Answer:
Stanley's Bicycles contribution margin is $7,500
Explanation:
<u>Stanley's Bicycles Contribution Margin Income Statement for the month of June</u>
Sales ($750 x 200) $150,000
Less Variable Costs :
Costs of Sales ($600 x 200) $120,000
Commissions ( $150,000 x 15 %) $22,500 ($142,500)
Contribution $7,500
Less Fixed Costs
Rent $1,400
Salaries $3,000 ($4,400)
Net Income $3,100
Conclusion
Contribution Margin is Sales less Variable Costs. Therefore, Stanley's Bicycles contribution margin is $7,500
<span>The supply curve represents the lowest price at which a firm is willing to accept. The supply curve shows the lowest price the producer is willing to accept for a unit of their product. Producers need to make sure they aren't losing money but selling their products to wholesalers to then sell to the consumer. The producer needs to make a profit off of their product as well. This is where the supply curve comes in, it allows the firm to set the lowest price they can accept when they sell their units off. </span>
Answer:
Opportunity cost
Explanation:
The theory of comparative advantage represent that if there is any benefit from the international trade so it does not only show the absolute advantage at lesser cost but it also represent the comparative advantage and generating at a lesser opportunity cost as the theory of comparative advantage says that the product and services should be produced at lower opportunity cost
Answer:
The contribution margin per unit is $7
Explanation:
The contribution margin per unit can be defined as the difference between the selling price per unit and the variable cost per unit.
Contribution margin per unit = Selling price - Variable cost
Contribution margin per unit = $12 - $5
Contribution margin per unit = $7
The contribution margin per unit is $7
For many things identity theft, to be treated as if they don’t know as much etc
