Answer:
The correct answer is 45%.
Explanation:
According to the scenario, the given data are as follows:
Selling price = $640
Variable cost = $352
Annual fixed cost = $985,500
Current sales volume = $4,390,000
So, we can calculate the contribution margin ratio by using following formula:
Contribution margin ratio = (Contribution margin per unit ÷ selling price per unit ) × 100
Where, Contribution Margin = Selling price - Variable cost
= $640 - $352 = $288
So, by putting the value in the formula, we get
Contribution margin ratio = ( $288 ÷ $640 ) × 100
= 0.45 × 100
= 45%
Home of pets !!!
Hope it works!!!
Answer:
The correct answer is option A.
Explanation:
When the government buys from the public it will pay them back. So the purchase of $100 million of bonds by the government means $100 million was paid to the public.
Also, if the reserve requirement is lowered, it means the commercial banks can increase lending.
Both these actions combined will lead to an increase in the money supply.
Answer:
$7,000
Explanation:
Calculation for the depreciation expense for the second year
Depreciation rate will be:
2/7 = 29%
$34,000 × 29% = $9,860
The depreciation in the first year will be $9,860
Thus,
($34,000 - $9,860) × 29%
$24,140×29%
= $7,000
Therefore the depreciation expense for the second year will be $7,000
Answer:
a) resources are limited and efficiency implies that all resources are already in use
Explanation:
If production is efficient, it means that the economy is producing on the production possibility frontier and all resources are in use.
To produce one unit of a good, the economy has to forgo producing one unit of the other good.
I hope my answer helps you.
