Answer:
$2.73
Explanation:
Contribution margin:
Red = Unit Contribution margin × Sales Mix
= $ 2.90 × 2,100
= $6,090
Black = Unit Contribution margin × Sales Mix
= $ 3.00 × 700
= $2,100
Total contribution margin = Red + Black
= $6,090 + $2,100
= $8,190
Total sales mix = 2,100 + 700
= 3,000
Weighted CM:
= Total Contribution Margin ÷ Sales Mix
= $8,190 ÷ 3,000
= $2.73
<span>A short-term mortgage in which small payments are made until the completion of the term, when the entire balance is due, is BALLOON MORTGAGE.
Balloon mortgage is a type of loan that needs to be paid in a lump sum or is repaid at the end of the loan period, in a single payment. Depending on the agreement between the borrower and the lender, this type of payment may be interest free. Interest may apply but is usually smaller than long-term loans.
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<span>This is a negative externality. Since the cost of the traffic being in the community is not being borne by the theatre company itself, it is negative. The community as a whole is having to pay for the extra $5 in costs that will be accrued as a result of selling each ticket.</span>
Answer:
When using dollar-value LIFO, the ending inventory at current year cost must first be converted to base year cost. The 12/31/Y2 inventory at base year cost is given as $60,000. Since the 12/31/Y1 inventory at base year cost was $45,000 ($40,000 base layer and $5,000 year 1 layer), a new layer of $15,000 was added in year 2 ($60,000 − $45,000). This layer must be restated using the year 2 price index. The year 2 price index is computed using the double-extension technique, as illustrated below.
