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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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What is the npv assuming cash flows all come at the end of each period wall street prep?
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5 0
1 year ago
Amanda's Interior Design has credit sales of $783,000, costs of goods sold of $418,000, and average accounts receivable of $107,
posledela

Answer:

The 50.30 days are required to take its credit customers to pay for their purchases.

Explanation:

For computing the average collection period, we have to use the formula of the average collection period.

Average collection period = Average accounts receivable ÷ Credit sales × total number of days in a year

= $107,900 ÷ $783,000 × 365

= 0.13780 × 365

= 50.30 days

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Hence, 50.30 days are required to take its credit customers to pay for their purchases.

5 0
3 years ago
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mariarad [96]

Answer:

Permanent accounts

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4 0
3 years ago
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