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
Alexeev081 [22]
2 years ago
12

Lincoln, Inc., which uses a volume-based cost system, produces cat condos that sell for $140 each. Direct materials cost $22 per

unit, and direct labor costs $15 per unit. Manufacturing overhead is applied at a rate of 280% of direct labor cost. Nonmanufacturing costs are $34 per unit. What is the gross profit margin for the cat condos
Business
1 answer:
Darina [25.2K]2 years ago
8 0

Answer:

43.57 %

Explanation:

The computation of the gross margin for the cat condos is given below:

Total Manufacturing Cost per unit is

= Direct materials + Direct labor + Manufacturing overhead  

=  $22 + $15 + ( 280% of $15)

= $79

Now

Gross Profit is

= Selling price per unit - Total Manufacturing Cost per unit

= $140 -  $79

= $61

And finally

Gross Profit Margin is

= (Gross Profit ÷ Selling Price ) × 100

= ($61 ÷ $140) × 100

= 43.57 %

You might be interested in
Hi-Tek is a young start-up company. No dividends will be paid on the stock over the next 9 years, because the firm needs to plow
Elza [17]

Answer:

The price of the stock today is $16.83

Explanation:

The current price per share can be estimated using constant growth model of  the DDM. The price per share can be calculated using the following formula,

P0 = D1 / r - g

To calculate the price today, we use the dividend expected for the next period. Thus, using the dividend that will be paid at t=11 or D11, we can calculate the price of the stock at t=10. We further need to discount this price using the required rate of return for 10 years to calculate the price of the stock today.

P10 = 6 * (1+0.04)  /  (0.14 - 0.04)

P10 = $62.4

The price of the stock today will be,

P0 = 62.4 / (1.14)^10

P0 = $16.83

8 0
3 years ago
Read 2 more answers
Uranus and neptune appear to be smaller versions of jupiter and saturn, but they differ significantly from these planets, in tha
Sati [7]

Saturn and Jupiter both have large quantities of liquid hydrogen and liquid metallic hydrogen while Neptune and Uranus just have the gaseous form of hydrogen because they are too little to compress hydrogen to its metallic state. Also, the two latter planets have icy cores.

3 0
3 years ago
Which of the following would best describe what would happen to the time value at the same nominal annual rate of a cash flow as
djverab [1.8K]

Answer:

A) Both the present value and future value would increase.

Explanation:

If the compounding frequency increases, then both the present value and the future value will increase because the effective annual rate will increase. E.g. interest used to be compounded every 6 months, now it is compounded monthly.

Both the present value and the future value vary jointly, if the present value decreases, then the future value will also decrease, and vice versa.

7 0
3 years ago
A stock is expected to pay a dividend of $0.75 at the end of the year. The required rate of return is rs = 10.5%, and the expect
kipiarov [429]

Answer:

<em>$18.29</em>

Explanation:

It is very simple as per the question to calculate the current stock price.

The formula for calculating the Stock price is,

P = D/(r-g)

Hence, we calculate as follows,

Price = 0.75/(0.105-0.064)

Price = 0.75/0.041

<u><em>Price = $18.29</em></u>

<u><em /></u>

<u><em>Good Luck.</em></u>

5 0
3 years ago
William, Irene, Jason, Barbara, and Immunographics, Inc. form a partnership for the purposes of developing designs for medical p
butalik [34]

Answer:

Valid because corporations can be a partner in a partnership

Explanation:

A corporation can become a partner in a partnership, because a corporation can do most of the same things as an individual. Corporations, like individuals, can own property and enter into contracts, both things that are necessary to become a partner in a business. Having a corporation as a partner may be advantageous under certain circumstances because corporations have more legal and financial protections for those who run them.

3 0
3 years ago
Other questions:
  • Robert Gillman, an equity research analyst at Gillman Advisors, believes in efficient markets. He has been following the mining
    8·2 answers
  • Which action is the best example of appropriate e-mail use at work?
    8·1 answer
  • Direct Materials and Direct Labor Variances At the beginning of June, Bezco Toy Company budgeted 5,000 toy action figures to be
    14·1 answer
  • Standlar Company makes wireless speakers. The standard model price is $360 and variable expenses are $210. The deluxe model pric
    7·1 answer
  • A withholding allowance is a _____.
    11·1 answer
  • Banc Corp. Trust is considering either a bankwide overhead rate or department overhead rates to allocate $396,000 of indirect co
    7·1 answer
  • Courts Distributors needed two hundred compact refrigerators on a rush basis. It contacted Eastinghouse Corporation, a manufactu
    7·1 answer
  • At the trough of the business cycle, cyclical unemployment is _____ and the actual unemployment rate _____ the natural rate of u
    12·1 answer
  • Which of the following is an example of how high student loan debt can
    9·1 answer
  • calculus a hotel that charges 80 oer day for a room gives secial rates to organizations that reserve bewteen 30 adn 60 rooms
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!