Answer:
0.6 or 60%
Explanation:
The contribution margin ratio is calculated by the formula below.
Contribution margin ratio = <u>contribution margin</u>
sales revenue
= For Dairy D's
Contribution margin per unit = sales - variable expenses
=$5-$2
= $3 per unit
Contribution margin = <u>Contribution margin per unit</u>
sale price per unit
=3/5
=0.6 or 60%
Answer:
a) November 21, 2013
Explanation:
The expected date of birth (EDB) would be calculated using Naegele's Rule and it is based on a normal 28 days menstrual cycle. The steps are as follows:
First, we need to identify the first day of the last menstrual period (LMP). Then we would count it back to three calendar months from that date. Finally, we would add 1 year and 7 days to that date.
In which case, the first day of LMP is February 14, 2013. Going back three months the date would be November 14, 2012. Finally, when we add 1 year and 7 days it would bring you to November 28, 2013, as the estimated due date.
Local languages, the dominant religions, views toward leisure time, and the age and lifespan demographics constitute the sociocultural factors that significantly influence business.
<h3>What is local language ?</h3>
Local Language means the language declared by the concerned State Government as their official language.
There are various type of languages :
- Standard / Polite / Formal.
- Colloquial / Informal.
- Regional Dialect.
- Social Dialect.
- Lingua Franca.
- Pidgin.
- Creole.
- Vernacular.
<h3>What is Sociocultural?</h3>
Sociocultural is a term related to social and cultural factors, which means common traditions, habits, patterns and beliefs present in a population group. The term is mostly used in sociologic and marketing contexts and refers to the most remarkable drivers behind the way people makes decisions in a society.
Therefore, The sociocultural influences that have a considerable impact on business are local languages, the prevalent faiths, attitudes toward leisure, and age and lifespan demographics.
Learn more about Sociocultural on:
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Answer:
debit Unearned Rent Revenue and credit Rent Revenue, $12,000.
Explanation:
Provided information we have,
Rent is received on 1 September 2017 for a period of 1 year on which it is accounted as Unearned Rent amounting $36,000.
Entry on that date would be
Cash A/c Dr. $36,000
To Unearned Rent $36,000
At the end of the year on 31 December 2017, we have period of current year lapsed = 1 September to 31 December = 4 months.
Thus rent income for the year = $36,000 
= $12,000
Therefore this rent of $12,000 will be recognized as rent income for the year 2017.
Entry will be
Unearned Rent A/c Dr. $12,000
To Rent Revenue $12,000
Answer: some consumers are willing to pay more than the equilibrium price.
Explanation:
Consumer Surplus is simply the difference between the price that is paid by a consumer and the price that the consumer was willing to pay in the first place.
In an unregulated, competitive market consumer surplus exists because some
consumers are willing to pay more than the equilibrium price.
