Answer:
weighted-average contribution margin= $4.7
Explanation:
Giving the following information:
Hurricane lamps account for 70 percent of the units sold, while the flashlights account for the remaining 30 percent of unit sales. The unit sales price of the lamps is $9.00, and the unit variable cost is $4.00. The unit sales price of the flashlights is $7.00, and the unit variable cost is $3.00.
<u>To calculate the weighted-average contribution margin, we need to calculate first the weighted-average selling price and weighted average variable cost for each product.</u>
weighted average selling price= (selling price* weighted sales participation)
weighted average selling price= (0.7*9 + 0.3*7)= $8.4
weighted average variable cost= (variable cost* weighted sales participation)
weighted average variable cost= (0.7*4 + 0.3*3)= 3.7
<u>Now, we can calculate the weighted average contribution margin:</u>
weighted-average contribution margin= 8.4 - 3.7= $4.7
Some of the likely things which a court would do if Tonya sues to enforce the contract are:
- 1. X not enforce the contract, because people are free to choose to whom they sell their property.
- 2. award monetary damages to Tonya.
- 3. require Shania to go through with the sale.
- 4. X grant specific performance by requiring Shania to find a comparable piece of land for Tonya at a comparable price.
<h3>What is a Contract?</h3>
This refers to the legally binding agreement which is entered by two or more parties based on terms and conditions.
With this in mind, we can see that because Shania wants to sell her lakefront to Tonya for $150,000 and they sign a contract but before they close the deal, Shania discovers that the property prices would go up and declines to sell.
In conclusion, if Tonya sues to enforce the contract, we can see that the contract would not be enforced, but Tonya would be paid monetary damages.
Read more about contract here:
brainly.com/question/984979
Answer:
Annual increase is $1,108.4
Explanation:
In 2016, average price was $27,258.6
In 2010, average price was $20,608
Average increase in 6 years = $27,258.6 - $20,608 = $6,650.6
Annual average increase = $6650.6/6 = $1,108.4
