Answer: 48.9%
Explanation:
Model - - - - - - Selling price - - - - cont/margin
Youth - - - - - - $340 - - - - - - - - - - - $115
Adult - - - - - - - $870 - - - - - - - - - - - $460
Recreational - - $1060 - - - - - - - - - $510
Contribution margin per composite unit
Youth = $115 × 5 = $575
Adult = $460 × 9 = $4140
Recreational = $510 × 6 = $3060
TOTAL = $7775
Selling price per composite unit:
Youth = $340 × 5 = $1700
Adult = $870 × 9 = $7830
Recreational = $1060 × 6 = $6360
TOTAL = $15890
Contribution margin ratio per composite unit ;
($7,775 ÷ $15,890) × 100
0.4893 × 100 = 48.9%
It can impact your ability to be approved for bank loans.
This scenario illustrates that the company is aiming at fulfilling its <u>"discretionary responsibility".</u>
Discretionary responsibilities are those that are voluntarily expected by a business association. They incorporate advertising exercises, great citizenship, and full corporate social obligation. Through advertising exercises, chiefs endeavor to improve the picture of their organizations, items, and administrations by supporting noble purposes. This type of discretionary obligation has a self-serving measurement.
B i think hope this helps tell me if im wrong or right
Answer:
Option (c) is correct.
Explanation:
Given that,
Cash = $4,000
Short-term investments = $75,000
Accounts receivable = $61,000
Inventories = $110,000
Prepaid expenses = $30,000
Total current liabilities = $100,000
Current assets:
= Cash + Short-term investments + Accounts receivable
= $4,000 + $75,000 + $61,000
= $140,000
Therefore,
Acid-test ratio:
= Current assets ÷ Current liabilities
= $140,000 ÷ $100,000
= 1.4 to 1
