Which of the following is a potentional benefit of joining a business-related student organization?
1 answer:
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Complete question :
Schrute Farm Sales buys portable generators for $470 and sells them for $740. He pays a sales commission of 5% of sales revenue to his sales staff. Mr. Schrute pays $5,000 a month rent for his store, and also pays $2,200 a month to his staff in addition to the commissions. Mr. Schrute sold 600 generators in June. If Mr. Schrute prepares a contribution margin income statement for the month of June, what would be his contribution margin? O A $444,000 O B. $139,800 O C. $748.200 D. $304 200
Answer:
139,800
Explanation:
Total Revenue = (quantity sold * price) = (600 * $740) = $444,000
Purchase cost = (purchase price * quantity) = (470 * 600) = $282,000
Variable selling cost = 5% of total revenue = (0.05 * 444,000) = $22,200
Total variable cost = (cost of purchase + variable selling price) = $(282,000 + 22,200) = $304,200
Contribution margin = (revenue - variable cost) = (444,000 - 304,000) = $139,800
Therefore, CONTRIBUTION MARGIN = $139,800
Answer:
14.57%
Explanation:
Data provided in the question:
Purchasing cost of the property = $200,000
LTV = 80%
Time, n = 5 years
owner's equity = $80,000
Now,
Loan amount = Purchasing cost × LTV
or
Loan amount = $200,000 × 80%
or
Loan amount = $160,000
Thus,
Annual EAHE =
or
Annual EAHE =
or
Annual EAHE = 0.1487
or
Annual EAHE = 0.1457 × 100% = 14.57%