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V125BC [204]
3 years ago
8

Our company sells a product for $150 per unit. Variable costs are $90 per unit and fixed costs are $18,000. The company expects

to sell 800 units this year. What is the contribution margin in total dollars
Business
1 answer:
kodGreya [7K]3 years ago
8 0

Answer:

$48,000

Explanation:

From the question, we are given the following;

Per unit selling price of the product = $150

Variable costs per unit = $90

Fixed costs = $18,000

Expected units to be sold 800

Therefore,

Contribution margin in dollars = Selling price - Variable costs

= ($150 × 800) -($90 × 800)

= $120,000 - $72,000

=$48,000

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7 0
1 year ago
PLZZZZZZ NEED HELP!!!!!!!!
Naya [18.7K]

Third option I would say goodluck

5 0
3 years ago
Which of the following best describes a subsidy​? A. Banks make​ low-interest loans to farmers. B. The government puts a tax of​
diamong [38]

Answer:

C. The government pays farmers​ $100 per ton of wheat produced.

Explanation:

Subsidy is grant/ financial aid given by government to producers of a commodity, to enable its availability in markets at a lower price.

Government paying farmers $100 tone per wheat produced is a subsidy as : It is a financial assistance given by government to reduce wheat's price in markets.

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3 0
3 years ago
What happens if you lose the money you invested in your stock?
saveliy_v [14]
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7 0
3 years ago
On January 1, 2018, an investor company acquired 30% of an investee company’s common stock for $600,000. As a result of this tra
djverab [1.8K]

Answer:

$642,000

Explanation:

the journal entries required to record these transactions under the equity method are:

January 1, 2018, investment in ABC company

Dr Investment in ABC company 600,000

    Cr cash 600,000

December 31, 2018, dividends received from ABC company

Dr Cash 15,000

    Cr Investment in ABC company 15,000

December 31, 2018, ABC company reports net income

Dr Investment in ABC company 36,000

    Cr Investment revenue 36,000

December 31, 2019, dividends received from ABC company

Dr Cash 15,000

    Cr Investment in ABC company 15,000

December 31, 2019, ABC company reports net income

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The balance of the investment in ABC company account = $600,000 + $36,000 + $36,000 - $15,000 - $15,000 = $642,000

3 0
3 years ago
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