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Papessa [141]
3 years ago
5

On average, a book sells for $50. Variable selling expenses are $5 per book with the remaining selling expenses being fixed. The

variable administrative expenses are 4% of sales with the remainder being fixed. The contribution margin for Sam's Bookstore for the first quarter is:
Business
1 answer:
a_sh-v [17]3 years ago
7 0

Answer:

$144,000

Explanation:

Sales $900,000

Less Variable expenses:

Cost of goods sold $630,000

Variable selling $90,000

($900,000 ÷ $50 per book = 18,000 books)

($5 per book x 18,000 books)

Variable administrative $36,000

(4% of $900,000)

Total Variable expenses $756,000

Contribution margin $144,000

($900,000-$756,000)

Therefore the Contribution margin for Sam's Bookstore for the first quarter is $144,000

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The difference between distributive negotiation strategies and integrative negotiation strategies is that (1) distributive strat
Karolina [17]

Answer:

C. The second statement is correct

Distributive strategies focus on dividing the pie and integrative strategies on expanding the pie.

Explanation:

Distributive negotiation is a type of negotiation that both parties agrees to sharing existing resources within themselves so that they can part ways and it's mostly a win-lose situation while the integrative negotiation is a type where both parties seek to further expand the existing resources be looking forward to a collaborative process, it's always a win-win situation for both parties.

5 0
3 years ago
Swifty Inc. manufactures two products: car wheels and truck wheels. To determine the amount of overhead to assign to each produc
Katen [24]

Answer:

$10.60 per direct labor hour

Explanation:

Calculation for the overhead rate

First step is to calculate the Direct labor hours for car wheels using this formula

Direct labor hours for car wheels = Estimated wheel produced * Direct labor hour per wheel

Let plug in the formula

Direct labor hours for car wheels= 40,000 * 1

Direct labor hours for car wheels= 40,000 hours

Second step is to calculate Direct labor hours for Truck wheels using this formula

Direct labor hours for Truck wheels = Estimated wheel produced * Direct labor hour per wheel

Let plug in the formula

Direct labor hours for Truck wheels= 10,000 * 3

Direct labor hours for Truck wheels= 30,000 hours

Third step is to calculate the Total direct labor hours

Total direct labor hours = 40,000 + 30,000

Total direct labor hours=70,000 hours

Now let calculate the Overhead rate using this formula

Overhead rate = Total estimated overhead costs / Total direct labor hours

Overhead rate= $742,000 / 70,000 hours

Overhead rate= $10.60 per direct labor hour

Therefore Overhead rate is $10.60 per direct labor hour

8 0
3 years ago
What are examples of Hospitality and Tourism careers? Check all that apply.
alina1380 [7]

Answer:

D. Tour Guide

D. Tour Guide

A. Hotel Clerk

C. Waitress

Explanation:

these are the direct and  indirect careers related to hospitality and tourism. with the development of productive communications and travelling facilities, hospitality and tourism industry is one of the fastest growing sectors in any economy.

4 0
3 years ago
Read 2 more answers
Malaya Ramirez is organizing marketing research in Central American countries for a large American corporation that is intereste
nydimaria [60]

Answer:

The correct answer is letter "D": have the questionnaire translated back into English to check for accuracy.

Explanation:

<em>Translating </em>is the activity by which the message given in a language is provided written in a different language. However, all languages are not the same and during the translation, meaning can be lost. Besides, specific terminology could make the translation difficult for the translator.

Thus, for accuracy purposes Malaya Ramirez should have the English-Spanish translation checked, making it be translated back into English.

6 0
3 years ago
A 2-year T-note was issued 9 months ago with a face value of $1000. It pays a 5% per annum coupon, paid semiannually. Suppose th
grandymaker [24]

Answer:

The Price of Bond today = $997.07

Explanation:

Semi annual coupons = $1000 * 5% / 2

Semi annual coupons = $25

As 9 months is already over in the two year bond, the coupons are payable

3 months from now, 9 months from now and 15 months from now.

The present value of all these coupons and the principal should be equal to the price of the bond today.  In case of continuous compounding, the formula for Present Value of any future Cash flow C is C*e^(-r*t).

Price of Bond = $25 * e^(-0.06*3/12) + 25*e^(-.061*9/12)+ 1025*e(-0.062*15/12)

Using the value of e as 2.71828

Price of Bond = $25 * 2.71828^(-0.06*3/12) + 25*2.71828^(-.061*9/12)+ 1025*2.71828(-0.062*15/12)

Price of Bond = $ 25 * 2.71828 ^-0.015 + 25*2.71828^-0.04575 + 1025*2.71828^-0.0775

Price of Bond = $ 25 * 1/2.71828^0.015 + 25*1/2.71828^0.04575 + 1025*1/2.71828^0.0775

Price of Bond = $997.07

7 0
3 years ago
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