1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
love history [14]
3 years ago
11

Terry’s Frame & Art Shoppe produces and sells picture frames to clients at $8.00 per picture frame. The variable cost to pro

duce each picture frame is $3.25. The fixed costs are $3,000 per month. What is the firm’s contribution margin per picture frame?
Business
1 answer:
Pavel [41]3 years ago
3 0

Answer:

59.375%

Explanation:

Mathematically, the contribution margin ratio can be solved using the following formula;

(Sales-variable cost)/sales * 100%

According to the question, the sales is $8 per picture, while the variable cost is $3.25

The contribution margin ratio is thus:

(8-3.25)/8 * 100/1

4.75/8 * 100% = 59.375%

You might be interested in
What i think is our best determination is it will be a colder than normal winter.​ i'm basing that on a couple of different thin
Hitman42 [59]
<span>B.The climatologist's prediction is probably wrong. Since the past few winters have not had very cold weather, it is more likely that the next winter will also not have very cold weather.</span>
3 0
4 years ago
Jose Inc. reports the following balances and amounts. The following information is presented in random order (amounts are in dol
tankabanditka [31]

Answer:

Current assets        300.000,00

Current liabilites        120.000,00

WORKING CAPITAL 180.000,00

Explanation:

Working capital, also known as net working capital (NWC), is the difference between a company’s current assets, such as cash, accounts receivable (customers’ unpaid bills) and inventories of raw materials and finished goods, and its current liabilities, such as accounts payable

8 0
3 years ago
A woman walks into a store and steals $100 she comes back and buys $70 worth of goods with the $100, the owner gives her$30 in c
deff fn [24]
The answer is $100.

Amount she steals= $100
Amount she bought goods= $70
Amount the owner returns as change = $30
Amount owner loses=?

Amount she steals +amount of goods - amount she gives to owner + amount owner returns as change = $100 + $70 - $100 + $30 = $200 - $100 = $100
8 0
3 years ago
The most recent financial statements for Summer Tyme, Inc., are shown here:
d1i1m1o1n [39]

Answer:

External finance needed = $2,088

Explanation:

Note: See the attached excel file for the Calculation of ratios with respect to sales, Proforma Income Statement, Calculation of Retained Earnings and Equity, and Proforma Balance Sheet.

From the Proforma Balance Sheet in the attached excel file, we have:

Total Assets = $12,610

Total Liabilities = $10,448

Therefore, we have:

External finance needed = Total Assets - Total Liabilities = = $12,610 - $10,448 = $2,088

Download xlsx
5 0
3 years ago
Tv show suggestions?
alexandr1967 [171]
Ratched on Netflix is pretty good
4 0
4 years ago
Read 2 more answers
Other questions:
  • Compared to tangible resources, intangible resources are ____ and ____. more visible; less difficult to copy. less visible; less
    9·1 answer
  • You and several friends are stranded on a desert island. the group decides to gather coconuts. being afraid of heights, the grou
    7·2 answers
  • "A businss organization requires both long term and short term capital which can either be on the form of ownership capital and
    8·1 answer
  • A $ 45 comma 000​, threeminus​month, 12​% note payable was issued on December​ 1, 2018. What is the amount of accrued interest o
    15·1 answer
  • If you cause a car accident which type of insurance will require you to pay the least out of pocket
    14·2 answers
  • Debt to equity ratio is
    10·1 answer
  • Robbie veath brings together buyers and sellers of used heavy construction equipment, and helps them negotiate the terms of the
    5·1 answer
  • In TJX's case, the security breach made its customers vulnerable to this.a) Loss of personal propertyb) Inaccurate personal data
    6·1 answer
  • Select the correct answer.
    11·1 answer
  • What situation can lead to excess demand?
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!