Answer:
The contribution margin ratio is closest to 40%
Explanation:
The contribution margin ratio calculates the percentage of sales that will contribute to cover fixed costs and earn a profit. The contribution margin is the difference between the selling price per unit and the variable cost per unit of a product. The contribution margin ratio is the contribution margin per unit represented as a percentage of selling price per unit or total contribution margin represented as a percentage of total sales revenue.
CM Ratio = Total contribution margin / Total Sales revenue
CM ratio = 72000 / 180000 = 0.4 or 40%
He needs to add %4 more apple juice because %12 - %8 = %4
Answer:
the probability that it was started by a man is 69%
Explanation:
65% companies were started by men
24% of 65% had revenues above $100,000
24% x 65% = 15.6% of the total number of companies started last year had revenues of more than $100,000 and were started by men.
35% companies were started by women
20% of 35% had revenue above $100,000
20% x 35% = 7% of the total number of companies started last year had revenues of more than 100% and were started by women.
total percentage of companies that had revenues above $100,000 = 7% + 15.6% = 22.6%
15.6/22.6 = 69% started by men
7/22.6 = 31% started by women
Answer:
c. a difference in the subject matters of operas X and Y
Explanation:
All factors could directly explain the fact that opera Y generated far greater net profits that did opera X except for this one. Although the subject matter might have some impact on sales, it could not do so in a direct way. It could only do so if we take other factors into account, such as the cost of producing a particular opera or the interest that people have on an opera (which results in greater or lesser ticket sales).
