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NISA [10]
3 years ago
6

Lanning Company sells 160,000 units at $45 per unit. Variable costs are $27 per unit, and fixed costs are $975,000. Determine (a

) the contribution margin ratio, (b) the unit contribution margin, and (c) income from operations. a. Contribution margin ratio % b. Unit contribution margin $ per unit c. Income from operations
Business
1 answer:
tatyana61 [14]3 years ago
5 0

Answer:

a. Contribution margin ratio = Contribution per unit/selling price

                                              = $18/$$5

                                              = 0.4 = 40%

b.    Contribution per unit = Selling price - Variable cost per unit

                                       = $45 - $27

                                       = $18

c. Income from operations                         $

Total contribution ($18 x 160,000 units)  2,880,000

Less: Fixed cost                                            975,000

Income from operations                           1,905,000

Explanation:

Contribution margin ratio is the ratio of contribution per unit to selling price

Contribution per unit is the excess of selling price over variable cost per unit

Income from operation is the excess of total contribution over fixed cost

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What is a loan forgiveness program? "​
Zanzabum

Answer:

Loan forgiveness is a program in which student loans are all or partly written down, as long as a candidate fulfills certain requirements. In nations where students must finance their education with student loans, loan forgiveness programs are designed to help make college more accessible for people who are willing to do a little bit of extra work.

3 0
3 years ago
If $240,000 is invested today and returns $432,000 in 10 years, what formula can be used to calculate the interest rate
Vikki [24]

Answer:

r = (FV/PV)^(1/n) – 1

and

Interest is 6.05 %

Explanation:

Interest is calculated as :

r = (FV/PV)^(1/n) – 1

Thus,

The formula that can be used to calculate the interest rate is

r = ($432,000/$240,000)^(1/10) – 1

  = 6.05 %

6 0
3 years ago
Suppose that a business incurred implicit costs of $200,000 and explicit costs of $1 million in a specific year. If the firm sol
Flura [38]

Answer: $200,000 and its economic profits were zero.

Explanation:

First and foremost, we should note that when calculating accounting profit, the implicit cost isn't taken into consideration.

Therefore, the accounting profit will be:

= Revenue - Explicit Cost

= (4000 × 300) - Explicit cost

= 1,200,000 - 1,000,000

= 200,000

Then, Economic Profit will be:

= Accounting profit - Implicit cost

= 200,000 - 200,000

=0

Therefore, its its accounting profits were $200,000 and its economic profits were zero.

5 0
3 years ago
Sheri and Jake Woodhouse have one daughter, Emma, who is 16 years old. They also have taken in Emma's friend, Harriet, who has l
vfiekz [6]

Answer:

A

Explanation:

Harriet isnt their official child nor their relative.

4 0
4 years ago
Ohn and Henry are U.S. citizens and work for the same law firm that is headquartered in New York. John, however, works from the
Elan Coil [88]

Answer:

John is a parent-country national, whereas Henry is a host-country national.

Explanation:

-Expatriate: is a person that lives in a country that is not his/her native country.

-Parent-country national: is a person that is working in a country that is different from his/her native country but he/she has the same nationality as the company that he/she works for.

-Host-country national: is an employee that is from the country in which the company is operating.

-Third-country national: is a person that has a nationality that is different from that of the firm and from the country in which he/she is working.

-Repatriate: is a person that returns to his country of origin.

According to this, the answer is John is a parent-country national, whereas Henry is a host-country national as both are from the US but John works in London and Henry in New York.

5 0
3 years ago
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