Blossom Electronix sells computer tablets and MP3 players. The business is divided into two divisions along product lines. CVP incomestatements for a recent quarter's activity are presented below.SalesVariable costsContribution marginFixed costsNet incomeTablet Division$671,000496,540$174,460MP3 Player Division$429,000253,110$175,890Total$1,100,000749,650350,350128,037$222,313 Calculate the company's weighted-average contribution margin ratio. (Do not round intermediate calculations; report final answer asa percentage rounded to 2 decimal places, e.g. 15.26%.)Weighted-average contribution margin ratio%

Answer : Weighted average contribution margin ratio : Weighted average contribution margin ratio =…

Answered: $671,000 496,540 $174.460 $429,000…

Business

Accounting

$671,000 496,540 $174.460 $429,000 253,110 $175,890

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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2 204.3847 ebook P Hard Hat Company is in the process of purchasing several large pieces of equipment from Machine Corporation. Several financing alternatives have been offered by Machine: 1. Pay $1160,000 in cash immediately. 2. Pay $461,000 immediately and the remainder in 10 annual installments of $94,000, with the first installment due in one year. 3. Make 10 annual installments of $156,000 with the first payment due immediately 4. Make one lump-sum payment of $1,730,000 five years from date of purchase. Required: Determine the best alternative for Hard Hat, assuming that Hard Hat can borrow funds at a(n) 8% interest rate. Note: Round your final answers to nearest whole dollar amount. Use tables, Excel, or a financial calculator. (EV of S1 PV of $1. EVA of51. PVA of$1. EVAD of $1 and PVAD of $3 Option 1 Option 2 Option 3 Option 4 The best alternative for Hard Hat PV Check
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A28
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