FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Hollis Industries produces flash drives for computers, which it sells for $20 each. Each flash drive costs $13 of variable costs to make. During April,

Hollis Industries produces flash drives for computers, which it sells for $20 each. Each flash drive costs $13 of variable costs to make. During April, 1,000 drives were sold. Fixed costs for March were $2 per unit for a total of $1,000 for the month. How much is the contribution margin ratio?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

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

blur-text-image

Step: 3

blur-text-image

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 Information for Decisions

Financial Accounting Information for Decisions

Authors: John Wild

7th edition

78025893, 978-0078025891

More Books

Students also viewed these Accounting questions

Question

★★★★★
The number of potential sites for the first-stage test in Exercise 11.66 is quite large and the readings can be expensive. Accordingly, the test is conducted with a sample of 25 observations. Because...

Answered: 1 week ago

Question

★★★★★
=+ Are these elements tangible or intangible?

Answered: 1 week ago

Question

★★★★★
We throw a die and, if the outcome is i, then we toss a coin i times. What is the probability that in these coin tosses, (a) no heads appear? (b) only one face of the coin appears, that is if we toss...

Answered: 1 week ago

Question

★★★★★
Rollins Publishing needs to decide what textbooks from the table at the top of the next column to publish. For each book, the maximum demand, fixed cost of publishing, variable cost, and selling...

Answered: 1 week ago

Question

★★★★★
Today's in class assignment explores optimization of the Rosenbrock function, a standard test case for optimization algorithms. The function is f(x, y) = (a-x)2 + b(y-x2)2 The function has a global...

Answered: 1 week ago

Question

★★★★★
1. (05.01 MC) If a function g(x) is continuous on [a, b] and differentiable on (a, b), which of the following is not necessarily true? (1 point) O g(c) = 0 for some c, such that a

Answered: 1 week ago

Question

★★★★★
Problem 1 Rocco Corporation has a book net worth of P10,380. Long-term debt is P7,500. Net working capital, other than cash, is P2,105. Fixed assets are P15,190. How much cash does the company have?...

Answered: 1 week ago

Question

★★★★★
Tom and Nicky are partners of Syarikat Sharp, a hardware shop. Amy, a regular customer went to Syarikat Sharp to complain about a knife she bought from the shop a week ago. Tom became irritated and...

Answered: 1 week ago

Question

★★★★★
6 In the force integration functional area (FIFA) of __________, the organization and its field maintenance and/or sustainment structure have all required organizational facilities and support...

Answered: 1 week ago

Question

★★★★★
20. A charge of 10 nC is kept at the centre of a square of side 2 m. What would be the potential at the vertices of the square ABCD? Also, find the work done in moving a charge of 5 C from A to C.

Answered: 1 week ago

Question

★★★★★
22. A hollow cylindrical box of length 1 m and area of cross-section 25 cm is placed in a three dimensional co-ordinate system as shown in Fig. 3.63. The electric field in the region is given by...

Answered: 1 week ago

Question

★★★★★
Answer using IRAC Method with relevant case laws and Fiji legislations. Pls Provide references thanks Question 1 The premises of Babasiga Ltd are often in a dangerous state. Last week, two people...

Answered: 1 week ago

Question

★★★★★
5. Think through your own way of representing the world. What is your main pattern: Visually, verbally, emotions, smells, tastes?

Answered: 1 week ago

Question

★★★★★
1. Think of a situation in the workplace where you meet a person for the first time, which you know you will have a lot to do with in the future. a. Name three things about yourself that you will try...

Answered: 1 week ago

Question

★★★★★
3. List four points that you think are important to give the individual attention, when he or she is going to sell an argument or an idea to you.

Answered: 1 week ago

Previous Question Next Question