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%
Don’t keep food near cleaning liquids
Don’t spray sanitizer near any food items
(May be wrong, don’t hate)
Answer:
D.
Explanation:
If Stephanie knows that the interest rates are dropping and are expected to continue to do so, she may feel that the ARM is her best option. However, interest rates that go down will always come back up, and most likely surpass the previous high rate. If said rate increases to an amount out of her budget, the adjustable-rate mortgage would be the less attractive method.
Jim&Jenny Inc., an investment service firm, regularly donates to nonprofit organizations for various social causes and events. This scenario illustrates that the company is fulfilling its Corporate social responsibility.
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Explanation:</u></h3>
A policy that an organisation follows through which it involves in some charitable activities or contributes something to the society in fulfilling its social goal refers to corporate social responsibility. It can be considered as an ethical strategy that is followed by an organization. It was also considered as a mandatory practice by many organisation operating at different levels.
In the example given, the organisation named Jim&Jenny Inc denotes to non profit organisation for many social causes and events. Hence this scenario can be considered as a corporate social responsibility of that firm and hence it is fulfilling it.
Answer:
C) $8,000
Explanation:
The budgeted cost of goods sold should include all the estimated or budgeted expenses that the sporting goods company incurs when purchasing their merchandise. In this case, it must include the cost of the beginning inventory + monthly purchases - cost of ending inventory = $3,000 + $7,000 - $2,000 = $8,000. The COGS also shows their expected sales.
