Wayfair Co. Reported the following results from the sale of 5,500 tables in May: sales $300,000, variable costs $165,000, fixed costs $85,000, and net income $50,000. Assume that Wayfair increases the selling price of tables by 10% on June 1. How much is the new contribution margin ratio?.

Answers

Answer 1

Wayfair Co's new contribution margin ratio is 50%.

Data and Calculations:

Number of tables sold in May = 5,500

Sales revenue = $300,000

Selling price per table = $54.55 ($300,000/5,500)

Total variable costs  = $165,000

Variable cost per unit = $30.00 ($165,000/5,500)

New selling price per table in June = $60 ($54.55 x 1.1)

Contribution margin per table = $30 ($60 - $30)

Contribution margin ratio =50%  ($30/$60 x 100)

Thus, the new contribution margin ratio is 50%.

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Related Questions

1. An advantage of gig work is...
A. constant workload
B. flexible work hours
C. paid sick leave
D. reliable income

2. A business that is owned by a larger company but licensed to an individual, allowing them to conduct business in the company's name, is known as
A. a branch
B. a division
C. an exchange
D. a franchise

Answers

An advantage of gig work is flexible work hours. A business that is owned by a larger company but licensed to an individual, allowing them to conduct business in the company's name, is known as a franchise.

Those who seek to combine work and home life or who have other responsibilities may find that gig employment, which often gives workers greater freedom over their schedule and allows them to work on a project basis, is suitable. Nevertheless, as these are not typically guaranteed in gig arrangements, they might not offer a steady workload, paid sick time, or dependable income.

A franchise system allows for the use of a franchisor's business model, brand, and support networks in exchange for an upfront fee and recurring royalties paid by the franchisee to the franchisor in the franchise. Although the franchisee runs their business independently, they are required to abide by certain standards and regulations imposed by the franchisor.

Gig work is a word used to describe income-generating activities that don't include regular, ongoing employer-employee interactions. Companies are increasingly offering temporary employees short-term work, and the employees—known as gig workers—accept these gigs.

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Answer: It is flexible work hours and reliable income... But it is most likely B

Explanation: Sorry if this is wrong but I am 99 percent sure it is B

Which bank does not charge at all for using the ATM?


Bank A

Bank B

Bank C

Bank D


ANSWER : Bank A

Answers

Answer:

Bank A

Hope my answer helps

If you don't meet a deadline at work, you could: *

Answers

Answer:

Failing to meet a deadline in the workplace may result in disappointing your co-workers, receiving a negative reaction from your boss, or even hurting your company as a whole. If you cultivate time management skills early, you will have a better chance of success in your future career.

The advantages of using in-house marketing and advertising staff include all of the following except: Question 27 options: A) greater control. B) global accounts. C) lower cost. D) brand knowledge. E) superior product.

Answers

All of the mentioned factors are advantages of having an in-house marketing staff except E. Superior product

Using an in-house marketing department instead of an external agency means that the company will not benefit from the experience of the agency which they gained from:

Specializing in marketing Attracting top talents

In the end therefore, the marketing product produced by the in-house department will be inferior to that, that would have been produced by the agency.

In conclusion, the in-house department will not produce a superior product.

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The bureaucratic structure that arranges employees by multiple factors such as region, products, or clients is known as the ______ structure.

Answers

Bureaucratic structure is a structure that has  a lot of formalized set of role expectations. The bureaucratic structure that arranges employees by multiple factors such as region, products, or clients is known as the multi-divisional structure.

Bureaucratic structure along with its different roles shows who is expected to do what, how, and when.

This structure is said to be a normative in nature that is often disconnected from decision behavior or process.

The structure often shows the different facets of a mechanistic organization when looking at work specialization, formalization, and centralization.

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Please help please please

Answers

Answer:

e you chose that includes at leasnts on your time line.) You can create the time line below or submit a separate Word or PowerPoint document containing the time line. If your tim

Explanation:

5. Submit a thematic time line for the theme yo You can create the time line below or submit a separate Word or PowerPoint document containing the time line. If your tim

The difference between actual overhead costs incurred and the budgeted (flexible) total overhead at actual units produced is the:

Answers

Answer:

The difference between actual overhead costs and overhead costs applied to work done, based on standard hours allowed. ... Both standards and budgets are predetermined costs. The primary difference is that a standard is a unit amount, whereas a budget is a total amount.

Explanation:

The difference between the amount of overhead applied throughout the manufacturing process and the actual amount of overhead expenses incurred during the period is known as an overhead cost variation.

So the answer is overhead cost variance.

About overhead cost variance:

As most businesses employ perpetual inventory systems, their inventory costs must be updated in real time.

This means that management cannot wait until the end of the quarter to total all overhead costs and assign them to each task.

