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Andru [333]
3 years ago
7

Accents Associates sells only one product, with a current selling price of $150 per unit. Variable costs are 30% of this selling

price, and fixed costs are $19,600 per month. Management has decided to reduce the selling price to $145 per unit in an effort to increase sales. Assume that the cost of the product and fixed operating expenses are not changed by this reduction in selling price. At the current selling price of $150 per unit, the contribution margin ratio is:
History
1 answer:
koban [17]3 years ago
7 0

Answer:

0.7

Explanation:

Given the following :

Current sales price per unit = $150

Variable cost per unit = 30% of sales price

30% of sales price

0.3 × $150 = $45

Contribution margin ratio :

Contribution margin ratio = (sales price per unit - variable cost per unit) / sales price per unit

Contribution margin ratio:

$(150 - 45) / $150

$105 / $150 = 0.7

= 70%

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During the era of segregation:

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Several protests followed and there was such resistance from the White inhabitants that the KKK engaged in violent acts. Federal acts such as the Civil Rights Act of 1964 and actions of the Supreme Court eventually forced segregation to end in the town.

In conclusion, most African Americans in Hattiesburg stayed in Palmers Crossing during segregation.

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