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Arturiano [62]
2 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]2 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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Emily purchased a building to store inventory for her business. The purchase price was $895,000. Emily also paid legal fees of $
Ugo [173]

Answer:

Emily’s cost basis in the new building is $900,750.

Explanation:

Cost basis in the new building

= Purchase price of building + legal fees + Cost of interior design

= $895,000 + $450 + $5,300

= $900,750

Therefore, Emily’s cost basis in the new building is $900,750.

3 0
3 years ago
Rick is considering the following alternatives for investing in D Industries, which is now selling for $44 per share:
Darina [25.2K]

Answer:

Check the explanation

Explanation:

To calculate or compute the annual percentage growth rate over a particular year period, minus the opening value from the ending value, after which you’ll divide by the opening value. Then multiply the result you got by 100 to get your growth rate that is demonstrated as a percentage.

The step by step calculation can be seen below:

a)if reaches 50 then per share gain

=final-initial-call premium

=50-45-3.25=1.75

gain(%)=gaim/initial)*100

=(1.75/45)*100

=3.89%

b)gain=50-44=6

gain(%)=(6/44)*100

=13.654%

5 0
3 years ago
The primary difference between product markets and factor markets is that
Dennis_Churaev [7]

Answer:

The primary difference between product markets and factor markets is that:

Product markets are markets related to products, goods, tangible finished items.  This is where you'll get your product for sale and where people will buy it.

while

Factor markets are for the factors of production, mostly intangible, like labor, capital and entrepreneurial skills.  This is what you'll use (including raw materials) to make your product.

7 0
3 years ago
Tim Company had sales of $30,000, increase in accounts payable of $5,000, decrease in accounts receivable of $1,000, increase in
ipn [44]

Answer:

$31,000

Explanation:

decrease in accounts receivable = $1,000

Sales = $30,000

Cash collected from customers = Sales plus decrease in accounts receivables

                                                    = $30,000 + $1000

                                                    = $31,000

The decrease in account receivables represents the collection of cash from a customer. If sales amount to $30,000, all must have been collected in cash hence no amount was outstanding to increase receivables. Hence the addition of the two items gives the cash collected from customers.

5 0
3 years ago
Absent any exaggeration, supply chain professionals could boast how crucial their role is in satisfying B2B and B2C customers al
const2013 [10]

Answer:

True, but it applies to everyone in the organization.

Explanation:

Modern companies can only be successful if every single employee works as a team member, since competition keeps increasing and customers' expectations keep rising.

Every single role within an organization is important. Can supply chain professionals distribute a product that doesn't exist (wasn't manufactured on time)? Could they distribute a product that no one wants to buy (marketing and sales are extremely important also)? Could anyone work if the finance department couldn't do its job and there was no money in the company?

We tend to believe that what we do is extremely important and difficult to do, and other people have it easier because their are simpler than ours. But that is just nonsense. Once I heard a quarterback talking about who was the most important player in a football team, and his answer really surprised me, "Quarterbacks fill stadiums, but defenses earn championships". On a team no one is more important, the chain breaks on its weakest link.  

7 0
3 years ago
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