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Monica [59]
3 years ago
11

​Jack's Toys sells kites for $35 each. Variable costs are per kite. Fixed costs are per month. What is the contribution margin r

atio for the​ kites?
Business
1 answer:
Nezavi [6.7K]3 years ago
5 0

Answer:

contribution margin ratio= (selling price - unitary variable cost) / selling price

Explanation:

We weren't provided with enough information to calculate the contribution margin ratio, but, I will provide the formula and an example to guide an answer.

<u>To calculate the contribution margin ratio, we need to use the following formula:</u>

contribution margin ratio= (selling price - unitary variable cost) / selling price

<u>For example:</u>

Selling price= $35

Unitary variable cost= 23

contribution margin ratio= (35 - 23)/35

contribution margin ratio= 0.34

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4 0
1 year ago
If during the signing appointment the borrower divulges that the property being financed is an investment property, while the lo
Svetradugi [14.3K]

Answer:

contact the lender's representative immediately before signing the documents.

Explanation:

The above is an example of Actual or Potential misrepresentation which falls under Code of Conduct 5.10. Once a notary signing agent notices that during the signing appointment, the information provided by the borrower differs from what is on the loan document, he should immediately report such false misrepresentation (potential or actual misrepresentation or falsehood known) witnessed by the NSA in connection with a transaction to the representative of the NSA.

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7 0
3 years ago
The payments a business makes for investing in capital expenses are known as : A) profits
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The answer for this question is A.
7 0
3 years ago
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If a store manager only hires shift supervisors who have a four-year college degree, even though experienced cashiers without a
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Bias may be occurring.  Bias is basically thinking someone is better than another person due to one factor, without even knowing the person.  In this instance, the store manager is only hiring shift supervisors who have a degree, rather than an experienced cashier without a degree.  The bias here is dependent on the employee's educational history.  The manager may think that even though the cashiers are great, they still may not have the qualifications that one would pick up in college. 
4 0
3 years ago
A company has beginning inventory of 10 units at a cost of $10 each on February 1. On February 3, it purchases 20 units at $12 e
Gre4nikov [31]

Answer:

b) $124

Explanation:

FIFO means first in, first out. Under this principle, goods that were purchased or produced earlier will be the first ones on sale.

The value of the goods sold in our case will be as follows.

The first ten items   @ $10: 10X10 =$100

Two items to make   [email protected] $12: 2x12=$24

 

Total cost: $100+$24= $124

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3 years ago
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