Aside from the actual mortgage payments, you also pay for your monthly property taxes, homeowner's insurance, and home repairs.
Sometimes homeowners also pay for monthly dues to their homeowners association. This monthly dues include water, sewer, garbage, and maintenance of other amenities like clubhouse, pool, and tennis courts.
Answer:
$21,767.50
Explanation:
<u>Computation table:</u>
<u>Particular Amount</u>
Sales $50,000
Less: Costs $23,000
<u>Less: Depreciation $2,250</u>
<u>EBIT $24,750</u>
<u>Less: Interest $2,000.
</u>
<u>EBT $22,750</u>
<u>Less: Tax (23%) $5,232.50
</u>
<u>Net Income $17,517.50</u>
$24,750 + 2,250 -5,232.50
$21,767.50
Answer:
$12.45
Explanation:
Calculation to determine what the contribution margin per unit sold is closest to:
First step is to calculate the Variable cost per unit using this formula
Variable cost per unit = Direct materials per unit + Direct labor per unit + Variable manufacturing overhead per unit + Sales commissions per unit + Variable administrative expense per unit
Let plug in the formula
Variable cost per unit = $5.15 + $5.30 + $1.95 + $0.60 + $0.55
Variable cost per unit = $13.55
Now let determine the Contribution margin per unit using this formula
Contribution margin per unit = Selling price per unit - Variable cost per unit
Let plug in the formula
Contribution margin per unit = $26.00 - $13.55
Contribution margin per unit = $12.45
Therefore the contribution margin per unit sold is closest to:$12.45
Answer:
Option D.
Explanation:
Given information:
Formula for price elasticity of demand is
Substitute the given values in the above formula.
Absolute value is
The absolute value of the price elasticity of demand for DVD players is 2.67.
Therefore, the correct option is D.
