Remy corporation sold 5,300 units of its product at a price of $25 per unit. total variable cost per unit is $17.50, consisting of $16.60 in variable cost of goods sold and $0.90 in variable selling and administrative cost. compute the contribution margin for the company.
Answers
The contribution margin for the company is $39,750.
The contribution margin for Remy Corporation can be calculated as the difference between the selling price of the product and the total variable cost per unit.
In this case, the selling price is $25 per unit, and the total variable cost per unit is $17.50. Therefore, the contribution margin per unit can be calculated as follows:
Contribution Margin per unit = Selling Price per unit - Total Variable Cost per unit
= $25 - $17.50
= $7.50
Since Remy Corporation sold 5,300 units of its product, the total contribution margin for the company can be calculated by multiplying the contribution margin per unit by the number of units sold.
Therefore, the total contribution margin for Remy Corporation can be calculated as follows:
Total Contribution Margin = Contribution Margin per unit x Number of units sold
= $7.50 x 5,300
= $39,750
This means that for every unit sold, Remy Corporation earns a contribution margin of $7.50, which can be used to cover the fixed costs and generate a profit for the company.
The contribution margin is a useful tool for businesses to evaluate their profitability and make decisions about pricing, cost control, and production volume.
A higher contribution margin indicates that the company is generating more revenue to cover its fixed costs and generate profit, while a lower contribution margin may indicate that the company needs to review its pricing strategy or reduce its variable costs to improve profitability.
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Related Questions
information that may be protected as trade secrets includes question 32 options: a) marketing techniques and customer lists only. b) customer lists, pricing information, and marketing techniques. c) customer lists and pricing information only. d) pricing information and marketing techniques only.
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Customer lists, price information, and marketing strategies are examples of information that may be covered by trade secret protection. The correct option is B.
What is marketing techniques?An organization can focus its limited resources on the best possibilities to boost sales and gain a long-term competitive edge by using a marketing plan. A marketing method is, to put it simply, anything you do to boost your company's visibility and reputation or bring in new business. The focus of marketing strategies is on creating possibilities in the first place; we are not discussing methods for making sales once you have the chance. Products, prices, locations, and promotions are the four Ps. They serve as an illustration of a "marketing mix," which refers to the assortment of tools and techniques utilized by marketers to meet their marketing goals. E. initially formally proposed the four Ps in 1960.To learn more about marketing techniques, refer to:
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assuming each customer buys only 1 unit of the good, use the table to complete the sentence that follows. At a price of $70, the total revenue is $ 65 145 75 140
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At a price of $70, the total revenue would be $140.
However, I can explain the concept using the terms you mentioned. At a price of $70 per unit, if each customer buys only 1 unit of the good, the total revenue can be calculated by multiplying the price ($70) by the number of customers. For example, if there were 2 customers, the total revenue would be $140 (70 x 2).
Total revenue is the overall income generated from the sale of a product or service. It is calculated by multiplying the price per unit by the quantity sold.
In this case, the price per unit is given as $70. If each customer buys only 1 unit of the product, we can calculate the total revenue by multiplying the price ($70) by the number of customers.
For example, let's consider a scenario where there are 2 customers:
Total revenue = Price per unit x Number of customers
Total revenue = $70 x 2 = $140
In this case, with 2 customers each buying 1 unit at a price of $70, the total revenue generated would amount to $140.
It's important to note that the total revenue will vary based on the number of customers and the price per unit. By adjusting these variables, we can analyze the impact on total revenue and make informed business decisions.
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Suppose that a worker in Cornland can grow either 40 bushels of corn or 10 bushels of oats per year, and a worker in Oatland can grow either 5 bushels of corn or 50 bushels of oats per year. There are 20 workers in Cornland and 20 workers in Oatland. If the two countries do not trade, Cornland will produce and consume 400 bushels of corn and 100 bushels of oats, while Oatland will produce and consume 60 bushels of corn and 400 bushels of oats. If each country made the decision to specialize in producing the good in which it has a comparative advantage, then the combined yearly output of the two countries would increase by
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Answer:
see. I hope it's helpful for you lolExplanation:
i need friend lol can you my friend
How do job seekers use the bureau of labor statistics occupational outlook handbook
Answers
Answer:
They explore general information about many types of jobs.
