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Answer: Plain should be sold as it makes higher Contribution margin.
Explanation:
Contribution Margin of Plain:
= Total hours constraint / Number of hours required for Plain * Contribution margin per unit
= 2,400 / 2 * 82
= $98,400
Contribution Margin of Fancy:
= 2,400 / 3 * 99
= $79,200
<em>Plain makes more profit than Fancy and so should be the one sold. </em>
Answer:
The required return is 7.32%
Explanation:
In order to calculate the required return we would have to calculate the following formula:
Required return= annual dividend/current price
According to the given we have the following:
annual dividend=$5.90 dividend
current price
=$80.55 per share
Therefore, Required return=$5.90/$80.55
Required return=7.32%
The required return is 7.32%
Solution: 75 pounds of the earl grey tea and 25 pounds of the orange pekoe tea.
Method:
Let x = number of pounds of the earl grey tea
$5x + $3(100lbs - x) = $4.50 * 100lbs
5x + 300 - 3x = 450
2x = 150
x = 75
Number of pounds of the orange pekoe tea = 100 - 75 = 25
Answer:
Explanation:
Every contact you meet should lead you to new contacts. That's why it's called networking – just like a net, every connection leads off in two or more directions. Your contacts fall into two groups: those who you immediately know might be able to help you, and those who you don't see any point in talking to.