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Leviafan [203]
3 years ago
11

The Sand Cruiser is a takeout food store at a popular beachside resort. Teresa Texton, owner of the Sand Cruiser, was deciding h

ow much refrigerator space to devote to four different beverages. Appropriate data on the four beverages follow:Limeade Lemonade Ginger Ale Grape JuiceSales price per case $22.10 $21.00 $22.10 $46.30Variable cost per case 15.90 18.10 15.90 35.50Cases sold per foot of shelf space per day 28 22 6 4The contribution per foot of shelf space per day for Limeade is:
Business
1 answer:
Vanyuwa [196]3 years ago
5 0

Answer: $6.2

Explanation: Contribution margin is the amount of revenue left after paying for the variable cost, it can be formulated as follows :-

contribution =  sales - variable cost

In case of Limeade:-

sale price = $22.10

Variable cost = $15.90

so, putting the values into equation we get :-

contribution per foot = $22.10 - $15.9 = $6.2

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Prepare traditional and contribution margin income statements (Learning Objective 6) The Willowick Ice Cream Shoppe sold 8,700 s
Leto [7]

Answer:

Sales Revenues 26100

COGS              <u>    5655</u>

gross profit        20445

rent expense                 1600

depreciation expense   200

operating expense <u>2600</u>

net income                16045

   

Sales Revenues          26100

Variable Cost               <u>     6305 </u>

Contribution margin        19795

rent expense                     1600

depreciation expense       200

fixed operating expense<u>   1950  </u>

net income                   16045

Explanation:

traditional:

COGS

$12 tub / 30 ice cream cones = $0.40

+ 0.25 ice cream cones

total per unit 0.65

8,700 x 0.65 = 5655

Gross profit: sales revenue less COGS

then, we subtract the rent expense, depreicaiton expense and operatign expenses to get net income.

contribution the variable cost will be subtracted from the sales revenues

that will include the 75% of the operating expenses

The difference between sales revenue and variable cost is called contribution margin.

6 0
3 years ago
Which do you think would be more effective for shaping long-term ethical behavior in an organization: a written code of ethics c
-Dominant- [34]

Explanation:

A code of ethics can be defined as a set of rules and guidelines that exist in an organization to regulate the behavior and actions of all employees.

Therefore, there is no way to guarantee that only a formal and written code of ethics is necessary for managers and employees to actually practice ethical behavior.

What will define whether the code of ethics is really implemented in the company is its conduct and positioning in the internal and external environment. There is a way for a company to be unethical and have a complete and not exercised code of ethics.

Therefore, for the organizational culture to be based on the values ​​set out in the code of ethics, it is necessary to have strong ethical leadership, as the leader is responsible for motivating and guiding the actions of employees based on their own example, then in the long term , it can be said that an ethical leadership would be more impactful for the formation of the shared values ​​that form the organizational culture.

7 0
4 years ago
Using the capital asset pricing model (CAPM), Sun State determined that the required rate of return for a capital budgeting proj
ANTONII [103]

Answer:

2.2

Explanation:

In this question, we apply the Capital Asset Pricing Model (CAPM) formula which is shown below

Expected rate of return = Risk-free rate of return + Beta × (Market rate of return - Risk-free rate of return)

18% = 7% + Beta × 5%

18% - 7% = Beta × 5%

11% = Beta × 5%

So, the beta would be

= 2.2

The (Market rate of return - Risk-free rate of return)  is also known as market risk premium and the same has applied.

5 0
3 years ago
____________ occurs when a seller takes on various digital identities by opening up several email accounts and bids on his or he
Aleksandr-060686 [28]

Answer:

Shill bidding

Explanation:

Shill bidding occurs when a seller takes on various digital identities by opening up several email accounts and bids on his or her own items multiple times to prompt genuine bidders to provide a much higher bid for an item than they would have done otherwise

5 0
3 years ago
A broad market index has an expected rate of return of 8% and a standard deviation of 40%. The T-bill rate is 1%. An investor ha
Black_prince [1.1K]

Find the below attachment

8 0
4 years ago
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