Business, 16.10.2019 22:30 angelteddy033

Dana’s company sells three handcrafted china products: bowls, plates, and cups. the bowls bring in $125,000 in sales, with variable costs of $58,000. the fixed costs for the company amount to $30,000. what are the contribution margin and the contribution margin ratio for the bowls?

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Answer from: isaiahjohnson2594

Contribution margin = $67,000

contribution margin ratio = 0.536

Explanation:

Data provided :

The total sales of bowls = $125,000

Total variable cost for bowls = $58,000

Fixed costs for the company = $30,000

Now,

The contribution margin is given as:

Contribution margin = Total sales - Variable cost

Contribution margin = $125,000 - $58,000 = $67,000

and,

the contribution margin ratio = $\frac{\textup{Contribution margin}}{\textup{Total sales}}$

the contribution margin ratio = $\frac{\$ \textup{67,000}}{\$ \textup{125,000}}$

the contribution margin ratio = 0.536

Answer from: kamkam5791

CONTRIBUTION MARGIN = $67,000

CONTRIBUTION MARGIN RATIO = 53.6%

Explanation:

TO CALCULATE THE CONTRIBUTION MARGIN PER UNIT FOR DANA'S COMPANY, THE FORMULA BELOW IS USED

$\frac{SALES - VARIABLE COST}$

$\frac{$125,000-$58,000}$ = $67,000

TO CALCULATE CONTRIBUTION MARGIN RATIO,

$\frac{SALES - VARIABLE COST}{SALES}\\$ *100%

$\frac{125,000-58,000}{125,000}$ *100% = 53.6%

Answer from: Quest

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.

Answer from: Quest

you have to put the parentheses like this:

$(85-4) \div 9 \times 10$

in fact, you have to perform the operation inside parentheses first, and then proceed in order:

$81 \div 9 \times 10 = 9 \times 10 = 90$

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Dana’s company sells three handcrafted china products: bowls, plates, and cups. the bowls bring in...

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