Answer: Contribution margin is 1,650
Explanation:
Contribution margin is calculated with the Net sales minus de Variable cost.
Considering that the sales price per sandwich is 5.25 and the quantity sold was 600 sandwiches the Net sale amount is 3,150.
To calculate the variable cost you use the variable cost per sandwich and the quantity sold, the total variable cost is 1,500.
The contribution margin resulted in 1,650 (3,150 minus 1,500), with this amount the fixed cost per month could be covered.
Answer:
an arrangement by which a company or the state undertakes to provide a guarantee of compensation for specified loss, damage, illness, or death in return for payment of a specified premium.
"many new borrowers take out insurance against unemployment or sickness"
Answer:
$237
Explanation:
For computing the value of inventory first we have to compute the inventory units which is shown below:
= 5 units + 12 units + 8 units - 12 units
= 13 units
Now the value of inventory is
= 5 units × $17 + 8 units × $19
= $85 + $152
= $237
The 8 units is come from
= 13 units - 5 units
= 8 units
Hence, the value of the inventory is $237
2000 is approximately hours are spent each year