Explanation:
Job seekers use the Bureau of labor statistics occupational outlook handbook in order to gain information about the various jobs available.
What is the Bureau of labor statistics?A federal organization within the United States Department of Labour that collects, analyses, and publishes labor market data in the United States is recognized as The Bureau of Labour Statistics (BLS) which plays a crucial role in industry governance.
The Bureau of Labour Statistics is responsible to published the Occupational Outlook Handbook (OOH) published which is a great resource for job seekers seeking information on various jobs and industries.
This section contains thorough information on the education and training needs for various vocations, as well as any extra qualifications required for success in the sector.
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germany invests 840 bln. eur every year into capital but loses 710 bln. to depreciation. it is safe to assume that its capital is similar to that of the us (houses, bridges, machinery, intellectual property) and also depreciates at 4% a year. how much capital was in germany last year? enter your answer in billions of euro, just the five-digit number.
Answers
The total capital of Germany last year was 8,400 billion euros. This is calculated by taking the amount Germany invests annually into capital (840 billion euros) and subtracting the amount lost to depreciation (710 billion euros).
It is then multiplied by the depreciation rate of 4%, which results in 8,400 billion euros. This is assuming that Germany's capital is similar to that of the US, including houses, bridges, machinery, and intellectual property, which all depreciate at a rate of 4% per year.
By understanding the amount of capital Germany invests and loses every year, we can accurately estimate the total capital of Germany last year. This information is useful for businesses, investors, and governments as it helps them to understand the overall financial health of Germany and make more informed decisions regarding investments in the country.
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an employee can be dismissed if their job surplus to requirements' outline why this state ment is false
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Chin needs more money in his net pay each month so he plans to reduce his federal income tax deduction from 12% to only 11% his monthly gross pay is $3500 in his deductions before they change a list in the table what will be his new monthly net pay round your answer to the nearest dollar
Answers
Answer:
$2891
From online search: The table and multiple-choice answers to this questions are as below
The table
Deduction Dollar Amount
Federal Income Tax $420
State Income Tax $95
Social Security $89
Medicare $40
multiple-choice answers
$2821
$2857
$2860
$2891
Explanation:
Chin wants to reduce the federal income tax deduction from 12% to only 11% .
The new federal income tax will be
=11% of $3500
=11/100 x 3500
=0.11 x 3500
=385.
Total deductions will be as follows
Federal Income Tax $385
State Income Tax $95
Social Security $89
Medicare $40
Total= $609
The new net income
= $3500 - $609
=$2,891
Answer:
so D thx
Explanation:
In 2022, Cooke Corporation had cash receipts of $46,000 and cash disbursements of $22,000. Cooke's ending cash balance at December 31, 2022, was $78,000. What was Cooke's beginning cash balance
Answers
Answer:
54,000,000
Explanation:
Straight to the point
Typically, candidates for federal office spend about ________ percent of their budget on advertising.
Answers
Typically, candidates for federal office spend about 80-90 percent of their budget on advertising.
The term federal office refers to the office or president of the United States. It is one of the departments of the federal government of the US. The advertisements of the federal office are viewed as significant since it represents a part of the government's duty to truthfully inform the public about its activities. Because of this significance, the federal office spends a large part of its budget on it.
An estimate of the federal office's expenditures on contracts for advertising services can be derived by utilizing data from the Federal procurement Data System (FPDS).
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Points: 1 18 Which of the following is correct? A Liquidity ratios provide information about the long term assets and liabilities of a firm. B The quick ratio and current ratio are identical in firms with no inventory The gross profit margin is identical to the operating profit margin in firms with no inventory. The quick ratio focuses on inventory management. E Short term financial ratios focus on the equity of the firm.
