Ripley co. sold 2,000 units in march at a price of $35 per unit. the variable cost per unit is $20. what is the total contribution margin?

Answers

Answer 1

The total contribution margin is $30,000.

What is contribution margin?A gross or per-unit basis might be used to express the contribution margin. It indicates the additional revenue made for each product or unit sold after the variable element of the business's costs have been subtracted.The selling price per unit less the variable cost per unit is the contribution margin. The metric, also known as dollar contribution per unit, shows how a specific product affects the company's overall earnings.It offers a means of demonstrating the potential for profit of a specific product being offered by a business and displays the percentage of sales that goes toward playing the business fixed costs. Profit is the amount that remains after fixed expenses have been paid.

Given, Selling price per unit, $35 − $20 variable = $15.

contribution margin per unit × 2,000 units sold = $30,000.

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Related Questions

Infrastructure is the foundation necessary to build a city, tourism program, or a sustainable tourism business and includes which elements?

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Infrastructure is the foundation necessary to build a city, tourism program, or sustainable tourism business and includes roads, Water, Sewage, Communication, and stores.

Infrastructure is the set of facilities and systems that serve a country, city, or another area, and encompasses the services and facilities necessary for its economy. The infrastructure of a country, society, or organization consists of basic facilities such as transportation, communications, power supplies, and building.

Basically speaking, infrastructure means "the fundamental facilities and systems that serve an area," although if you're referring strictly to construction, then it would be the beams, foundation, etc.

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Lower-level managers are empowered to make decisions in a ______ organization, which can ________ motivation and job satisfaction.

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Lower- level managers are empowered to make decisions in a decentralized organization, which can increase motivation and job satisfaction.

What is decentralized organisation ?

A company with a decentralized organizational structure is one where mid- and lower-level managers make most of the decisions, rather than the senior management team. Sometimes the employees themselves are even involved in the decision-making process. The opposite of a decentralized organization is a centralized one, where the highest-ranking leaders within the company make all major decisions, and there is a strict decision-making hierarchy. Most companies are not fully decentralized or centralized, having various degrees of both instead.

Some of the main situations where decentralized organization works well include:

When a company has different points of contact with its customers and each requires highly individualized customer service.When an organization has a large number of different store locations and its upper management cannot monitor all of them and make important decisions for them.When the market for a specific product is fast-paced and there is intense competition, so all decisions need to be made as quickly as possible.Where new developments constantly alter the business model, making centralized control less effective.

Centralized organization :

A centralized organization is an organization that has a consolidated management system with decisions made by the top management then trickling down the chain of command to reach the organization's employees. Centralized organizations are distinguished by specific characteristics, which include;

The management has a top-down approach where the subordinates follow orders without question.The organization has a well-established bureaucracy with a distinct chain of command.All the decisions are centrally made, and the opinions of subordinates are hardly considered.

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Jared wants to purchase property. One of the properties his agent shows him was formerly zoned for commercial use. It has a steep drop off at the back of the property, as well as some soft spots and mounds. Should Jared's agent recommend that he have a home inspector investigate it

Answers

The inference is that Jared's agent should recommend that he have a home inspector investigate it.

How to illustrate the information?

From the information given, it was stated that Jared wants to purchase property anf that one of the properties his agent shows him was formerly zoned for commercial use.

Also, it has a steep drop off at the back of the property, and some soft spots and mounds.

Therefore, Jared's agent should recommend that he have a home inspector investigate it. This because the property may have been a waste disposal site.

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Small business owners often struggle in attracting qualified workers. what contributes to this problem?

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Small business owners often struggle in attracting qualified workers because many jobs in small firms have low pay and few benefits.

Small businesses frequently find themselves in a less stable condition than larger organizations, which typically have the adequate cash flow to cover payroll and keep the lights on. Your small firm might not be able to pay its debts if one important client doesn't pay.

In addition, small businesses may require workers who can manage a variety of activities, whereas large organizations can recruit personnel for a single activity.

Furthermore, since change is common in small businesses, you'll probably need people with the right personalities to flourish there. Finding the ideal staff might be difficult because of all of these issues.

