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abruzzese [7]
3 years ago
12

Flannigan Company manufactures and sells a single product that sells for $650 per unit; variable costs are $338. Annual fixed co

sts are $960,000. Current sales volume is $4,320,000. Compute the contribution margin ratio.
Business
1 answer:
kkurt [141]3 years ago
5 0

Answer:

The contribution margin ratio is 0.48

Explanation:

The contribution margin ratio is calculated by using following formula:

Contribution margin ratio = (Sales - Total Variable cost)/Sales

Flannigan Company has current sales volume of $4,320,000

The number of products are sold = $4,320,000/$650

Total Variable cost = The number of products are sold x variable costs per unit = $4,320,000/$650 x $338 = $2,246,400

Contribution margin ratio = ($4,320,000 - $2,246,400)/$4,320,000 = 0.48

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Will Mark BRAINLIEST
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you said to use images and words so here you go your teacher should be impressed

get dababied

5 0
3 years ago
Which of the statement(s) is correct? i. Corporations rarely pay tax on the interest income. ii. Higher tax bracket people tend
Doss [256]

Answer:

E. All the statements are correct

Explanation:

i. Corporations rarely pay tax on the interest income.

This statement is correct. Some companies do not even pay any income taxes.

ii. Higher tax bracket people tend to buy municipal bond because it is federal tax exempt.

Correct, people who have high incomes, and are subject to a high federal income tax rate often buy municipal bonds because these bonds are exempt from federal income tax.

iii. Short term capital gain and long-term capital gain are treated differently for individuals.

Correct. Short-term capital gains are those obtained from the sale of property that was owned for less than one year. This gains are often treated with the highest tax rate.

Long-term capital gains are those obtained from the sale of property that was owned for more than one year, and are treated with more favorable tax rates.

iv. The corporate tax rates in the U.S. is one of the lowest among the developed nations.

This statement is correct. The corporate tax rate in the U.S. is a nominal 21% (the effective rate can be as low as 0% for some companies). This is one of the lowest rates among developed nations, whose rates hover around 25 to 30% on average.

5 0
2 years ago
Cyclical unemployment is caused by business cycle fluctuations. reducing international trade barriers, which causes some industr
Shalnov [3]

Answer:

The correct answer is letter "A": business cycle fluctuations.

Explanation:

Cyclical unemployment refers to unemployment related to downturns in the economy. It tends to be temporary but the length depends on the level of contraction of the economy during a recession. This type of unemployment is typical of the natural increase and decrease cycle of a nation's growth.

6 0
3 years ago
What are the implications of sharing confidential material information?
Norma-Jean [14]
The implication of sharing confidential material information is about having to keep a certain thing private in a way that it should be remained secret and hidden unless it has been given consent by the person who holds the privacy to be told to another party. It is not release carelessly and should be handled with care as it should be kept by the person withholding the information.
5 0
2 years ago
In the month of October, Tran Incorporated had salaries of $15,000 for factory managers, $18,000 for financial managers, and $42
Sloan [31]

Answer:

The correct answer is C.

Explanation:

Giving the following information:

$15,000 for factory managers

$18,000 for financial managers

$42,000 for company executives.

$98,000 for factory workers

$64,000 for office workers.

To calculate the labor cost we need to separate between indirect and direct labor:

Indirect labor:

Factory managers (manufactury overhead)= 15,000

Direct labor:

Factory workers= 98,000

Total labor cost= $113,000

7 0
3 years ago
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