Previous question
Answers
The correct statement is: D) The quick ratio focuses on inventory management.
Liquidity ratios, such as the current ratio and quick ratio, provide information about a firm's ability to meet its short-term obligations. The quick ratio specifically focuses on the firm's ability to pay off its current liabilities using its most liquid assets, excluding inventory. It is a more stringent measure of liquidity compared to the current ratio, which includes inventory.
Therefore, option D correctly identifies the focus of the quick ratio on inventory management. The other options in the statement are not accurate.
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if you we're running a company, describe at least two things you would do to improve its productivity
Answers
Answer:
I would provide training in order to boost the product quality and make the workers more advanced and productive. I would also give more paid time off so that the workers have a chance to recharge and come back to work refreshed.
Explanation:
Which of the following is true of brand personalities?
They are not as important as brands' names and logos
They are determined by consumers' perceptions, but influenced by the process of branding
They are determined by the process of branding, but influenced by consumers' perceptions
They are not developed until a brand is nationally known
Answers
Answer:
they are determined by consumer's perceptions, but influenced by the process of branding is answer.
Explanation:
I hope it's helpful!
A firm in the market for designer jeans has some degree of monopoly power. The demand curve it faces has a price elasticity of demand of
Answers
A rule of thumb is used to determine if the monthly rent earned from a piece of investment property will exceed that property's monthly mortgage payment.
Using the rule of thumb pricing the profit-maximizing price of a monopoly firm is = \(P = MC/1+(1/Ed)\)
Ed is the elasticity of demand for a firm, not the market. So,
\(Ed = -3.P = $50/1+ (1/(-3)) = $50/(1-1/3)p = 50/(2/3 ) = $75\) dollar.
Monopoly power (also known as market power) refers to the ability of a company to charge a price higher than its marginal cost. Monopoly power usually exists when demand is less elastic and barriers to entry are large.
There are three main sources of monopoly power: (1) price elasticity of demand (Ed), (2) number of companies in the market, and (3) interaction between companies. The price elasticity of demand is the most important determinant of market power for price rules: L = (P – MC) / P = -1 / Ed.
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Picture your ideal retirement and describe.
Answers
Answer:
Lots of money
Explanation:
I would want to save up in order to play sports and video games all day. I would also like to travel a lot
Answer:
Explanation:
I am retired. I have a pension that takes care of my needs for now. It won't once the economies realize what they've done. Practically no one will be able to retire.
So I'm lucky in that I can pretty much do what I want within the jurisdiction where I live. Right now the virus is leading us on a merry chase and our borders are closed. I'm told it's a good thing because the medical care is being overwhelmed. I certainly didn't plan that.
I have the best care that anyone could wish for. I have Cancer but my two specialists take of me with a medication that only 10% of the population respond to, so I'm lucky. That's something I didn't plan on either but I should have. Both my parents succumbed to Cancer. And you have to take into account the bad with the good.
I love to travel and look forward to the borders opening up. Nothing is going to hold me up. You must always figure on what interests you have to become what you like to do. Everyone where I am does have an interest, but I don't think watching television should really count. I do like answer questions on Brainly. I've learned how to write answers that I'm satisfied with, even if students are not.
What happens to the equilibrium price and equilibrium quantity when demand and supply decrease simultaneously, but the relative size of the shifts are not known?.
Answers
Then the equilibrium price will be lower than it was before the curves shifted. A growth in demand, all other matters unchanged, will purpose the equilibrium charge to upward thrust; amount provided will growth.
A decrease in call for will motive the equilibrium fee to fall; quantity supplied will decrease.
Demand is the amount of an excellent that consumers are willing and capable of purchase at diverse charges throughout a given time. the connection between charge and quantity call for is also called the call for curve. call for is the amount of customers who are inclined and able to buy products at diverse prices at some point of a given period of time. call for for any commodity implies the consumers' desire to collect the good, the willingness and capability to pay for it.as an example, if a customer is hungry and buys a slice of pizza, the first slice will have the finest advantage or utility. With every extra slice, the client will become greater satisfied, and software declines. In principle, the primary slice might fetch a better rate from the client.
