Answer:
Company's contribution margin ratio is 70.59%
The contribution margin ratio for Sweet Treats is calculated by subtracting the variable cost per cone from the selling price per cone to get the contribution margin per cone. This is then divided by the selling price per cone to get the Contribution Margin Ratio, which is 70.59%.
To calculate the contribution margin ratio for Sweet Treats, we first need to determine the contribution margin per cone. This is done by subtracting the variable cost per cone ($1.25) from the selling price per cone ($4.25), which gives us a contribution margin of $3.00 per cone.
Then, the Contribution Margin Ratio is calculated by dividing the contribution margin per unit by the selling price per unit. In our case, the selling price per cone is $4.25 and our contribution margin per cone is $3.00. Therefore:
Contribution Margin Ratio = ($3.00/$4.25)×100% = 70.59%.
So, for Sweet Treats, the contribution margin ratio is 70.59%. This means that for each cone sold, 70.59% of the sales price is contributed to covering fixed costs after variable costs have been paid. Once the fixed costs are covered, the remaining amount goes into profit.
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Answer:
The property tax rate is $26.67
Explanation:
In this question, first, we have to compute the net assessed value which is shown below:
= Property value - property tax exemption - homestead exemption - veterans - old age - non profits
= $40,000,000 - $3,000,000 - $1,300,000 - $700,000 - $5,000,000
= $30,000,000
Now the property tax equals to
= (estimated property taxes) ÷ (Net assessed value) × 1000
= ($800,000 ÷ $30,000,000) × 1000
= $26.67
B.the balance sheet at the beginning of Year 4 would show $5,000 of accrued salaries payable.
C.the income statement for Year 3 would show $5,000 of accrued salaries payable.
D.the income statement for Year 4 would show $5,000 of accrued salaries expense.
Answer:
B.the balance sheet at the beginning of Year 4 would show $5,000 of accrued salaries payable.
Explanation:
The adjusting entry to record the accrued salaries as at December 31, Year 3 of the Snack, Ince. are as follows:
Debit Credit
Accrued salaries expense $5,000
Accrued salaries payable $5,000
Based on the above discussion, the answer shall be B.the balance sheet at the beginning of Year 4 would show $5,000 of accrued salaries payable.
The balance sheet at the beginning of Year 4 would show $5,000 of accrued salaries payable.
The correct answer is option B: the balance sheet at the beginning of Year 4 would show $5,000 of accrued salaries payable. Accrued salaries are salaries that have been earned by employees but not yet paid. When Snack, Inc. adjusts its records to recognize $5,000 of accrued salaries, it means that they are acknowledging the salaries that have been earned but not yet paid. On the balance sheet, accrued salaries payable is recorded as a liability, representing the amount that the company owes to its employees for the salaries they have earned but have not yet received. Therefore, the balance sheet at the beginning of Year 4 would show $5,000 of accrued salaries payable.
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Available Options Are:
A. Revoked, subject to reinstatement after 30 days.
B. Not affected by the suspension
C. Automatically suspended
D. Placed on inactive status
Answer:
D. Placed on inactive status
Explanation:
The reason is that James was jointly responsible for the actions of his broker-associates and salesperson because they were working under his supervision and that's why now as the license of James has been suspended for 2 years, James is no more jointly accountable for the actions of his associates and salesperson. Hence the licenses of associates and salesperson will be placed on inactive status. To reactive they will have to affiliate themselves to a broker who possesses an active license.
Answer:
The correct answer is letter "B": Make the customers less sensitive to the price.
Explanation:
There are several reasons that could make products become elastic or inelastic. Reputation typically makes goods and services be considered inelastic. These types of products do not see a change in their quantity demanded in front of changes in price.
Thus, if a Swiss watch company promotes their history of superior craftsmanship is attempting to aware consumers about its watch quality and reputation so if they decide to increase prices consumers will be less sensitive to the change.
Question options :
Increase MTBF by 2000
Reposition Cake to make it even smaller and higher performing
Increase the promotion budget to gain greater awareness
Lower the selling price since it is the second most important buying criteria
Answer:
Increase the promotion budget to gain greater awareness
Explanation:
In this case, some managers might consider reducing price and may be affecting contribution margin in this way(because selling price/profit is reduced and price- variable cost =contribution margin). While price reduction might be a good strategy to compete in the market, it might not be the best option here. in order to increase demand in a case such as this, the manager should consider increasing product awareness so as to reach more potential buyers and increase market share compared to competitors.
Answer:
The correct option is D, eight months for the first payment; six months for the second payment
Explanation:
From the information provided,it is very clear that interest payment would not made until January 1st 2021,which is 8 months after the date of bond issue.
This means that interest due on July 1st 2020 of two months would be paid together with that which becomes due on 1st January 2021 for six months,hence the first interest payment is for 8 months while the next one would the normal six-month cycle.
As a result,it is convincing enough that option D fits the explanation in all respects.