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What is the affordable monthly mortgage payment if your yearly gross income is $48,000 and monthly payments on an auto loan are $320?

Answers

The affordable monthly mortgage payment is $1200.

Given,

Maximum monthly payment = 48000/12 *38% = 1520

Allowed for mortgage = 1520-320 = 1200

The answer is $1200

A mortgage payment is normally made of 4 components: major, interest, taxes, and insurance. The most important component is the quantity that will pay down your extraordinary mortgage quantity.

PITI is an acronym for foremost, interest, taxes, and insurance—all of the usual components of a mortgage payment. due to the fact that PITI represents the total monthly loan charge, it facilitates both the buyer and the lender to determine the affordability of an individual mortgage.

Most loans are repaid in parts: principal and interest (P&I). This includes repaying the cash you borrowed in conjunction with interest to the financial institution. but in relation to a mortgage loan, P&I are not your best costs. You furthermore may should pay for home owner's coverage and assets taxes.

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Being promoted is likely to change your priorities because you will have _______. a. to begin dressing and acting much more formally than usual b. new responsibilities to learn and people will expect much from you c. people working under you who need constant supervision d. seen that your family is less important than your work please select the best answer from the choices provided a b c d

Answers

The correct option is b. new responsibilities to learn and people will expect much from you.

Getting promoted is most likely to cause you to reevaluate your priorities as you will have more obligations and higher expectations.

What is job promotion?

Promotion in the context of a career means raising a worker's position or rank within a hierarchical structure. Promotion in the context of marketing denotes a distinct form of advancement.

The term "promotion" is used in a variety of settings; two of the most common ones are when talking to a career promotion and when discussing the marketing strategy of promoting a product.

Some key features of promotion are-

An employee who has demonstrated remarkable performance or who has acquired the required skills and knowledge to take on more responsibility at work is typically given a job promotion. In the latter scenario, the worker might have to put in a certain number of hours with the organization before becoming qualified for a promotion.For instance, a person who starts out as an analyst at an investment bank might need to serve three years in the this capacity before being given consideration for promotion to a coordinate and control. A promotion may come with increased perks and management control over other employees in addition to a pay raise.

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The wood master industries (the manufacturer) has agreed to accept $23,500 at the end of each of the next 4 years. based on this deal, how much interest will grummet pay over the life of the loan?

Answers

Purchase price=$80,000

Total amount to be paid in the next 4 years(including principle and interest amount)=$23,500/year*4 years=$94,000

Total interest grummet will pay over 4 years would be the total amount to be paid in the next 4 years less purchase price(principle), ie.94000-80000=$14,000

In finance and economics, interest is the amount paid by a borrower or deposit-taking financial institution to a lender or depositor in excess of the repayment of the principal at a specified rate. It is different from a fee that a borrower can pay to a lender or a third party. Wikipedia

Interest is the price paid for borrowing money or the cost charged for lending money. Interest is usually given as an annual percentage of the loan amount. This percentage is called the interest rate on the loan. For example, if you deposit money in a savings account, the bank will pay you interest.

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Linda wants to apply for a job in a company of her choice. which information would her potential employers likely review in her social profile? a. comments about her past job and work performance b. hobbies that she enjoys on weekends c. details about her planned vacations d. friends and contacts from her friends list e. photographs uploaded by her

Answers

The correct answer is option (b) hobbies that she enjoys on weekends. All others are irrelevant for the social profile. A resume should only contain the necessary information and not anything irrelevant.

What is a resume? It is a prospective document that contains your personal information like your job experience, educational qualifications etc.. This document is sent to the employer or the firm to which you are applying. A resume must be tailor-made and edited as per the requirements of the employer. It should not be too lengthy and it should be free of any grammatical errors. A resume is sent to the employer before an actual interview as it helps them evaluate if you are an eligible candidate or not. It should be sent in along with a cover letter. Unnecessary language, family achievements, negative areas of life should not be included in the resume and all the information should be true and factual. .