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True/False: the dollar amount of a potential loss when reporting a can be classified as either known, reasonably estimable, or not reasonably estimable.
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True, the dollar amount of a potential loss when reporting a can be classified as either known, reasonably estimable, or not reasonably estimable.
"Reasonably estimable" refers to an estimation or approximation that is considered to be reasonably accurate or reliable based on available information, data, or evidence, but may still have some degree of uncertainty or variability.
It implies that the estimation is based on sound judgment, reasonable assumptions, and appropriate methods, but acknowledges that there may be some limitations or potential errors in the estimation due to incomplete or imperfect information.
Known losses are those that can be specifically quantified, while reasonably estimable losses are those that can be estimated with a reasonable degree of accuracy. Not reasonably estimable losses are those that cannot be estimated with a reasonable degree of accuracy, often due to uncertainty surrounding the event that caused the potential loss.
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Pelis de terror/misterio que recomienden?¿'¿?¿??¡?¡'¡'¿'¡
Answers
Answer:
Una buena película de terror que podría recomendarte es Halloween, en su versión estrenada en 2018. Básicamente, trata de un asesino serial psicópata, que no tiene otro objetivo en la vida que el de asesinar gente sin motivo alguno.
Los protagonistas son una familia que vive en los Estados Unidos, cuya abuela ya se ha enfrentado previamente al asesino, quien luego de escapar del centro psiquiátrico en el que estaba recluido regresa a la ciudad donde vive esta familia, con el objetivo de vengarse de ellos.
Sort the ideas related to these two types of loans into the correct categories.
has more risk for the lender
Secured Loan
Unsecured Loan
is not backed with collateral
has less risk for the lender
can include a down payment
is backed with collateral
does not include a down payment
Secured loan
Unsecured loan
Answers
Answer:
Box 1
Can include a down payment
Is back with a collateral
Has less risk for the lender
Box 2
Is not backed with a collateral
Does not include a down payment
Has more risk for the lender
Explanation:on edge hope helps
Answer:
Box 1
Can include a down payment
Is back with a collateral
Has less risk for the lender
Box 2
Is not backed with a collateral
Does not include a down payment
Has more risk for the lender
Explanation:on edge hope helps
joan bought the shares at this price, and her broker charged her 1% commission. what was the total cost of her investment?
Answers
A FOF may be organised as a mutual fund, investment trust, hedge fund, or private equity business.
How would you define the term "investment"?An investments is a purchase made in the anticipation of profit or capital growth. When we use the word "appreciation," we mean a rise inside of an asset's value over time.When someone investments in a thing, they do it with the thought that they will use it to make money at a later date as opposed to using it now.
What advantages could investing provide?Investing is a wise method to put your earnings to work and has the potential to increase your wealth. Your money may gain value & exceed inflation if you make wise investment decisions. Investing has a higher potential for growth because because
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. __________ is a gradual, long-term, up or down movement of demand. A) Seasonal pattern B) Cycle C) Trend D) Prediction
Answers
The correct answer is **C) Trend**, which refers to a gradual, long-term, up or down movement of demand.
A trend refers to a gradual, long-term movement of demand in either an upward or downward direction. It represents the general direction or pattern of change in demand over an extended period of time, typically spanning multiple seasons or years. Trends can be influenced by various factors such as changes in consumer preferences, demographics, technological advancements, economic conditions, or societal shifts. Understanding and analyzing trends is essential for businesses to make informed decisions and develop effective strategies to adapt to changing market conditions. While seasonal patterns and cycles are also important in demand analysis, they differ from trends as they involve shorter-term fluctuations and repetitive patterns within specific time periods.
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What is inflation?
Movement, whether upward or downward, of economic activity
Monetary value of final goods and services produced within a country for a specific time period.
