Answer:
73 days
Explanation:
average collection period = number of days in a period / receivables turnover
receivables turnover = revenue / average receivables = $100,000 / $20,000 = 5
average collection period = 365 / 5 = 73 days
I hope my answer helps you
We can find the increase in operating income for each $ 1,000 increase in revenue per month by finding the contribution margin ratio and the multiplying it with the increase operating income of $ 1,000 each.
The formula to find the contribution margin ratio is :-
Contribution margin ratio = Contribution margin per unit / Selling price per unit
= 12 / 20 = 60%
The increase in operating income = Contribution margin ratio * Revenue
= 60 % * 1,000
= $ 600
The calculations are shown below :-
Selling price per unit = $ 20
Variable cost per unit = $ 8
Contribution margin per unit = Selling price per unit - Variable cost per unit
= $ 20 - $ 8 = $ 12
You should sturter allot or say the same word over again
Agriculture:
- farms
- biotechnology ( now)
- food ( wheat,grain)
Answer:
$133,928.57
Explanation:
Break even revenue = Fixed cost / contribution to sales ratio
Contribution to sales ratio = Selling price - Variable cost / selling price
Fixed cost = $60000
Variable cost= $16 per unit
Selling price = $29 per unit
Contribution to sales ratio = 29 - 16/ 29 = 13/29 = 0.448
Break even revenue = 60000/0.448 = $133,928.57
