If the cutting edge sells ice skates. total sales are $845,000, total variable expenses are $245,050 and total fixed expenses are $302,000. the variable expense ratio is: 29%.
<h3>Variable expense ratio</h3>
Using this formula
Variable expense ratio=Total variable expense /Total sales
Let plug in the formula
Variable expense ratio=$245,050/ $845,000
Variable expense ratio=0.29×100
Variable expense ratio=29%
Therefore If the cutting edge sells ice skates. total sales are $845,000, total variable expenses are $245,050 and total fixed expenses are $302,000. the variable expense ratio is: 29%.
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Leverage its brand equity to promote growth is answer.
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a financial institution that'll accept deposits, offers checking account services, and makes various loans and financial products
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is the present value of retirement benefits calculated by applying the pension formula in which the actuary includes projected salaries in the pension formula.
Explanation:
The Projected Benefit Obligation (PBO) is the present value of retirement benefits calculated by applying the pension formula in which the actuary includes projected salaries in the pension formula.
PBO is estimated by actuaries by applying the expected future increase in salaries, discount rate and a number of other factors.
To calculate projected benefit obligation, you subtract the pension plan's funded status from the fair value of the plan's assets.