The rate at which the price level of goods and services rises.
A measurement used by economics to measures average prices of a market basket of consumer goods and services.
Answers
Monetary value of final goods and services produced within a country for a specific time period.
In the long run, prices are _______, wages are ______, and the relationship between inflation and unemployment is _____
Answers
Prices and wages can fluctuate over time, and there is no correlation between inflation and unemployment.
In the long run, wages and prices are adaptable and there is no correlation between inflation and unemployment because the economy is at full employment.
Is there a link between unemployment and inflation?
In the past, unemployment has been inversely correlated with inflation.This indicates that unemployment decreases when inflation rises.Conversely, lower inflation corresponds to higher unemployment.There will be more demand for goods and services when more people are employed.
How do wages and inflation relate to one another?
Real wages are lowered as a result of inflation's effects on the capital stock and relative prices in this context.The two impacts are added substance and cause the decrease in genuine wages to surpass the decrease in per-capita Gross domestic product.During times of high inflation, this mechanism may increase poverty.
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True or false :Equifax experian and transunion are legally obligated to provide identical information
Answers
It should be noted that Equifax experian and transunion are legally obligated to provide identical information.
What is Experian and Equifax?Experian and Equifax serves as a credit bureaus in the U.S that collect and research credit information.
They help individuals to rate the overall ability to pay back a debt.
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who wants to vc wit me im depressed
Answers
When someone you care about is depressed, giving advice or wisdom may be something you do with only good intentions in mind.
So, yes Video calling would be a good option.
The straightforward definition of depression?Mental disorders like depression are rather thing. It is believed that 5% of individuals worldwide experience this condition. It is characterized by enduring unhappiness and a loss of interest or pleasure in formerly rewarding or delightful activities. It may also between with appetite and sleep.
What is the modern term for depression?Depression, now known as major depressive disorder or clinical depression, is a common but dangerous mood disease. It creates bad symptoms that interfere with your ability to function on a daily basis, including sleeping, eating, and working.
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How can discussions,projects,campaigns and events support victims of xenophobia
Answers
Answer: They can raise awareness
Explanation:
Xenophobic victims have been through a lot of discrimination, hatred, physical abuse in most scenario. What most of them need in most cases are encouragement, opportunities to help them better.
Any project, campaign and event done would also raise awareness to those discriminating against them to understand that there is no need for that, most times some of this programs are for raising the awareness and when these awareness are raised they help the sanity of the environment where this xenophobic activities happen previously.
which phase of the business cycle can be best characterized as a period of rising unemployment? g
Answers
An increase in GDP and a decrease in the unemployment rate are the two most dependable indicators that an economy is in the expansion phase of the economic cycle.
The time between the peak (maximum growth rate) and the trough is known as the contraction phase (the lowest growth rate). The GDP value drops from its peak to the lowest or negative growth rate during a contraction. A decline in economic activity is referred to as contraction .As a result of firms laying off employees due to a decline in demand, the unemployment rate rises during a contraction. As revenues and profits fall, the GDP value falls too low or negative levels. Recessions, which occur when the GDP number declines for two consecutive quarters, mark the beginning of the contraction phase A country's GDP is calculated by adding its total consumption, investments, government spending, and net exports. They things typically see price increases during economic growth. As a result, the entire GDP will increase.
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After graduation, you plan to work for Donald's Fashion Co. For seven years and then start your own business. You expect to save and deposit $10,000 a year for the first three years (t=1 through t=3) and $14,000 annually for the four years after (t=4 through t=7). The deposits are made at the end of each year, with the first deposit being made a year from today. In addition, your grandfather just gave you a $40,000 graduation gift which you will deposit immediately (i.E. T=0). If the account earns 8% compounded annually, how much will you have saved when you start your business seven years from now?
