Answer:
Contribution margin ratio = 69.23%
Explanation:
We know,
Contribution margin ratio = (Contribution Margin per unit ÷ Sales per unit) × 100
Again, we know, Contribution margin per unit = Sales per unit - Variable cost per unit
Given,
Sales price per unit = $6.50
Variable cost per unit = $2.00
Therefore, Contribution margin per unit = $6.50 - $2.00 = $4.50
Putting the values into the above formula, we can get,
Contribution margin ratio = ($4.50 ÷ $6.50) × 100 = 69.23% (Rounded to two decimal places)
Answer:
federal loans are provided by the government and private loans are provided by banks, credit unions, and other financial institutions.
Explanation:
D. can be flipped for profit and E. has a maturity date
Answer:
b. $290,000
Explanation:
The computation of the cash flows from operating activities to be reported on the statement of cash flows is shown below:
= Net income reported on the income statement + decrease in account receivable
where,
Net income reported = $280,000
And, the decrease in account receivable is $10,000 ($70,000 - $80,000)
So, the cash flow from operating activities
= $280,000 + $10,000
= $290,000
The decrease in account receivable implies that more cash is come so it would be added and the same is shown above
