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3 years ago

Given the following information, the total contribution margin is:

Business

1 answer:

blsea [12.9K]3 years ago

7 0

Answer:

The correct answer is A.

Explanation:

Given the following information, the total contribution margin is:

Sales Revenue $5,000

Variable cost of goods sold 2,700

Full cost of goods sold 2,900

Fixed selling and admin. expenses 1,100

Variable selling and admin. expenses 800

Contribution margin= Sales revenue - total variable cost

CM= 5,000 - 2,700 - 800= 1,500

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3 years ago

Philippe Organic Farms has total assets of $689,400, long-term debt of $198,375, total equity of $364.182, net fixed assets of $

Margarita [4]

Answer:

correct option is B. 1.40

Explanation:

given data

total assets = $689,400

long-term debt = $198,375

total equity = $364.182

net fixed assets = $512,100

sales = $1,021,500

profit margin = 6.2 percent

solution

we get here first current assets that is express as

current assets = Total assets - net fixed assets ...................1

put here value

current assets = $689,400 - $512,100

current assets = $177300

and now we get Current liabilities that is express as

Total liabilities = Total assets - Total equity .............2

Current liabilities + Long term debt = Total assets - Total equity

Current liabilities = Total assets - Total equity - Long term debt ...........3

put here value

Current liabilities = $689400 - $364182 - $198,375

Current liabilities = $126843

so here Current ratio will be

Current ratio = current assets ÷ Current liabilities .............4

Current ratio = $\frac{177300}{126843}$

Current ratio = 1.40

so correct option is B. 1.40

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