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
statuscvo [17]
3 years ago
6

Hollis industries produces flash drives for computers, which it sells for $20 each. each flash drive costs $13 of variable costs

to make. during april, 1000 drives were sold. fixed costs for march were $2 per unit for a total of $1000 for the month. how much is the contribution margin ratio?
Business
1 answer:
r-ruslan [8.4K]3 years ago
5 0
Given:
Price = $20
Variable Cost = $13
Total number of items sold = 1000

Find: Contribution Margin Ratio

The formula for Contribution Margin Ration is:
(Sales - Variable Expenses)/Sales

Revenue = 20000
Variable Expenses = 13000
Contribution Margin = 7000

(20000-13000)/20000 = 0.35

Hollis Industries Contribution Margin Ratio is 35%
You might be interested in
Gullett corporation had $44,000 of raw materials on hand on november 1. during the month, the corporation purchased an additiona
Zina [86]

Answer:

Dr Raw materials $93,000

Cr Accounts payable $93,000

Explanation:

Based on the information given we were told that during the month, the corporation had to purchased an additional raw materials of the amount of $93,000 which means that the journal entry to record the purchase of raw materials would include a:

Dr Raw materials $93,000

Cr Accounts payable $93,000

(To record purchase of raw materials)

4 0
4 years ago
The aggregate expenditures model assumes flexible prices true or false
Murljashka [212]
The answer to this is true
4 0
4 years ago
Read 2 more answers
Which of the following best describes civil procedure?
jeyben [28]

Answer:

The correct answer is D

Explanation:

Civil procedure is the body of law which sets or lay down the standards and the rules that the court follow when adjudicating or examine the civil lawsuits.

The rules are govern on how a case or a lawsuit is commenced, kind of pleadings, orders allowed in civil cases. So, it best stated with the process issued in the civil lawsuit.

5 0
3 years ago
Is it okay to write 350 words when the limit is 500 for a college essay?
Novosadov [1.4K]
You should always try to meet the word limit
3 0
3 years ago
Jane Tucker is the ethics officer for a publicly traded company. She is concerned that the company does not have a mechanism for
BabaBlast [244]

Answer: C) Without an anonymous reporting system, the company does not meet the minimum requirements for the protections of the Federal Sentencing Guidelines.

Explanation:

Based on the information given, it should be noted that since there's no anonymous reporting system, the minimum requirements for the protections of Federal Sentencing Guidelines isn't met by the company.

The Federal Sentencing Guidelines simply refers to the rules that with regards to the uniform policy through which the individuals and the organizations that have been convicted of felonies and every other misdemeanors are set up. In this case, the requirements hasn't been met since there is no anonymous reporting system.

7 0
3 years ago
Other questions:
  • Show Stoppers is a monopoly provider of ticket services for the concerts and sporting events and their current service charge is
    7·1 answer
  • What would be some of the drawbacks of having the victims of a crime, rather than the state (through its public officials), pros
    7·2 answers
  • Don’s Fashions is noticing a downward trend in sales. The company has been reaching out using social media to connect with custo
    12·1 answer
  • If you pay for parking at a smart parking payment terminal powered by solar panels with a contactless visa card, which of the fo
    11·1 answer
  • Charlet Company sells office chairs to its customers. On June 10, Charlet purchased 40 office chairs from one of its suppliers,
    6·1 answer
  • Look in a recent issue of The Wall Street Journal at "NYSE-Composite Transactions."a. What is the latest price of IBM stock? b.
    7·1 answer
  • A corporation issues 2,000 shares of common stock for $32,000. The stock has a stated value of $12 per share. The journal entry
    7·1 answer
  • Insurance Premiums ~ Mona is interested in the relationship between the amount insurance companies pay out for automobile collis
    10·1 answer
  • In a slow year, Deutsche Burgers will produce 2.8 million hamburgers at a total cost of $3.4 million. In a good year, it can pro
    13·1 answer
  • On July 31, 2017, Crane Company had a cash balance per books of $6, 245.00. The statement from Dakota State Bank on that date sh
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!