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
Vadim26 [7]
2 years ago
9

Psari's, a company that sells fishing​ nets, provides the following information about its​ product: Targeted operating income $

54 comma 000 Sales price per unit 6.00 Variable cost per unit 2.00 Total fixed costs 115 comma 000 What is the contribution margin​ ratio? (Round any intermediate calculations and your final answer to two decimal​ places.) A. 33.33​% B. 66.67​% C. 100​% D. 166.67​%
Business
1 answer:
Molodets [167]2 years ago
6 0

Answer:

B. 66.67​%

Explanation:

Contribution is the difference between the company's total revenue and the total variable cost. The ratio of the contribution to sales or revenue gives the contribution margin ratio.

The contribution may also be derived from the addition of the fixed cost and the operating income.

Contribution margin

= $115,000 + $54,000

= $169,000

Let the number of units to be sold to achieve targeted income be U

6U - 2U - 115,000 = 54,000

4U = 169,000

U = 42,250

Contribution margin ratio = 169000/(6 * 42,250)

= 66.67%

You might be interested in
Which of the following is true of budgeting? Question 1 options: Budgeting forces management to plan for the future. Budgeting c
coldgirl [10]

Answer:

correct option is Budgeting forces management to plan for the future.

Explanation:

The budget depends on the control cycle to design the planning cycle for future action. Because budget is the only way to compare reality in determining performance evaluation, but budget is not in the nose of planning the future                                                          

so correct option is Budgeting forces management to plan for the future.

3 0
3 years ago
Assume Simple Co. had credit sales of $249,000 and cost of goods sold of $149,000 for the period. Simple uses the percentage of
ella [17]

Answer:

$5,220

Explanation:

The computation of the bad debt expense for the period end adjustment is shown below:

= Allowance of bad debts + credit balance of  Allowance for Doubtful Accounts

where,

Allowance of bad debts = 2% × $249,000 = $4,980

And, the credit balance of  Allowance for Doubtful Accounts is $240

Now put these values to the above formula  

So, the value would equal to

= $4,980 + $240

= $5,220

The journal entry is shown below:

Bad debt expense A/c Dr $5,220

   To Allowance for Doubtful Accounts $5,220

(Being bad debt is recorded)

5 0
3 years ago
How much does carrie underwood get paid for sunday night football?
MrRa [10]
<span>AS THE HYPE FOR THE SUNDAY NIGHT FOOTBALL GETS ELECTRIFYING, THERE HAVE BEEN QUESTIONS RAISED ABOUT CARRIE UNDERWOOD'S PAYMENT FOR HER PERFORMANCE DURING THE INAUGURATION OF THE SUNDAY NIGHT FOOTBALL. RIGHT NOW HER PAYCHECK HASN'T BEEN LISTED ONLINE. BUT ACCORDING TO PayWizard.Org HER DAILY PAY WOULD BE AROUND $21,917.00. RIGHT NOW THE AMERICAN SINGER HAS A NET WORTH OF ABOUT $55 MILLION.</span>
6 0
2 years ago
A business organization needs to make up a 5 member fund-raising committee. The organization has 10 accounting majors and 8 fina
miss Akunina [59]

Answer:

The fund raising committee can be organized in 3,276 different ways.

Explanation:

The committee can have the following structures:

Accounting majors            Finance majors

        0                                          5

        1                                           4

        2                                          3

C(10,0) x C(8,5) = (10! / 10!) x (8! / 3!5!) = 1 x 56 = 56

C(10,1) x C(8,4) = (10! / 9!1!) x (8! / 4!4!) = 10 x 70 = 700

C(10,2) x C(8,3) = (10! / 8!2!) x (8! / 5!3!) = 45 x 56 = 2,520

total possibilities = 2,520 + 700 + 56 = 3,276

                               

6 0
2 years ago
​E-Loan, an online lending​ service, recently offered 48​-month auto loans at 4.5 % compounded monthly to applicants with good c
ser-zykov [4K]

Answer:

Therefore I can borrow $19646.12 from E-Loan.

The interest I will pay for the loan is $1,857.88.

Explanation:

The formula of present value is

PV=PMT(\frac{1-(1+i)^{-n}}{i})

PMT = The monthly payment = $448

i= Rate of interest per period =\frac{4.5}{12}\%=0.00375

n = The number of month = 48 months

Therefore

PV=448(\frac{1-(1+0.00375)^{-48}}{0.00375})

      ≈$19646.12

Therefore I can borrow $19646.12 from E-Loan.

The interest = Paid amount - Loan amount

                    =$[(448×48)-19646.12]

                   =$1,857.88

The interest I will pay for the loan is $1,857.88.

6 0
2 years ago
Other questions:
  • Presented below is information related to equipment owned by Bramble Company at December 31, 2020. Cost $10,260,000 Accumulated
    8·1 answer
  • Jose wants to upgrade his look before a job interview. A friend tells him about a men's clothing line that allows potential cust
    12·1 answer
  • Juliette formed a new business to sell sporting goods this year. The business opened its doors to customers on June 1. Determine
    9·1 answer
  • Indole is an end product created by the degradation of ________________.
    5·1 answer
  • Joe lost a substantial amount gambling at a race track today. On the last race of the​ day, he decides to make a large enough be
    11·1 answer
  • Clovix Corporation has $50 million in​ cash, 10 million shares​ outstanding, and a current share price of $30. Clovix is decidin
    6·1 answer
  • Question 1<br> Describe the role of supply, demand, and competition in a free-enterprise system.
    15·1 answer
  • What's the permanent marker used primarily for marking datums when measuring elevation?
    9·1 answer
  • Use a business directory to identify several nonprofit corporations in your area. What public service is each providing? Why do
    15·2 answers
  • In sugar pine trees, lots of seedling are produced, but very few survive to adulthood — death occurs predominantly in young indi
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!