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
erastova [34]
3 years ago
10

LO 3.1A company’s product sells for $150 and has variable costs of $60 associated with the product. What is its contribution m

argin per unit?
$40
$60
$90
$150
Business
1 answer:
Pavel [41]3 years ago
3 0

Answer:

$90

Explanation:

The formula and the computation of the contribution margin per unit are presented below:

Contribution margin per unit = Selling price per unit - variable cost per unit

                                               = $150 - $60

                                               = $90

If we deduct the variable cost per unit from the selling price per unit, then the contribution margin per unit can arrive

We only considered the selling price and the variable cost per unit

You might be interested in
Food For Less (FFL), a grocery store, is considering offering one hour photo developing in their store. The firm expects that sa
Sunny_sXe [5.5K]

Answer:

a. and. d

Explanation:

gryyrgrghehrhrhrhhrhrhrhhrjr

8 0
2 years ago
Read 2 more answers
Lindley Corp.'s stock price at the end of last year was $33.50, and its book value per share was $25.00. What was its market/boo
tino4ka555 [31]

Answer:

C. 1.34

Explanation:

Lindley Corp.'s stock price at the end of last year was $33.50, and its book value per share was $25.00. What was its market/book ratio?

To calculate the ratio:

stock price at the end of last year was $33.50 divided by value per share of $25.00

= 33.50/25.0

= 1.34

6 0
3 years ago
The following errors took place in journalizing and posting transactions:
yuradex [85]

Answer:

<u>Journal 1</u>

Debit : Prepaid Expense $37,600

Credit : Cash $18,800

Credit : Insurance Expense $18,800

<u>Journal 2</u>

Debit : Dividends $18,000

Credit : Wages $18,000

Explanation:

Journal 1

The first error has to be corrected by debiting the Prepaid Expenses by twice the amount paid to cancel the effect of a credit entry made to that account. Cash is credited to show the correct credit entry that was supposed to be made. Insurance expense is credited to cancel the debit entry made to this account in error.

Journal 2

The error made is called error of principle. This is were the transaction is recorded in the wrong class of accounts. Simply, Debit the Dividends and credit the Wages Account to record and reverse the error out of the Wages Account into the Dividends Account.

6 0
2 years ago
A limited liability company that has two or more members can be taxed as a corporation.
Novosadov [1.4K]

It's true a limited liability company that has two or more members can be taxed as a corporation.

Option A) is true.

If you form a multiple-member LLC and do not file a special form with the IRS, the LLC will be taxed as if it were a partnership. You may elect to be treated as an S Corporation by filing IRS Form 2553, Election by a Small Business Corporation.

A multi-member limited liability company is treated as a pass-through entity for federal income tax purposes. As with a sole proprietorship GmbH, this means that the GmbH does not pay its own taxes. Instead, each member pays taxes on the company's income in proportion to their interest in the LLC.

Learn more about limited liability company at

brainly.com/question/13304738

#SPJ4

3 0
1 year ago
Importers' bank usually issues a ________ to importers in international transactions.
Nezavi [6.7K]
<span>Importers' bank usually issues a letter of credit to importers in international transactions.

A letter of credit is issued by a bank, most common from another country, to guarantee the payment to be made under agreeable circumstances. This is a way to ensure and product the two people doing business that one will get the items and one will be paid for them. </span>
8 0
3 years ago
Other questions:
  • The ability for a manager to think in abstract terms while envisioning the "big picture" falls into the category of _____, deeme
    6·1 answer
  • What do you see as the major deficiencies current information systems budgeting and prioritization processes are run
    13·1 answer
  • Apple, the consumer electronics giant, on tuesday rolled out new versions of its popular ipod music player. ceo steve jobs also
    6·1 answer
  • In the context of skills of successful managers, making sacrifices to encourage and promote desired outcomes in an organization
    7·1 answer
  • Which of the following best explains what happens to the exchange rate of a
    11·1 answer
  • Sunland Company manufactures a line of lightweight running shoes. CEO Mark Sunland estimated that the company would incur $3,379
    6·1 answer
  • <img src="https://tex.z-dn.net/?f=%5Cmathbb%5Cpink%7Bwhat%5C%3Ais%5C%3Aescape%3F%5C%3ADefine%5C%3Ain%5C%3Asimple%5C%3Awords%7D"
    11·1 answer
  • The marginal revenue product schedule is: * 1 point A) the same whether the firm is selling in a purely competitive or imperfect
    11·1 answer
  • Angie and Brad form Cats Are Us, Inc. Angie contributes $120,000 cash for 60% of the stock. Brad contributes an asset with an FM
    9·1 answer
  • What does the Internet hostname after the period in the URL describe?
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!