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
fgiga [73]
3 years ago
7

produces sports socks. The company has fixed expenses of $ 90 comma 000$90,000 and variable expenses of $ 0.90$0.90 per package.

Each package sells for $ 1.80$1.80. Read the requirementsLOADING.... Requirement 1. Compute the contribution margin per package and the contribution margin ratio. Begin by identifying the formula to compute the contribution margin per package. Then compute the contribution margin per package. ​(Enter the amount to the nearest​ cent.) Fixed costs – Operating income = Contribution margin per unit
Business
1 answer:
antiseptic1488 [7]3 years ago
8 0

Answer:

The contribution margin and the contribution ratio is $0.90 and 50% respectively.

Explanation:

The formula to compute contribution margin per package is shown below:

Contribution margin = Selling price per package - variable expense per package

= $1.80 - $0.90

= $0.90

And, the formula to compute contribution ratio is shown below:

= (Contribution per package ÷ selling price per package) × 100

= ($0.90 per package) ÷ ($1.80 per package) × 100

= 50%

You might be interested in
Exercise 11-13A Calculate financing cash flows (LO11-5) Dristell Inc. had the following activities during the year (all transact
Scilla [17]

Answer:

The net cash flows from financing activities is -$45,000

Explanation:

The computation of the net cash flows from financing activities is shown below:

=  Additional common stock issued - purchase of treasury stock - dividend paid - long term note payable issued

= $160,000 - $75,000 - $40,000 - $90,000

= -$45,000

The other items which are mentioned in the question have come under the investing activities

3 0
4 years ago
Compare Franklin Roosevelts ( a democrat) actions concerning the economy in the 1930s with Ronald reagans (a republican) actions
steposvetlana [31]
Franklin Roosevelt's economic plans were to help the people by giving them things such as social security, lowering poverty rates, increasing wages and similar, while Ronald Regan's plan was to reduce tax rates so as to increase production and the overall wealth of the people. From this we might conclude that while Roosevelt wanted to help prevent poverty and help the people by through direct means, Regan wanted to help people by helping their employers who would in turn help their employees due to accumulated wealth.
4 0
3 years ago
What are things you can do to manage the risks in your life to reduce any financial losses?
son4ous [18]
You can create a budget plan to cut out the risks of any unneeded financial expenses and to know that you should pay for things you need before you pay for unneeded items.
7 0
3 years ago
A u.s. manufacturer that exports goods made at its u.s. plants for shipment to foreign markets:
iris [78.8K]
A U.S. producer that exports merchandise made at its U.S. plants for shipment to outside markets becomes more focused in remote markets or in foreign markets when the U.S. dollar decreases in values against the currencies or money of the other nations or countries to which it is trading.
7 0
3 years ago
Patrice and Patrick are twins. They sit down to discuss their college plans with their parents. If both choose an in-state schoo
Brut [27]

Answer: C or D

Explanation:

4 0
3 years ago
Read 2 more answers
Other questions:
  • On December 31 of the current year, Jones Company purchased a building for $100,000, paying $40,000 in cash and signing a 15-yea
    7·1 answer
  • Which entrepreneur had a significant impact on the cosmetics industry?
    6·1 answer
  • Assume that the interest rate on borrowing in Japan is 1 percent, while the interest rate on deposits in Australian banks is 5 p
    9·1 answer
  • 3 Select the correct answer. Tracy applied for a home loan from her bank. The bank is willing to give her the loan but at a very
    8·1 answer
  • Opportunity cost is defined as the: a. ​value of all alternatives not chosen. b. ​difference between the benefits from a choice
    11·1 answer
  • At the end of April, Cavy Company had completed Jobs 766 and 765. The individual job cost sheets reveal the following informatio
    13·1 answer
  • ____________is defined by Sage as "a system of interdependent ideas that explain and justify particular political, economic, mor
    7·1 answer
  • Can some one give me a crown I really want one 82 points if you do
    8·2 answers
  • There are three main credit reporting bureaus -- Equifax, Experian, and TransUnion. How frequently can you request and receive a
    12·1 answer
  • A building's owner pays a property manager in 81/2% commission based on the units annualized rent for each new tenant last year
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!