Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. reardon retail company consists of two stores, a a

Reardon Retail Company consists of two stores, A and B. Store A had sales of...

60.1K

Verified Solution

Question

Accounting

Reardon Retail Company consists of two stores, A and B. Store A had sales of $80,000 during March, a contribution margin ratio of 30%, and a segment margin of $11,000. The company as a whole had sales of $200,000, a contribution margin ratio of 36%, and segment margins for the two stores totaling $31,000. If net operating income for the company was $15,000 for the month, the traceable fixed expenses in Store B must have been:

a. $16,000

b. $20,000

c. $31,000

d. $28,000

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Geometry
1.2K views

What is the equation of this circle in standard form?A. (x+5,5)+(y + 4) = 3.5B....

Biology
1.2K views

Please explain Anaphase, Metaphase, Prophase, Telephase and Interphase and what are their orders. Thank you.

Psychology
1.2K views

Name one potential reliability problem and one potential validity problem of taking a timed sorting test online

Physics
1.2K views

A weather balloon measures a temperature of 11°C and a mixing ratio of 12.5 g kg^-1...

Biology
1.2K views

The most influential commentary on the Constitution came in a series of essays published in...

Physics
1.2K views

The speed of light is 3 108 m s Find the wavelength for a typical...

Basic Math
1.2K views

In the U S adult population the distribution of BMI values body mass index are...

Statistics
1.2K views

Suppose that follows a chi square distribution with 6 degrees of freedom Use the ALEKS...

Calculus
1.2K views

Integrate f O VE 2x 4x 6 tan c O 2 V 4 tan 2...

Accounting
1.2K views

Bonds with a face amount of $1,000,000 are sold at 98. The entry to...

Accounting
1.2K views

E7-6 through E7-10. [The following information applies to the questions displayed below] Morning Sky, Inc....

Accounting
1.2K views

Kyle, a single taxpayer, worked as a freelance software engineer for the first three months...