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The goal of _____ analysis is determining what is responsible for the difference between employees’ current and expected levels of performance.

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The goal of gap analysis is determining what is responsible for the difference between employees’ current and expected levels of performance.

A gap analysis is a process which allows different organizations to determine how to acheive their business goals in the best possible way. It compares the current state with an ideal state or goals of the organization, which highlights the  shortcomings and opportunities for improvement.

Many tools are in  existence which helps you in bridging the gap between two . Whichever tool will be chosen by you, visualize and document each step of your gap analysis to keep the organization moving forward.

SWOT analysis is an example of tool used for the gap analysis.

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Identify two forms of business organization.(other than supermarkets and fish) canning) found in the private sector.

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Two forms of business organizations found in the private sector are partnerships and Limited Liability companies or corporations.

What are partnerships and Limited Liability companies?Partnerships have multiple owners at the same time and these owners divide profits and responsibilities amongst themselves. Larger companies may arrange themselves differently to avoid getting sued and face other challenges. LLC organize themselves in a way that they prevent having ties with an individual directly. This implies that any responsibility is over the company itself and not any specific person or people. These companies are taxed differently when compared to other kinds of organizations.Such a structure makes it difficult to track or chase a single person for any liability.

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When a dentist recommends a costly and unnecessary procedure, this is an example of?

Answers

Answer:

Veracity is the right answer.

Adaptive impairment is _____ to diagnosing intellectual disability. unnecessary always necessary sometimes necessary irrelevant

Answers

Adaptive disability is always necessary to diagnose intellectual disability.

What is intellectual disability?

It corresponds to a reduction in mental abilities in individuals, which generally negatively impact learning, decision-making and adaptation to the social environment, such as difficulties in performing routine tasks and socializing with other individuals.

Intellectual disability can begin to manifest itself in childhood, as this is the stage where cognitive development takes place.

Therefore, in the identification of any symptom of intellectual disability, such as communication and learning difficulties, there is a search for specialized medical help, in order to identify the best treatment for achieving a better quality of life.

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Eduardo needs to find information about income and age distribution in dallas county, texas. The best source of secondary research of use to eduardo is likely to be?

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Eduardo needs to find information about income and age distribution in Dallas county, Texas. The best source of secondary research of use to Eduardo is likely to be the US census data.

What is the US census data?

This is the data that is known to be made from the census that is taken in the country to determine the people of the nation that are in the country at that period of time. The census data is known to contain a lot of variables that help to determine the economic well being of that area.

This is secondary source of data. This is due to the fact that the data is already known to be existent in a place. It was not gotten directly by Eduardo in the field.

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As a response to potential bankruptcy, who took over the daily management of flint, mi in 2011?

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As a response to potential bankruptcy, Michael Brown, an emergency manager took over the daily management of flint, in 2011.

The Flint water crisis started with a bankrupt city trying to save money. It ended with the declaration of a federal state of emergency after as many as 8,000 children were exposed to a poisonous element that will have lifelong effects on their brain and nervous systems.

Even before the lead crisis, Flint was struggling. About 40 percent of its residents live in poverty. Gov. Rick Michigan Snyder had appointed Michael Brown   an emergency manager, an unelected official with near-total control over the city's finances, because Flint was near bankruptcy.

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It is efficient to continue an activity as long as the marginal benefit exceeds the marginal cost.

a. true
b. false

Answers

Answer: True

Explanation:

Answer:

The answer is true.

^The person above my answer is correct.

The contact between the breccia and the underlying granite is an example of a(n):____.
a. nonconformity.
b. angular unconformity.
c. disconformity.
d. intrusive contact.
e. fault (tectonic) contact

Answers

Correct option is (b): angular unconformity

The contact between the breccia and the underlying granite is an example of angular unconformity

Breccia is a type of  sedimentary rock which is composed of large angular broken fragments of minerals or rocks cemented together by a fine-grained matrix.

In the Italian language ,Breccia word means "rubble". A breccia may have a variety of different origins, as indicated by the named types including sedimentary breccia, igneous breccia, impact breccia, tectonic breccia and hydrothermal breccia.

