Which of the following do you think would lead to an increase in the current demand for beef?

A cement manufacturer has supplied the following data: Tons of cement produced and sold 275,000 Sales revenue$979,000 Variable m

tresset_1 [31]

Answer:

65%

Explanation:

Given that

Sales = $979,000

Variable manufacturing expense = $232,000

Variable selling and administrative expense = $110,650

The computation of contribution margin ratio is shown below:-

Contribution margin ratio = (Sales - Variable manufacturing expense - Variable selling and administrative expense) × 100 ÷ Sales

= ($979,000 - $232,000 - $110,650) × 100 ÷ $979,000

= ($979,000 - $342,650) × 100 ÷ $979,000

= $636,350 × 100 ÷ $979,000

= 65%

3 0

3 years ago

In the language of macroeconomics, investment refers to Select one: a. saving. b. the purchase of new capital. c. the purchase o

N76 [4]

Answer:

The correct answer is letter "B": the purchase of new capital.

Explanation:

In macroeconomics, an investment is a capital that has been acquired with the intention that it will produce income or interest over time. Popular investments include stocks, bonds, real estate, mutual funds and, to a lesser degree, commodities, annuities, and options.

Many investments trade on the open market every day. Global events and company results will cause the price of the investment to rise or fall.

4 0

3 years ago

How does human capital increase throughout a career?

PSYCHO15rus [73]

Human capital increase throughout a career because related jobs develop skills for a specific field of work. Humans can develop skills and gain knowledge through the field of work and improve these skills, if they have the passion to develop it.

8 0

3 years ago

Which of the following represents a competitive intelligence practice that is both legal and ethical? a. A city council member s

taurus [48]

Answer:

The correct answer is letter "C": An executive attends a trade show solely to obtain a competitor's brochures, listen to sales pitches, and ask questions about the competitor's products.

Explanation:

Competitive intelligence refers to the steps companies take to obtain information about their surrounding environment and competitors. If the attempt is to conduct competitive intelligence ethically and legal, top executives in charge should obtain as much information as possible from a legitimate source with the limitations that could imply without compromising the company in business not inherent to its operations.

5 0

3 years ago

Gross billings for merchandise sold by lang company to its customers last year amounted to $11,720,000; sales returns and allowa

Alborosie

Calculation of Net sales last year for Lang Company:

It is given that Gross billings for merchandise sold by Lang Company to its customers last year amounted to $11,720,000; sales returns and allowances were $370,000, sales discounts were $175,000.

Net sales can be calculated using the following formula;

Net Sales = Sales –Sales Returns –Allowances

= $11,720,000-$370,000-$175,000

= $11,175,000

Hence the Net sales last year for Lang Company is $11,175,000

Hence the correct asnwer is c. $11,175,000.

5 0

4 years ago