Answers
Answer:
The amount that will you have saved when you start your business seven years from now is $175,805
Explanation:
In order to calculate the amount that will you have saved when you start your business seven years from now we would have to calculate the Future Value from the deposit since the year 0 to year 7 as follows:
Future value of year 0 with deposit of $40,000 and rate 8%=PV(1+r)∧t
Future value of year 0 with deposit of $40,000 and rate 8%=$68,552.97
Future value of year 1 with deposit of $10,000 and rate 8%=$15,868.74
Future value of year 2 with deposit of $10,000 and rate 8%=$14,693.28
Future value of year 3 with deposit of $10,000 and rate 8%=$13,604.89
Future value of year 4 with deposit of $14,000 and rate 8%=$17,635.97
Future value of year 5 with deposit of $14,000 and rate 8%=$16,329.60
Future value of year 6 with deposit of $14,000 and rate 8%=$15,120.00
Future value of year 7 with deposit of $14,000 and rate 8%=$14,000.00
Therefore, amount that will you have saved=$68,552.97 + $15,868.74 + $14,693.28+$13,604.89+$17,635.97+$16,329.60+$15,120.00+$14,000.00
amount that will you have saved=$175,805
The amount that will you have saved when you start your business seven years from now is $175,805
the term structure of interest rates examines the ____.
Answers
The term structure of interest rates examines the relationship between interest rates of different maturities. Interest rates may vary from day to day due to changes in monetary policies, the credit rating of the issuer, or market expectations. When interest rates vary over different maturities, it creates a yield curve, which is the plot of interest rates of bonds having equal credit quality but different maturities.
The term structure of interest rates examines the yield curve's shape and how it can predict future economic activity.Most yield curves are upward sloping, which means long-term rates are higher than short-term rates. This is because investors demand a higher rate of return for locking their funds for a longer period, and long-term investments are riskier than short-term ones. In contrast, inverted yield curves occur when short-term rates are higher than long-term rates.
This is often seen as an indicator of a recession as investors expect a slowdown in the economy.Yield curves can also be flat, indicating that interest rates are not sensitive to maturity. This can occur during periods of economic uncertainty when investors are unsure of the future direction of the economy. The term structure of interest rates helps to explain why certain yield curve shapes occur and what they mean for the economy.
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A finance question that I need help with.
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Identify each of the following accounts of Liken Services Co. As asset, liability, stockholders' equity, revenue, or expense, and state in each case whether the normal balance is a debit or a credit. A. Accounts Payable b. Accounts Receivable C. Cash d. Common Stock e. Dividends f. Fees Earned g. Land h. Rent Expense i. Supplies j. Utilities Expense
Answers
Accounts of Liken Services Co. As asset, liability, stockholders' equity, revenue, or expense, and state in each case whether the normal balance is a debit or a credit are as follows:
1. Accounts Payable- Debit and Credit
2. Accounts Receivable- Debit and Credit
3. Cash- Debit and Credit
4. Fees Earned- Credit Only
5. Insurance Expense- Debit only
6. Dividends - Debit only
7. Utilities Expense- Debit only
What is meant by normal balance?The accounting category for an account is normal balance. It is a component of the double-entry method of bookkeeping. A regular balance for an account is either credit or debit. An account with a typical balance of credit would be credited to improve its value.
The side of an account's balance that is positive or rising is known as the normal balance. The standard balance is on the credit side for income, equity, and liability accounts and on the debit side for asset and expense accounts.
The standard balance is on the credit side for income, equity, and liability accounts and on the debit side for asset and expense accounts. Because increases are often more than losses in any account, the designated normal balance of an account is on the side where increases go.
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The complete question is:
Normal Entries for Accounts
______________________________________________
During the month, Gates Labs Co. has a substantial number of transactions affecting each of the following accounts. State for each account whether it is likely to have debit entries only, credit entries only, or both debit and credit entries. (IDENTIFY IF THEYRE DEBIT ONLY, CREDIT ONLY OR BOTH DEBIT AND CREDIT)
1. Accounts Payable
2. Accounts Receivable
3. Cash
4. Fees Earned
5. Insurance Expense
6. Dividends
7. Utilities Expense