Granite is a coarse-grained intrusive igneous rock  which is composed of quartz, alkali feldspar, and plagioclase. It forms from magma with a high content of silica and alkali metal oxides that slowly cools and solidifies underground

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What method(s) can be used to estimate progress toward completion for the purpose of recognizing revenue over time? (select all that apply.)

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Input method and Output method are the two method can be used to estimate progress toward completion for the purpose of recognizing revenue over time.

What is Output method?The Output method measures results as control of easily measurable and observed commodities or services is transferred in comparison to the total estimated outputs needed to execute the contract.It focuses on the direct value transferred to a client. Achieved milestones may be included in the outputs. The contractual power to invoice may occasionally be utilized as a practical shortcut to recognize revenue. Correlating revenue recognition with actual, meaningful contract performance is the goal.

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What should you do if you have one main point that is three times longer than the other two main points combined?

Answers

You must don't forget to make it the subject of your speech, and make your assisting factors your new major points. create a definition along with your major factors at the primary degree and supporting points at the second stage.

The “rule of 3” is based totally on the principle that matters that are available in threes are inherently funnier, extra pleasurable, or greater powerful than another quantity. while utilized in words, both via speech or text, the reader or audience is much more likely to consume the records if it's miles written in threes.

The 3 major factors of a speech:

Speeches are prepared into 3 important components: advent, body, and end.introduction. The introduction of the speech establishes the first, critical contact among the speaker and the target market. body. in the body, the less the primary factors the higher.

        end.

Maximum speeches have to have  to four major factors. a. college students do now not have time in study room speeches to expand more than four predominant factors.

An instance of speech is a communication among two people. An instance of speech is the presidential cope with. (uncountable) The school of uttering articulate sounds or phrases; the capability to talk or to use vocalizations to speak. It turned into tough to pay attention the sounds of his speech over the noise.

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Mary has taxable income of $40,000, with short-term capital gains of $2,500. what will be her capital gains tax rate and tax owed?

Answers

The correct answer is a 22% tax rate with $550 in taxes owed.

Short-term capital gains

Mary has taxable earnings of $40,000 which imply that Mary falls into the tax bracket of capital gains tax of 22% for taxable income between $38,601 and $425,800.

The number of capital gains tax payable is the capital gains itself multiplied by the percentage applicable of 15%, not the entire taxable income since that consisted of other income from other sources aside from capital gains.

22%*$2500=$550

the rationale is that short-term capital gains are taxed at the income tax rate.

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A project has a required return of 12. 6 percent, an initial cash outflow of $42,100, and cash inflows of $16,500 in year 1, $11,700 in year 2, and $10,400 in year 4. what is the net present value?

Answers

Net present value is $11,748.69

Here, We have

PV  = FV / (1+r)^n

r = 12.6%

1. PV = $16,500 x (1+12.6%)^-1 = $14,654

2 PV = $11,700 x (1+12.6%)^-2 = $9,228

3 PV = $10,400 x (1+12.6%)^-4 = $6,470

Year      Cash flow    Present Value

 0          ($42,100)      ($42,100)

 1           $16,500        $14,654

 2          $11,700         $9,228

 4          $10,400        $6,470    

NPV               =           $11,748

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Superior value creation relative to rivals does not necessarily require a firm to have the lowest cost structure in an industry, or to create the most valuable product in the eyes of consumers. True or false?.

Answers

Superior value creation relative to opponents does not usually require a company to have the bottom rate form in an enterprise or to create the maximum precious product in the eyes of customers.

The statement is true.

Superior price introduction relative to opponents would no longer necessarily require a firm to have the lowest fee structure in an industry, or to create the maximum precious product in the eyes of the customers. It does require that the space between cost (V) and value of manufacturing (C) be > the gap attained through competition.

Corporations that pursue a transnational approach are in search of simultaneously gaining low prices thru area economies, economies of scale, and studying effects; differentiate their product providing throughout geographic markets to account for neighborhood differences, and foster a multidirectional float of skills between certainly one of a kind.

