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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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Forward contracts a. have a high liquidity risk related to immediate cash access to pay for possible losses. b. are less standar
miskamm [114]

Answer:

b. are less standardized than futures contracts.

Explanation:

  • A forward contract is a simple non standardized contract between the two parties that have to buy or sell the asset at a specific time in the future at the price that is agreed on and this is called the long and short term position.
  • They have closely related the future contracts but differ in certain aspects as they are not traded or defined or standardized assets But however are treaded over the market and over the counter i.e OTC and market to market daily calls.
8 0
3 years ago
Malcolm faced resistance from the team most likely because he did NOT utilize which of the following influence tactics?
olya-2409 [2.1K]

Answer:

A) rational persuasion

Explanation:

Rational persuasion is the use of logic and evidence to influence others.  An expert or a person in authority use their knowledge and experience to influence the behaviors of their team members. Rational persuasion involves convincing others by use of facts and presentation of expert opinion.

Malcolm is facing rebellion because his team is not convinced about his decision. He did not provide compelling reasons to his team as to why they should follow his guidance. Malcolm needs to prove and convince his team that his decisions are best for the business and to them.

8 0
3 years ago
The marginal-cost curve intersects the average-total-cost curve at the output level where average fixed costs are zero.
earnstyle [38]

Answer:

False

Explanation:

The marginal cost curve intersects across total curve at the options level where average costs are zeo

Work

6 0
3 years ago
A union election was held by the NLRB at Jaxon Industries, and 130 workers cast votes in the election. How many votes in favor o
zimovet [89]

Answer:

66

Explanation:

When union workers vote to elect their representatives, the representative must be elected by a simple majority of the votes. A simple majority means 50% plus 1. In this case 50% of 130 votes = 65 votes plus 1 = 66 votes.

Exclusive representation is a legal status that allows the elected representative the legal right to represent the union workers in different situations, e.g. collective bargaining

7 0
3 years ago
A nonprofit group organizes its local fundraisers in teams, with each of its L team leaders responsible for D group directors, a
Akimi4 [234]

Answer:

Each of L team leaders has D group directors, making the total number of group directors equal to (L)(D). And each of those group directors has F fundraisers, again requiring multiplication: that total is (L)(D)(F). (You can try this by plugging in small numbers - if each of 2 leaders has 3 directors, you know there would be 6 directors)

So while statement 1 is not sufficient (there are multiple combinations that could get you to 81, such as L = 1, D = 2, and F = 39; or L = 1, D = 5, and F = 15), statement 2 guarantees that there is only one team leader. This is because 5 is a prime number, and you know that the number of group directors = LD. The only possible way for LD to equal 5 is if L is 1 and D is 5, or if D is 1 and L is 5. And since the stimulus tells you that there are more directors than leaders, the combination must be 5 directors and 1 leader. Accordingly, statement 2 is sufficient.

Explanation:

4 0
3 years ago
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