Answer:
his contribution margin is $75750
Explanation:
given data
buys = $460
sell = $750
sales commission = 5%
store rent = $7000
pay for staff = $1800
to find out
what would be his contribution margin
solution
contribution margin is express as
contribution margin = sales - sales commission - cost of good sold .........1
put here value
contribution margin = 300 × 750 - ( 300 × 750) 5% - 300 × 460
contribution margin = 75750
so his contribution margin is $75750
Answer:
Veronica is wrong because if Percy division is close, it's fixed won't be eliminated and as such the cost will be shouldered by the other divisions which will lead to a $9,400 reduction in profit.
Though eliminating Percy division will prevent the loss of $26,200. However with a fixed cost totalling $35600 which will have to be beared by other five divisions, eliminating Percy division won't be a good idea.
Explanation:
Kindly chech attached picture
Answer:
The correct answer is option B.
Explanation:
A price elasticity of demand is always negative for normal goods. It indicates that the price increase causes demand to fall.
The price elasticity less than 1 means demand is less elastic or inelastic. In other words, a change in price will lead to a smaller change in demand.
Similarly, a price elasticity greater than 1 means demand is highly elastic. So a change in price will lead to a greater change in demand.
Since, afternoon shows have less elastic or inelastic demand, the theatre should charge higher price for them.
While, the evening shows are highly elastic so the theatre should charge lower price.
In this way theatre can maximize total revenue.
Answer:
The value of a share of JRN after the announcement is closest to $2
Explanation:
24= 3 /(r-0.55)
r= 0,675
- now when Dividend is changed
Price = 1.1/(0,675 -0.1) = $ 1,91, approximately $2
Answer:
Susan Barnes
Total deductible business expenses:
= $1,300.
Explanation:
a) Data and Calculations:
Dates for business meetings = July 1st and 2nd
Flight charge = $480
Lodging for 3 days = $600 ($200 *3)
Meals for 3 days:
6/30: $40;
7/1: $70;
7/2: $70
7/5: $40
Total for meals = $220
Total business expense = $1,300 ($480 + $600 + $220)
b) According to the IRS (Internal Revenue Service), business expenses have been defined as any expenses that are "helpful and appropriate" for a business. This definition excludes lodging and meal expenses incurred by Susan on July 3rd and July 4th, when she takes personal time.
