Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Nov 18, 2022

If an organizations contribution margin per unit = $160 and their sales price per unit = $200, then the contribution margin ratio= $0.70. O

If an organizations contribution margin per unit = $160 and their sales price per unit = $200, then the contribution margin ratio= $0.70. O True O False

Step by Step Solution

★★★★★

3.54 Rating (151 Votes )

There are 3 Steps involved in it

Step: 1

Answer False Explanation Contribution Margin Rati... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting

Authors: Robert Libby, Patricia Libby, Frank Hodge

9th edition

290-1259222138, 1259222136, 978-1259222139

More Books

Students also viewed these Banking questions

Question

★★★★★

(Inventory) This problem is meant to help you understand the thought behind the elimination entries for intercompany inventory sales, when some the items are sold to outsiders during the year, and...

Answered: 1 week ago

Question

★★★★★

During the current year Dunham Corporation expects to produce 10,000 units and has budgeted the following: net income $300,000; variable costs $1,100,000; and fixed costs $100,000. It has invested...

Answered: 1 week ago

Question

★★★★★

During the current year ended December 31, Rank Company disposed of three different assets. On January I of the current year, prior to their disposal, the asset accounts reflected the following: The...

Answered: 1 week ago

Question

★★★★★

What kind of innovation would an improved electric toothbrush be?

Answered: 1 week ago

Question

★★★★★

Find the limit (if it exists) of each of the following sequences. a) xn = (2 + 3n - 4n2)/(1 - 2n + 3n2) b) xn = (n3 + n - 2)/(2n3 + n - 2) c) xn = 3n + 2 - n d) xn = (4n + 1 - n - 1)/(9n + 1 - n + 2)

Answered: 1 week ago

Question

★★★★★

To the model of U.S.-China trade presented in Section 6.2, add a third country, called Colombia. Suppose that the Colombian economy has 90 million unskilled workers and 60 million skilled workers,...

Answered: 1 week ago

Question

★★★★★

In response to discussion point 1 above, you may have argued that volunteer work is just another form of working. If so, discuss whether and how the principles of scientific management would apply to...

Answered: 1 week ago

Question

★★★★★

Job costing with single direct-cost category, single indirect-cost pool, law firm. Wigan Associates is a recently formed law partnership. Ellery Hanley, the managing partner of Wigan Associates, has...

Answered: 1 week ago

Question

★★★★★

Thomas Kratzer is the purchasing manager for the headquarters of a large insurance company chain with a central inventory operation. Thomas's fastest - moving inventory item has a demand of 5 , 9 0 0...

Answered: 1 week ago

Question

★★★★★

The Springfield School Board has made the decision to close one of its middle schools (sixth, seventh, and eighth grades) at the end of this school year and reassign all of next year's middle school...

Answered: 1 week ago

Question

★★★★★

1.Prepare the journal entries for the transactions above. 2.Prepare Peter's income statement for the year ended 31 December 2018. 3.Prepare Peter's balance sheet at 31 December 2018. The following...

Answered: 1 week ago

Question

★★★★★

Assume you are the manager of a company that has pioneered a new kind of salsa for chicken that has taken the market by storm. The salsa's differentiated appeal has been based on a unique combination...

Answered: 1 week ago

Question

★★★★★

Problem 1. Second Degree price discrimination Suppose all consumers are identical and market demand given by p = 100 -3q. The monopoly's cost function is C(q) = 2q2. (a) Suppose the monopolist cannot...

Answered: 1 week ago

Question

★★★★★

Write a paragraph with an investment advice. Your paragraph should address which investment option they should choose, along with an explanation of why that option is the best choice for them. Your...

Answered: 1 week ago

Question

★★★★★

Consider the following multifactor (APT) model of security returns for a particular stock. Factor Inflation Industrial production Oil prices Factor Beta Factor Risk Premium 0.9 8% 0.5 0.2 11 7 a. If...

Answered: 1 week ago

Question

★★★★★

A Risk Versus Reward Approach to Market Research Case study 1. What are the pros and cons of each of the three options under consideration? 2. Which option do you think will yield the most long-term...

Answered: 1 week ago

Question

★★★★★

1 Complete the following using compound future value. (Use the Table provided.) (Round your answers to the nearest cent.) Amount Interest Time 13 years Principal $ 17.400 Rate 4 % Compounded Annually...

Answered: 1 week ago

Question

★★★★★

Transform the while loop from the previous exercise into an equivalent for loop (make sure it produces the same output).

Answered: 1 week ago

Question

★★★★★

Match each definition with its related term or abbreviation by entering the appropriate letter in the space provided. Term or Abbreviation (1) SEC (2) Audit (3) Sole proprietorship (4) Corporation...

Answered: 1 week ago

Question

★★★★★

Several years ago, Nicole Company issued bonds with a face value of $1,000,000 for $945,000. As a result of declining interest rates, the company has decided to call the bond at a call premium of 5...

Answered: 1 week ago

Question

★★★★★

On January 1 of the current year, Sheena Company purchased 30 percent of the outstanding common stock of Maryn Corporation at a total cost of $485,000. Management intends to hold the stock for the...

Answered: 1 week ago

Question

★★★★★

=+a. Disregarding leap year and assuming that the other 365 days are equally likely, what is the probability that three randomly selected births all occur on March 11? Be sure to indicate what, if...

Answered: 1 week ago

Question

★★★★★

=+d. Explain how you would use the information in part (c) to calculate the probability of a common birth date.

Answered: 1 week ago

Question

★★★★★

=+b. What is Pd(2c ) when 5 4?

Answered: 1 week ago

Previous Question Next Question