Answer:
37.00%
Explanation:
The computation of the weighted average contribution margin ratio is shown below:
Particulars Sporting Goods Sports Gear Total
Contribution Margin Ratio 30% 50%
Sales Mix - Weights 65% 35%
Weighted Contribution Margin 19.50% 17.50% 37.00%
We simply multiplied the contribution margin ratio with the sales mix weighted so that the weighted contribution margin ratio could come
The answer is C. Both health insurance and retirement are withheld
Cash collections from clients at some point of the duration =beginning money owed receivable +internet credit income-ending accounts receivable = 1128000
= 125000+1216000-213000
= 1128000
Surely put, cash collection is the process of accumulating debts owed in your organization. these may be bills owed with the aid of a character or another business and might consist of each cutting-edge bill with an awesome balance and beyond-due money owed. you may additionally hear this referred to as payment collections.
Cash collection additionally referred to as charge collection, is a treasury characteristic that describes the method whereby an enterprise recovers coins from different groups (or individuals) to whom it has previously issued an invoice. the important thing objective of the coins series is to get invoices paid on their due date.
Cash collections typically come from one in every of two locations: coins income and collections on bills receivable. Use historical information and trends to estimate collections for every class and calculate the sum of the figures to locate general budgeted cash collections.
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JP Morgan was a captain of Industry.