All categories

3 years ago

A company has a unit contribution margin of $190 and a contribution margin ratio of 40%. what is the unit selling price

1 answer:

7 0

I'm pretty sure it's 76 because 40% has to be turned into a decimal which is 0.4 and then you multiply that by 190 and you get 76

You might be interested in

Suppose that $ 5 000 is invested at 3.9 % annual interest rate, compounded monthly. How much money will be in the account in (

BlackZzzverrR [31]

Answer:

(A) $5,131.5

(B) $12,729.5

Explanation:

The interest earned on the value of interest earned before is the compounded interest. Compounding is the reinvestment of the amount earned before and take return over it too.

As per given data

Invested amount = $5,000

Interest rate = 3.9%

Interest is compounded monthly

Monthly rate = 3.9% / 12 = 0.325%

Formula for the accumulated amount of investment

A = P ( 1 + r )^n

Accumulated Money when $5,000 is

(A) Invested for 8 months

A = $5,000 ( 1 + 0.325% ) ^8

A = $5,131.5

(b) Invested for 24 years or 288 months (24 x 12)

A = $5,000 ( 1 + 0.325% ) ^288

A = $12,729.5

4 0

3 years ago

Read 2 more answers

Current Attempt in Progress The ledger of Windsor, Inc. on March 31, 2017, includes the following selected accounts before adjus

Karo-lina-s [1.5K]

Answer:

31-Mar

Dr Insurance expense $ 330

Cr Prepaid Insurance $ 330

31-Mar

Dr Supplies expense $ 1,865

Cr Supplies $ 1,865

31-Mar

Dr Depreciation expense $ 170

Cr Accumulated Depreciation - Equipment $ 170

31-Mar

Dr Unearned Service Revenue $ 4,640

Dr Service Revenue $ 4,640

Explanation:

Preparation of the adjusting entries for the month of March

Windsor Inc.

Journal entries

31-Mar

Dr Insurance expense $ 330

Cr Prepaid Insurance $ 330

31-Mar

Dr Supplies expense $ 1,865

(2,820-955)

Cr Supplies $ 1,865

31-Mar

Dr Depreciation expense $ 170

Cr Accumulated Depreciation - Equipment $ 170

31-Mar

Dr Unearned Service Revenue $ 4,640 (11,600*2/5)

Dr Service Revenue $ 4,640

5 0

3 years ago

Andrew, a college student, loves drinking coffee late at night to study for exams. Having no income, he is used to buying cheap,

Komok [63]

Answer: Starbucks Coffee is a 'normal good', while Beanlightened coffee is an 'inferior good'.

Andrew's demand for Starbucks coffee changed as a result of an increase in his 'income'

Explanation:

A normal good is a good that sees it's demand rise as income or wages rise. Essentially if you're making more money, you buy more of such goods. Andrew is now making more money so he buys more of Starbucks coffee.

An inferior good on the other hand is one that sees it's demand drop as wages or income rises. You usually buy less of it the more money you make. Take no brand cornflakes for instance, as one makes more money they tend to buy less of it and more of branded cornflakes. Beanlightened coffee is therefore an inferior good.

Income is compensation you get for providing a service. In this instance Andrew receives $75000 a year for being a programmer.

5 0

3 years ago

Suppose that there are small, but nontrivial, barriers to entry into

Fudgin [204]

Answer:

Firms make normal profits

Explanation:

Monopolistic competition is characterized by many firms selling similar but differentiated products. Each firm sets its price because they sell slightly different products. There are insignificant or no barriers to entry or exit in a monopolistic competition.

It is possible to make abnormal profits in monopolistic competition in the short run. Due to ease of entry and exit, a firm with abnormal profits will face competition from new entrants. In the long-run, no firm will dominate the market, which means all firms will be making normal profits.

3 0

3 years ago

Jacob went to the grocery store to buy breakfast cereal. He picked up a few cereal boxes to look up their ingredients. However,

andriy [413]

Answer: The correct answer is "c. bounded rationality".

Explanation: Jacob's decision is an example of bounded rationality, because according to the theory of limited rationality, people make decisions only partially in a rational way because of our cognitive, information and time constraints.

4 0

4 years ago