Bonita Industries issues 4400 shares of its $5 par value common stock having a fair value of $20 per share and 6400 shares of it
1 answer:
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Answer:
13.01%
Explanation:
Gross Margin Ratio =
Gross Margin Ratio =
Gross Margin Ratio =
Gross Margin Ratio = 13.01%
Gross Profit Margin is represented as (Percentage) %. Now, the Gross profit margin is really worth investigating. It not only helps when comparing Gross Profit Margin with competitors but is also helpful in investigating and comparing previous year's Gross Profit Margin. If the Gross Profit Margin fallen there could be number of reasons for this, one might be the cost of goods sold has gone up. On contrary, on the other hand the increase in Gross Profit Margin might be because of increase in selling prices.
Answer:
The break even units of clock is 370 units.
Explanation:
Juniper Enterprises sells handmade clocks.
The variable cost per clock is $6.
The price of per unit of clock is $24.
The contribution margin per unit
= Sales - Variable cost
= $24 - $6
= $18
Break even units
=
=
= 370 units