Answer:
D. Sales revenue minus variable expenses.
Explanation:
The contribution margin represents the amount in dollar which is left from the selling price after subtracting the variables cost to produce the unit.
Thus, this remainder is used to pay up the fixed cost and make a gain.
Is the margin that each sale generates
Answer:
The monthly payment is $2184.52
Explanation:
Given
Required
Firstly, the loan amount has to be calculated
The Question says; of the total amount spent, only 60% was borrowed;
So;
The monthly payment can then be calculated using the following formula
Where P = Loan Amount = 132,000
r = rate of payment = 5.95% = 0.0595
n = duration (in month)
n = 6 years
n = 6 * 12 months
n = 72 months;
Substitute the above parameters in the formula;
becomes
<em>Hence, the monthly payment is $2184.52</em>
Answer:
D. Slovakia consumes 30 tons of both soy and wheat.
Explanation:
- According to the statement, Slovakia can produce 40 tons of wheat, 80 tons of soy or 20 tons of wheat and 40 tons of soy with 2 units of labor. On the other hand, Poland can produce 80 tons of wheat ,40 tons of soy or 40tons of wheat and 20tons of soy with two units of labor.
- If the two countries do not trade at all, they would have to consume what they can produce. <u>Slovakia</u> could only consume a maximun amount of 40 tons of wheat or 80 tons of soy (or a combination of 20 tons of wheat and 40 tons of soy), and <u>Poland </u>could only consume a maximun amount of 80 tons of wheat or 40 tons of soy (or a combination of 40 tons of wheat and 20 tons of soy).
- Slovakia can only consume 30 tons of both soy and wheat only if it trades, otherwise, this situation could not be attained, as mentioned in the previous paragraph.
Answer:
2019 = 2750
2020 = 5500
Explanation:
Given that:
Cost of truck = $36000
Salvage value = $3000
Useful life = 120, 000 miles
(Cost of asset - salvage value) / useful life
(36000 - 3000) / 120,000 = 0.275
2019 : 0.275 x 10,000 = 2750
2020 : 0.275 * 20000 = 5500
<span>Ron is the son who should classify his land as inventory instead of as a fixed asset because fixed assets typically lose value over time, or depreciate, and they do not get converted into cash. In this case, Ron's land would be classified as inventory.</span>