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Arturiano [62]
3 years ago
13

A cement manufacturer has supplied the following data: Tons of cement produced and sold 275,000 Sales revenue$979,000 Variable m

anufacturing expense$232,000 Fixed manufacturing expense$313,000 Variable selling and administrative expense$110,650 Fixed selling and administrative expense$93,000 Net operating income$230,350 The company's contribution margin ratio is closest to: Multiple Choice 44.3% 65.0% 68.0% 23.5%
Business
1 answer:
tresset_1 [31]3 years ago
3 0

Answer:

65%

Explanation:

Given that

Sales = $979,000

Variable manufacturing expense = $232,000

Variable selling and administrative expense = $110,650

The computation of contribution margin ratio is shown below:-

Contribution margin ratio = (Sales - Variable manufacturing expense - Variable selling and administrative expense) × 100 ÷ Sales

= ($979,000 - $232,000 - $110,650) × 100 ÷ $979,000

= ($979,000 - $342,650) × 100 ÷ $979,000

= $636,350 × 100 ÷ $979,000

= 65%

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what process include devising and maintaining a workable scheme to ensure that the project addresses the organization's need
nadezda [96]

Answer:

Planning

Explanation:

Planning of a project is needed to provide a guide to sponsors, stakeholders, the team, and the project manager on project phases and schedule.

When planning is done it avoids delays, identifies desired goals, reduces risk, and effectively delivers expected result.

Lack of planning causes waste of resources and missed deadlines on the project.

Steps in a project plan can include the following:

- Meeting with stakeholders

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6 0
3 years ago
Delores Bierlein paid a $200 deposit toward the rental of the Silver Room at Alex's Continental Inn for her wedding reception. L
sweet-ann [11.9K]

Answer:

It does not

Explanation:

In this question, we are asked to evaluate if a particular transaction carried out between a customer and an inn falls within the dictates of the local consumer protection law in the state.

Firstly, we look at what the local consumer protection law of the state talks about. It explicitly stated that customers should get receipts when suppliers receive deposits from them. Thus, this make the receipt act as the first thing to have if there would be any claim under the consumer protection law for the transaction carried out in the state.

Now, looking at the particular scenario we have, the customer paid for the room, but he was not issued a receipt. This makes the case not treatable within the consumer protection law of the state as the receipt which should have been a prerequisite for further exploration is not available

3 0
3 years ago
Read 2 more answers
On January 1, 2017, Marigold Corp. had Accounts Receivable of $59,400 and Allowance for Doubtful Accounts of $3,600. Marigold Co
Mnenie [13.5K]

Answer:

Please see attachment

Explanation:

Please see attachment

8 0
3 years ago
The recognition of the need for organizations to improve the state of people, the planet, and profit simultaneously if they are
romanna [79]

Answer:

The need for organisations (which may be governmental or non-governmental) to improve the condition of living of people and protect their environment whilst they pursue increased profitability has been termed

The Triple Bottomline.

It is also referred to by economists as the 3P - People, Planet and Profit.

It speaks to the fact that other than the usual making financial success the sole metric of measurement by which organisations are evaluated, their impact on people and the environment should be considered as well.

In simple terms, a firm should be termed more successful than others if it's activities besides being profitable also impacts positively on people and protects if not improves the environment.

Cheers!

7 0
3 years ago
The nature of the tax system means that there is usually a trade-off between ___ and ___.
IgorC [24]

Answer:

<u>equity and efficiency</u>

Explanation:

Under the tax system there is no tax on losses. And also the losses can be carried forward and set off to profits in future.

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The more efficiently the company works, higher will be the profit and higher will be the taxes.

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That is the price you pay for increasing or decreasing efficiency, in the form of income available for equity.

5 0
3 years ago
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