Answer: 48.9%
Explanation:
Model - - - - - - Selling price - - - - cont/margin
Youth - - - - - - $340 - - - - - - - - - - - $115
Adult - - - - - - - $870 - - - - - - - - - - - $460
Recreational - - $1060 - - - - - - - - - $510
Contribution margin per composite unit
Youth = $115 × 5 = $575
Adult = $460 × 9 = $4140
Recreational = $510 × 6 = $3060
TOTAL = $7775
Selling price per composite unit:
Youth = $340 × 5 = $1700
Adult = $870 × 9 = $7830
Recreational = $1060 × 6 = $6360
TOTAL = $15890
Contribution margin ratio per composite unit ;
($7,775 ÷ $15,890) × 100
0.4893 × 100 = 48.9%
Answer:
adjusted net income 8,555
Explanation:
unadjusted net income 8,500
earned revenue 900
salaries expense (550)
interest expense (90)
supplies expense <u> (205) </u>
adjusted net income 8,555
The salries are considered expense,
the interest due are the interest accrued in a note payable
the supplies used are the supplies expense
the unearned revenue beomes earned through time adn by, providing services. It increase the total reveneu for the period.
B) missing a credit card payment
When you miss a credit card payment, not only will your credit score go down, but your credit card company will charge you more which will increase your APR
Answer:
1. Answer a customer's question
2.Take someone's order
3.Bring out an order of food
4 Cleae a table
5.Fold napkins
Answer:
A)If interest rates decline, the prices of both bonds will increase, but the 15-year bond would have a larger percentage increase in price.
TRUE
As it has more time to maturity it will have a higher time expose to the rate therefore, will be more volatile against the rate fluctuations
Explanation:
The 10-year ond is issued at premium, above par as the coupon rate 12% is higher than market rate 10%. Each year will decrease the market value to come closer to maturity date.
The 15-year ond is issued at discount, below par as the coupon rate 8% is lower than market rate 10%. Each year will increase the market value to come closer to maturity date.