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The general consensus in the marketing research industry is that secondary data collection methods are losing their significance.

a. True
b. False

Answers

False. Secondary data collection methods are not  losing their significance. Market research is practice of evaluating  viability of a new service or product by interviewing prospective customers firsthand. Although it is frequently utilized for research papers, secondary data can also be used in marketing.

Market research enables a business to identify target market and obtain consumer comments and other input regarding their interest in good or service. Data that was previously gathered for a purpose other than current investigation is referred to as secondary data. It consists of information that has previously been gathered, usually by another person or group.

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The project team is working on an important and complex project that requires a lot of coordination. under these circumstances, the best strategy is to:____.

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The project team is working on an important and complex project that requires a lot of coordination. Under these circumstances, the best strategy is to business development. Business development is the process of generating long-term value for a company through relationships with clients, markets, and other businesses.

The Firm development can be interpreted to refer to any action made by a small or large organization, a for-profit or non-profit company, that furthers team the goal of 'developing' the business Through Planning Systems, which are put in place by the governments to assist small enterprises, external business the coordination can be facilitated.

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If the fed wants the federal funds rate to be at if1, what quantity of reserves do they need to make available to banks?

Answers

If the fed wants the federal funds rate to be at if1, what quantity of reserves do they need to make available to banks is Qf1.

Given,

referring to the diagram in the image, the fed wants the federal funds rate to be at if1.

The Federal Open Market Committee's (FOMC) target interest rate is referred to as the federal funds rate (FOMC).

The rate at which commercial banks overnight lend and borrow each other's surplus reserves is the aim.

The FOMC, the Federal Reserve System's decision-making body, convenes eight times a year to determine the target federal funds rate, a component of its monetary policy.

This aids in fostering economic expansion.

When the amount of money demanded at the interest supplied, which is Qf1, the reserve fund supply or money supply from the fed curve is vertical at the quantity supplier equilibrium of an interest rate is feasible.

Hence, The Fed will provide Qf1 reserves.

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This division’s invested capital is $4,000,000. how much is the east division’s return on investment?

Answers

The Return On Investment is 6.3%

Return On Investment = Net Operating profit after tax / Invested Capital

Net Operating profit after tax = Operating Income ( 1 - tax rate) = 420000 * (1-0.4) = 252000

Return On Investment = 252000 / 4000000 = 6.3%

Return on investment is a simple ratio that divides the net profit (or loss) from an investment by its cost. Because it is expressed as a percentage, you can compare the effectiveness or profitability of different investment choices.

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It is estimated that it costs about _____ times more money to attract and sell to a new customer than to an existing customer.

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It is estimated that it costs about seven times more money to attract and sell to a new customer than to an existing customer.

An individual who has previously done business with a person, who is the recipient of a voice communication from that person, and who either paid for the goods or services within the 12 months prior to the voice communication or who, due to a prior agreement between the person and the individual, has not paid for the goods and services at the time of the voice communication is considered an existing customer.

An existing customer is someone who has made a purchase from a business, has received a voice communication from that business, and has either paid for the products or services within the previous 12 months or has not done so at the time of the voice message.

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When analyzing demand and supply curves for an individual good, the vertical axis measures the?

Answers

The vertical axis on the demand and supply curves for an individual good measures the price in dollars.

What is a demand and supply curves?

In economics, the Demand and supply can be plotted as curves and the point at which the two curves meet is known as the market quantity supplied.

On the curve, the horizontal axis measures quantity in units and the vertical axis measures price in dollars.

As, the demand curve is a downward-sloping and the supply curve is an upward-sloping, hence, the vertical axis on the demand and supply curves for an individual good measures the price in dollars.

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What are the four high level principles of pmi code of ethics?

Answers

The four high level principles of PMI code of ethics are responsibility, respect, fairness, and honesty.

PMI's Code of Ethics applies those values to the real-life practice of project management, where the best outcome is the most ethical one. All PMI volunteers, members, certification holders and certification applicants must comply with the code.

