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WINSTONCH [101]
3 years ago
13

Bryce co. sales are $914,000, variable costs are $498,130, and operating income is $196,000. what is the contribution margin rat

io?
Business
1 answer:
elixir [45]3 years ago
4 0

Sales: $914,000

Variable Costs: $498,130

Operating Income: $196,000

Contribution Margin Ratio = ?

Formula:

Contribution Margin Ratio = (Sales – Variable Costs) / Sales

Solution:

Contribution Margin Ratio = ( $914,000 - $498,130) / $914,000

Contribution Margin Ratio = 45.5% (Answer)

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If a firm is producing an output level for which marginal revenue is less than marginal cost;
sdas [7]

Answer:

The correct answer is option b.

Explanation:

A firm is able to maximize it's profit by producing output at the level where the marginal revenue earned from the last unit of output is equal to marginal cost incurred on it.

If a firm is operating at the point where the marginal revenue is lower than the marginal cost then the firm can maximize profit by reducing its output till the point where the marginal revenue and marginal cost are equal.

3 0
3 years ago
You are a newspaper publisher. You are in the middle of a one-year rental contract for your factory that requires you to pay $50
astra-53 [7]

Answer:

If sales fall by 20% AFC raises 38 cents per paper, i.e. a 25% increase in AFC.

Explanation:

To find the average fixed cost (AFC), we have to sum all fixed costs and divide it by the amount of units produced. Fixed costs are those that don't depend on how much is produced, in this case, rental and labor cost don't depend on output, as you can neither move to a cheaper place nor decrease labor obligations even if the factory had no output (newspapers printed).

AFC=\frac{\mbox{Fixed costs}}{\mbox{Printed papers}} \\\\AFC_{\mbox{original sales}} =\frac{\$1500000}{1000000 papers}=1.5\frac{\$}{paper} \\\\AFC_{\mbox{original sales}} =\frac{\$1500000}{800000 papers}=1.875 \frac{\$}{paper}

\mbox{Porcentual difference}=\frac{\mbox{difference between AFC}}{\mbox{original AFC}} \\\\\mbox{Porcentual difference}=\frac{1.875-1.50}{1.50}*100=\frac{0.375}{1.5} *100=25\%

We can see that as the output reduced, AFC rose 38 cents per paper or a 25% increase in AFC.

4 0
3 years ago
If real GDP per person were equal to $2,620 in 1900 and grew at a 3 percent annual rate, what would be the value of real GDP per
gavmur [86]

If real GDP was 2630 and grew annually at 3%, The value of real GDP ten years later is going to be $67670

<h3>How to solve for real GDP </h3>

We have to start by starting the formula A = P(1+r)^n

We have P = principal = 2620

We have r as the rate of interest = 3% = 0.03

We have the number of years n = 110

We have to put these values in the formula we have

A= 2620(1+0.03)^110

= 67669.9

This is approximated to be

= 67670

Read more on Real GDP here:

brainly.com/question/17110800

#SPJ1

5 0
1 year ago
As a project manager of Very Good Construction you want to plan renting a fleet of 25 cu yd tractor-scrapers and have them hauli
zzz [600]

Answer:

Explanation:

a. Rolling resistance factor = 100 lb/ton for hauling as well return path Grade for haul route = 5%. Grade for return route = 0 From Table 14.2 – rutted dirt road – rolling resistance factor = 100 lb/ton, Rolling resistance on haul route = 100(75) = 7,500 lbs Rolling resistance on return route = 100(50) = 5,000 lbs Grade resistance, GR = % grade 20lb/ton/%grade weight on wheels (tons) Grade resistance on haul route = 5 × 20 × 75= 7,500 lbs

b. Effective (Equivalent) Grade = RR% + GR% To convert rolling resistance, RR into rolling resistance factor, RR%, divide rolling resistance by 20 (see section 14.5 in the text book) and therefore; Effective grade = + grade Effective grade while hauling = + 5 = 10% Effective Grade while returning = + 0 = 5%.

c) Considering the cycle time of the pusher and the scrapers, Scrapers to be used = = 6.4 The motivation is to keep the pusher busy all the time instead of waiting for the scraper to return If 6 scrapers are used, the pusher will be idle and the cost will be lower (since we will have 6 scrapers and 1 pusher). So is the productivity. If 7 scrapers are used, the scrapers will be idle and the productivity will be higher. So is the cost.

d)The productivity will depend on the scrapers (the pusher with idle time) which will be:

7 0
3 years ago
Is dispute a letter?<br><br>​
Snezhnost [94]
Nope, dispute is a word
4 0
2 years ago
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