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Elena-2011 [213]
3 years ago
5

Sheridan Company produces flash drives for computers, which it sells for $12 each. Each flash drive costs $9 of variable costs t

o make. During April, 1000 drives were sold. Fixed costs for April were $1000. How much is the contribution margin ratio
Business
1 answer:
Allushta [10]3 years ago
8 0

Answer:

12%

Explanation:

Contribution margin ratio is calculated as

= Contribution margin / Sales

Sales [ $12 each × 1,000 drives sold] $12,000

Less Variable costs [$9 each x 1,000 drives sold]

($9,000)

Contribution margin

$3,000

Less Fixed costs

($1,000)

Operating profit

$1,000

Recall that contribution margin ratio

= [ Contribution margin / Sales] × 100

= [ $3,000 / $12,000 ] × 100

= 12%

Therefore, contribution margin ratio is 12%

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Bolt Corp. acquires equipment valued at $81,630 by signing a 3-year noninterest-bearing note payable for $100,000. Calculate the
Serga [27]

Answer:

7%

Explanation:

Calculation for the implicit interest rate on the note

First step is to calculate the PV factor

PV factor=$81,630/100,000

PV factor = 0.81630

Last Step is to find the implicit interest rate by using the PV table for 3 years to find the factor that matches the PV factor of 0.81630

Hence the factor that matches the PV factor of 0.81630 can be found or see in the 7% column which means that the implicit interest rate will be 7%

Therefore the implicit interest rate on the note will be 7%

4 0
3 years ago
The term ssr/ss total is also called the select one:
GaryK [48]

Answer : coefficient of determination.

In the regression analysis results on MS excel the SSR/ SS total is called as " coefficient of determination"

6 0
3 years ago
Sasha works for a large corporation, and sometimes, she finds it difficult to see how she fits into the corporate picture. Howev
FinnZ [79.3K]

Answer:

C. It can boost employee productivity.  

Explanation:

Sasha's company decision to establish an employee stock ownership plan has the potential benefit of boosting employee productivity because staff members and people in general are motivated by rewards.

Employee stock ownership plan is a staff reward scheme where a company's employees are awarded shares of the company they work for, hence they become both staff and shareholders of that company.

Sometimes these plans are futuristic, they are awarded at a certain date in future if the company achieves certain goals. Hence the productivity of employees are boosted in the bid to boost the company's performance and achieve their share rewards

8 0
3 years ago
One sign of transition to a mixed-market economy is the establishment of..
Katena32 [7]

A) a fair labor market

3 0
3 years ago
Read 2 more answers
Cragmont has beginning equity of $277,000, net income of $63,000, withdrawals of $25,000 and no additional investments by owners
Andrew [12]
<span>The ending equity is $315,000 This is just a matter of adding income and subtracting withdraws. So let's do it. "Cragmont has beginning equity of $277,000," x = $277000 "net income of $63,000" x = $277000 + $63000 = $340000 "withdrawals of $25,000" x = $340000 - $25000 = $315000</span>
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3 years ago
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