1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
storchak [24]
3 years ago
9

Which of the following equations is true? Select one: a. Contribution margin = Sales revenue × Variable cost ratio b. Contributi

on margin = Fixed costs c. Contribution margin ratio = 1 − Variable cost ratio d. Contribution margin ratio = Contribution margin / Variable costs
Business
1 answer:
m_a_m_a [10]3 years ago
5 0

Answer: c. Contribution margin ratio = 1 − Variable cost ratio

Explanation:

The Contribution margin ratio is defined as the difference between the sales price of a good and it's variable costs. It is expressed as a percentage.

The formula is,

Contribution Margin Ratio = Sales - Variable Costs / Sales

Breaking the formula down further we have,

Contribution Margin Ratio = Sales/ Sales - Variable Costs / Sales

Contribution Margin Ratio = 1 - Variable Costs / Sales

Variable Cost/Sales is the Variable Cost Ratio.

So Option C is correct.

You might be interested in
Chloe enjoys her math classes, and she would like to find a career that will allow her to continue to use her math skills. Which
klemol [59]
Accountant would be a good fit for her
3 0
3 years ago
Technological advances are difficult to predict. One great advance can replace or substitute for existing products in a relative
deff fn [24]

Answer:

The answer is: 3) Printed media

Explanation:

This is already happening, cell phones and tablets have already replaced digital cameras, Netflix is replacing cable TV and sooner than later cell phones and tablets will replace printed media completely.

Ask yourself, when was the last time you bought a newspaper? I haven´t bought a newspaper in years but I can also guarantee that I read more news outlets today that ever before. I can read the New York Times, The Washington Post, Sports Illustrated, etc. all on my cellphone. Using my phone is cheaper and faster (and also more ecological) than buying a printed version. In a few years probably no newspaper will have a printed edition, not even magazines will be printed anymore.

5 0
3 years ago
You decide to take $600 out of your piggy bank at home and place it in the bank. If the reserve requirement is 2 percent, how mu
Ostrovityanka [42]
To determine the increase in the amount of money in the economy brought about the $600 taken out of the piggy bank, we multiply $600 by the decimal equivalent of the percentage given. That is,
                                  ($600) x (0.02) = $12
Hence, your $600 will increase the amount of money in the economy by $12. 
3 0
3 years ago
Q 10.25: Admire County Bank agrees to lend Givens Brick Company $600,000 on January 1st. Givens Brick Company signs a $600,000,
Shtirlitz [24]

Answer:

Entry is given below

Explanation:

As Givens brick company is paying off the liability of note payable and the interest amount therefore, it will be debited as it is a decrease in liability. Cash will be credited as it is our asset and its decreasing.

Entry                      DEBIT          CREDIT

Notes payable     $600,000

Interest                 $36,000(w)

Cash                                           $636,000

Working

Interest = $600,000 x 8% x9/12

Interest = $36,000

7 0
3 years ago
Suppose a country without any international trade opens its borders to international trade. after specialization how will its lo
Zanzabum
<span>Opening up to international trade would lead a country to increasing its production and specialization of goods. For example, if a country opens international trade and some factories are making a household appliance, the instructions would need to be in the trade countries languages as well as the native language. The number of household appliances made would need to be increased to meet the growing need.</span>
3 0
3 years ago
Other questions:
  • In the "finding, evaluating, and interpreting source material" stage of the research process, finding means:
    5·1 answer
  • Banks pay their customers interest on the money in their accounts for what reason? A. That money earns interest when the bank lo
    8·1 answer
  • Say that Thailand has a workforce of 35,709,487 people, each of whom earns an average salary of (equivalent USD) $8,630 annually
    13·2 answers
  • What is the purpose of the rheostat in this experiment? 1) to limit the current in the circuit. 2) to overheat. 3) as an aid to
    6·1 answer
  • Windsor Locomotive Corporation purchased for $550,000 a 40% interest in Lopez Railways, Inc. This investment enables Windsor Loc
    9·1 answer
  • Tracy owns a nondepreciable capital asset held for investment. The asset was purchased for $ 250 comma 000 six years earlier and
    6·1 answer
  • Denzel Brooks opened a Web consulting business called Venture Consultants and completes the following transactions in March Marc
    6·1 answer
  • For a college student who needs to buy an $80 textbook, the money she received from her parents for the purchase of school suppl
    6·1 answer
  • After several United Airlines flights were canceled because of bad weather, reservation clerks had to scramble to get passengers
    14·1 answer
  • The most important tax rate for determining an individual's incentive to work is the _____ tax rate.
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!