1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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

You might be interested in
On December 1, 20X1, Money Co. gave Home Co. a $200,000, 11% loan. Money paid proceeds of $194,000 after the deduction of a $6,0
zysi [14]

Answer: <em>(C.) $2,005</em>

Explanation:

Given :

Money Co. made a cash outflow of $194,000 for the $200,000 loan Money gave to Home Co.  

The book value of the loan is $194,000.

The stated rate is 11%.

Hence they will receive an effective interest rate of 12.4% on cash outflow.  

∴

Income from the loan = Book value × Effective interest rate × No. of months of the year

= $194,000 × 0.124 × \frac{1}{2}

= $2,004.67

3 0
3 years ago
How do short term goals differ from being long term goals
Alekssandra [29.7K]

Answer:

Explanation:

Short term goals are goals that are set for a short period of time. For instance, a goal to get your homework done. Long term goals are goals that are set for a long period of time. For instance, staying healthy and happy. Hope this helped ya! :)

7 0
3 years ago
Veronica works in the purchasing department for Medical Center Hospital. She buys gloves, masks, and protective gear from Johnso
uranmaximum [27]

<u>C.</u> Satisficer

<h3><u>What is a satisficer?</u></h3>

A decision-making method called satisficing aims for a satisfactory or adequate outcome rather than the best one. Satisficing concentrates on practical effort when faced with tasks rather than exerting maximal effort to achieve the ideal result. This is due to the possibility that pursuing the ideal outcome will result in an unnecessary drain on time, effort, and resources. In order to achieve the first feasible solution that yields minimally acceptable results, the satisficing strategy can involve taking a minimalistic approach. Satisficing reduces the range of options that are taken into account to obtain those objectives, eliminating alternatives that would necessitate more demanding, complicated, or impractical efforts in an effort to produce more ideal outcomes.

Learn more about satisficer with the help of the given link:

brainly.com/question/13498883?referrer=searchResults

#SPJ4

4 0
2 years ago
Berry Good LLC registers its trademark with the U.S. Patent and Trademark office and uses it to market a distinctive line of ice
artcher [175]

Answer:

b. Creamy Inc.

Explanation:

From the question we are informed about Berry Good LLC which registers its trademark with the U.S. Patent and Trademark office and uses it to market a distinctive line of ice cream products. Creamy Inc. uses the mark without Berry's consent to sell imitation frozen desserts. Berry has a cause of action against Creamy Inc. What happen here was a Trademark infringement on Creamy Inc part. Infringement can be regarded as violation of exclusive rights that is associated with someone trademark. This as a result of not taken authorization from the owner of the Trade mark who has the licensees

7 0
3 years ago
Sarah was in a meeting where various vendors were being considered. She noticed that one of the vendors had a history of mistrea
Papessa [141]

Answer:

C. role relativism

Explanation:

In this relativism the moral fits to the goals of the company so its adjusted to gain the goals set inside the firm regardless personal views.

6 0
3 years ago
Read 2 more answers
Other questions:
  • You have been pricing an MP3 player in several stores. Three stores have the identical price of $300. Each store charges 24 perc
    13·1 answer
  • Is it easy to start or stop a mma investment
    9·1 answer
  • Many customers have expressed a preference for local produce in season. Andy and Scott form partnerships with local farmers to e
    15·1 answer
  • How much does it cost to declaw a cat at petsmart?
    10·1 answer
  • Assume that no correcting entries were made at 12/31/14, or 12/31/15. Ignoring income taxes, by how much will retained earnings
    14·1 answer
  • On a bank's T-account:________.
    7·1 answer
  • All of the following are accurate statements EXCEPT: A. Retirement can be gradual. B. Retirement can be sudden. C. Retirement la
    11·1 answer
  • The value of a financial asset is the​ ________.
    13·1 answer
  • Miracle Clean's variable costs are $3.00 per bottle and Fixed Expenses are $350,000 per year. The company currently sells 150,00
    5·1 answer
  • Your employee tells you that she wants to report sexual harassment to the appropriate california agency. Who should you direct h
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!