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
PilotLPTM [1.2K]
4 years ago
8

Perfect Clean, Inc. provides housekeeping services. The following financial data have been provided.

Business
1 answer:
ioda4 years ago
7 0

Answer:

A) $38,650; 48.31%

Explanation:

The computation of the contribution margin and the contribution margin ratio is shown below:

Contribution margin = Service Revenue - Cleaning Supplies Used - wages expense

= $80,000 - $22,000 - $19,350

= $38,650

The variable cost is Cleaning Supplies Used + wages expense

And, the contribution margin ratio equals to

= (Contribution margin ÷ sales) × 100

= ($38,650 ÷ $80,000)  × 100

= 48.31%

You might be interested in
Taggart Inc.'s stock has a 50% chance of producing a 25% return, a 30% chance of producing a 10% return, and a 20% chance of pro
Leto [7]

Answer:

The firm's expected rate of return is 9.9%

Explanation:

Please see attachment .

8 0
3 years ago
The degree of risk is associated with the probability or magnitude of loss.
pochemuha

The degree of risk is associated with the probability or magnitude of loss. The given statement is true.

The area of mathematics known as probability deals with numerical representations of the likelihood that an event will occur or that a statement is true. An event's probability is a number between 0 and 1, where, roughly speaking, 0 denotes the event's impossibility and 1 denotes certainty.

Simply put, probability is the likelihood that something will occur. When we don't know how an event will turn out, we can discuss the likelihood or likelihood of several outcomes. Statistics is the study of events that follow a probability distribution.

Learn more about probability here

brainly.com/question/24756209

#SPJ4

4 0
1 year ago
A budget is:____.
Taya2010 [7]

Answer:

b

Explanation:

a plan for spending and earning money

4 0
3 years ago
Read 2 more answers
When small changes in price lead to infinite changes in quantity demanded, demand is perfectly
aleksley [76]

Answer:

correct answer is Option D

Explanation:

Option D - elastic, and the demand curve will be horizontal.

The quantity would be changed infinitely with a samll change in the the price. It means that demand is perfectly elastic and the curve is horizontal as the small change up decreases the quantity to zero and small change down increases the quantity infinity. Thus, option D is the correct ams of this questionwer

6 0
3 years ago
Which group is most likely to utilize a tax advantages instrument such as an ira?
inysia [295]
The small investor is the group that are able to day trade and most likely able to invest across different industries. They also utilize a tax advantages instrument such as IRA. This also a group that would face less red tape.



7 0
3 years ago
Other questions:
  • 1. The "four Ms" of cause-and-effect diagrams are:______.
    13·1 answer
  • g On July 1, Shady Creek Resort borrowed $320,000 cash by signing a 10-year, 11.5% installment note requiring equal payments eac
    9·1 answer
  • How do the taxes that are levied on goods and services affect market prices and​ quantities?
    12·1 answer
  • Which career would organize,train and support teachers and educational workers to help them provide better instruction?
    9·1 answer
  • What is at saturated market like for sellers?
    13·1 answer
  • John is considering a purchase of a new Toyota that costs $20,000 at a local dealership. John estimates the annual cost of maint
    13·1 answer
  • Anton believes his company's overhead costs are driven (affected) by the number of machine hours because the production process
    15·1 answer
  • Co. is considering acquiring a manufacturing plant. The purchase price is $ 1 comma 100 comma 000. The owners believe the plant
    15·1 answer
  • Elinore is asked to invest $ 4 comma 900 in a​ friend's business with the promise that the friend will repay $ 5 comma 390 in on
    13·1 answer
  • What is your ownership in a stock represented by
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!