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3 years ago

If sales are $803,000, variable costs are 66% of sales, and operating income is $262,000, what is the contribution margin ratio

Business

1 answer:

vfiekz [6]3 years ago

7 0

Answer:

34%

Explanation:

The formula to calculate the contribution margin ratio is:

Contribution margin ratio= (Sales – variable expenses)/sales

Sales=$803,000

Variable expenses=$803,000*66%=$529,980

Now, you can replace the values:

Contribution margin ratio=($803,000-$529,980)/$803,000

Contribution margin ratio=0.34

According to this, the answer is that the contribution margin ratio is 34%.

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When Jolt Co. acquired 75% of the common stock of Yelts Corp., Yelts owned land with a book value of $70, 000 and a fair value o

Serjik [45]

Answer:

E) $ 100, 000.

Explanation:

Under consolidation when the share holding is 50% or more, then it is a parent, subsidiary relationship and in that case equity method is followed.

All the assets of subsidiary are reported in the balance sheet of holding company also. This is to be reported at fair market value.

The minority shareholding is calculated for their share and shown separately.

But all assets are recorded at fair value.

Thus, the correct option shall be:

$100,000 being the fair value of land.

5 0

3 years ago

Troy, who is 18, offers to sell Jenna, who is also 18, his car for $5,000. Jenna accepts Troy's offer, but only agrees to pay $4

serg [7]

Answer:

correct answer is c. Acceptance

Explanation:

given data

Troy age = 18

Jenna age = 18

offer price = $5,000

acceptance price = $4,500

as we know for contract 2 main condition should be fulfill that is Offer and acceptance

and here Offer is provided by Troy in contract

but acceptance from any other person accept offer as it is accepted as offer itself so we can say contract is valid

but here no any acceptance in this contract rather than it is counter offer

so correct answer is c. Acceptance

3 0

3 years ago

Which of the following is NOT an employer responsibility stated in OSHA’s Bloodborne Pathogens Standard?

Lelechka [254]

The answer is: C. Take minimal precautions.

Blood borne pathogens could be easily transferred from stab wounds, and many working place that require physical labors had a high chance for such occurrence.

Since blood borne pathogens could not be taken lightly, OSHA require employers to take maximum precautions to prevent the transfer of disease.

4 0

3 years ago

Read 2 more answers

1) What item is in a Perfect Competition Market at the Braves Stadium? Explain how you determined this.

klemol [59]

Agricultural markets. In some cases, there are several farmers selling identical products to the market, and many buyers. ..

8 0

3 years ago

A monopolist finds that a person’s demand for its product depends on the person’s age. The inverse demand function of someone of

KiRa [710]

Explanation:

A manufacturer of computer memory chips produces chips in lots of 1000. If nothing has gone wrong in the manufacturing process, at most 7 chips each lot would be defective, but if something does go wrong, there could be far more defective chips. If something goes wrong with a given lot, they discard the entire lot. It would be prohibitively expensive to test every chip in every lot, so they want to make the decision of whether or not to discard a given lot on the basis of the number of defective chips in a simple random sample. They decide they can afford to test 100 chips from each lot. You are hired as their statistician.

There is a tradeoff between the cost of eroneously discarding a good lot, and the cost of warranty claims if a bad lot is sold. The next few problems refer to this scenario.

Problem 8. (Continues previous problem.) A type I error occurs if (Q12)

Problem 9. (Continues previous problem.) A type II error occurs if (Q13)

Problem 10. (Continues previous problem.) Under the null hypothesis, the number of defective chips in a simple random sample of size 100 has a (Q14) distribution, with parameters (Q15)

Problem 11. (Continues previous problem.) To have a chance of at most 2% of discarding a lot given that the lot is good, the test should reject if the number of defectives in the sample of size 100 is greater than or equal to (Q16)

Problem 12. (Continues previous problem.) In that case, the chance of rejecting the lot if it really has 50 defective chips is (Q17)

Problem 13. (Continues previous problem.) In the long run, the fraction of lots with 7 defectives that will get discarded erroneously by this test is (Q18)

Problem 14. (Continues previous problem.) The smallest number of defectives in the lot for which this test has at least a 98% chance of correctly detecting that the lot was bad is (Q19)

(Continues previous problem.) Suppose that whether or not a lot is good is random, that the long-run fraction of lots that are good is 95%, and that whether each lot is good is independent of whether any other lot or lots are good. Assume that the sample drawn from a lot is independent of whether the lot is good or bad. To simplify the problem even more, assume that good lots contain exactly 7 defective chips, and that bad lots contain exactly 50 defective chips.

Problem 15. (Continues previous problem.) The number of lots the manufacturer has to produce to get one good lot that is not rejected by the test has a (Q20) distribution, with parameters (Q21)

Problem 16. (Continues previous problem.) The expected number of lots the manufacturer must make to get one good lot that is not rejected by the test is (Q22)

Problem 17. (Continues previous problem.) With this test and this mix of good and bad lots, among the lots that pass the test, the long-run fraction of lots that are actually bad is (Q23)

7 0

3 years ago