Assume you are given the following data in a spreadsheet with the letters denoting each column...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Assume you are given the following data in a spreadsheet with the letters denoting each column and the rows denoted by the numeric values (1 – 8) that are to the left, just like you would see it in Microsoft Excel: A 1 2 Sales 3 Variable costs 4 Contribution Margin 5 6 7 8 Fixed costs Profit Contribution Margin Ratio (CMR) B January 15,000 11,090 3,910 1,500 2,410 с D February March What is the formula for cell C8 (CMR for February)? 13,400 16,100 10,060 12,040 3,340 4,060 1,500 1,500 1,840 2,560 Assume you are given the following data in a spreadsheet with the letters denoting each column and the rows denoted by the numeric values (1 – 8) that are to the left, just like you would see it in Microsoft Excel: A 1 2 Sales 3 Variable costs 4 Contribution Margin 5 6 7 8 Fixed costs Profit Contribution Margin Ratio (CMR) B January 15,000 11,090 3,910 1,500 2,410 с D February March What is the formula for cell C8 (CMR for February)? 13,400 16,100 10,060 12,040 3,340 4,060 1,500 1,500 1,840 2,560
Expert Answer:
Answer rating: 100% (QA)
The contribution margin ratio CMR is calculated by dividing the contribution margin CM by the sales ... View the full answer
Related Book For
Introduction to Operations Research
ISBN: 978-1259162985
10th edition
Authors: Frederick S. Hillier, Gerald J. Lieberman
Posted Date:
Students also viewed these accounting questions
-
A bookkeeper isnt working within the GAAP of accounting and wants to know the possible consequences??
-
You are given the following data for a linear programming problem where the objective is to maximize the profit from allocating three resources to two nonnegative activities. Contribution per unit =...
-
You are given the following information in relation to Olivet Ltd. Required: You are required to comment on the financial position of Olivet Let as at 20X5. Calculate any ratios you feel necessary....
-
Identify and summarize the most important models and concepts of employee motivation.
-
A car making a 100-km journey travels 40 km/h for the first 50 km. How fast must it go during the second 50 km to average 50 km/h?
-
Calculate the savings in total construction costs from issuing a \($100\) million GOB paying out at 5% rather than a revenue bond paying out at 7%, both with a 25-year maturity.
-
Review Kelly Long Travel Designs trial balance. Assume that Long accidentally listed dividends as \($100\) instead of the correct amount of $1,000. Requirement 1. Compute the incorrect trial balance...
-
Create an enterprise data model that captures the data needs of FAME. Use a notation similar to the one shown in Figure 1-4. In figure 1-4 INVENTORY PRICING HISTORY CUSTOMER Places Keeps Price...
-
A buyer purchased 75 ginger jar lamps at a list price of $40 each. The trade discounts were 20% and 5%, with terms of 2/10, net 30. The lamps were shipped and billed on October 18 and were received...
-
The comparative financial statements of Vision International, Inc., are as follows. The market price of Vision International, Inc., common stock was $20 on December 31, 2007. Instructions Determine...
-
Identify the surface by completing the squares. x+4y - z-18x+8y+4z = 0
-
Luzadis Company makes furniture using the latest automated technology. The company uses a job - order costing system and applies manufacturing overhead cost to products on the basis of machine -...
-
What organizational enablers and impediments shape the effectiveness and resilience of multifunctional teams, spanning factors such as leadership dynamics, resource allocation, performance...
-
A point charge q with charge q = 4 . 0 nC is at the point ~r 0 = ( 4 . 0 cm , 4 . 0 cm , 0 ) . Calculate the electric field at the point ~rP = ( 8 . 0 cm , 1 2 . 0 cm , 0 ) . A point charge q with...
-
Let S(0) 100, R = 0.05, U = 0.2, D = -0.2, and N = 3, and consider the payoff of following European butterfly spread: -30- -20- -10- 50 = 60 70 80 90 100 110 120 130 140 (a) You can construct this...
-
Evaluate the following 2 A [ (x 1) e + + x dr
-
DEFINE FOLLOWINGS FROM ONLINE RESOURCES (NOT FROM SLIDES) WITH APPROPRIATE DIAGRAM WHEREVER IT IS APPLICABLE OPERATING SYSTEM AND ITS CREATION- TYPES OF OS- DIFFERENCE BETWEEN CLI AND GUI MODE...
-
Experiment: Tossing four coins Event: Getting three heads Identify the sample space of the probability experiment and determine the number of outcomes in the event. Draw a tree diagram when...
-
A computer is inspected at the end of every hour. It is found to be either working (up) or failed (down). If the computer is found to be up, the probability of its remaining up for the next hour is...
-
Consider the minimum spanning tree problem depicted below, where the dashed lines represent the potential links that could be inserted into the network and the number next to each dashed line...
-
Consider the following problem. Maximize Z = 2x1 x2 + x3, Subject to and x1 ¥ 0, x2 ¥ 0, x3 ¥ 0. If we let x4, x5, and x6 be the slack variables for the respective constraints, the...
-
List and describe two methods of depreciation. For each, provide an example of an asset where it might be appropriate to use that method.
-
What is the accruals concept? Provide one example to show you understand this.
-
If an entitys accounts are prepared on a break-up basis, what does this mean?
Study smarter with the SolutionInn App