Raymond estimates that the fixed costs associated with opening a new bank branch are $500,000. He expects the branch to attract
1 answer:
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Answer:
The contribution margin ratio can be calculated using either total amounts or per unit amounts.
Explanation:
Contribution margin ratio =
This can even be done by
This will calculate contribution as a percentage of Sales, with this margin ratio we get break even sales value, and not the units.
Whenever there is an increase in variable cost it decreases the contribution.
Therefore, correct statement is
The contribution margin ratio can be calculated using either total amounts or per unit amounts.
Answer:
90%
Explanation:
Let x be the total number of matches,
Given,
80% of games were finished,
So, the number of finished games = 80% of x = 0.8x
∴ Remained games= x - 0.8x = 0.2x
Now, 40% of 80% of games were won,
So, the winning games in 0.8x matches = 40% of 0.8x
= 0.4 × 0.8x
= 0.32x
In order to finish games with the same number of wins as losses,
Winning percentage in all games must be 50%,
Thus, the total winning games = 50% of x = 0.5x
Let y be the winning percentage in 0.2x games,
So, the total winning games in 0.2x games =
∵ Number of winning matches in 80% games + number of winning matches in 20% = total winning matches
⇒
Hence, the percent of winning the in the remaining games must be 90%.