Answer:
Stanley's Bicycles contribution margin is $7,500
Explanation:
<u>Stanley's Bicycles Contribution Margin Income Statement for the month of June</u>
Sales ($750 x 200) $150,000
Less Variable Costs :
Costs of Sales ($600 x 200) $120,000
Commissions ( $150,000 x 15 %) $22,500 ($142,500)
Contribution $7,500
Less Fixed Costs
Rent $1,400
Salaries $3,000 ($4,400)
Net Income $3,100
Conclusion
Contribution Margin is Sales less Variable Costs. Therefore, Stanley's Bicycles contribution margin is $7,500
Answer:
Test marketing.
Explanation:
Test marketing is an experimental tool used by manufacturers to test the viability of their products under typical market conditions, comprised of stores and real life buying situations, in order to determine its sales performance and ascertain its acceptability by consumers.
Hence, Marin's Cleaning Supplies Company when doing business analysis should consider test marketing strategy when deciding whether to develop the cleaner.
Answer:
A dynamic equilibrium is a chemical equilibrium between a forward reaction and the reverse reaction where the rate of the reactions are equal.
Explanation:
The answer to the statement above would be TRUE. Yes, it is correct that approximately, 300 billion dollars are donated to charities each year, but this only covers those charities that are registered. There are about 40,000 charities in the United States alone. The answer for this is D.
