![leeleelynn](/avatars/42177.jpg)
leeleelynn
15.10.2019 •
Business
Joseph worked 6 hours of overtime this week but has decided to take time off instead of overtime pay. how many hours will joseph receive in time off from work?
Solved
Show answers
More tips
- S Style and Beauty How to Properly Tie a Tie: 5 Simple Steps...
- L Leisure and Entertainment How to Make a Crab Trap in Just a Few Minutes...
- H Health and Medicine How Much Does Abortion Cost? Expert Answers and Insights...
- S Sport How to Build Arm Muscles? Effective Exercises and Tips...
- H Health and Medicine When can it be said that a person has a normal pulse?...
- A Art and Culture When Will Eurovision 2011 Take Place?...
- S Style and Beauty How to Choose the Perfect Hair Straightener?...
- F Family and Home Why Having Pets at Home is Good for Your Health...
- H Health and Medicine How to perform artificial respiration?...
- H Health and Medicine 10 Tips for Avoiding Vitamin Deficiency...
Ответ:
Ответ:
0.343
Explanation:
Calculation for what The company's contribution margin ratio is closest to
First step is to calculate the Contribution margin using this formula
Contribution margin = Sales – Variable expenses
Let plug in the formula
Contribution margin= $2,412,000 – ($1,170,000 + $414,000)
Contribution margin= $2,412,000 – $1,584,000
Contribution margin= $828,000
Now let calculate the Contribution margin ratio using this formula
Contribution margin ratio = Contribution margin ÷ Sales
Let plug in the formula
Contribution margin ratio = $828,000 ÷ $2,412,000
Contribution margin ratio =0.343
Therefore The company's contribution margin ratio is closest to 0.343