Answer: $6.2
Explanation: Contribution margin is the amount of revenue left after paying for the variable cost, it can be formulated as follows :-
contribution = sales - variable cost
In case of Limeade:-
sale price = $22.10
Variable cost = $15.90
so, putting the values into equation we get :-
contribution per foot = $22.10 - $15.9 = $6.2
Answer:
The correct option is Debit Cash $1,864,097; debit Discount on Bonds Payable $135,903; credit Bonds Payable $2,000,000.
Explanation:
This question is an instance of bonds issued at a discount. This happens when a bond is issued below the face value of the bond and also happens when the coupon rate on the bond payable is less than the market rate.
The face value of the bond payable is $2,000,000 while the market value is $1,864,097, so there is a discount of $2,000,000 - $1,864,097 = $135,903 on the bond payable, which is to be amortized over the life of the bond payable.
So, the appropriate journals to record this transaction is as provided above.
Based on microeconomic theory, <u>Total</u> costs refer to the sum of the fixed and variable costs for any given level of production.
<h3>What makes Total Cost?</h3>
Generally, the total cost is the sum of all the price of the material utilized, the wages or salary paid in the production, and the direct expenditure.
<h3>Components of Total Cost </h3>
The components of Total Cost include the following:
- Prime cost
- Factory cost
- Office cost
- Cost of sales, etc.
Hence, in this case, it is concluded that the correct answer is "<u>Total Cost."</u>
Learn more about Total Cost here: brainly.com/question/25109150
Answer:
Difficult entry, Mutual interdependence, Market is control by a few large firms.
Explanation:
An Oligopolistic market very few organisations control a particular market share. Likewise, when another organisation attempts to enter the market, there are obstructions set up by the current organisations. Similarly, if one organisation changes or alter a commodity, it affects all other firms and organisations. So there is mutual interdependence in the oligopolistic market. There is high mutual interdependence because firms produce identical or the same goods and services.
Answer:
a. 7,000 years
b. 2,333 years
c. 875 years
Explanation:
Based on rule of 70, we can have the following formula to do the calculation:
Number of years to double = 70 ÷ Interest rate per year .................... (1)
We can now calculate as follows:
a. A savings account earning 1% interest per year.
Number of years to double = 70 ÷ 1% = 7,000 years
b. A U.S. Treasury bond mutual fund earning 3% interest per year.
Number of years to double = 70 ÷ 3% = 2,333 years
c. A stock market mutual fund earning 8% interest per year.
Number of years to double = 70 ÷ 8% = 875 years
Note:
It can be observed that the higher the interest rate, the lower the number of years it will take the investment to double.
