Answer:
0.9717 per unit sold (approx)
Explanation:
Here, we are assuming 52 weeks in a year.
Contribution margin:
= (Sales revenue - variable cost) ÷ sales revenue
= [(3.52 × 10 + 3.52 × 0.18 × 540 × 52) - (3.52 × 0.26 × 551)] ÷ (3.52 × 10 + 3.52 × 0.18 × 540 × 52)
= [(35.2 + 17,791) - (504)] ÷ (35.2 + 17,791)
= [17,826.2 - 504] ÷ 17,826.2
= 17,322.2 ÷ 17,826.2
= $0.9717 per unit sold (approx)
Financial literacy is the education and understanding of various financial areas. This topic focuses on the ability to manage personal finance<span> matters in an efficient manner, and it includes the knowledge of making appropriate decisions about personal finance such as investing, insurance, real estate, paying for college, budgeting, retirement and </span>tax planning.<span>
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Answer:
2.66% of the principal.
Explanation:
Suppose the principal 100.
The value of the floating rate bond underlying the swap is 100.
The value of the fixed rate bond is 3/1.02 + 3/(1.03)^2 + 103/(1.04)^3 = 97.34.
The value of the swap is therefore 100−97.34 = 2.66 or 2.66% of the principal.
Answer:
False
Explanation:
Ramon is a sole proprietor and he has the right to take the profits from his business after conducting all the necessary tax deduction. Therefore, on the Schedule C Report, he can also document the income/profit he made after removing the self employment tax. He doesn't need to document the income from the payment card and other sources of income.
