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3 years ago

A manufacturer of tiling grout has supplied the following data:

Business

1 answer:

Romashka [77]3 years ago

5 0

Answer:

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%

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3 years ago

_______ is considered the marketspace that bring lenders and borrowers together.

nika2105 [10]

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2 years ago

The cost of preferred stock is computed the same as the:

Anna71 [15]

Answer:

d. return on a perpetuity

Explanation:

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3 years ago

Pepper Company reports a $120,000 increase in inventory and a $40,000 increase in accounts payable during the year. Cost of Good

True [87]

Answer:

The cash payments made to suppliers were $1,280,000

Explanation:

Cash Payment made to the supplier can be calculated using the following formula

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3 years ago

On January 1, Whispering Winds Corp. had 62,600 shares of no-par common stock issued and outstanding. The stock has a stated val

Elenna [48]

Answer:

Explanation:

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To Cash A/c $122,838

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3 years ago