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san4es73 [151]
3 years ago
15

Ralph Lauren sells suits and ties. Suits sell for $1000 each, and cost $300 in variable expenses to make each. Ties sell for $10

0, and cost $75 in variable expenses to make. Ralph’s fixed expenses are $60,000. If 90 percent of his revenues are from suits, what is Ralph’s weighted average contribution margin ratio?
Business
1 answer:
lina2011 [118]3 years ago
5 0

Answer:

Weighted average contribution margin ratio= $632.5

Explanation:

Giving the following information:

Suits:

Selling price= $1,000

Unitary variable cost= $300

Sales participation= 90%

Ties:

Selling price=  $100

Unitary variable cost= $75

Sales participation= 10%

To calculate the weighted contribution ratio, we need to use the following formula:

Weighted average contribution margin ratio= weighted average selling price - weighted average unitary varialble cost

weighted average selling price= (1,000*0.9) + (100*0.1)= 910

weighted average unitary varialble cost= (300*0.9) + (75*0.1)= 277.5

Weighted average contribution margin ratio= 910 - 277.5= $632.5

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3 years ago
A stock has a beta of 1.28, the expected return on the market is 12 percent, and the risk-free rate is 4.5 percent. What must th
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Explanation:

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risk free rate=4.5%

beta=1.28

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Step 2: Express the formula for expected return

The expected return can be expressed as follows;

ER=RFR+(B×EMR)

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2 years ago
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