Answer:
Contribution Margin is $200,925.
Explanation:
Contribution margin is calculated by taking Sales Revenue and deducting all the Variables costs from it. In this case, we have two costs that are variable: $.95 of Manufacturing Cost and 5% of Commission that is Paid to Sales Staff.
<u>Workings</u>
Sales (4 * 70,500) $282,000
Cost (.95 * 70,500) (66,975)
Sales Commission (.05 * 282,000) (14,100)
Contribution Margin $200,925
Answer:
A ledger can be prepared manually or by computer. 5. Footings replace the need for debits and credits.
Answer:
$52,860
Explanation:
The computation of the ending inventory using the lower of cost or market method is shown below:
Product Cost Net realizable value Lower of cost or NRV
RSK-89013 600 × $38 = $22,800 600 × $47 = $28,800 $22,800
LKW-91247 420 × $47 = $19,740 420 × $40 = $16,800 $16,800
QEC-57429 510 × $26 = $13,260 510 × $32 = $16,320 $13,260
Carrying value of the ending inventory is $52,860
<span>The answer is They left a 20% tip, so the service was probably above average. First step is to the amount of the sales tax. If 100% is $73.89, 5.8% will be x (tax): 100% : $73.89 = 5.8% : x. x = $73.89 * 5.8% : 100%. x = $4.28. Now, we have the price for meals, sales tax, and the total amount of money left, so we can calculate how much the tip is: $93.00 - $73.89 - $4.28 = $14.83. So, the tip is $14.83. Let represent it as percent. If $73.89 is 100%, $14.83 will be x. $73.89 : 100% = $14.83 : x. x = $14.83 * 100% : $73.89. x = 20%. So, they left a 20% tip, so the service was probably above average.</span>
AnswerB. Investing in individual stocks
Explanation:
a. p. e. x.