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ruslelena [56]
3 years ago
15

Funtime Park competes with Slide World by providing a variety of rides. Funtime sells tickets at $ 85 per person as a​ one-day e

ntrance fee. Variable costs are $ 17 per​ person, and fixed costs are $ 428,400 per month. Compute Funtime ​Park's contribution margin ratio. Carry your computation to two decimal places. Use the contribution margin ratio approach to determine the sales revenue Funtime Park needs to break even.
Perform a numerical proof to compute the contribution margin per unit.
Business
1 answer:
Molodets [167]3 years ago
4 0

Answer:

$531,000

Explanation:

For determining the contribution margin ratio, first we have the contribution margin per unit which is shown below:

Contribution margin per unit = Selling price per unit - Variable expense per unit

= $85 - $17

= $68

And, Contribution margin ratio = (Contribution margin per unit) ÷ (selling price per unit) × 100  

So, the Contribution margin ratio is

= ($68) ÷ (85) × 100

= 80%

Now the break even point in sales dollars is

= $428,400 ÷ 80%

= $531,000

We simply applied the formulas

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Information technology has been used to improve both internaland external access and sharing of information. Three main kinds of
Mashcka [7]

Answer:

1. Executive Information System (EIS).

2. Corporate Portal.

3. Intranet.

Explanation:

Information technology (IT) can be defined as a set of components or computer systems, which is used to collect, store, and process data, as well as dissemination of information, knowledge, and distribution of digital products.

An information technology (IT) interacts with its environment by receiving data in its raw forms and information in a usable format.

Information technology (IT) has significantly helped to improve both internal and external access and sharing of information between two or more business firms and individuals. Basically, there are three (3) main kinds of information technology (IT) which allow informations to be accessed and shared internally among employees; executive information systems (EIS), intranets, and portals.

1. Executive Information System (EIS): it assist managers working in an organization to monitor and analyze organizational performance. An Executive information system is also referred to as an Executive support system and it can be defined as a management support system that enhances and supports all of the senior executive information and decision-making process.

2. Corporate Portal: it's a hybrid system that uses a web address (uniform resource locator-URL) to give employees access to customized information and specialized transactions with respect to an organization.

3. Intranet: it's an internal company network which is private and provides employees with easy access to information.

8 0
2 years ago
Deep Water Mining added $411 to retained earnings last year on sales of $24,646. The administrative expenses were $4,370, deprec
ANTONII [103]

Answer:

It is $18,290.24

Explanation:

Profit after Tax (65%) = addition to retained earnings+dividend paid

                                   = $411 +  $285

                                    = $ 696

Profit before Tax = [100/65] * $ 696

                            = $1070.76

Tax (35%)             = 35% * $1070.76

                            = $374.77

Gross Profit = Profit before tax + Total expenses

                    = $1070.76 + [  $4,370+ $103+ $812]

                    = $6355.76

Cost of Sales= $24,646 -$6355.76

                     = $18,290.24 .

Note

-Dividend is paid is paid from profit after tax

6 0
2 years ago
Nero signs a check "pay to the order of Olive" drawn on Nero's account in Plum Bank- Olive signs the back of the check. Secondar
9966 [12]

Answer:

A. Nero and Olive only

Explanation:

The primary liability is on Olive, and secondary liability is on both Nero and Olive. Secondary liability is a legal obligation that a party accepts on behalf of another party. In this case, Nero and Olive are liable for each other.

The bank is not liable for any action related to the check except for those directly related to the bank's operation.

6 0
3 years ago
Tim's Taxi Service sold one of its cabs for $9,000. The cab had an original cost of $23,000 with $16,000 in accumulated deprecia
natta225 [31]

Answer:

The recognized gain is $2000

Explanation:

The carrying value of the cab sold is the difference between the original cost of $23,000 and the accumulated depreciation of $16,000, hence, carrying value is $7000($23000-$16,000)

The cash proceeds from the disposal of then cab are $9000

Gain on disposal of cab=$9000-$7000

Gain on disposal of cab=$2000

6 0
2 years ago
What time of day would you most likely expect thunderstorms to occur on a mountain?
zysi [14]
Thunderstorms are likely to occur during the afternoon or the evening in which will likely happen during this time because this is where unstable winds enter and moisture from the clouds and rain-- as they are a major component needed in order for a thunderstorm to occur.
6 0
2 years ago
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