If sales revenue was $24,440 and variable costs were 42 percent, what is the contribution margin?

Question:

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Hospitality Management Accounting

ISBN: 9780471092223

8th Edition

Authors: Martin G Jagels, Michael M Coltman

See More Books

Question Posted: Jun 28, 2024 01:12 AM

See More Questions

Royce corporation sales last year or 260,000 and net income was 23,000. What was the profit margin
Royce corporation sales last year or 260,000 and net income was 23,000. What was the profit margin
Can you help me complete tabs 8 till 18 please You can input the formulas on the cells that way I know how you got the results YZ7742 I SEE THE LIGHT www.cybertext.com, The Book List, Building Blocks...
In Section 36.6 we saw that muons can reach the ground because of time dilation. But how do things appear in the muons reference frame, where the muons half-life is only 1.5 s? How can a muon travel...
Iskender Corporation is a Turkish conglomerate with operations located throughout Europe and the Middle East. The company recently adopted International Financial Reporting Standards and has prepared...
CoalMineCompanybuysanexcavatorfromDigEquipmentInc.CoalMineisunawarethatEquityCredit Companyholdsalienagainsttheexcavator.IfEquityrepossessesthegoods,CoalMinecanrecoverforbreach ofwarrantyfrom a.Dig....
What is the internal rate of return of the Chaotic Industries project from Activity 4.2 ? ( Hint: Remember that you already know the NPV of this project at 15 per cent (from Activity 4.12 ).)
Up. Up and Away is a producer of kites and wind socks. Relevant data on a bottleneck operation in the shop for the upcoming fiscal year are given In the following table: The shop works two shifts per...
what are the two primary activities of the financial manager that are related to the firms balance sheet
You were asked to cater a buffet for 40 people at $15 per person, your variable costs average 75 percent, and fixed costs are $50 per day. Determine your contribution margin and operating income or...
If revenue from a sale was $4,800 and variable costs were $2,304, what is the variable cost percentage?
E 22-2 Multiple choice 1. When a temporary restriction on resources of a nongovernmental not-for-profit entity is met by the incurrence of an expense for the restricted purpose: a The expense is...
Carrie enjoyed observing wildlife in natural habitats. She wanted to be able to hide at a distance but observe wildlife close up in a variety of circumstances. She visited five different shops and...
The operating budget for a certain company shows a net income of $350,000. To achieve this, the company is targeting sales of $637,000, variable costs of $280,280, and fixed costs of $6,720. Compute...
What is the output? for (i=0; i
a) For silicon, if EG decreases by 0.078 eV, by what fraction does n; increase (assume T is constant at 300K)? b) If the temperature rises from 300K to 600K, by what additional fraction does n;...
LOTR (1p) Frodo and Sam need to get to Mordor to destroy the One Ring, but they don't know the exact way. They met a creature called Gollum who claims to know the best way to Mordor. Gollum is...
1. Visit some of these Web sites and evaluate their usefulness to consumers. Recommend some other applications that would enable consumers to find the best gas prices. 2. Why are consumers so...
Construct a 4 x 25 design confounded in two blocks of 16 observations each. Outline the analysis of variance for this design.
Presented below is data from partially completed ledger accounts and additional information for the Channing Manufacturing Company for the year 2 0 2 0 . Account Opening Balance Ending Balance Raw...
5) The LIRRs last dividend was $1.50. The dividend growth rate is expected to be constant at 15% for 3 years, after which dividends are expected to grow at a rate of 6% forever. If LIRRs required...
The use of thermal coal to produce electricity is on the way out. Analysts of Yancoal Australia Ltd. (ASX:YAL) in NSW know this, too. While the last annual dividend was $0.363 per share (paid a few...

If sales revenue was $24,440 and variable costs were 42 percent, what is the contribution margin?

Question:

Step by Step Answer:

Hospitality Management Accounting

Students also viewed these Business questions