Please help

Hinge manufacturing's cost of goods sold is $420,000 variable and $240,000 fixed. the company's selling and administrative expen

Irina18 [472]

Hi there
contribution margin is defined as revenues minus variable expenses. In other words, the contribution margin reveals how much of a company's revenues will be contributing (after covering the variable expenses) to the company's fixed expenses and net income.
The contribution margin of a manufacturer is the amount of net sales that is in excess of the variable manufacturing costs and the variable SG&A expenses.

So contribution margin equals
Sales-variable manufacturing cost-SG&A expenses
1,480,000−420,000−300,000
=760,000....answer

Hope it helps

6 0

4 years ago

15. Consider a no-load mutual fund with $400 million in assets, 50 million in debt, and 15 million shares at the start of the ye

Aliun [14]

Answer:

12.09%.

Explanation:

Calculation to determine the rate of return on the fund

First step is to calculate the beginning year NAV

Beginning year NAV = ($400 million assets - 50 million debt) / 15 million shares

Beginning year NAV = 23.33

Second step is to calculate the ending year NAV

Ending year NAV = ($500 million assets - (500*0.75% expense) - 40 million debt] / 18 million shares

Ending year NAV =[456.25/18 million shares]

Ending year NAV =25.35

Now let calculate the return using this formula

Return = (Ending NAV -beginning NAV + Capital gain + income) / Beginning NAV)

Let plug in the formula

Return = (25.35-23.33+0.30+0.50)/23.33

Return = 12.09%

Therefore the rate of return on the fund is 12.09%

6 0

3 years ago

. On January 2, 2012, Wine Corporation wishes to issue $3,000,000 (par value) of its 8%, 10-year bonds. The bonds pay interest a

Ksivusya [100]

Answer:

The correct option is B,$2,631,204

Explanation:

The amount Wine corporation would realize from the sale of the bonds is the present value of all cash flows payable by the bond which includes the annual interest payments as well as the principal repayment in 10 years.

amount of interest payment=$3,000,000*8%=$240,000

The $240,000 would be received by investors for 10 years

The principal is the face value of $3000,000 payable in year ten

Present of face value=$3,000,000*0.3855=$1156500

present value of all interest payments=$240,000*6.1446=$1474704

Total present values=$1474704 +1156500 =$2631204

5 0

3 years ago

A sales manager learns of the new specifications for the latest TITAN. How does she know if it is permissible to tell a customer

WARRIOR [948]

Answer:

• If the information has been made public

• If Nissan gives a written permission to discuss the information

Explanation:

From the question, we are informed that a sales manager learns of the new specifications for the latest TITAN. To know if it is permissible to tell a customer about them, she'll have to find out whether the information regarding the titan has been made public and also if Nissan has given a written permission to discuss the information.

8 0

3 years ago

Golden Harvest is a restaurant located inside a five-star hotel. It caters mainly to customers who are concerned about quality d

Nikolay [14]

D. A premium rooftop restaurant in the same city will be a part of Golden Harvest's strategic group.

Explanation:

A 5 Star Hotel is a hotel that provides a luxury service to its customers through its operation. It is operated to serve their guest at high level. The materials, tables and each and everything used in the five-star hotel are set with high quality. They provide utmost care to their guest.

In the above scenario, Golden Harvest is the restaurant that is operated inside a five-star hotel. They provide quality dining to their customers. The customers visiting the restaurant expect only the quality and they don’t bother about the prices.

This shows that a premium rooftop restaurant in the same city will be a part of Golden Harvest’s strategic group.

3 0

3 years ago