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Leto [7]
3 years ago
8

Dairy Days Ice Cream sells ice cream cones for​ $5 per customer. Variable costs are​ $2 per cone. Fixed costs are​ $2100 per mon

th. What is Dairy​ Days' contribution margin​ ratio?
Business
1 answer:
qwelly [4]3 years ago
4 0

Answer:

0.6 or 60%

Explanation:

The contribution margin ratio is calculated by the formula below.

Contribution margin ratio = <u>contribution margin</u>

     sales revenue

= For Dairy D's

Contribution margin per unit = sales - variable expenses

=$5-$2

= $3 per unit

Contribution margin = <u>Contribution  margin per unit</u>

    sale price per unit

   =3/5

   =0.6 or 60%

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Director

Explanation:

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Answer:

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Today, you sold 540 shares of stock and realized a total return of 6.3 percent. You purchased the shares one year ago at a price
GuDViN [60]

Answer:

B. 5.40 percent

Explanation:

Let today's price per share be $X

Total return = [ (New value + Dividend - Old value) / Old price ] *100

Old value = $24 *540 = $12,960

Next, plug in the numbers to the formula;

0.063 = [ (540X + 117  - 12,960)/ 12,960 ]

0.063 = [\frac{540X-12,843}{12,960} ]

multiply both sides by 12,960;

0.063 *12,960 = 540X - 12,843

816.48 = 540X - 12,843

Add 12,843 from both sides and solve for X;

816.48 + 12,843 = 540X

13,659.48 = 540X

Divide both sides by 540;

13,659.48/ 540 = X

X = 25.295

Therefore, today's price per share = $25.30

Capital gains yield= (Today's price - Original price) /Original price

Capital gains yield = (25.295 -24) / 24

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Therefore, Capital gains yield is 5.40%

3 0
3 years ago
"Pinkmake Inc. is expanding its global operations into Jartainia in spite of the frequent changes in its government due to the a
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... it must deal with criminal aspects, dangerous situation and violence in general.

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Point Company paid $4,000 cash to purchase a new machine. The company also paid $500 cash for an initial training cost that was
spin [16.1K]

Answer:

Dr Machinery $4500

Cr Cash                      $4500

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The reason is that the Internation Accounting Standard IAS 16 Property, Plant & Equipment says that the company must capitalized all those costs that are necessary to make the asset ready to use which means that the cost of training which is $500 and purchasing cost which is $4000 must be capitalized as part of the asset.

So the entry would be:

Dr Machinery $4500

Cr Cash                      $4500

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3 years ago
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