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Damm [24]
3 years ago
8

Variable Cost Ratio, Contribution Margin Ratio

Business
1 answer:
xenn [34]3 years ago
4 0

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Head-First Company plans to sell 5,000 bicycle helmets at $75 each in the coming year. The unit variable cost is $45. Fixed factory overhead is $20,000 and fixed selling and administrative expense is $29,500.

To calculate the variable cost ratio, we need to use the following formula:

Variable cost ratio= unitary variable cost / selling price

Variable cost ratio= 45/75= 0.6

The contribution margin rate is the difference between the contribution margin and the selling price:

CM ratio= Contribution margin / selling price

CM ratio= (75 - 45)/ 75= 0.4

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Answer:

Fresno

Explanation:

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There are different types of contract in business and these includes: fixed-price contract, cost-plus contract, bilateral contract, implies contract, unilateral contract, adhesion contract, unconscionable contract, option contract, express contract, executory contract, etc.

The uniform commercial code (UCC) is a set of standardized business laws which are put in place for the regulation of financial contracts and commercial transactions used across different states in the United States of America. There are special rules known as the special business standards that are set up by UCC governing merchants and the sales of goods in Article 2 of the Uniform Commercial Code.

Under Article 2 of the Uniform Commercial Code, a shipment contract between two parties (buyer and seller) states that a buyer bears the risk of loss and is typically responsible for the costs of goods in the event of any damage or loss incurred during transportation and prior to receiving the goods.

In this scenario, the transaction is a nonshipment contract and the place for delivery is not specified in the agreement.

However, on the basis of the facts that both parties are aware that the 50 cases of packaged macaroni are in a warehouse in Fresno, the place for delivery is Fresno.

8 0
3 years ago
U.S. publisher Robert de Graff copied the success of similar books in England when he founded ________ in 1939. This company pro
Kitty [74]

Answer:

Pocket books

Explanation:

Pocketbooks were founded in 1939 and revolutionised the whole publishing industry. The idea was to produce easy to carry books with inexpensive paperback reissues. The idea became an instant success and per book cost was almost 25cent. Following the success of US publisher Robert de Graff many other publishing companies across England started to manufacture pocketbooks.

3 0
2 years ago
Which of the following could be included in the performance indicator measure provided by a nongovernmental not-for-profit hospi
ioda

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b

Explanation:

7 0
3 years ago
Myrna and Geoffrey filed a joint tax return in 2015. Their AGI was $85,000, and itemized deductions were $13,700, which included
GalinKa [24]

Answer:

The amount of these state income tax refund is included in gross income in 2016 is $1,100

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The computation of the income tax refund is shown below:

= Itemized deductions - standard deduction

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= $1,100

Since we have to find out the refund amount which would be included in the gross income so we consider the amount of the deductions which is given in the question. The other information which is given in the question is not relevant. Hence, ignored it

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4 0
3 years ago
Olinick Corporation is considering a project that would require an investment of $313,000 and would last for 8 years. The increm
Bess [88]

Based on the calculation below, the payback period of the project is closest to<u> 2.1 years</u>.

<h3>How to calculate payback period?</h3>

The payback period of the project can be calculated as follows:

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Learn more about the payback period here: brainly.com/question/13978071.

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8 0
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