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Alja [10]
3 years ago
14

MC Qu. 128 Leeks Company's product has... Leeks Company's product has a contribution margin per unit of $13.57 and a contributio

n margin ratio of 23.0%. What is the selling price of the product
Business
1 answer:
Ray Of Light [21]3 years ago
3 0

Answer:

The price of the product is $59

Explanation:

Contribution margin is the net of the selling price and variable cost per unit. Contribution margin ratio is the ratio of contribution per unit to selling price per unit. As given below

Contribution margin ratio = Contribution margin per unit / Selling price per unit

23% = $13.57 / Selling price per unit

Selling price per unit = $13.57 / 23% = $59

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A cartel is difficult to maintain for which of the following reasons? A. Consumers substitute away from the good when the price
Ulleksa [173]

Answer:

The correct answer is option B.

Explanation:

A cartel can be defined as a group of independent producers who come together to form a group in order to improve profits. In an oligopoly market, there are few firms in the market. The firms are such that the economic decisions of one firm or producer affects their rivals.  

In such a situation, the firms come together to form a cartel to protect their interests. In a cartel, production limits are set for all producers so that the price is high. But cartels are generally short-lived.  

This is because the individual producers have incentives to cheat the cartel by producing more than a set limit so that they can increase their profit and market share.

4 0
3 years ago
Suppose Kendall's had cost of goods sold during the year of $ 260 comma 000. Beginning merchandise inventory was $ 20 comma 000​
kiruha [24]

Answer:

Inventory turnover = 9.45

Explanation:

Inventory turnover is defined as the ratio between Cost of good sold and average inventory.

Average inventory is defined as follows, where BI = Beginning merchandise inventory and EI = Ending merchandise inventory:

Average Inventory = \frac{BI + EI}{2}

Average Inventory=\frac{20000+35000}{2}=27500

then:

Turnover = \frac{260000}{27500} \\Turnover = 9.45

6 0
2 years ago
Tha tabacoo compaines have paid billions because of smoking.a. Trueb. False
Alexxx [7]

Answer:

a. True

Explanation:

As per the data collected as on April 15, 2019 which reflects the tax day in the united states. On this date, the five greatest companies who deals in tobacco  pay $9 billion to the state governments each and every year to settle out the legal proceeding for the year 1998 in order to compensate the states for the tobacco-related cost illness like - cancer, heart disease, etc

Therefore according to the above information, the given statement is true

3 0
3 years ago
What does FEMA stand for
mote1985 [20]
If you are talking about what I am thinking... FEMA means (Federal Emergency Management Agency<span>) </span>
6 0
2 years ago
Read 2 more answers
A project that provides annual cash flows of $16,800 for nine years costs $74,000 today. what is the npv for the project if the
ExtremeBDS [4]

Answer:

$30,947.92

Explanation:

The computation of the net present value is shown below:

= Present value of all yearly cash inflows after applying discount factor +  - initial investment  

where,  

The Initial investment is $74,000

All yearly cash flows would be

= Annual cost savings × PVIFA for 9 years at 8%  

= $16,800 × 6.2469

= $104,947.92

Refer to the PVIFA table

So, the net present value is

= $104,947.92 - $74,000

= $30,947.92

6 0
3 years ago
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