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ipn [44]
3 years ago
15

Exercise 5-10 (Algo) Multiproduct Break-Even Analysis [LO5-9] Lucido Products markets two computer games: Claimjumper and Makeov

er. A contribution format income statement for a recent month for the two games appears below: Claimjumper Makeover Total Sales $ 112,000 $ 56,000 $ 168,000 Variable expenses 41,320 9,080 50,400 Contribution margin $ 70,680 $ 46,920 117,600 Fixed expenses 81,060 Net operating income $ 36,540 Required: 1. What is the overall contribution margin (CM) ratio for the company
Business
1 answer:
kirza4 [7]3 years ago
6 0

Answer:

Contribution margin ratio= 0.7

Explanation:

Giving the following information:

Total

Sales $168,000

Variable expenses 50,400

<u>To calculate the contribution margin ratio, we need to use the following formula:</u>

Contribution margin ratio= (sales - total variable cost) / sales

Contribution margin ratio= (168,000 - 50,400) / 168,000

Contribution margin ratio= 0.7

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Tim earns income of $60,000 per year and pays $21,000 per year in taxes. Tim paid 20 percent in taxes on the first $30,000 he ea
svetoff [14.1K]

Answer:

c. 50 percent

Explanation:

The amount of tax to paid by Tim on the second income he earned during the year shall be calculated as follow:

Amount of tax on 2nd income=21,000-(20%*30,000)

                                                  =21,000- 6,000

                                                  =$15,000

Marginal tax rate on 2nd income=Amount of tax on 2nd income/2nd income earned during year

Marginal tax rate=15,000/30,000=50%

So the answer is c. 50 percent

                                 

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3 years ago
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il63 [147K]

Answer:

Currency Exchange Rate

Explanation:

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A familiar tradition in norway involves putting a bowl of rice pudding out for the barn elf. why is this done
ruslelena [56]
This is a cultural tradition that has its roots if folklore of many Scandinavian countries, but it is also found in Norway. In Norway, the bowl of rice pudding is left for the barn elf so he would not turn mischievous and that he will continue to take care of the household's animals. 
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4 years ago
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A Motel 6 franchisee does not do a good job managing the housekeeping staff and is slow at addressing repairs. Customers check-i
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Answer & Explanation: From the following scenario/case, we can state that this case illustrates the example of <em>disadvantage</em>. Here in this case this will referred to as a disadvantage to the individual or franchisor. In this particular case there is lack of control or grasp over the organization or franchisee that tends to result in the damage to its brand.

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3 years ago
. Ann lives in Princeton, New Jersey, and commutes by train each day to her job in New York City (20 round trips per month). Whe
Greeley [361]

Answer:

Answered

Explanation:

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