Last month when Holiday Creations, Inc., sold 50,000 units, total sales were $200,000, total variable expenses were $120,000 and total fixed expenses were $65,000.

Required

i. What is the companys contribution margin (CM) ratio?

ii. Estimate the change in the companys net income if it were to increase its total sales by $1,000.

b) What is meant by a products contribution margin ratio? How is this ratio useful in planning busines

The manager of a computer store has kept track of the number of computers sold per day. On the basis of this information, the manager produced the following list of the number of daily sales. (20 Marks) 3 NUMBER OF DAILY SALES PROBABILITY 0.08 0.17 0.26 0.21 0.18 0.10 If we observe the experiment as observing the number of computers sold tomorrow, determine the sample space. Use set notation to define the event, sell more than three computers. What is the probability of selling five computers? What is the probability of selling two, three or five computers? What is the probability of selling six computers? a) b) c) d) e) 4. In a recent census, the number of color televisions per household was recorded Number of color televisions 0 1,218 32,379 237,961 19,387 4 7,714 5 2,842 a) Develop the probability distribution of X, the number of color televisions per household. o) Determine the following probabilities