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3 years ago

File:///C:/Users/DAVIS/Downloads/560bfbbee4b07d4dde92ebf8-airforce2be-1443626318200-aaf2l_project2_wr%20(1).pdf

Business

1 answer:

kodGreya [7K]3 years ago

3 0

JEBBERZ that link isn't even clickable

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Stanley's Bicycles store buys bicycles on average for $600 and sells them on average for $750. He pays a sales commission of 15%

Rudik [331]

Answer:

Stanley's Bicycles contribution margin is $7,500

Explanation:

<u>Stanley's Bicycles Contribution Margin Income Statement for the month of June</u>

Sales ($750 x 200) $150,000

Less Variable Costs :

Costs of Sales ($600 x 200) $120,000

Commissions ( $150,000 x 15 %) $22,500 ($142,500)

Contribution $7,500

Less Fixed Costs

Rent $1,400

Salaries $3,000 ($4,400)

Net Income $3,100

Conclusion

Contribution Margin is Sales less Variable Costs. Therefore, Stanley's Bicycles contribution margin is $7,500

3 0

3 years ago

How much profit is this monopolist earning? You may use this formula when solving the question: Profit = Total Revenue − Total C

WITCHER [35]

Answer: $320

Explanation:

The Profit as the question shows is the Total Revenue less the total cost.

Total Revenue.

This will be the amount of goods sold multiplied by the price they are sold at.

The monopolist maximises output where Marginal Revenue equals Marginal Cost which from the graph is 4 units.

The price they sell at is the intersection of this quantity with the demand curve which is at $120.

Total Revenue = Units Sold * Price

= 4 * 120

= $480

Total Cost

The total cost will be the average cost per unit multiplied by the number of units sold. The relevant average cost is the cost associated with the maximised out of 4 units which according to the graph is $40.

= Average cost * number of units

= 40 * 4

= $160

Profit = 480 - 160

= $320

4 0

3 years ago

Thirty-five members of the Ortiz extended family were spread across three states—Illinois, New York and Florida—and they rarely

Stells [14]

The answer will be 2,500 because u have to calculate which I did.

8 0

3 years ago

Dawn graduated from high school and wants to get a credit card. how can dawn establish credit-worthiness?

yanalaym [24]

By keeping good credit

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3 years ago

Contribution margin is:

ddd [48]

Answer:

Sales less variable production, variable selling, and variable administrative expenses.

Explanation:

On a contribution margin income statement the variable administrative and variable selling are considered as variable cost and used to determinate the contribution margin.

Contribution margin =

sales revenue - total variable cost

the fixed cost are listed below the contriution,

once subtracted from the contribution, the rest is the net income.

8 0

3 years ago