d. $13.00 Explanation: The contribution margin formula is determined by subtracting variable costs from the selling price. Here, the sales price is $25 per unit while the variable costs consist of: Direct materials: $6.20, Direct labor: $2.80, variable overhead: $1.45, sales commissions: $1.00, and administrative variable expense: $0.55 totaling a variable cost of $12.00 per unit. Thus, $25 selling price per unit minus $12 variable cost per unit equals $13 contribution margin per unit, the amount each unit contributes to cover fixed costs and generate profit during the period.
The profit amounts to $5.91. Based on the information presented:
The number of shares sold is 300, the selling price is $30.19, and a commission fee of 0.5% equates to 0.005. The purchase price is $29.87. Let's calculate it:
Total selling price = 300 × $30.19 = $9057. Therefore, proceeds from the sale are: Total selling price - Commission = $9057 - (0.005 × $9057) = $9,011.715. Furthermore, the purchasing cost for the shares is 300 × $29.87 = $8,961. The total expense incurred for purchase, including the commission, is $8,961 + (0.005 × $8,961) = $8,961 + $44.805 = $9,005.805. Consequently, profit is considered to be: Proceeds from sale - Total purchasing cost = $9,011.715 - $9,005.805 = $5.91.
Utilizing the compound interest formula:
The annual compound interest equation, including principal amount, is:
A = P (1 + r/n)ⁿˣ
Here:
A = future value = $95000
P = principal investment amount =?
r = annual interest rate = 0.06
n = frequency of compounding per year = 2
x = duration in years for investment = 0.5
95,000 = P (1 + 0.06/2)¹
95,000 = P (1 + 0.03)
95,000 = P (1.03)
P = 95,000 ÷ 1.03
P = 95,000 ÷ 1.03
P = 92,233.01
Total compounded interest = 92,233.01 - 95,000
Total compounded interest = -2,766.99
Answer:
I'm not entirely sure, maybe ccccccc, but what’s your take on this?
