Answer:
C. 31.25%.
Explanation:
PRODUCTS X Y Z Total
Sales in dollars $20,000 $40,000 $100,000 $160,000
CM ratio 45% 40% 25%
Contribution margin ratio can be calculated by weighted average method base on the sales ratio of each product.
Contribution margin as a whole = ( CM ratio of X x Ratio of X in total sales ) + ( CM ratio of Y x Ratio of Y in total sales ) + ( CM ratio of Z x Ratio of Z in total sales )
Contribution margin as a whole = ( 45% x $20,000 / $160,000 ) + ( 40% x $40,000 / $160,000 ) + ( 25% x $100,000 / $160,000 )
Contribution margin as a whole = 5.625% + 10% + 15.625% = 31.25%
Answer:
The omission of this entry understated accrued liabilites. given that the related inventory was sold in year 1, it aslo overstated net income and retained earnings by understating cost of goods sold, the same effects would occur if the insurance costs were chargeable to expense as a period cost
Explanation:
Rules specify that contingent liabilities should be recorded in the accounts when it is probable that the future event will occur and the amount of the liability can be reasonably estimated. This means that a loss would be recorded (debit) and a liability established (credit) in advance of the settlement.
(C) They treat income as 'passed through' to the investor for tax purposes.
<h3>
What are mutual funds?</h3>
- A mutual fund is an investment vehicle that is professionally managed and collects money from a number of investors to buy securities.
- The phrase is frequently used in the US, Canada, and India, while open-ended investment companies in the UK and SICAVs in Europe are comparable global structures.
- Mutual fund distributions, whether made in the form of cash payments or reinvested in additional shares, must be taxed if shares are held in a taxable account.
- Following the end of each calendar year, the funds submit IRS Form 1099-DIV detailing distributions made to shareholders.
<h3>Who are investors?</h3>
- A person who invests money does so in the hope of earning a profit or gaining an advantage in the future.
- The majority of the time, the investor purchases some kind of property using these assigned funds.
<h3>What is tax?</h3>
- Tax compliance refers to policy actions and individual behavior aimed at ensuring that taxpayers are paying the right amount of tax at the right time and securing the correct tax allowances and tax reliefs.
- A tax is a mandatory financial charge or some other type of levy imposed on a taxpayer (an individual or legal entity) by a governmental organization in order to fund government spending and various public expenditures (regional, local, or national).
- Around 3000–2800 BC, the first recorded taxation was enacted in ancient Egypt.
Therefore, "(C) They treat income as 'passed through' to the investor for tax purposes" is not the advantage of owning mutual funds.
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Answer:
promotion mix
Explanation:
Promotion mix -
In the marketing area , it refers to the method for marketing a particular goods and services with promotional variables , is referred to as promotion mix .
It is referred to as the subset of the marketing mix .
It helps to promote the product in the best manner , in order to achieve the best marketing result.
Hence, from the given information of the question,
The correct term is promotion mix .
<u>Given:</u>
Real GDP of US = 32000
Growth rate of US = 2%
Real GDP of China = 4000
Growth rate of China = 7%
<u>To find:</u>
Number of years taken for China's real GDP per capita to be larger than real GDP per capita in the United States.
<u>Solution:</u>
The formula to calculate the years is,
![GDP_{US}\times[1+growth_{US}]^n](https://tex.z-dn.net/?f=GDP_%7BUS%7D%5Ctimes%5B1%2Bgrowth_%7BUS%7D%5D%5En%3CGDP_%7BChina%7D%5Ctimes%5B1%2Bgrowth_%7BChina%7D%5D%5En)
On plugging-in the values,
On solving the values we get,
Therefore, we can clearly identify that number of years is greater than 40 and less than 45.
