Given sales of $1,452,000, variable expenses of $958,320 and fixed expenses of $354,000, the contribution margin ratio is ______

Answers

Answer 1

Answer:

34%

Explanation:

( ($1,452,000 - $958,320) ÷ $1,452,000 = 34% )


Related Questions

Andrea is an accountant who lives in the state of Texas. Which tax is she not responsible to pay?.

Answers

In the states of texas, Andrea is not responsible to pay the inheritance tax as there are no applicability of inheritance tax in texas.

What do you mean by tax?

Tax is an obligatory payment made by the citizens or corporations to the government. These taxes are the major sources of revenue for the government.

As Andrea works as an accountant and lives in Texas, she is exempt from paying the inheritance taxes as this tax is repealed by the state.

Thus, Andrea is not responsible to pay inheritance tax.

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With an adjustable rate mortgage, if the rate of inflation jumps, then the nominal rate on the mortgage will

Answers

Answer:

rise, since it is adjustable and there is inflation.

Explanation:

Which of these is a consumer right recognized by the united nations? a. right to equality b. right to openness c. right to education d. right to collaboration

Answers

Consumer's right means information about the products or services to a consumer. The WHO recognized the right to education as a consumer right.

What are consumer rights?

It means a consumer right to information about the products or services quality, quantity, purity, price and standard. The consumer has the right to be protected against unfair trade practices.

US President John F Kennedy in 1962 declared 15 April as World Consumer Rights Day and recognizes basic consumer rights such as right to safety; to be informed; to choose and to be heard. So option c right to education is recognized by WHO as a consumer right.

Therefore, option c right to education aptly describes the statement.

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Answer:

C. Right to education

Explanation:

Handshakes should be:
O firm
o loose
O repeated
o accompanied by eye contact

Answers

Accompanied by eye contact

Answer:

firm

Explanation:

By drastically reducing inventories, manufacturers can increase the utilization of more floor space. This is an example of a

Answers

Drastically reducing inventories to help manufacturers increase the utilization of more floor space is an example of B. a just-in-time (JIT) inventory system.

What is a Just-inTime inventory system?

A Just-in-Time inventory system is inventory management that ensures that raw materials for production arrive as needed.

With a Just-in-Time system, inventory arrives as production is scheduled to begin.

The purpose of a Just-in-Time system is to reduce inventory on hand to the minimum just to meet demand.

A. a merchandising inventory system.

B. a just-in-time (JIT) inventory system.

C. a finished goods inventory system.

D. determining inventory quantities.

Thus, reducing inventories to help manufacturers increase the utilization of more floor space is an example of B. a just-in-time (JIT) inventory system.

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Now, read a final article about the ita’s goal of creating fair trade. based on what you have learned, why does the ita believe that fair trade is important to us businesses and to the world?

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Answer:

The ITA believes that fair-trade policies allow countries to import and export freely, allowing consumers to save money. It will also create economic opportunities that will help to improve economies in other countries, which could contribute to solving global issues like poverty. To meet these goals, the ITA believes that trade barriers need to be eliminated.

Explanation:

The ITA believes that fair-trade is important to us for the business because that policies allow countries to transport freely and to remove or the various economic problems.

What is ITA?

The full call of ITA is the Industry Training Authority. It is fully owned or governed by the Italian Government through the Ministry of Finance and the Economy.

It will also make economic possibilities that will support to amend economies in another countries.

This type of support could modify to understanding global contents or issues like poverty.

To encounter these destinations or goals, the ITA accepts that trade barriers need to be destructed with the intention of creating the fair trade.

Therefore, the aim of ITA to solve many problems of the economy.

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You run a regression for a stock's return on a market index and find the following Excel output: Multiple R 0. 35 R-Square 0. 12 Adjusted R-Square 0. 02 Standard Error 38. 45 Observations 12 Coefficients Standard Error t-Stat p-Value Intercept 4. 05 15. 44 0. 26 0. 80 Market 1. 32 0. 97 1. 36 0. 10 _______________ % of the variance is explained by this regression

Answers

The percentage of variance that is mewasured in this regression is 12 percent.

What is the variance in a regression analysis?

This value is represented by R² in the excel output. The R squared is a measure of the variance of the dependent variable that is explained using the independent variables.

The R squared is the sample variance of all of the outputs in the regression analysis.

The R squared in the output says 0.12 = 12 percent

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What channel intermediary does not take title to products, but instead brings a seller and buyer together?.