Instead, management should forecast future overhead expenses and distribute them throughout the manufacturing process.

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During the ________ stage of system development, systems tests are evaluated by users and reviewed by management.

Answers

Answer:

acceptance testing

Explanation:

Check all of the perks a job might offer as incentives for potential applicants

A) gym membership
B) 401k investment plans
C) health benefits
D) child care services

Answers

Answer:C,D

Explanation:

C,d that is what he answers

Recently, Raj switched jobs from a large firm to a medium-sized firm. As one of four project managers at the new firm, Raj recognizes that employees have much more respect for his expertise than he perceived at the larger firm where there were a minimum of 25 project managers. According to Maslow, which need in his hierarchy is important to Raj

Answers

According to Maslow's hierachy of needs, the most important hierarchy for Raj is esteem, which symbolizes the individual's desire to be valued by himself and others in society and the workplace.

Maslow developed the pyramid of the hierarchy of human needs, with the aim of explaining how individuals are moved to take actions to meet their needs according to a pre-established order.

The pyramid of needs is divided into five parts, and comprises the most basic needs, which are biological, to the most complex, which are psychological needs. Are the:

Physiological needs.Safety needs.Love and belonging.Esteem.Self-actualization.

Therefore, Raj finds himself in the esteem stage, where he is looking for respect, status and recognition. When his esteem needs are met, he will move into the self-actualization hierarchy, where he will demonstrate greater creativity, talent, and personal development.

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Managers, across industries, spend about _____% of their time in verbal interaction. Group of answer choices 25 33 50 95 75

Answers

The average time which managers, across industries, spend in verbal interaction is:

E. 75%

According to the given question, we are asked to find out the average time which managers, across industries, spend in verbal interaction between themselves and other subordinates.

As a result of this, we can see that based on the research done by Deirdre Borden, they made us of qualitative method of interviews, surveys, polls, etc to come to the conclusion that the average time spent is about 75%.

Therefore, the correct answer is option E.

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Click this link to view O*NET’s Skills section for Secondary School Special Education Teachers. Note that common skills are listed toward the top, and less common skills are listed toward the bottom. According to O*NET, what are common skills needed by Secondary School Special Education Teachers? Check all that apply. instructing installation learning strategies repairing active listening technology design

Answers

Answer:

instructing

learning strategies

active listening

Explanation:

Answer:

Explanation:

instructing

learning strategies

active listening

Identify four (4) different types of credit (purposes)

Answers

Answer:Revolving Credit. Charge Cards. Installment Credit. Non-Installment or Service Credit

The bulk of evidence suggest that_______.
a. markets are competitive enough that only superior information or insight will earn superior risk adjusted returns
b. markets are competitive enough that earning superior risk adjusted returns is impossible
c. markets are inefficient enough that earning superior risk adjusted returns is time consuming but not difficult the efficient
d. market hypothesis has been proven incorrect, resoundly.

Answers

Answer:

C

Explanation:

I’m not sure tho

which policy tools are considered automatic stabilizers?

Answers

In the fiscal policies of governments, automatic stabilizers are meant to correct and stabilize the fluctuations that arise within the economy of nations. The policy tools that are considered automatic stabilizers are;

A progressive income tax structure Government unemployment benefits

At times, the economy of a nation might experience shocks and destabilizations. These policy tools listed above are meant to generate taxes from the citizens that would cushion the effects of these shocks.

They help to increase the flow of money in the economy when it is passing through difficulties like recessions.

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how much of the variation in worker wages can be accounted for by such measurable explanatory factors?

Answers

Answer:

I don't know. I think a lot of the variability in wages would be due to statistical noise.

As some of the earliest management theories, scientific management and administrative management comprise the ________ viewpoint. behavioral quantitative systems contemporary classical

Answers

The management viewpoint which is made up of the scientific management and administrative management is known as:

E. Classical viewpoint

According to the given question, we are asked to state the name which is given to the management viewpoint which is made up of the scientific management and administrative management.

As a result of this, we can see that this is one of the earliest management theories as this has to do with the different methods of managing people and resources in a market system.

Therefore, the correct answer is option E

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What would the new optimal solution of product 3 sold for $15, and 100 hours of labor could be purchased?.

Answers

Answer:

I don't know sorry sorry forgive me

Explanation:

sorry

The most basic form of ownership in a firm consists of:

Answers

The most basic form of ownership in a firm consists of: Common Stock

granting a pharmaceutical company a patent for a new medicine will lead to

Answers

Doing such to a pharmaceutical company would lead to option b:  (i) and (ii) only:

A product that is priced higher than it would be without the exclusive rights.Incentives for pharmaceutical companies to invest in research and development.

