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belka [17]
2 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]2 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)

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olya-2409 [2.1K]

Answer:

To make a career decision you need to focus on four really important things.

1. You should know what interests you and what do you want to keep on pursuing in the future.

2. Evaluate your skills that are you even capable of doing that work that interests you or are you suitable for some other work.

3. Work attitudes, meaning that do you really have the attitude for the work?

4. Training and Education, this means that are you qualified enough for that specific work.

Explanation:hope it helps

7 0
3 years ago
What factor is usually agreed upon prior to the submission of a purchase order?
tester [92]

Answer:

number of products to be purchased

Explanation:

A purchase order is prepared by a customer and addressed to a trader.  The document instructs the trader to supply the customer with the goods stated in the purchase order document.

Before a customer writes the purchase order, an agreement is made on the quantity to be ordered. The trader has to confirm that they have the required quantity in the stores, or it will be availed within a reasonable time.

The price is agreed at the quotation stage. The customer first sends an inquiry, which the customer responds to with a quotation.

4 0
2 years ago
Oldhust Corp., an electronics company in the country of Bigmount, bought Specden Corp., an electronics company in the country of
uysha [10]

Answer: Direct foreign investment

Explanation:

The direct foreign investment is one of the investment process that helps in controlling the business ownership and in this the investment is basically create by one organization in some other country or location.

The economic development and the easy international trading are the main benefit of the direct foreign investment.

 According to the given scenario, the Oldhust corporation is one of the electronic company that basically bought the other electronic firm in the other country and this example is refers as the direct foreign investment.

 Therefore, Direct foreign investment is the correct answer.

8 0
3 years ago
paul was a district manager in san francisco. when a district manager position opened up in boston, he was approached about taki
mylen [45]
*internal recruitment

Internal recruiting is the process of hiring someone from your existing workforce for a new or vacant position
6 0
1 year ago
Childress Company produces three products, K1, S5, and G9. Each product uses the same type of direct material. K1 uses 4.2 pound
Eduardwww [97]

Answer and Explanation:

The computation of the contribution margin per pound for each of the three products is shown below:

As we know that

Selling price per pound - Variable cost per pound = Contribution margin

For Product K1

= $155.8 - $91

= $64.8

For Product S5

= $108.92 - $90

= $18.92

For Product G9

=$205.55 - $136

= $69.55

Now the contribution margin per pound is  

For Product K1 = Contribution margin ÷ Pound  

                       = 64.8 ÷ 4.2  

                       = 15.43 per pound

For Product S5 =  Contribution margin ÷ Pound  

                        = 18.92 ÷ 4.1  

                        = 4.61 per pound

For Product G9 = Contribution margin ÷ Pound

                          = 69.55 ÷ 5.3

                          = 13.22 per pound

6 0
2 years ago
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