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swat32
3 years ago
12

Armstrong industries has a contribution margin of $300,000 and a contribution margin ratio of 30%. how much are total variable c

osts?
Business
1 answer:
ozzi3 years ago
5 0
<span> $300,000 / 30% = 1,000,000 - 300,000 = $700,000 </span>
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mihalych1998 [28]

Answer: 7.35%

Explanation:

Based on the information given, the market rate of return on this stock will be calculated as:

= (D1/P0) +G

where,

D1= Dividend at year 1 = 2.20

P = price at present =43.19

G = dividend growth rate =2.25%

We then slot the figures into the formula and we will get:

= (D1/P0) +G

= (2.20 / 43.19) + 2.25%

= 0.051 + 2.25%

= 5.1% + 2.25%

= 7.35%

Therefore, the market rate of return will be 7.35%.

4 0
3 years ago
A computerized cash payments system that transfers funds without the use of checks, currency, or other paper documents.
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7 0
3 years ago
Uniform Supply accepted a $4,800, 90-day, 10% note from Tracy Janitorial on October 17. What entry should Uniform Supply make on
kolbaska11 [484]

Answer:

The answer is

Dr: Notes Receivable $4,800

Dr: Interest Receivable $120

Cr: Sales $4,920

Explanation:

The yearly interest rate is 10%

So the interest rate for 90 days(assume 360 days make a year?

90/360 x 10%

2.5% is the interest rate for 90 days.

The interest payment for 90 days will be;

2.5% x $4,800

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The entry will now be:

Dr: Notes Receivable $4,800

Dr: Interest Receivable $120

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3 0
4 years ago
Customer: An entity that describes a customer. An instance occurs for unique customers only using name, date of birth, and login
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Answer:

1. The relationship between customer and Online - One to one

2. The relationship between customer and Satisfaction - One to many

3. The relationship between online and visits - Many to many

4. The relationship between Visits and satisfaction - Prototype

Explanation:

The relation ship with customer is often one to one. The customers are required to fill the satisfaction surveys which enable the business to understand their value in the eyes of its customers and try to improve their level of service to their customers. The customer satisfaction is important for any business as the satisfied customer may bring more customers.

5 0
3 years ago
Many new restaurants have opened in Collegetown in recent years. Given this change in supply, what type of demand would result i
Darina [25.2K]

Answer: Inelastic demand

Explanation:

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7 0
3 years ago
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