When a pharmaceutical company gets a patent, they will become a monopoly for the medicine in question. This will allow them to charge a higher price for the drug seeing as they have no competition.

It will also act as an incentive to other companies to develop more drugs because they will get a chance to benefit alone from the drug.

In conclusion, such a patent would lead to a higher price and act as an incentive.

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A wage increase of $3000 per year is most likely to increase the subjective well-being of people who currently earn ________ per year.

Answers

Answer:

12,000

Explanation:

A wage increase of $3000 per year is most likely to increase the subjective well-being of people who currently earn $12,000 per year.

What is wage?

The term wage refers to the payments made to employees or labor as compensation for their services. Daily, weekly, and monthly are the norm. The wages are paid on a daily, weekly, or according to the work basis. The wages are the expenses of the business.

According to the given was the amount are the wage was the increased the per year in the $3000. There was the subjective in the people are the increased the well-being into the people are the collection was the wage are the $12,000 per year in the currently to the earn.

As a result, the wage increase of $3000 per year is most likely to increase the subjective well-being of people who currently earn $12,000 per year. Therefore, option (a) is correct.

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Your question is incomplete, but most probably the full question was.

a. $12,000b. $40,000c. $25,000d. $75,000

You will still be able to get public broadcasting whether or not you contribute to their fundraising campaign. You decide not to contribute. What is this an example of?
A. a public-sector problem
B. an externality problem
C. a public-good problem
D. a free-rider problem

Answers

Answer:

D. a free-rider problem

The two early economic plans proposed by President Carter improved economic growth. Did not improve economic growth. Gained support from many politicians. Reduced discrimination against banks.

Answers

The two early economic plans proposed by President Carter did not improve economic growth.

Jimmy Carter became the president of the United States at the time where the country was in a period of stagflation. There was high inflation in the country then and the economic growth was also very slow.

Jimmy carter tried to create reforms regarding the health sector, taxes, and the welfare of the nation.

His efforts to do these failed. One of the reasons why they failed was the fact that he had very poor relations with the congress.

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Answer:

B. did not improve economic growth.

Explanation:

edge2022 :)

In order to make up for a budget deficit, the government can do what?

Answers

Answer:

print more money

Explanation:

it makes sense if u think bout it

Answer:

Budget deficit is when the government exceeds its budget, meaning they have spent a lot more money than they were initially supposed to, and thus need to get more money for other issues. So what the government will usually do is take out loans and sell government bonds.

Explanation:

Hope this helps :)

Should I stay single?

Answers

Answer:  It is entirely up to you to make that decision. If you want to know, start by asking yourself if being in a relationship  really worth it. Will it have a positive impact on you? If so, I say go for it. However, if your mental health isn't doing well and you're going through a lot, I'd advise you to focus on yourself first.

Explanation: Hoped I helped :)

enterprise opportunities​

Answers

enterprise hardware.
the industrial Internet of Things.
applications powered by the blockchain.
proactive analytics.
3D printing.
enterprise marketplaces.
domain-specific data science.
augmented reality in industrial settings.

the changes in the non-cash balance sheet accounts explain the differences between the ______.

Answers

Income statement and the statement cash flows

As the number of sellers in an oligopoly becomes very large, a. the price effect is magnified. b. the quantity of output approaches the socially efficient quantity. c. the price approaches the monopoly price. d. the quantity of output approaches the monopoly quantity.

Answers

As the number of sellers in an oligopoly becomes very large, the quantity of output approaches the socially efficient quantity.

An Oligopoly is when there are few large firms operating in an industry.  

Characteristics of an oligopoly:

Firms set the price for their productProducts are differentiated The demand curve is downward sloping There is a high barrier to entry and exit of firms into the industry.

As the number of firms increase in an oligopoly, the quantity and price approaches what would exist in a perfect competition. As the number of firms in an oligopoly decreases, the price and quantity produces approaches that would be exist in a monopoly.

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the free market idea is generally associated with which economic system?

Answers

Answer:

The term “free market” is sometimes used as a synonym for laissez-faire capitalism. When most people discuss the “free market,” they mean an economy with unobstructed competition and only private transactions between buyers and sellers.

hope this helps

Custom Quilters makes decorative comforters, quilted garments, and other products in a small sewing factory. The company expects to make 2,000 comforters during the current year. With respect to the comforters, how would the hourly wages of sewing machine operators be classified

Answers

Based on the comforters, the hourly wages of sewing machine operators would be classified as:

Direct and Variable

According to the given question, we are asked to classify the hourly wages of sewing machine operators based on the decorative comforters.

As a result of this, we can see that because the company has a fixed number of comforters it wants to produce during the current year, then the hourly wages of the operators of the sewing machine can be classified as direct and variable.

Therefore, the correct answer is Direct and Variable

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