User Account

All Pages

Calculate the contribution margin ratio

Assignment Help Accounting Basics
Reference no: EM132631130

Question - Contribution Margin Ratio

The Coffe Club sells specialist coffee drinks from a rented cart on the beachside on the Gold Coast. Provided below is a summarized version of the income statement for July 2015.

Sales $10,000

Cost of beverages $4000

Cost of napkins 1000

Rent of cart 1000

Wages 2000 8000

Profit $2000

The cost of beverages and napkins are classified as variable costs.

Required -

a. Calculate the contribution margin ratio.

b. Calculate the break-even sales in dollars.

Reference no: EM132631130

Questions Cloud

Do americans demonstrate good citizen values : Do Americans demonstrate good citizen values: political knowledge, ideology, tolerance, and participation? What is the purpose of public opinion polling?
Give the concept or constraint that has been violated : Give the concept, principle, recognition criteria or constraint that has been violated, if any. Some of these concepts, principles and constraints were present
Voter turnout and participation in elections : Why don't eligible Americans vote? How can we increase voter turnout and participation in elections, in general?
Explain how to conduct the appraisal interview : Discuss the challenges associated with implementing training and development programs. Also, distinguish between mentoring and coaching. What is reverse
Calculate the contribution margin ratio : The Coffe Club sells specialist coffee drinks from a rented cart on the beachside on the Gold Coast. Calculate the contribution margin ratio
Analyze relevant information pertaining to chosen population : Identify the population you chose and analyze relevant information pertaining to the chosen population. Analyze and discuss four mortality and morbidity risk.
Ethical reporting of news about the criminal justice system : Create a foundation for the accurate and ethical reporting of news about the criminal justice system
Find what is the risk-free rate : Mike's Seafood shares is 12.8 per cent. If expected return on the market is 10 per cent and the beta for Mike's Seafood is 1.7, then what is the risk-free rate
Analyze the concepts of patients rights : Analyze the concepts of patients' rights and the overall concerns of physicians and nurses, as they apply to 21st Century American patients

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd