A disability ckeck maybe not sure
Contribution margin is the difference between the selling price and the variable cost. Contribution Margin Ratio is the ratio of contribution per unit divided by the selling price per unit.
So at $70 per unit of sales, the contribution per unit is
Contribution Margin = Selling Price - Variable Cost
Contribution Margin = $70 - ($70 × 40%)
Contribution Margin = $70 - $28
Contribution Margin = $42 per unit
Contribution Margin Ratio = Contribution Margin ÷ Sales Price per unit
Contribution Margin Ratio = $42 ÷ $70
Contribution Margin Ratio = 60%
Hence the Contribution Margin Ratio is 60%.
Answer: D. None of the answers are correct
Explanation: despite the numerous advantages that comes with large firms and businesses, however, with increasing size, various problems do come up which needs to be addressed. Some of these include a need for more managers as they become unwieldy to manage due to difficulty of coordination and control; increased operation costs as more equipments, tools and facilities are needed to meet up with production and service delivery etc. Consequently, it is very obvious that none of the options asides option D are appropriate.
Answer and Explanation:
1. Petty cash Dr, 150
To Cash account $150
(Being establishment of the fund is recorded)
For recording this we debited the petty cash as it increased the current assets and credited the cash as it decreased the value of current assets
2. Office supplies $35
Entertainment expense Dr, $110
To Cash account (balancing figure) $140
To Cash short and over $5 ($150 - $35 - $110)
Here we debited the office supplies and entertainment expense as it increased the expenses and we credited the cash account as it decreased the current assets
3. Petty cash account $150 ($300 - $150)
To Cash account $150
(Being the increase in balance is recorded)
For recording this we debited the petty cash as it increased the current assets and credited the cash as it decreased the value of current assets
Answer:
Yield to Maturity(YTM) = 3.47%
Explanation:
<em>The yield to maturity is the required rate of return (discount rate) that would equate the price of the bond and cash outflow expected from the bond. The yield on the bond can be determined as follows using the formula below: </em>
YTM = C + F-P/n) ÷ 1/2 (F+P)
YTM-Yield to maturity-
C- coupon
F- Face Value
P- Current Price
DATA
Coupon = coupon rate × Nominal value = 1,000 × 8%× 1/2=40(note we divide by 2 because interest is paid semi-annually)
n= 4×2 = 8 (note there 2 half months in a year)
Face Value = 1000
YM-?, C-40, Face Value - 1,000, P-103.75/100× 1000 = 1037.5
YM = (40 + (1000-1037)/8) ÷ ( 1/2× (1000 + 1037.5 ) ) =0.0347
YM = 0.0347
× 100 = 3.47%
Yield to Maturity = 3.47%