User Account

All Pages

What is his contribution margin per unit of sale

Assignment Help Accounting Basics
Reference no: EM133109686

Question - Dana Wright operates an airport limousine service. He owns the limo and does his own driving. He values his driving time at $25 per hour. He pays a commission fee of $10 to the person who brings him the business. A trip to the airport takes three hours and uses $25 worth of gasoline. If Dana charges each customer $200, what is his contribution margin per unit of sale? How much does Dana make on each trip as a driver? As the owner of the business? Show your math.

Reference no: EM133109686

Questions Cloud

What is the mortgage payment : Jashanpreet has recently moved to Canada and now intends t acquire his own home. His budget is 900,000 and he wants to lock in a 30-year mortgage because it wil
Prepare a statement of stockholders equity : Retained earnings, January 31, 2015 $130,570. Prepare a statement of stockholders' equity for 2016 for Zingles. All amounts are in millions
What is the yield of this zero-coupon bond : Suppose that the zero-coupon bond price associated with 4-years is 0.80, that is to say D4=0.80. What is the yield of this zero-coupon bond, y4?
What is the lower bound for the price : What is the lower bound for the price of a 6 month American put option on a stock when the stock price is $15, the strike price is $20, the continuously compoun
What is his contribution margin per unit of sale : A trip to the airport takes three hours and uses $25 worth of gasoline. If Dana charges each customer $200, what is his contribution margin per unit of sale
Explain the value-added tax : In Chapter 21, we introduced value-added tax (VAT).
Cost of common equity : Berlioz inc. is trying to estimate its cost of common equity, and it has the following information. The first has a beta of .90, the tax before cost of firms de
Determine amount of overhead assigned to wool product line : Determine the amount of overhead assigned to the wool product line and the cotton product line using activity-based costing
Example of a cost : Which of the following constitutes an example of a cost, which is incremental cash flow, and therefore relevant in an accept/reject decision for capital budgeti

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