The contribution margin per unit is 4809.52.
<h3>What is the contribution margin?</h3>
Contribution margin is the level of output at which revenue would equal zero.
Contribution margin = fixed cost / (price - variable cost)
909,000 / (420 - 231)
909,000 / 189 = 4809.52
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Answer:
$20,200
Explanation:
Bad debt Expense will be calculated using the percentage of debt loss. The expense will be calculated using the credit sales only because in cash sales there is no risk of loss.
Estimated Bad Debt = Credit Sales x Rate of bad Debt loss = $740,000 x 3% = $22,200
As Allowance for Doubtful Accounts already have balance of $2,000, we need to adjust the remainder to make the closing balance of Allowance for Doubtful Accounts $22,200 at the year end.
Adjustment required = $22,200 - $2,000 = $20,200
The Expense will be $20,200.
Answer:
We should pay $243.3 each month to pay of the loan.
Explanation
The present value of the loan is 8,000, the number of compounding periods are (3*12) =36 because payment is going to be made monthly for 3 years, the future value of the loan is 0 as there will be no lump sum payment at the end of the loan and equal payments each month, the monthly interest rate is 6%/12= 0.5%. We input these 4 values to find the monthly payment.
PV= 8,000
FV=0
N=36
I=0.5
Compute PMT= 243.3
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