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3 years ago

Which of the following is not a type of bank

Business

2 answers:

Pani-rosa [81]3 years ago

4 0

What are choices for this question

Cerrena [4.2K]3 years ago

3 0

Answer:

Payday Lender.

Explanation:

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Hinge manufacturing's cost of goods sold is $420,000 variable and $240,000 fixed. the company's selling and administrative expen

Irina18 [472]

Hi there
contribution margin is defined as revenues minus variable expenses. In other words, the contribution margin reveals how much of a company's revenues will be contributing (after covering the variable expenses) to the company's fixed expenses and net income.
The contribution margin of a manufacturer is the amount of net sales that is in excess of the variable manufacturing costs and the variable SG&A expenses.

So contribution margin equals
Sales-variable manufacturing cost-SG&A expenses
1,480,000−420,000−300,000
=760,000....answer

Hope it helps

6 0

4 years ago

nnette Henri is paid an hourly wage of $8.90 for a 32-hour workweek of 4 days, 8 hours daily. For any work on the fifth day and

Elza [17]

Answer:431.75 dollars

Explanation:she gets 284.8 dollars for the 32 hours(32x 8.9) and for the extra 11 hours she gets 146.85( 8.9 x 1.5= 13.35 and 13.35 x 11) 146.85+ 284.8= 431.75

4 0

3 years ago

ME Company has a debt-equity ratio of .57. Return on assets is 7.9 percent, and total equity is $620,000. a. What is the equity

Lera25 [3.4K]

Answer:

8.06

Explanation

Debt equity ratio=Debt÷ Equity
Debt÷Equity=0.57
Equity=620,000 in this question
Debt=620,000*0.57=353,400.
Assets=Debt+Equity
Assets in this case=353,400+620,000=973,400
Return on asset=Profit for the year=7.9%*973,400=76898.6
Equity Multiplier=Total Equity/Profit for the year
Equity Multiplier=620,000/76898.6=8.06

5 0

3 years ago

The Express Meal has two restaurants that are open 24 hours a day. Fixed costs for the two restaurants together total $ 451 comm

KonstantinChe [14]

Answer:

(1) $1,230,000

(2) 110,000 customers

Explanation:

Given that,

Fixed cost = $451,000 per year

Average sales check per customer = $ 8.20

Average cost of food and other variable costs for each customer = $ 4.10

Income tax rate = 30%

Target net income = $114,800

(1) Contribution margin ratio:

= (Selling price - Variable price) ÷ Selling price

= ($ 8.20 - $ 4.10) ÷ $ 8.20

= 0.5

Income before tax:

= Net income ÷ (1 - Tax rate)

= $114,800 ÷ (1 - 0.3)

= $164,000

Desired revenue (dollars):

= (Fixed cost + Income before tax) ÷ Contribution margin ratio

= ($451,000 + $164,000) ÷ 0.5

= $1,230,000

(2) Customers are needed to break even:

= Fixed cost ÷ contribution per unit

= $451,000 ÷ ($8.20 - $4.10)

= $451,000 ÷ $4.10

= 110,000 customers

8 0

3 years ago

A stock was purchased for $51 a share and sold eleven months later for $54 a share. If the shares were purchased totally with ca

nekit [7.7K]

Answer: 5.88%; 8.40%

Explanation:

In finance, the holding period return is simply the return that a portfolio or an asset has accrued during the entire period that the asset or portfolio was being held. It is a way of measuring the performance of an investment.

Based on the information that have been provided in the question,

HPR without margin will be:

= ($54 - $51)/$51

= $3/$51

= 0.588

= 5.88%

HPR with margin will be:

= ($54 - $51)/($51 × 0.70)

= $3/($35.7)

= 0.84

= 8.40%

7 0

3 years ago