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Marizza181 [45]
3 years ago
7

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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enry lives in Mississippi, which has a sales tax of 7%. He just bought a bed whose full price was $1600, but he got 30% off, bec
aliina [53]
I wish Enry would have looked at the tag on the bed. In most places full price means including the sales tax. However I don't think you mean that. I think that was your before tax amount.
So take 30% off the original price.

There are two ways you can do that. You can take 30% of 1600 and subtract that. We'll do that now.
1600 * 30/100 = 480 dollars. Now take that off 1600
1600 - 480 = 1120

Or you can take 70% of 1600 which should give you 1120 right away.
1600 * 70/100 = 1120

Now you can add on the sales tax and again, there are two ways to do it, but I'm only going to do it one way. The quick way to add on a sales tax (or any tax) is add the % as a fraction on to 1. 1 + 7/100 = 1 + 0.07 = 1.07

1120 * 1.07 = $1198.40

You could do this the other way. 7/100 * 1120 = 78.40.
1120 + 78.40 = 1198.40  
6 0
4 years ago
Bonnie purchased a new business asset (five-year property) on March 10, 2019, at a cost of $30,000. She also purchased a new bus
bearhunter [10]

Answer:  The cost recovery deduction for 2019 for these assets is $43000.

Explanation:

New business asset (five year property) purchased March 10, 2019 = $30000

New business asset (seven year property) purchased on November 20, 2019 = $13000

Additional depreciation of the first year is referred as the bonus depreciation.

Also, bonus depreciation in the year 2019 is at 100% of the value of assets bought during this year.

∴ Total assets value = New business asset (five year property) + New business asset (seven year property)

= $30000 + $13000

= $43000

Hence, the cost recovery deduction for 2019 for these assets is $43000.

6 0
3 years ago
In 2005, BridgePort Brewing Company expanded sales of its BridgePort India Pale Ale, and BridgePort Black Strap Stout into Alaba
Rina8888 [55]

Answer: organizing

Explanation:

When the brewery allocated resources to increase its production and distribution, the management function that it'll have relied on is organizing.

First and foremost, we should note that the management functions usually include:

• planning,

• organizing,

• leading, and

• controlling.

The organizational skills is vital in order for the company to runs smoothly. Organizing has to do with the establishment of internal processes in order to know the workers that fits a particular position.

Also, the management makes sure that everyone are organized and that workers are working hard towards the accomplishment of company's goals.

7 0
3 years ago
Reflecting on the past ten weeks, specify what you believe are the two most important concepts you have learned in this course.
Mariulka [41]

Explanation:

The administration course contributed with several essential concepts for the work and career of every professional.

In my opinion, the two most important concepts learned in this course were the development of marketing plans and management of social media.

Learning about the strategic importance of implementing a marketing plan will help the professional to understand the crucial steps in the development of the product and its phases until reaching the end customer. Another essential learning was social media, which is a worldwide trend in building customer and company relationships and cannot be ignored nowadays, through this new channel companies are able to establish a relationship marketing capable of creating value for the brand and increasing customer loyalty.

6 0
3 years ago
2019 2018 2017 2016 2015 Sales $ 512,623 $ 332,872 $ 260,056 $ 191,218 $ 142,700 Cost of goods sold 253,785 164,657 130,427 95,5
Lelu [443]

Answer:

Please find the complete solution in the attached file.

Explanation:

4 0
3 years ago
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