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
raketka [301]
3 years ago
9

In the month of March, Ivanhoe Salon services 550 clients at an average price of $150. During the month, fixed costs were $26,88

0 and variable costs were 60% of sales. (a) Determine the total contribution margin in dollars, the per unit contribution margin, and the contribution margin ratio. Contribution margin in dollars $ 60 Contribution margin per unit $ 180 Contribution margin ratio %
Business
1 answer:
GrogVix [38]3 years ago
5 0

Answer:

Explanation:

Variable cost = 60% x $150 = $90

a) Total contribution margin in dollars = ($150 - $90) x 550 = $33,000

b) Unit contribution margin = 150 - 90 = $60

c) Contribution margin ratio = 60/150 = 40%

You might be interested in
Roberto Designers was organized on January 1, 2018. The firm was authorized to issue 140,000 shares of $5 par value common stock
Phoenix [80]

Answer:

The total stockholder's equity at the end of the year will be $352,000.

Explanation:

The issue of common stock at $7/share= 14,000*$7=$98,000

The issue of common stock at $8/share= 28,000*$8=$224,000

The net income is $140,000.

The dividends paid= $70,000.

Purchase of treasury stock= 4000*$10=$40,000

The total stockholder's equity

=The issue of common stock at $7/share+The issue of common stock at $8/share+The net income-The dividends paid-Purchase of treasury stock

=$98,000+$224,000+$140,000- $70,000-$40,000

=$352,000.

7 0
3 years ago
Can someone help me with this please:):)
ratelena [41]

Number 4 bottom answer

Explanation:

I know the first bit which is Total Utility is consumer satisfaction with all consumption for definite.

6 0
3 years ago
If Sara just reconciled her checking account, what did she do?
hoa [83]
"In accounting, reconcile means to compare two sets of records to make sure they are in agreement"

She compared two sets of records for example checking and finance to make sure it's in agreement
3 0
3 years ago
Energy Unlimited, LP, is a limited partnership to which its partners, including Fink, have contributed capital. Energy's credito
fenix001 [56]

Answer: c. Grave first

Explanation:

In dissolving a limited partnership business all creditors are paid first.

4 0
3 years ago
A speaker says, "because the japanese make the best stereo sound systems in the world, you should consider buying a japanese-mad
Advocard [28]
<span>The speaker is using the fallacy of building on an unproven assumption. The speaker has made the assumption that the Japanese make the best stereo sound systems in the world. This is merely his/her opinion, and is not a proven fact. Thus, when the speaker bases another argument on that assumption, he has used a fallacy in reasoning.</span>
7 0
3 years ago
Other questions:
  • How would you analyze three business tenets someone e is considering to invest in company stock? What data would you use? How wo
    7·1 answer
  • The extent to which an innovation can be imitated by a competitor depends on
    10·1 answer
  • Arlene makes earrings in the shape of the mascot of a local university. Last year Arlene made 250 pairs of earrings, which she s
    6·1 answer
  • During a recent brainstorming session, one of Franklin's co-workers suggested that their company could sell some of the data con
    11·1 answer
  • Sasha is an agent for ABC Insurance Company. Under her agent contract, she is allowed to use the company's logo on her office do
    5·1 answer
  • g Last year, Adventure Enterprises reported revenues of $24 million while its total expenses were $10 million. Based on this inf
    10·1 answer
  • A limited liability company (LLC) will be taxed as a corporation unless it elects to be taxed as a partnership. True False
    9·1 answer
  • Why would a bank be more likely to make a loan to someone with a FICO score of 750 rather than someone with a score of 500? a) T
    12·2 answers
  • Diusitech Inc. Income Statement For the Year Ending on December 31 (Millions of dollars)
    11·1 answer
  • Monopolies can earn positive economic profits in the long run while monopolistically competitive firms cannot due to
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!