Contribution margin is the difference between the selling price and the variable cost. Contribution Margin Ratio is the ratio of contribution per unit divided by the selling price per unit.
So at $70 per unit of sales, the contribution per unit is
Contribution Margin = Selling Price - Variable Cost
Contribution Margin = $70 - ($70 × 40%)
Contribution Margin = $70 - $28
Contribution Margin = $42 per unit
Contribution Margin Ratio = Contribution Margin ÷ Sales Price per unit
Contribution Margin Ratio = $42 ÷ $70
Contribution Margin Ratio = 60%
Hence the Contribution Margin Ratio is 60%.
<h2>♨ANSWER♥</h2>
Material violations that are grounds for damages include, but are not limited to, improper disclosure of amount financed, finance charge, payment schedule, total of payments, annual percentage rate, and security interest disclosures
<u>☆</u><u>.</u><u>.</u><u>.</u><u>hope this helps</u><u>.</u><u>.</u><u>.</u><u>☆</u>
_♡_<em>mashi</em>_♡_
<em><u>Loan L</u></em> would be best for Craig that has a nominal rate of 8.254% that is compounded daily a sit gives an<u> effective rate of interest</u> as 117.95.
The formula for <u>computing compounded rate</u> of interest is given as follows:
The effective rate of interest for loan L as per the above formula would be:
The effective rate for loan M would be:
The effective rate for loan N would be:
The effective rate for loan O would be:
Learn more about the effective rate of interest here:
brainly.com/question/1398822
Answer:
C) Expense $23,000 for 2018.
Explanation:
Iris owns and operates TV rental outlets, so all the expenses she makes while investigating possible purchases of related businesses (other TV rental outlets) can be deducted from her income. This deductions can be made regardless of whether Iris ended up purchasing the new stores or not.
<span>The proportion of the time he runs barefooted is 1/(k+1) if he owns a total of k pairs of shoes. This is because a transition matrix shows the probabilities using Markov chains and these chains gives us the proportion.</span>