PMI code of ethics includes four high level principles which are responsibility, respect, fairness, and honesty. The purpose of this code of ethics is to instill confidence in the project management profession and to help an individual become a better practitioner.

Hence, the answer is given and explained above.

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When merging two organizations, a separation strategy is most commonly applied when:_______.

Answers

When merging two organizations, a separation strategy is most commonly applied when the two organizations are operating in unrelated industries.

A bicultural audit has  revealed that both the companies have very similar cultures. The acquired firm's culture doesn't work well , in relation to  the culture of the acquiring firm does work.

Both companies have relatively weak cultures which are generally ineffective. One company which  has an effective culture, when the culture of that company will be applied to them  employees at the other company would embrace to it which will lead to huge problems.

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Brentco purchases goods from ibm fob shipping point. who pays the freight costs?

Answers

The freight costs is paid by Brentco.

Freight costs is the amount paid to a carrier company for the transportation of goods from the point of origin to an agreed location. They are also known as freight charges or freight rates. Ideally, the seller pays the freight charges to a major port or other shipping destination.

The freight cost is determined by a number of variables, such as how far your shipment needs to go, what is its density, as well as fluctuating fuel prices and truck capacity for your shipment.

Hence, if Brentco purchases goods from IBM fob shipping point. The freight costs is paid by Brentco only.

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States are able to enact agreements with other states, without the consent of congress. these are called____________ If an organization allows byod, how can employees make sure that their device is secured?. INDUSTRIES IS CONSIDERING PURCHASING A CERTAIN STOCK. AFTER CONSIDERABLE RESEARCH, THE BOARD MEMBERS DETERMINE THAT THERE IS A 60% CHANCE OF MAKING $8000, A 10% CHANCE OF BREAKING EVEN, AND A 30% CHANCE OF LOSING $6200. FIND THE EXPECTATION OF THIS PURCHASE Both transportation and assignment problems are members of a category of lp problems called? write a paragraph in which you compare two animals. use at least two points of comparison. A process of step use to collect and analyze information to increase our understanding of topic or issue is called ? The natural tendency of an object to remain at rest or in motion with a constant velocity is called? A track coach is gathering data on the stride length of each of her 52 team members when running a distance of 500 meters. the population mean is 62.95 inches with a standard deviation of 5.65 inches. what is the standard error of the sample mean? round your answer to the nearest hundredth. In the xy-plane, the line y = 2x + b intersects the parabola y = x + bx + 5 at the point (3, k). If b is aconstant, what is the value of k? Can anyone help me with this! Vocabulary TableSpanish Word/PhrasegallinahenEnglish Equivalent or Context ReminderPronunciation TipsIl pronounced like y Edit the text.Add or remove inverted commas where appropriate. There are 6 errors to be corrected (3 pairs of ""). Use only "speech marks" (double inverted commas) in your corrections.The Downing Street Christmas card is set to land on doorsteps next week.The Prime Minister has sent his greetings to world leaders as well as MPs, civil groups, charity leaders, and individuals identified as having made significant contributions to their communities. Over "7,000 cards" have been issued.This years card features a water-colour painting of the Prime Ministers dog "Dave" playing in the snow.The PM said, "I'd like to thank the students at Oxbridge College for their brilliant artwork." Bacteria and archaea that reduce nitrate or sulfate so that they can incorporate the nitrogen or sulfur atom into an organic molecule are performing _________ reduction. By contrast, when nitrate or sulfate are used as terminal electron acceptors, bacteria and archaea are performing _________ reduction. what is the main idea of ''the alchemist?'' A government that has a central government that includes separate decentralized units is:________ A ladder resting against a wall makes anangle of 63 with the ground. The foot ofthe ladder is 4.7 m from the wall.Calculate the height of the top of theladder above the ground What is the act of printing false information with the intention to harm a person? 5.03 beginnings of Roman culture When a company seeks to match the benefits of a successful position while maintaining its existing position in offering customers a variety of differing services, what is this process called? Concerns about security and autonomy on the part of a dying person suggest that he or she is focusing on?