Answers

Answer:

It would be the agent by definition.

Answer:

an agent.

Explanation:

a real estate agent does not physically own the properties, but helps bring in consumers who want to purchase the home.

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Intoxicated but still capable of comprehending the consequences of her actions, cricket signs a contract to sell her phone app design to downloads, inc. This contract is.

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An intoxicated person may lack the mental capacity necessary to contract. Generally, this will require extreme intoxication. If the intoxicated person enters into a contract, she must disaffirm the contract within a reasonable time of regaining capacity and learning of the contract. But most likley in a court of law it will be inadmissable.

Which of the following is a disadvantage associated with scientific advances? a. decreased urbanization b. increased energy efficiency c. increased waste production d. increased renewable resource use

Answers

Answer:

increased waste production

Though development in the scientific advances and technology helped in improving the quality of life still it increases waste production.

What is Science?

Science refers to the organized body of knowledge that depends upon some principles.

Scientific advancements and technology made life better through improvements in communication, transportation, and growth in the economy but the major disadvantage is an increase in the hazardous waste product that is released into the atmosphere including an increase in carbon dioxide emissions, nuclear wastes, etc.

Thus, increased waste production is a major disadvantage.

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If government spending increased by $5 billion and the expenditure multiplier is 3.2, what would be the increase in the real GDP

Answers

The increase in real GDP when government spending increases is $16 billion.

What is the increase in real GDP?

Real GDP is GDP calculated using base year prices. Real GDP has been adjusted for inflation.

Increase in Real GDP = multiplier x increase in government spending

$5 billioin x 3.2 = 16 billion

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By buying a ________ bond, investors may choose to exchange their bond for shares of common stock in the company.

Answers

The type of bond which investors would buy that they may choose to exchange their bond for shares of common stock in the company is known as convertible bonds.

What is a Bond?

This refers to the fixed income investment which is used to show that a loan is taken by either an individual or corporation.

With this in mind, if an investor wants to later exchange their bond for shares of common stock in the company, then they would have to buy convertible bonds,

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An example of an entrepreneur would be someone who opened up a gourmet popcorn store in the local mall. Please select the best answer from the choices provided T F.

Answers

A person who opened up a gourmet popcorn store is a suitable example of an entrepreneur.

What do you mean by Entrepreneur?

An entrepreneur refers to the person who is solely responsible for the success of the business. In other words, an entrepreneur runs a business of his own and runs it profitably.

An entrepreneur who opened up a gourmet popcorn store in a local mall is considered an example of an entrepreneur.

Therefore, the above statement is True.

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At which stage in the product life cycle do sales experience their most rapid increase?.

Answers

Answer:

The growth stage

Explanation:

As product awareness increases, customers are more likely to purchase the item and sales increase. The success of a product in one area can lead to the product being introduced into other market segments.

Bank Reconciliation and Entries

Sunshine Interiors deposits all cash receipts each Wednesday and Friday in a night depository, after banking hours. The data required to reconcile the bank statement as of July 31, 20Y0, have been taken from various documents and records and are reproduced as follows. The sources of the data are printed in capital letters. All checks were written for payments on account.

CASH ACCOUNT:

Balance as of July 1 $ 9,578. 00

CASH RECEIPTS FOR MONTH OF JULY 6,465. 42

DUPLICATE DEPOSIT TICKETS:

Date and amount of each deposit in July:

Date Amount Date Amount Date Amount

July 2 $569. 50 July 12 $580. 70 July 23 $713. 45

5 701. 80 16 600. 10 26 0601. 50

9 819. 24 19 701. 26 31 1,177. 87

CHECKS WRITTEN:

Number and amount of each check issued in July:

Check No. Amount Check No. Amount Check No. Amount

614 $243. 50 621 $309. 50 628 $837. 70

615 350. 10 622 Void 629 329. 90

616 279. 90 623 Void 630 882. 80

617 395. 50 624 707. 01 631 1,081. 56

618 435. 40 625 158. 63 632 325. 40

619 320. 10 626 550. 03 633 310. 08

620 238. 87 627 381. 73 634 241. 71

Total amount of checks issued in July $8,379. 42

BANK RECONCILIATION FOR PRECEDING MONTH:

Sunshine Interiors

Bank Reconciliation

June 30, 20Y0

Cash balance according to bank statement $9,422. 80

Adjustments:

Deposit of June 30 not recorded by bank $780. 80

Outstanding Check No. 580 ($310. 10)

Outstanding Check No. 602 (85. 50)

Outstanding Check No. 612 (92. 50)

Outstanding Check No. 613 (137. 50)

Total adjustments 155. 20

Adjusted balance $9,578. 00

Cash balance according to company's records $9,605. 70

Adjustments:

Bank service charges (27. 70)

Adjusted balance $9,578. 00

JULY BANK STATEMENT.

Required:

1. Prepare a bank reconciliation as of July 31. If errors in recording deposits or checks are discovered, assume that the errors were made by the company. Assume that all deposits are from cash sales.

2. Journalize the necessary entries (a) that increase cash and (b) that decrease cash. The accounts have not been closed.

3. What is the amount of Cash that should appear on the balance sheet as of July 31?

4. Assume that a canceled check for $180 has been incorrectly recorded by the bank as $1,800. Select how the error would be included in a bank reconciliation and how it should be corrected.

Feedback

Set up two sections: one for the bank balance and the other for the company cash account. Determine the effect of the data on each section. Recall that when you are finished, the adjusted balances in the bank and company sections of the reconciliation must be equal. If not, an item has been overlooked or treated in error. Recall that the company's cash account balance is updated for any items in the company section of the bank reconciliation.

5. Errors should be added or deducted from the bank or company section of the reconciliation depending on the nature of the error. If the bank made the error, the bank section would be adjusted. Subtract to obtain the difference between the correct and incorrect amounts. Has the bank overstated or understated the Cash balance in their records?

Answers

If the errors were made by the company, the adjusted bank balance is $11,494 and the adjusted book balance is $11,494.

Bank reconciliation

a. Bank reconciliation statement  July 31, 20Y0

Cash balance according to bank statement $11,601.41

Add deposit not recorded $1,177.87

Total $12,779.28

Less outstanding checks

No.613 $137.5

No.618 $837.7

No.633 $310.08

Total $1,285.28

Adjusted balance $11,494

($12,779.28-$1,285.28)

Bank reconciliation statement  July 31, 20Y0

Cash balance according to company book $7,664

($9,578+$6,465.42-$8,379.42)

Add proceed of note collected:

Principal  $4,000

Interest $160

Add july deposit error $18

Add error in check No.627 $63

Total $4,241

Deductreturn check $375

Service charges $36

Total $411

Adjusted balance $11,494

($7,664+$4,241-$411)

2. Journal entries

Debit Cash $4,241

Credit Notes receivable $4,000

Credit Interest revenue $160

Credit sales $18

Credit Account payable $63

Debit Accounts receivables $375

Debit Miscellaneous expense $36

Credit Cash $411

3. The amount of cash that should appear on the balance sheet as of July 31 is $11,494.

4. The error amount of $1,620 calculated as ($1,800-$180) should be included in the bank statement balance while the cancelled check should as well be corrected by giving the same check to the bank.

Inconclusion If the errors were made by the company, the adjusted bank balance is $11,494 and the adjusted book balance is $11,494.

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A country's gross domestic product for a given time period is the total
market value of
(1 point)
all goods and service produced within the country's
borders
O
all finished goods and services produced within the
country's borders
o
all goods and services produced by the country's
residents
O
all finished goods and services produced by the country's
residents

Answers

A country's gross domestic product for a given time period is the total market value of all finished goods and services produced within the country's borders.

What is the gross domestic product?

Gross domestic product is the sum of all finshed goods and services that is produced in a country within a given period of time.

One of the ways of determing the value of GDP is the expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export

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Answer: D.) all finished goods and services produced within the country's borders.

Explanation:

just took it :)

What property of an object determines how much inertia it has.

Answers

The property of an object that determines how much inertia it has is its mass

Hope that helps!

How do embargoes most negatively affect a domestic market?.

Answers

Explanation:

by depriving domestic producers of needed goods, restricting their ability to trade by helping international producers fill a market void, decreasing domestic trade by preventing domestic producers from trading needed goods with all countries by encouraging international producers to sell new goods for lower prices ..

By prohibiting domestic industries of necessary commodities and limiting their ability to trade, international sanctions have a particularly severe impact on the domestic market.

What are embargoes?

When a government passes an order restricting merchant ships from leaving its ports, the term "embargo" is used. An embargo is a restriction on trade and commerce with one country or state, or a group of related nations, either partially or entirely.

The American economy was effectively halted by Jefferson's Embargo Act, which prohibited trade with any foreign port. The embargo act had an impact on the nation as agricultural prices and income decreased.

