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Gwar [14]
3 years ago
6

PC​ Solutions, Inc. provides services to corporate and individual customers. During the month of​ June, the corporate business s

egment provided services to 500 customers and earned​ $60,000 in revenue. The individual business segment provided services to 400 customers and earned​ $35,000 in revenue. The variable costs for the corporate and individual business segments amounted to​ $32,000 and​ $25,100, respectively. In​ addition, the fixed costs of the company amounted to​ $7,500. Calculate the contribution margin from each customer of the individual business segment.​ (Round your answer to the nearest​ cent.)
Business
1 answer:
lord [1]3 years ago
3 0

Answer:

The contribution margin from each customer of the individual business segment is $24.75

Explanation:

Contribution margin from each customer of the individual business:

Customers = 400

Revenue = $35000

Variable cost = $25100

Total Contribution margin = Revenue – Variable cost

                                            = $35000 - $25100

                                            = $9900

Contribution margin from each customer of the individual business :-   = Total Contribution margin/customers

= $9900/400

= $24.75

Therefore, The contribution margin from each customer of the individual business segment is $24.75

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TOTAL ASSETS TURNOVER = NET SALES/AVERAGE TOTAL ASSETS

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In financial accounting, an asset is a resource owned or controlled by a company or entity. It is anything that can be used to create positive economic value. Assets represent the value of an asset that can be converted into cash.

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Despite all this, a car is an asset even for less than what you paid for it because it can be quickly turned into cash on the market. That alone, by definition, makes it an asset. It's these additional costs and constant depreciation that make a car worthless.

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Answer: See explanation

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