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mixer [17]
3 years ago
7

GPB's contribution margin ratio is 85% ( or .85) and its fixed monthly expenses are $63,000. Assume that the cost structure of G

PB does not change.
Required:
Estimate of the company's net operating income in a month when sales are $103,000.
Business
1 answer:
KIM [24]3 years ago
7 0

Answer:

Net income= $24,550

Explanation:

The contribution margin ratio is <u>the result of deducting from sales all the variable costs, </u>expressed as a<u> percentage.</u>

<u></u>

<u>First, we need to calculate the total contribution margin:</u>

Total contribution margin= sales*contribution margin ratio

Total contribution margin= 103,000*0.85

Total contribution margin= $87,550

<u>Now, the net income:</u>

Net income= 87,550 - 63,000

Net income= $24,550

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Ne4ueva [31]

Answer:

In my opinion they can be a big problem because if you can not use the uber in some community it's useless but they are banning ubers because the taxis business are loosing money and the uber is replacing the taxi business.

There is an own opinion question, so try to answer by yourself

4 0
3 years ago
When choosing a type of media to use what should be considered? Why?
marusya05 [52]

Answer:

sanp

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8 0
3 years ago
Francisco leased equipment from Julio on December 31, 2021. The lease is a 10-year lease with annual payments of $159,000 due on
vodomira [7]

Answer: $789855

Explanation:

Initial liability = $1,006,192

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× Implicit rate 12%

Interest = 12% × $847192 = $101663

Then, reduced balance will be:

= Payment - Interest

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4 0
3 years ago
Upon customer request, a dealer in a competitive municipal syndicate must disclose:__________.
soldi70 [24.7K]

Answer:

B. order priority provisions

Explanation:

When investors want to purchase municipal bonds in the primary markets, it is important for the issuer to prioritise orders from investors in a bond offering.

The underwriter must follow the issuer's priority of orders in allocating purchase orders for municipal bonds.

So in a competitive municipal syndicate when a customer asks for order priority provisions, it must be provided by the dealer.

This shows transparency of the process to the investor as he now knows when each order will be filled.

5 0
3 years ago
Find an equation of the line slope 2/3; through (-6,3)
Minchanka [31]
If you are given a point and the slope, use the point-slope formula.
m = 2/3
(x₁, y₁) = (-6, 3)

y - y₁ = m(x - x₁)

y - 3 = 2/3(x + 6)
y - 3 = 2/3x + 12/3
y - 3 = 2/3x + 4
y = 2/3x + 1

The equation of the line is y = 2/3x + 1.

4 0
3 years ago
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