Industries connected to shipping suffered greatly. Existing markets suffered damage due to which the economy got damaged and results in Increased unemployment.

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A small network is more effective than a large network.
Please select the best answer from the choices provided
ОТ
OF

Answers

Answer:

is

Explanation:

A small network is more efficient than a huge network is a false claim.

What do you meant by Wide area network?

A telecommunications network that covers a significant amount of ground is called a wide area network (WAN). Often, leased telecommunications circuits are used to construct wide area networks.

Wide area networks are used by businesses, as well as by institutions of higher learning and governmental organizations, to transmit information to personnel, pupils, clients, customers, and suppliers located all over the world. In short, this form of communication makes it possible for a company to efficiently perform its regular tasks wherever it is.

A WAN could be thought of as the Internet. Yet, a lot of WANs are private and were created for a single enterprise. Given that LANs are networks that are physically close together, WANs can be distinguished from them.

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i will give 100 points please help

Answers

To establish and maintain the store’s brand image in the customer’s mind. It provides support for the rest of the retailer’s selling efforts through display.

If a firm cannot invest retained earnings to earn a rate of return the required rate of return on retained earnings, it should return those funds to its stockholders

Answers

As regards this statement on funds being returned to stockholders, this is TRUE.

Why is this statement true?

In theory, the reason why stockholders leave retained earnings with the company they invested in, is because the stockholders cannot find other ways to make the required return.

If the firm is therefore unable to make this required return, they will have to return it to the shareholders who will then find a way to invest in other things to make their required returns.

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After the product is developed the detergent company researches what their
competitors are charging for the product. Which of the 4 P's would this best
describe?
Place
Product
Promotion
Price

Answers

the answer is price

Explanation:

they are making sure who charges what

Answer:

the answer is price

Explanation:

you are welcome

Roosevelt created the fair employment practices commission to.

Answers

Answer:

The Fair Employment Practice Committee was created in 1941 in the United States to implement Executive Order 8802 by President Franklin D. Roosevelt banning discriminatory employment practices by Federal agencies and all unions and companies engaged in war-related work.That was shortly before the United States entered.

Explanation:

hope this helps

Mia puts money into a piggy bank so she can spend it later. What function of money does this illustrate?.

Answers

savings

Explanation:

your are putting your money back and being responsible

Table 1 contains information about the number of new business start-ups in four cities in the UK in 2016.
Using the information in Table 1, calculate, to 2 decimal places, the number of new start-ups in Birmingham as a percentage of the number of new start-ups in London. You are advised to show your workings.

Answers

The number of start-ups in Birningham as a percentage of the start-ups in London is 8.51%.

What are percentages?

Percentage is a measure of frequency. It is the fraction of an amount that is usually expressed as a number out of hundred. The sign used to represent percentages is %.

The number of start-ups in Birningham as a percentage of the start-ups in London = (17473 / 205320) x 100 = 8.51%

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Manipulating someone within an organization to gain access to confidential information is called.

Answers

Answer:

Social Engineering

Explanation:

Social Engineering is the use of centralized planning in an attempt to manage social change and regulate the future development and behavior of a society, a form of sabotage.

________ is a term that denotes the set of assets and liabilities that are linked to a brand and enable it to raise a firm's valuation.

Answers

Brand equity is a term that denotes the set of assets and liabilities that are linked to a brand and enable it to raise a firm's valuation.

Which of the following statements about electronic résumés is false? a. directions for submitting electronic résumés should be followed carefully. b. many companies only use electronically submitted or emailed résumés. c. electronic résumés should be typed in a standard word processing program. d. electronic résumés should be saved in html format. please select the best answer from the choices provided a b c d

Answers

An electronic resume is one that is sent to a potential employer via email. An electronic résumé is used to apply for employment online.

What makes an effective electronic resume?

On an electronic resume might be provided in a distinct keyword section or integrated into the text. All text should be positioned to the left and in a plain typeface. Underlining, bolding, italics, and bullets should be avoided since they can cause problems with older OCR software.

Thus, Option D would be the false statement about electronic resumes.

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Answer:D

Explanation:Electronic résumés should be saved in HTML format. 

The demand function indicates that the quantity of a good consumed depends on:_________.a. the income of buyers b. the price of the good c. the price of inputs d. the effect of the demand shifter

Answers

Answer:

Answers a., b., and c. would all work as valid answers.

