If the cutting edge sells ice skates. total sales are $845,000, total variable expenses are $245,050 and total fixed expenses are $302,000. the variable expense ratio is: 29%.
<h3>Variable expense ratio</h3>
Using this formula
Variable expense ratio=Total variable expense /Total sales
Let plug in the formula
Variable expense ratio=$245,050/ $845,000
Variable expense ratio=0.29×100
Variable expense ratio=29%
Therefore If the cutting edge sells ice skates. total sales are $845,000, total variable expenses are $245,050 and total fixed expenses are $302,000. the variable expense ratio is: 29%.
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Answer:
no
Explanation:
Grant writers are not essential to the success of a human services organization.
The correct answer is no.
Natural Resources are things that occur in nature that can be used for economic gain. Since flour is a processed product and does not occur in nature it is not a natural resource.
Answer:
I have attached the excel file which shows the entire calculation of all the parts of your question. Majority of the numbers are linked so that its easy for you to understand. Key points before you look into file.
1) Number of units have derived by dividing revenue over sales price per unit which is $5
2) Production units are calculated by dividing total sales unit by 12 (as mentioned in the question)
3)Keep in mind that 80% of revenue will be received next month of the sales therefore also include in January sales receipt the 80% revenue of previous month
Explanation:
Answer:
$600
Explanation:
The actual cash value coverage to be received for the two-year old furniture is equivalent to the replacement cost today minus estimated depreciation amount that would have been charged on the furniture till date.
replacement cost is $1,000
estimated depreciation till date=$1000/useful life*number of years the furniture has been put to use
estimated depreciation=$1,000/5*2=$400
actual cash value coverage =$1000-$400=$600
All in all,the amount that a person with actual cash value coverage would receive today on the furniture is $600
