Answer:
50%
Explanation:
The formula and the computation of the contribution margin ratio is shown below:
Contribution margin ratio = (Contribution margin per unit) ÷ (selling price per unit) × 100
where,
Contribution margin per unit = Selling price per unit - Variable expense per unit
= $40 per unit - $20 per unit
= $20 per unit
So, the CM ratio is
= ($20 per unit) ÷ ($40 per unit) × 100
= 50%
Answer:
The firm paid taxes of $0.5 million
Explanation:
Profit margin is the percentage of net income to its sales. It is calculated as follow:
Profit Margin = ( Net profit / Sales ) x 100
20% = (Net profit / 5 million) x 100
(20/100) x 5 million = Net profit
Net profit = 1 million
EBIT is the earning before the payment of interest expense and tax. It is the net of Gross profit and operating expenses.
net income is calculates from EBIT as follow
Net Income = EBIT - Interest expense - Tax
1 = 1.5 - $0 - Tax (ignoring the effect of financing)
Tax = $1.5 - $1
Tax = $0.5 million
Answer:
Succession management
Explanation:
Succession management can be described as a process of identifying and training new individuals that will take on the role of new leaders. This is done inorder to replace the old leaders in the organisation when they eventually leave the company or retire.
Succession management is very essential because it helps to identify individuals that possess the right skills, experience and capabilities that is needed to move the organization to a higher level.
Succession management is very vital to ensure the continued success of the organization.
Answer: The recommended way to add the client to QuickBook Online is to go to QuickBook Accountant . The process is easy and there is a tutorial online. You will go to the Quickbooks Online Accountant page and at the top right hand corner there is a button to add a new customer or you can use the plus sign at the top middle off the page. The information will need to be manually put in.
