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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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When Auditing the i._____________ area on the financial statements sending out confirmations is required, unless the following t
stiv31 [10]

Answer:

The missing answer is Accounts Receivable.

Explanation:

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4 0
2 years ago
Combining a protective put with a forward contract generates equivalent outcomes at expiration to those of a:
Juliette [100K]

Answer:

Fiduciary call.

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Foreign exchange market can be defined as type of market in which the currency of one country is converted into that of another country.

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7 0
3 years ago
A print shop runs a two-station binding line, in which the first station punches holes in the pages and the second station insta
ycow [4]

Answer:

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8 0
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