User Account

All Pages

Find what is the contribution margin ratio

Assignment Help Financial Accounting
Reference no: EM132496508

Question 1: Our company sells a product for $150 per unit. Variable costs are $90 per unit and fixed costs are $18,000. The company expects to sell 800 units this year. What is the contribution margin ratio?

Group of answer choices

  • 37.5%
  • 40.0%
  • 60.0%
  • 90.0%

Reference no: EM132496508

Questions Cloud

Estimate a venture terminal value in year five : Estimate a venture's terminal value in year 5 based on the following information: next year's (i.e., year 6) expected cash flow = $26,000
What amount of foreign currency transaction gain or loss : What amount of foreign currency transaction gain or loss would M report on its income statement for 20X5 if Parts I and II of this problem.
Discuss the best option between aspe and ifrs : which allow TWS to complete IPO in the near future. Please discuss the best option between ASPE and IFRS. Recommends appropriate accounting policies
Lenses of social science and natural science : How to critically analyze obesity through the lenses of social science and natural science?
Find what is the contribution margin ratio : Variable costs are $90 per unit and fixed costs are $18,000. The company expects to sell 800 units this year. What is the contribution margin ratio?
Relative advantages and merits of the qualitative approach : What are the relative advantages and merits of the qualitative approach when compared with a quantitative approach and what example can I use
Determine the monthly mortgage payment : Determine the monthly mortgage payment (excluding property taxes and insurance) on a $130,000 mortgage if the sampsons obtain a new 30-year mortgage
Find what the gain or loss on the sale was a : The market value at year-end was $62 per share. The shares were sold subsequent to the year-end for $65 per share. What The gain or loss on the sale was a
What the difference in the required returns for hri and lri : Market falls to 10.5%, and all betas remain constant. After all of these changes, what will be the difference in the required returns for HRI and LRI?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Prepare the general journal entry to record the depreciation

Prepare the general journal entry to record the 2016 depreciation. Assume that the taxi was sold on January I, 2018, for $22,000. Prepare the journal entry for the sale of the taxi in 2018.

  Concerning supplies and the adjustment for supplies

Answer each of the following independent questions concerning supplies and the adjustment for supplies. a) the balance in the supplies account, before adjustment at the end of the year, is 3175$. What is the amount of the adjustment if the amount of ..

  Prepare direct materials budget for musk oil

Three grams of musk oil are required for each bottle of Mink Caress, a very popular perfume made by a small company in western Siberia. The cost of the musk oil is $1.50 per gram. Prepare a direct materials budget for musk oil, by quarter and in tota..

  Make any necessary entries on delta products

On January 1, 2012, P & P Products purchased $1,000,000 of the five year, 8% bonds Delta Products in the open market for $960,00. Delta Products is a wholly-owned subsidiary of P & P Products.

  Draw up a trial balance for country furniture

Draw up a trial balance for Country Furniture as at 31 December 1998 and show the figure for capital.-Stock at the beginning of the year was the equivalent of 2 months sales.

  Prepare the journal entry to record the disposition

Cheney Company sold a 20-ton mechanical draw press for $64,400. The old draw press cost $84,600 and had a book value of $59,000. Required: Prepare the journal entry to record the disposition. (If no entry is required for a transaction/event, select "..

  Distinguish between financial accounting and book-keeping

Briefly distinguish between financial accounting and book-keeping and who prepares financial statements and who is responsible for the accounting information contained in the financial statements of an economic entity?

  Prepare the manufacturing overhead budget for the year

Atlanta Company is preparing its manufacturing overhead budget for 2014. Relevant data consist of the following. Units to be produced (by quarters): 10,800, 12,200, 14,300, 16,300. Prepare the manufacturing overhead budget for the year, showing quart..

  Analysis of macroeconomic settings

ACCG350 -GROUP MAJOR ASSIGNMENT INSTRUCTIONS. A clear statement of the company's activities. Analysis of macroeconomic settings, and an assessment of their impacts for the company being value. Students may include analyses of other macro-level factor..

  Q 1 which of the subsequent is not an advantage of

q 1. which of the subsequent is not an advantage of post-audits of capital investments?a. they show whether project

  Describe what you believe to be the appropriate level

Describe what you believe to be the appropriate level of involvement of an accountant in evaluating and selecting an AIS vendor and the AIS itself and tell what are some of the contributions an accountant might offer in this process?

  Estimate both the variable costs per sales dollar

Alden Co.'s monthly sales and cost data for its operation activities of the past year follow. managment wants to use these data to predict future fixed and variable cost. Estimate both the variable costs per sales dollar and the total monthly fixed c..

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