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
antiseptic1488 [7]
3 years ago
13

Hollis Industries produces flash drives for computers, which it sells for $20 each. Each flash drive costs $13 of variable costs

to make. During April, 1,000 drives were sold. Fixed costs for March were $2 per unit for a total of $1,000 for the month. How much is the contribution margin ratio
Business
1 answer:
Helen [10]3 years ago
4 0

Answer:

The contribution  margin ratio is 35%

Explanation:

The formula for contribution is given below:

Contribution margin = revenue − variable costs.

Contribution margin ratio is given as:

(Sales – variable expenses) ÷ Sales

In this case,contribution is given as 1000*($20-$13), in other words selling price per unit minus variable cost multiplied by number of units sold.

Contribution is $7000

contribution margin ratio =$7000/($20*1000)

                                         =0.35  or 35%

The implies that Hollis Industries makes a contribution of 35% per unit of output sold,hence, the contribution contributes towards covering fixed costs and making profit overall

You might be interested in
Broze Company makes four products in a single facility. These products have the following unit product costs: Products A B C D D
Tems11 [23]

Omg that's lot sorry I don't know

4 0
3 years ago
ou have just purchased a four-month, $630,000 negotiable CD, which will pay a 4.5 percent annual interest rate. a. If the market
Serjik [45]

Answer:

Explanation:

first will need to calculate the Fv future value of this CD

Fv = Pv ( 1 + R )^n n = 4 /12 = 0.333333,  r, rate = 4.5/100 = 0.045

Fv = $ 630000 ( 1+ 0.045)^0.33333 = $ 639311.69

a) the current value at 5 % Pv = Fv / ( 1+r)ⁿ

Pv = $ 639311.69  / ( 1.05)^0.3333 = $ 628998.41

b) the current price at 4.25% = $ 639311.69  / ( 1.0425)^0.3333 = $ 630503.20

8 0
3 years ago
What are some advantages of interactive media ? Give example. <br> Tks all &lt;3
Helen [10]

i think interactive media is almost every social media but im not 100% sure

4 0
2 years ago
Read 2 more answers
McDonald's serves McRice Burger in Malaysia, McOZ Burger in Australia, Kiwi Burger in New Zealand, McHuevo Burger in Uruguay and
devlian [24]

The question is incomplete:

McDonald's serves McRice Burger in Malaysia, McOZ Burger in Australia, Kiwi Burger in New Zealand, McHuevo Burger in Uruguay and McSamurai Burger in Thailand. These menu variations are examples of a:

a. A combination of global and local marketing mix elements

b. a selection of menu items that can be sold eventually in U.S. markets

c. A replacement of standard menu names with fancy names

d. a deviation from successful marketing practices

e. a reflection of failure of US menu items in those countries

Answer:

a. A combination of global and local marketing mix elements

Explanation:

The answer is that these menu variations are examples of a combination of global and local marketing mix elements  because the company tries to position its products on a global scale but also adjusts its strategies locally to adapt the placement and distribution to the specific characteristics of each country.

The other options are not right because McDonalds is adjusting its offer in its market to be able to establish its position in that market and not to be able to sell the items in US markets or to replace standard menu names. Also, this is the result of analyzing how to better position in a new market and not a failure of US menu items in those countries.

3 0
3 years ago
At which rate is total utility increasing: a constant rate, a decreasing rate, or an increasing rate
Ede4ka [16]

Answer:

a decreasing rate.

Explanation:

Total utility of an individual is the satisfaction which is achieved by consuming one additional unit of good. When a person achieves more goods his marginal utility declines. When the total utility is increased, the rate of utility is decreasing.

6 0
3 years ago
Other questions:
  • Releasing more information, in a common-value auction is a. ​Good for the bidders because it reduces the risk that they face b.
    9·1 answer
  • The lumber companies began to replant forests after they cut them down; this process is known as lumber farming. Lumber farming
    13·1 answer
  • swift Oil Company is considering investing in a new oil well. It is expected that the oil well will increase annual revenues by
    6·1 answer
  • 2. Someone looking to buy a franchise needs to consider the brand's failure rate. For
    6·1 answer
  • Widgeon Co. manufactures three products: Bales, Tales, and Wales. The selling prices are $55, $78, and $32, respectively. The va
    14·1 answer
  • Reprise Entertainment, Inc., a U.S. television and movie production company, files a suit against Substantivo TV, Ltd., a Mexica
    15·1 answer
  • A business’s total revenue for a specified period is $500,000, its operating expenses are $50,000, and its net profit if $150,00
    6·1 answer
  • Residual Disability Income pays funds to the insured, to make up for what the insured would have earned after returning to work,
    15·1 answer
  • Suggest strategies to succeed in outsourcing its HR services
    7·1 answer
  • A bond is issued with a $500 face value, a 2% yield, and a maturity of 1 year. If an investor purchases the bond at face value a
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!