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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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kakasveta [241]

Answer:

Hmm.

Explanation:

  • Why should you memorize your social security number rather than carry your social security card in your wallet?

One big reason why you should NOT carry your social security number on you is that you could get robbed at ANY moment. And if someone has your Social security number, then they could slander your name.

  • Explain why you will need to provide your social security number to employers.

You will need to provide your social security number to employers because they need to make sure that you are you.

<em>'Why do employers need my social security number? If an employer decides to extend you an offer, they will eventually need your social security number to verify your identity and work authorization and perhaps to complete a background check. However, they don't need it in the initial hiring phase.'</em>

4 0
3 years ago
Richard's father, Joseph Leder, died in 2014 and was insured by a $1,000,000 policy purchased in 2011 (within three years of his
Lady bird [3.3K]

Answer:

C) III

  • III. No, the policy was excluded from Joseph's estate.

Explanation:

It doesn't matter who pays the policy's premiums, what matters is who is the beneficiary of the policy. If the proceeds of the policy are paid to the insured's estate, then they are part of it, but if the proceeds are paid to another beneficiary, then they are not included in the estate.

Since Joseph's wife was the owner and beneficiary of the policy, the proceeds will be paid directly to her. The advantage here is that proceeds from the life insurance policy  are not taxed as income, but if Joseph's state was larger than $5.43 million, then estate taxes might apply.

5 0
4 years ago
Green T-Shirt Processing has a unit sales price of $20 for their t-shirt. The contribution margin percentage is 70%. If they sol
Rom4ik [11]

Answer:

Net operating income= 88,000

Explanation:

Giving the following information:

Selling price= $20

Unitary variable cost= 20*0.3= 6

Fixed costs= $10,000

Units sold= 7,000

<u>We need to calculate the net operating income:</u>

Sales= 20*7,000= 140,000

Variable cost= 6*7,000= (42,000)

Contribution margin= 98,000

Fixed costs= (10,000)

Net operating income= 88,000

7 0
3 years ago
ThingOne Company has the following information available for the past year. They use machine hours to allocate overhead. Actual
frozen [14]

Answer:

the variable overhead efficiency variance is $1,840 unfavorable

Explanation:

The computation of the variable overhead efficiency variance is shown below:

= Standard variable overhead rate × (standard hours - actual hours)

= $4.60 × (10,600 - 11,000)

= $1,840 unfavorable

Hence, the variable overhead efficiency variance is $1,840 unfavorable

As the standard hours would be less than the actual hours so it would be unfavorable variance

7 0
3 years ago
36. A manufacturer's or supplier's use of an independent third party to manage an entire function of the logistics system, such
Sedaia [141]

Answer:

a.

Explanation:

Based on the scenario being described within the question it can be said that these processes are known as outsourcing. This term or process is when a company hires another company in which the hired company agrees to be responsible for an activity or process that could be done internally but which the company has decided not to. Such as in this scenario since a third party (completely unrelated company) is handling all of the logistics division of the company.

3 0
3 years ago
Read 2 more answers
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