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larisa [96]
3 years ago
8

Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant ra

nge of production is 500 units to 1,500 units): Sales $ 55,000 Variable expenses 33,000 Contribution margin 22,000 Fixed expenses 14,960 Net operating income $ 7,040 3. What is the variable expense ratio?
Business
1 answer:
melomori [17]3 years ago
6 0

Answer:

0.6

Explanation:

Variable Expense Ratio is calculated by taking Variable Expense and dividing it by Sales. This ratio indicates how much of the variable expense is incurred by company for each $1 Sales.

So, variable expense ratio is .6 or 60% (33,000 / 55,000).

Such questions also require the calculation of Contribution Margin Ratio which is calculated by taking Contribution Margin and Dividing it by Sales. This ratio tells us how much the company generates after covering variables expenses when the sales are $1.

So, Contribution Margin Ratio is .4 or 40% (22,000 / 55,000).

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Answer:

555

Explanation:

4 0
3 years ago
What was the greatest percentage loss in your total portfolio?
Natasha2012 [34]

-2.99% was the greatest percentage loss in total portfolio.

Subtract the purchase price from the current price and divide the result by the asset's purchase prices to determine the net gain or loss in the portfolio. The above method can be modified to determine a portfolio's percentage return. You will base your calculations on the overall value of your portfolio rather than the stock's acquisition price and market value.

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Complete Question:

You'll now need to do some math to compute the percentage change in the value of your total portfolio. For each monthly statement, add up the value of the two funds to get your total portfolio value at the end of that month. Compute the month to month percentage change of the value of your portfolio by subtracting the beginning value from the ending value and then dividing it by the beginning value . What was the greatest percentage loss in your total portfolio?

3 0
1 year ago
Rhone-Poulenc is an international French company that produces and markets a variety of chemicals and pharmaceuticals. Due to th
fomenos

Answer:

core competency

Explanation:

Core competency -

It refers to as the characteristics of the business or company in order to stand out from rest in the competitive market , is referred to as the core competency  .

It consists of innovative skills , resources , technology , manpower , which makes a particular company far more better than rest of the companies .

Hence , from the given scenario of the question ,

The correct answer is core competency  .

6 0
3 years ago
Who most likely actually pays the tax on rental property?
LiRa [457]

landlord jk

Explanation:

4 0
2 years ago
Read 2 more answers
What new business strategies allowed businesses to weaken or eliminate competition?.
Rudiy27

Answer:

produce unique products

Explanation:

when a business produce unique products can't be threatened by substitution products

6 0
1 year ago
Read 2 more answers
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