How much is the contribution margin ratio

Assignment Help Accounting Basics
Reference no: EM13520051

Keith Company produces flashv drives for computers, which it sells for $20 each. Each flash drive costs $14 of variable costs to make. During April, 1,000 drives were sold. Fixed costs for March were $2 per unit for a total of $1000 for the month. How much is the contribution margin ratio?

Reference no: EM13520051

Questions Cloud

Find in which direction will any induced current flow : A rectangular loop of wire with sides 0.20 and 0.35 m lies in a plane perpendicular to a constant magnetic field. Assuming the loop is complete, in which direction will any induced current flow
Evaluate the ph during the titration hbr with koh : Calculate the pH during the titration of 20.0 mL of 0.25 M HBr with 0.25 M KOH after 19.90 mL of the base have been added.
Platos divided line analogy and platos cave analogy : What are some of the similarities between Plato's Divided Line analogy and Plato's Cave analogy? Discusses Wollstonecraft's arguments for women's rights. Are they persuasive? Why or why not?
Find where is the new image located as measured from mirror : An object placed 14.9 cm from a concave mirror produces a real image 12.3 cm from the mirror. where is the new image located as measured from the mirror
How much is the contribution margin ratio : How much is the contribution margin ratio - Keith Company produces flashv drives for computers, which it sells for $20 each.
Compute the change in the price of a five-year : 1. How do you compute the change in the price of a five-year (until maturity) $1,000 face value zero-coupon bond that currently yields 7% when expected inflation increases from 3% to 4%?
Estimate how far is the object from the mirror : If a virtual image is formed 10.0 cm along the principal axis from a convex mirror of focal length -15.0 cm, how far is the object from the mirror
Explain dry ice is solid carbon dioxide : Dry ice is solid carbon dioxide. A 0.149 g sample of dry ice is placed in an evacuated 4.77 L vessel at 26.0 degree C. calculate the pressure inside the vessel after all the dry ice has been converted to CO2 gas
Evaluate the strength of the magnetic field : A circular loop of radius 11.5 cm is placed in a uniform magnetic field. what is the strength of the magnetic field

Reviews

Write a Review

Accounting Basics Questions & Answers

  Benefits of decision tree plan

In your own words, what are the benefits of a decision tree plan that displays decision alternatives? As it is, there are expected values of decision alternatives As I understand it, it is beneficial for decision analysis problems.

  Determine the steps in systems development life cycle

what are the steps in the systems development life cycle? which step is most important? why? what are the ramifications

  When a credit customer returns merchandise to the seller

when a credit customer returns merchandise to the seller under a perpetual inventory system the seller would debit

  Determining bonds and interest expense

The issuance price of a bond does not depend on the-Which of the following is true of a premium on bonds payable?

  Present value of the investment opportunity

The expected life and salvage value each are four years and $15,000 respectively. Lake Shuttle has an average cost of capital of 14%. A. Calculate the net present value of the investment opportunity.

  Indicating appropriate income tax allocation

Develop a memo to Texaco Inc’s chief accountant indicating the appropriate income tax allocation required for the above items, comprising the appropriate balance sheet presentation.

  Universal solutions division residual income

In November, the Universal Solutions Division of Keaffaber Corporation had average operating assets of $480,000 and net operating income of $46,200. The company uses residual income, with a minimum required rate of return of 11%,

  Examine joes and sallys strategies by drawing the profit

joe finance has just purchased a stock index fund currently selling at 1200 per share.to protect against losses joe

  Identify if this requires a modification of or a deviation

One of your audit clients has a material investment in a privately-held biosciences company. Your audit firm engaged a business valuation specialist to assist in evaluating the client's estimation of the investment's fair value. You conclude that ..

  What effect will the return of merchandise to the supplier

What effect will the return of merchandise to the supplier have on the accounting equation?

  Write down a 750- to 1050-word paper in apa format

write a 750- to 1050-word paper in apa format including citations and references summarizing your ideas about internal

  Validity of ratio analysis

Suppose Barry had doubled its sales as well as its inventories, accounts receivable, and common equity during 2004. How would that information affect the validity of your ratio analysis?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd