The contribution margin is the difference between sales volume and variable costs.
Or to put it another way: the contribution margin is the profits of a company, without considering the fixed costs.
We have then:
MC = $ 120 -60 $ = $ 60
Answer:
the contribution margin per unit is $ 60
Since there is no debt, all the capital that the company raises is in the form of common equity.
Since there is only equity (meaning the firm is a fully equity firm), the weighted average cost of capital (WACC) is nothing but the cost of equity
In this case the WACC represents the cost of equity
Therefore, cost of equity = WACC = 8%
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Explanation:
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The answer is C: $63.54. The credit card will be charged $63.54 in Canadian dollars for 12.00 gallons of gas.
Solution:
Gas is sold per liter in Toronto, Canada for = $1.399
Car needs = 12.00 gallons
12 galloons = 45.4249 liters
Therefore, 45.4249 liters of gas = 45.4249 * 1. 399
= 63.54
Thus, The credit card will be charged $63. 54 for 12.00 gallons of gas.
The official currency of Canada is the Canadian dollar (sign: $; code: CAD; French: dollar canadien). There is no standard disambiguating form; nevertheless, prominent style guides frequently recommend the abbreviation Can$ to distinguish it from other dollar-denominated currencies. It is abbreviated with the dollar sign $. There are 100 pennies in it.
Gas is sold for $1.399 per liter in Toronto, Canada. Your car needs 12.00 gallons. How much will
your credit card be charged in Canadian dollars?
A) $67.15
B) $16.79
C) $63.54
D) $4.44
Learn more about Canadian dollars here:
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