Answer:
D. 76.6 %
Explanation:
Contribution Margin Ratio = Contribution / Sales × 100
<em>First Calculate the Contribution</em>
Contribution = Sales - Variable Costs
= (60,000 units × $ 12.40) - ($110,000+$30,000+$34,000)
= $744,000 - $174,000
= $570,000
<em>Then Calculate Contribution Margin Ratio</em>
Contribution Margin Ratio = $570,000 / $744,000 × 100
= 76.61290
= 76.6 % ( 1 decimal)
Purpose of a bank reconciliation statement.
A bank reconciliation statement is used to compare your record to those of your bank to see if there is difference between the two sets of records. The ending balance of your version of cash records is known as the book balance while the bank`s version is known as bank balance. It is common for there to be a difference in the two balances. The results to the differences might be due to overdrawn bank account, bounced checks and overdraft fees. It is important for you to check the difference because there might be substantial variance between the amount you think you have and that the bank thinks you have. In some cases the bank may even elect to close down your account.
Answer:
1. Neither ; 2. Consumer Surplus ; 3. Producer Surplus
Explanation:
Consumer Surplus is the difference between a good's price paid by consumer, & maximum price the consumer is willing to pay for the good.
Producer Surplus is the difference between a good's price received by a seller, & minimum price at which the seller is willing to sell the good.
1. Willing to pay $209 for watch, buyer willing to sell at $196, no trade as price ceiling at $190 : It illustrates neither concept as transaction has not actually occurred, so no price established.
2. Willing to pay $39 for sweater, purchased it for $32 : It illustrates 'Consumer Surplus' case = $7 , as it shows difference between maximum willingness to pay by buyer ($39) & the actual buy price ($32)
3. Willing to sell laptop at $190, sold it at $199 : It illustrates 'Producer Surplus' case = $9 , as it shows difference between minimum willingness to sell price ($190) & actual sale price ($199)
Answer: In-depth interview.
Explanation:
Nadira engaged the buyers at the mall in in-depth interview to gather information on the buyers behavior. An in-depth interview is a form of information gathering that involves, a one-on-one interaction between two people, where one person ask some set of questions and the other person offers sincere answers to questions asked.
Answer:
Tt is highly productive in reducing the costs to produce a product.
it is highly productive in producing a highly valued commodity.
Explanation:
A product has derived demand If its demand is dependent on the demand for other products.
For example, there would be no need to demand for labour if no one demands for goods.
The derived demand for a good will increase if it reduces the price of the product and if it is important in the production of a good
