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mash [69]
3 years ago
12

Marigold corp. has two divisions; sporting goods and sports gear. the sales mix is 65% for sporting goods and 35% for sports gea

r. marigold incurs $7030000 in fixed costs. the contribution margin ratio for sporting goods is 30%, while for sports gear it is 50%. what will be the total contribution margin at the break-even point?
Business
1 answer:
Arisa [49]3 years ago
5 0
<span>Sporting Goods - CM 30% x 65% = 19.5% Sports Gear - CM 50% x 35% = 17.5% Total Fields Corp - Weighted Avg CM = 37% FC 2,220,000 / Avg CM 37% = 6,000,000 Break Even sales Sporting Goods Sales @ 65% = 3,900,000 x 30% = 1,170,000 CM Sports Gear Sales @ 35% = 2,100,000 x 50% = 1,050,000 CM Total Sales 6,000,000. Total CM 2,220,000 Total FC 2,220,000</span>
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Why would an entrepreneur be best suited to opening a new business, rather than buying an existing business or franchise?
Mariulka [41]

Answer:

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Explanation:

3 0
3 years ago
On July 10, Boogie Footware agrees to a contract to sell 800 pair of flapper shoes for $16,000 to Twenties, Inc. On September 1,
atroni [7]

Answer:

$2,000

Explanation:

Revenue is the income generated from normal business activities. This includes allowances, discounts and deductions for sales returned.

Since Boogie and Twenties modify the agreement to reduce the price of the remaining 300 pair of flapper shoes to $10 a pair, it means that revenue to be recognized from the date of the change will be recognized at a unit price of $10.

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5 0
4 years ago
if a farm has nfio of $100,000, and an opportunity cost total of $25,000, what is the farm's return to equity? (round to the nea
tiny-mole [99]

The return to equity is $75000

Another form of financial ratio is the return on equity. Financial ratios are data taken from a firm's financial statements and used to predict and draw specific conclusions about the organization.

Relative return on equity is a tool used to forecast a company's profitability. It evaluates how effectively people employed in any business have used the money that has been invested.

Since the farm has Nfio of $100,000 and an opportunity cost total of $25,000.

Therefore,

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Read more about a return to equity on:

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7 0
1 year ago
Effective reading involves what four steps? Select one: a. Preparing, reading, capturing key ideas, and reviewing. b. Preparing,
lidiya [134]

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ValentinkaMS [17]
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</span>
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The correct choice is (b)
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