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melisa1 [442]
3 years ago
11

Leeks Company's product has a contribution margin per unit of $12.60 and a contribution margin ratio of 20.0%. What is the selli

ng price of the product?
a. $5.
b. $20.
c. $30.
d. $40.
e. $50.
Business
1 answer:
vlabodo [156]3 years ago
5 0

Answer:

the  selling price of the product is $63

Explanation:

The computation of the selling price of the product is as follows:

As we know that

The contribution margin ratio = Contribution margin ÷ Selling price

20% = $12.60 ÷ Selling price

So the selling price is

= $12.60 ÷ 20%

= $63

Hence, the  selling price of the product is $63

This is the answer but the same is not provided in the given options

We simply applied the above formula so that the correct value could come

And, the same is to be considered

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Based on the available data for a player of Titus Johnston's profile, his guaranteed amount would be $32.74 million.

<h3>Calculations and Parameters</h3>

Given that Casey Deeselis a sports agent negotiating a contract for Titus Johnston, an athlete in the National Football League

He has generated data on 506 NFL athletes who have recently signed new contracts and who get paid a percentage of his team's plays that the athlete is on the field.

With this, each award they get, each minute they spend on the field, each game missed, and then guaranteed money are all accounted for which is displayed in the attached image below.

If we observe the best-pruned tree given below, based on the arrows and circles,

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Awards = 7

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The conclusion is that with the profile of Titus Johnston, he would receive a guaranteed amount of $32.74 million.

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1 year ago
What basic economic question helps determine the career path of individuals?
Vlada [557]
Any option available ?

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3 years ago
Suppose that some teachers have decided that economic and financial uncertainty have made the prospect of retiring more​ risky,
Naya [18.7K]

Answer:

The correct answer is: "People are rational".

Explanation:

Economics is the study of people's rational options when faced with scarcity and uncertainty, and that happens to all of us. The problem is that people are hardly rational, because our nature often acts against our economic interests.

Not long ago and until today, the work is done during the day, that is, Monday through Friday; A reality for most people. However, much of the economic activity, both ours and the entire world, operates 24/7. Today, millions of workers have unpredictable schedules. This is especially common in jobs related to services and retail sales. For example, many chain stores use personnel algorithms with traffic and apparently this makes sense, but shareholders always expect efficient efforts to maximize profits. If not, however difficult it is, particularly for workers, to get another job.

6 0
4 years ago
Joe Keho and Mike McLain share income on a 6:4 basis. They have capital balances of $90,000 and $70,000, respectively, when Lind
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Answer:

A.

Joe’s Capital (existing partner) = $90,000

Mike’s Capital (existing partner) = $70,000

Profit-sharing ratio = 6:4

Admission of Linda (new partner) with bonus to existing partners:

$100,000 cash contributed for 25% share

So, implied value of partnership firm after admission = $100,000 / 25% = $400,000

However, actual value of partnership firm after admission will be = $90,000 + $70,000 + $100,000 = $260,000

Linda’s Capital in new partnership = 25% * $260,000 = $65,000

However, Linda is contributing $100,000

So, bonus accruing to existing partners = $100,000 - $65,000 = $35,000

Bonus to be split in profit sharing ratio

Bonus accruing to Joe = $35,000 * 6/10 = $21,000

Bonus accruing to Mike = $35,000 * 4/10 = $14,000

Joe'sCapital

$21,000

Mike'sCapital

$14,000

Lindia's Capital

$65,000

b. Admission of Linda (new partner) with bonus to the new partner:

$36,000 cash contributed for 25% share

So, implied value of partnership firm after admission = $36,000 / 25% = $144,000

However, actual value of partnership firm after admission will be = $90,000 + $70,000 + $36,000 = $196,000

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So, bonus accruing to Linda = $49,000 - $36,000 = $13,000

Joe’s share in bonus to Linda = $13,000 * 6/10 = $7,800

Mike’s share = $13,000 * 4/10 = $5,200

Joe'sCapital

$7,800

Mike'sCapital

$5,200

Lindia's Capital

$49,000

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