1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
PtichkaEL [24]
3 years ago
10

A manufacturer of tiling grout has supplied the following data:

Business
1 answer:
Romashka [77]3 years ago
5 0

Answer:

(C) 30.9%

Explanation:

Calculation for the company's contribution margin ratio

First step is to find the Contribution margin using this formula

Contribution margin = Sales - Variable expenses

Let plug in the formula

Contribution margin = $1,910,000-$1,319,000

Contribution margin = $591,000

Second step is to calculate for the Contribution margin ratio using this formula

Contribution margin ratio= Contribution margin ÷ Sales

Let plug in the formula

Contribution margin ratio = $591,000 ÷ $1,910,000

Contribution margin ratio = 0.309×100

Contribution margin ratio=30.9%

Calculation for Total Variable expenses

Variable manufacturing expense $956,000

Variable selling and administrative expense $363,000

Total $1,319,000

Therefore the Contribution margin ratio will be 30.9%

You might be interested in
Net Purchases + Purchases Returns and Allowances + Purchase Discounts equals:
allochka39001 [22]

Answer:

OB. Gross Purchases.

Explanation:

Gross purchases represent all the purchases a business made in a particular period. It includes returns outwards ( purchases returns),  discounts and allowances received.

Net purchases are calculated by subtracting purchase returns, discounts received, and allowances from gross purchases.

Therefore, Net Purchases + Purchases Returns and Allowances + Purchase Discounts= gross purchases.

4 0
3 years ago
Westsyde Tool Company is expected to pay a dividend of $1.50 in the upcoming year. The risk-free rate of return is 6%, and the e
lawyer [7]

Answer:

Return on company's stock = 15.6%

Explanation:

<u><em>The capital asset pricing model (CAPM)</em></u><em> relates the price of a share to the market risk or systematic risk. The systematic risk is that which affects all the all the economic agents, e.g inflation, interest rate e.t.c</em>

Using the CAPM , the expected return on a asset is given as follows:

E(r)= Rf +β(Rm-Rf)

E(r) =? , Rf- 6%, Rm- 14%, β- 1.2

E(r)  = 6% + 1.2× (14- 6)%

        = 6%  + 9.6%

         = 15.6%

Return on company's stock = 15.6%

7 0
3 years ago
You have been asked to create a code of ethics for the staff of a school paper to follow. Create a list of 10 rules based on the
Daniel [21]
Thank you for coming to Brainly with your questions :)

Here's my answer:

1. No hurtful gossip.
2. Stay professional.
3. Do not publish anything untruthful.
4. Work together as a team.
5. Meet all deadlines on time. 
6. Be accountable.
7. Avoid stereotyping, including race, ethnic, gender, sexuality, etc.
8. Be careful when it comes to what is published.
9. Do not publish anything that is misleading.
10. Support others views besides their own.


I hope this helps you. Please mark Brainliest :) Lemme know if I can do anything else to help you.

-Belle
7 0
3 years ago
6 factors of production pasta
noname [10]

The four categories of factors of production are land, labor, capital and entrepreneurship.  So, things that fall into these four categories that involve the production of pasta include the factory, the skills of the workers, the machines used to produce it, the ingredients used to produce it and the entrepreneurship and investment of the business owner.

4 0
3 years ago
Cash dividends of $83,126 were declared during the year. Cash dividends payable were $9,151 at the beginning of the year and $15
morpeh [17]

Answer:

option (b) $76,642

Explanation:

Data provided in the question:

Cash dividends declared = $83,126

Cash dividends payable at the beginning of the year = $9,151

Cash dividends payable at the end of the year = $15,635

Now,

Cash payment of dividends

= Cash dividends declared + Beginning cash dividends payable - Ending cash dividends payable

= $83,126 + $9,151 - $15,635

= $76,642

Hence,

the answer is option (b) $76,642

7 0
3 years ago
Other questions:
  • ______ are the assets, capabilities, processes, information, and knowledge that an organization uses to improve its effectivenes
    8·1 answer
  • Unlike a product advertisement, an institutional advertisement may have __________ as an objective? select one:
    14·1 answer
  • What has been the impact of declining harvests and years of drought on african subsistence farmers?
    13·1 answer
  • Market failure associated with public goods Deborah was willing to contribute $40 this year to her local college radio station.
    7·1 answer
  • Which of the following is FALSE? Group of answer choices Most of the maquiladora industry is located in the states of Mexico tha
    5·1 answer
  • Tambe Electric Inc. entered into a written agreement with Home Depot to provide copper wire to Tambe at a price set forth in the
    9·1 answer
  • A revenue account is increased by debits. is decreased by credits. has a normal balance of a debit. is increased by credits.
    15·1 answer
  • Based on your learning of value chain, business strategy and product / market combinations do you share Dawar’s arguments that m
    7·1 answer
  • A farmer in Germany can use his land to produce corn or wheat. Suppose he can produce 1 million bushels of corn if it devotes al
    13·1 answer
  • the cyclically adjusted budget deficit in an economy is zero. if this economy goes into recession, then the actual government bu
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!