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
belka [17]
3 years ago
13

Forward Company makes and sells power tools. The budgeted sales are $480,000, the budgeted variable costs are $175,000, and the

budgeted fixed costs are $260,000. What is the budgeted percentage contribution margin ratio? (Note: Round your answer to two decimal places.)
Business
1 answer:
den301095 [7]3 years ago
5 0

Answer:

63.54% (Approx)

Explanation:

The computation of the budgeted percentage contribution margin ratio is shown below:-

For computing the contribution margin ratio firstly we need to calculate the contribution margin in dollars

Contribution margin = Sales - Variable cost

= ($480,000 - $175,000)

= $305,000

Contribution margin ratio = Contribution margin ÷ Sales

= ($305,000 ÷ $480,000)

= 63.54% (Approx)

You might be interested in
Grande communications offers a lower price to customers who subscribe to grande television, telephone, and internet services all
Marizza181 [45]

Grande communications offers a lower price to customers who subscribe to Grande television, telephone, and internet services all at once. This is an example of price bundling.

Price bundling is a pricing strategy where companies package separate products together and offer them at a single typically lower price in order for higher sales and profit.

Price bundling is very common these days as it is seen that these days there are various companies who sell two products together at a lower price than the sum of the individual price of each product. Thus, by this they sell two products and make their sales.

Hence, Grande communications offers a lower price to customers whoever subscribes to Grande television, telephone, and internet services all at once.

To learn more about Price bundling here:

brainly.com/question/23175408

#SPJ4

8 0
2 years ago
Q 1.6: Ginni founded Waggstooth Manor Doggie Day Care and, after a year in business, formed a partnership with her husband, Warr
iris [78.8K]

Answer:

Both Ginni and Warren

Explanation:

Both Ginni and Warren, because both partners have unlimited personal liability. In any case of wimhich partner owns a larger percentage of the company, still both of them are equally liabile.

8 0
3 years ago
Pablo gets his dog’s hair cut every month. He pays $10 a cut, once a month. The salon is offering a new sale. The sale offers 1
irinina [24]

Answer:

Yes , Pablo should get the new sale price

Explanation:

Before the new offer, Pablo spends a total of $30 for three months.

( $10 x 3 months).

With the new offer, It will cost Pablo $25 in hair cuts for three months.

The new price is cheaper by $5.

Pablo will save $5 with the new sale price.

7 0
3 years ago
Can people who disagree about normative ethical theory still reach agreement on practical ethical questions in the business worl
Archy [21]

<u>Answer: </u>

Yes, people who disagree about normative ethical theory can still reach an agreement on practical ethical questions in the business world.

<u>Explanation: </u>

  • Most individuals associated with any form of business have their own theories devised of ethical behavior.
  • Even if some people choose to disagree with the normative ethical theory, they cannot ignore the practical ethical questions in the business world.
  • Such people modify their own ways of tackling the problems regarding business ethics which prove effective sometimes and sometimes do not.
5 0
3 years ago
Select all that apply On November 1, 2019, Movers, Inc., paid $24,000 for 2 years' rent beginning on November 1 (assume rent is
Mariana [72]

Answer:

Rent expense of $2,000

Prepaid rent of $22,000

Explanation:

Since we were told that On November 1,2019 Movers Inc., paid the amount of $24,000 for a 2 years' rent which will start or begin on November 1 which means Movers' year-end financial statements as of December 31,2019 will show:

Rent expense of $2,000

Prepaid rent of $22,000

The rent expense of $2,000 is calculated as

(1÷12*$24,000)=$2,000

The prepaid rent of $22,000 is calculated as

$24,000-$2,000

$22,000

8 0
3 years ago
Other questions:
  • In the construction of a new housing development, which factor of production can be categorized as land?
    8·1 answer
  • Which of the following plans, built in the Performance Planner, will assist Ben in achieving his marketing goal of selling exces
    7·1 answer
  • The "TAO" approach to digital marketing analytics stands for.
    8·1 answer
  • Name a common traits of a sole proprietor
    8·1 answer
  • During the introduction stage of a product's life cycle, typical consumers are during the introduction stage of a product's life
    11·1 answer
  • The office manager asks you for advice on how to structure a request letter with numerous questions. What advice would you give?
    8·1 answer
  • The Wealth of Nations was written by __________________________.
    10·1 answer
  • What is the present value of a constant perpetuity of 25 per year where the required rate of return is 5%
    8·1 answer
  • Use the drop-down menus to indicate whether each statement describes a traditional use of computers
    15·1 answer
  • what is the connection, if any, between comparative advantage (ca) and foreign direct investment (fdi)?
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!