Answer:
Contribution= $214,800
Explanation:
<em>Contribution margin ratio is the proportion of sales revenue that is earned as contribution. </em>
Unit sold = revenue / selling price = 880,000/55 = 16,000 units
Contribution = Sales revenue - variable cost
Variable admin = 4% × 880,000= 35200
Variable selling = 5× 16,000 = 80,000
Contribution = Sales revenue - cost of goods sold - admin - selling
= 880,000 - 550,000- 35200 - 80,000=214,800
Contribution= $214,800
Answer:
The correct answer is option A.
Explanation:
Money can be defined as an object that is widely used as a medium of exchange in economic transactions. The primary function of money is to act as a medium of exchange for goods and services.
Other than that money also performs a number of secondary functions. It acts as a store of value, unit of account and standard of deferred payments.
Money can be of different types such as commodity money, bank money, and fiat money.
Ecological niche. ✨
I assume this is for psych, or something.
