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Kamila [148]
3 years ago
15

Abby Cleaning Service had the following information for the 200 customers served this month: Sales Revenue $20,000 Variable Cost

s 8,000 What is the contribution margin ratio?
Business
1 answer:
mixer [17]3 years ago
6 0

Answer:

= 60%

Explanation:

Contribution ratio represents the marginal benefits of producing an extra unit. It is calculated by the formula.

CM ration= Contribution margin/ sales revenue

Contribution margin = sales - varible costs

therefore contribution margin ratio= sales -revenue/ sales x 100

=$20,000 - $ 8000/ 20,000 x 100

= 12000/20000 x 100

=0.6 x 100

= 60%

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Furkat [3]

Answer:

name, title, salary, and dates of employment. 

Explanation:

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5 0
3 years ago
Tony’s Market recorded the following events involving a recent purchase of inventory: Received goods for $80,000, terms 2/10, n/
kap26 [50]

Answer:

Correct option is D

Answer is increased by $ 77232

Explanation:

Effect on Inventory:    

Increase due to purchase $80000  

Decrease due to return   -$1600  

Increase for freight paid  $400  

Decrease for discouont availed -$1568 (78400*2%)

<u>Net Increase in Inventor =$77,232</u>

4 0
3 years ago
A bank can offer which of the following
konstantin123 [22]

Answer:

Checking Account, Savings Account, Safety Deposit Box

Explanation:

Banks are financial institutions that provide a wide variety of financial services to their customers. They accept customer deposits and issue loans. Commercial banks act as intermediaries between the supply side and demand side of credit.

Commercial banks are also known as deposit-taking institutions. Deposits facilities offered by banks include

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8 0
3 years ago
"You are in the middle of a discussion with an institutional client over the phone, where you recommend that the client buy 100,
docker41 [41]

Answer:

The colleague has committed a violation because your customer's order could move the price of ABC stock

Explanation:

Front running is also called tailgating. It is a prohibited practice where a trader enters into a position security based on non-public information about a large trade that will influence the price of the security.

The trade is initiated to take advantage of the new price that the large trade will cause. The position is entered before the large trade occurs.

In this scenario your neighbour heard you telling your client to but 100,000 share of ABC. Because the transaction will influence the market he also tells his client to buy 10,000.

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3 0
3 years ago
joseph is eligible for a non taxable life insurance benefit with an annual premium of $400 paid entirely by his employer. Assumi
aleksklad [387]

Based on the fact that the non-taxable life insurance benefit is $400, the amount that Joseph would have to earn is $555.56.

<h3>How much should Joseph earn?</h3>

This can be found as:

= Non-taxable benefit amount / (1 - tax bracket rate)

Solving gives:

= 400 / (1 - 28%)

= 400 / 0.72

= $555.56

Find out more on non-taxable benefits at brainly.com/question/1581158.

#SPJ1

4 0
2 years ago
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