,000+20%of sales Administrative costs$15,000+10%of sales What is Kingston Company's contribution margin ratio?
A. 20%
B. 15%
C. 35%
D. 30%
Answer: D
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Which formula is equivalent to the array formula in cell B6?
a) =B2+B3+B4
b) =B2+B4+B5
c) =C2*D2+C3*D3+C4*D4+C5*D5
d) =B2*D2+B3*D3+B4*D4+B5*D5
e) =B2*C2+B3*C3+B4*C4+B5*C5
According to proponents of the Hawthorne effect,
A. giving less attention to employees increases worker productivity. B. increasing diversity results in increases in worker productivity. C. increasing synergy increases worker productivity. D. cutting costs through outsourcing harms employee morale and productivity. E. giving more attention to employees increases worker productivity, if they think managers care about them.
Just-in-time replenishment practices include ______.
a. continuous replenishment programs (CRP) b. discrete replenishment programs (DRP) c. annual replenishment system (ARS) d. a push system of replenishment
In 2021, a company estimates that warranty costs in the following year will be $25,000. Actual warranty costs in 2022 are only $20,000. What is the effect on the accounting equation when recording actual warranty costs in 2022?
A. Liabilities decrease. B. Liabilities increase. C. Stockholders' equity decreases. D. Stockholders' equity increases.