The demand function indicates that the quantity of a good consumed depends on The correct option is A. The income of buyers.

The demand function is a mathematical relationship that shows how the quantity of a good demanded depends on the price of the good, the income of buyers, and other factors.

The price of the good is the most important factor that affects demand, but the income of buyers is also a significant factor.

As the income of buyers increases, they tend to demand more goods, including the good in question. This is because they have more money to spend, and they are able to afford to buy more of the good.

The price of inputs is also a factor that can affect demand. If the price of inputs increases, the cost of production increases, and this can lead to an increase in the price of the good. As a result, consumers may demand less of the good.

The effect of the demand shifter is a factor that can change the demand for a good, but it is not a part of the demand function. The demand shifter can be caused by changes in consumer preferences, changes in the price of related goods, or changes in government policy.

So, the answer is (a), the income of buyers.

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A company issues $100,000 of 5%, 10-year bonds dated january 1. The bonds pay interest semiannually on june 30 and december 31 each year. If the bonds are sold at par value, the issuer records the sale with a debit to.

Answers

In a situation were the bonds are sold at par value, the issuer will records the sale with a debit to: Cash $100,000.

Journal entry

Based on the information given if the company issues the amount of  $100,000 of 5%, 10-year bonds in the month of  january  the appropriate journal entry to record this transaction is:

Debit Cash $100,000

Credit Bond payable $100,000

(To record bonds sold at par value)

Inconclusion the issuer will records the sale with a debit to: Cash $100,000.

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A network administrator is measuring the transfer of bits across the company backbone for a mission critical financial application. the administrator notices that the network throughput appears lower than the bandwidth expected. which three factors could influence the differences in throughput? (choose three.) The students were __________ that an accomplished scientist always _____ over the results of an experiment. Which homophones correctly complete the sentence?taught, pourstaught, porestaut, pourstaut, pores A farmer sells 7.7 kilograms of apples and pears at the farmer's market. 14 of this weight is apples, and the rest is pears. How many kilograms of pears did she sell at the farmer's market? The vertices of quadrilateral ABCD are (-6,6),(3,6),(3,-6) and (-3,-3)Quadrilateral EFGH will be a dilation if quadrilateral ABCD with a scale factor of 1/3At what coordinates should point F, of quadrilateral EFGH, be plotted?A. (2,2)B. (1,2)C. (2,1)D. (1,1) Because the government owns most of the urban land and uses it for fire, police, government buildings, parks, and roads, as well as holds zoning and tax violation rights over the rest, the government applies ____________ over urban land. ???1. I wish I ... (know) the answer to the question, but I dont.2. Please, stop sitting at the computer! You ... (play) these computer games since early morning! 3. If I ... (speak) German every day, I would become fluent very quickly.4. Lily ... (pass) her exams if she starts studying now.5. The children ... (go) home when it started to rain.6. Look out! The baby is going ... (drop) your e-book reader in the water!7. Promise me you ... (not spend) all your money on an expensive tablet PC!8. If you ... (heat) water to 100C, it boils.9. If I dont see the film, I ... (be) disappointed. I'm really looking forward to it.10. If the man was innocent, the police ... (release) him. pls help me to answer this If nondisjunction occurs during meiosis I, how many of the daughter cells will have an incorrect number of chromosomes after meiosis I and meiosis II are complete alex earned $ 20.40 in three hours what is the unit rate in dollars per hour You should stop swimming if you...Feel tiredAte breakfastForgot to do your homeworkFeel happy Which inequality represents the number line: what number do u see help please easy points Knowing the slope of activities allows project managers to compare which ____ activities to shorten. Dean Halverson recently read that full-time college students study 20 hours each week. She decides to do a study at her university to see if there is evidence that students study an average of less than 20 hours each week. A random sample of 33 students were asked to keep a diary of their activities over a period of several weeks. It was found that he average number of hours that the 33 students studied each week was 17. 7 hours. The sample standard deviation of 3. 9 hours. Find the p -value. The p -value should be rounded to 4-decimal places 12When I was a child, I______TV every day.a) watchedb) watch The crime rate of a certain city is increasing by exactly 6% each year. If there were 550crimes in the year 1990 and the crime rate remains constant each year, determine the approximate number of crimes in the year 2016. Round to the nearest whole number. 5b-4a+6, when a= 7 and b= 6 10 yes ago the age of father was double than that of his daughter age. if the sum of their age is 50 yes find their present age help me pls thank you