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3 years ago

Jensen Company has a contribution margin ratio of 45%. This means that its variable costs are 55% of sales. True False

Business

1 answer:

Sergeeva-Olga [200]3 years ago

5 0

Answer:

Jensen company has a contribution margin ratio of 45%. This means that its variable costs are 55% of sales.

This statement is true

Explanation:

Contribution margin ratio is the ratio of contribution to sales. Since the contribution margin ratio is 45%, it implies that variable costs are 55% of sales.

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Help!!!!! please give an explanation!

Murrr4er [49]

I’m sure that it’s true you nerd

7 0

3 years ago

Gunes Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the fir

Gwar [14]

Answer:

$18.29

Explanation:

Material Conversion

Units transferred to

the next department 7.400 7.400

Ending WIP

Materials 50% 1.900 950

Conversion Cost 35% 1.900 665

Equivalents Units Production 8.350 8.065

Cost of beginning work in process inventory $ 10.600 $ 12.800

Costs added during the period $ 142.100 $ 359.500

TOTAL COST $ 152.700 $ 372.300

Equivalents Units Production 8.350 8.065

Cost per equivalent unit $18,29 $46,16

3 0

3 years ago

When engaged to compile the financial statements of a nonissuer, an accountant should possess a level of knowledge of the entity

NeTakaya

Answer:

C. Stated qualifications of the entity's accounting personnel

Explanation:

According to my research of the steps that are usually taken when compiling the financial statements of a non-issuer, it can be said that the accountant should know the stated qualifications of the entity's accounting personnel. This is because they should know what the qualification are of the accountant that initially made all the financial statements to see if they actually knew what they were doing.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

7 0

3 years ago

RV Company agrees to buy a certain quantity of vintage campers from Sales Inc. Their contract limits consequential damages for l

Aleks [24]

Answer:

consequential damages cover only reasonable foreseeable losses.

Explanation:

The contract limits the resulting loss to lost profits from the use of the goods. The limit is not necessarily unconscious because lost profits are not necessarily significant and can be considered as direct or indirect losses.
the contract may apply to both the lease and the sale and excluding some from the contract simply because it is a commercial loss makes no sense.
so limit is not necessarily unconscionable because consequential damages cover only reasonable foreseeable losses.

4 0

2 years ago

Marty, a 16-year-old, contracted with Cream-of-the-Crop Cycles to buy an $8,000 motorcycle. He agreed to make monthly payments u

stiv31 [10]

Answer:

Marty has ratified the contract and is now bound by the terms.

Explanation:

In the given case as we can see that the Marty was minor and as per the act the eligibility to enter into a contract should be in the age of 18 years or above so here the contract should be voidable but after 3 years he would be 19 years and now he would ratified the contract and now bound with the contract terms

Hence, the above represent the answer

6 0

3 years ago