Answer:
$1400
Explanation:
Accumulated depreciation is the total depreciation of an asset and is recorded on the balance sheet while the depreciation expense is recorded on the income statement as an expense.
The depreciation expense is the difference between the accumulated depreciation at the end and the accumulated depreciation at the beginning. It is given as:
Depreciation expense = accumulated depreciation at the end - accumulated depreciation at the beginning = $10700 - $9300 = $1400
Depreciation expense = $1400
Recent decades have seen a trend toward globalization, which means that buying and selling in markets have crossed national borders to an increasing extent. List three reasons and briefly describe their effect contributing toward globalization. Provide examples and explain your answer.
Answer:
The answer is below
Explanation:
Three reasons and their effect contributing towards Globalizations are:
1. Growths in shipping and air cargo: with the advancement in the industry of air and sea transportation, the cost of moving goods around has reduced, leading to more transnational and transcontinental transactions. For example, Many plane flights can move either goods or people from anywhere in the world to another place without fear of getting lost or accident, likewise in the shipping operation.
2. Inventions and advancements in computing and telecommunications: this has brought various and tremendous means of sending products and services across the globe, with high efficiency, low cost, and effectiveness. For example, the presence of trading websites like amazon, or product delivery firms like DHL, FedEx, etc.
3. Information as product and services in recent times: with several goods and services taking the form of information, such as e-books, music, travel plans, financial advice, etc which can easily be sent at the tip of a finger to any of part of the world, has made globalization to increase. For example, selling merchandise on websites like Amazon, downloads from the movie website. etc
Sherwin-Williams' Dutch Boy paint has packaging that is getting rave reviews.The new Twist & Pour paint is packaged in an all-plastic gallon container with an easy twist-off lid,comfortable side handle,and even a pouring spout.There's no other paint product like it on the market.This innovative packaging was most likely designed for which of the following functions?a. To facilitate product use and convenienceb. To contain and protect the productc. To reduce environmental damaged. To facilitate recyclinge. To promote the product
Answer:
to facilitate product use and conveinience
The MNE can ________ its ________ by gaining access to markets that are more liquid and/or less segmen
Answer: decrease; MCC.
Explanation:
The MNE can decrease its MCC by gaining access to markets that are more liquid and/or less segmented than its own.
A multinational enterprise which is also referred to as the multinational corporation, is an enterprise that produces goods or services for more than one country. Examples include Shell, Deloitte, Nestle etc
When multinational firms have access to more liquid markets, it can help reduce their MCC.
Who are angel investors? Give some characteristics and discuss their motivations, etc.
_____ tend to outperform during an economic slowdown. a. Consumer durable goods b. Consumer staples c. Cyclical companies
Answer:
Option C, Cyclical companies, is the right answer.
Explanation:
Option C, “Cyclical companies” is the correct answer because the cyclical companies are sensitive to the business situation or cycle. During the economic prosperity, the revenue of these type of firms is expansionary and higher. While in the situation of economic slow down the performance of these companies goes on decreasing or outperform and its operation starts contracting in the adverse economic situation. Therefore. The option “Cyclical companies” is the right answer.
What does good marketing planning require?
A. Collecting and analyzing data
B. Understanding business systems
C. Making a profit
D. Information through advertising
Answer:
understanding business systems. is the anwers
Option B.
but all of these require for good marketing............. ᐛ
Effective communication occurs when: Group of answer choices information is transmitted and understood between two or more people. the sender convinces the receiver to accept the information sent. information is collected from various sources but sent to a limited audience. the sender transmits information that is received by someone other than the intended receiver. information is sent through informal rather than formal channels.
Answer:
information is transmitted and understood between two or more people.
Explanation:
The essence of every communication is to pass an information across. Information can then be said to be successful, if both the receiver and the sender understood each other.
For example, a sender telling someone to pay off his debt before the next 7 days. It would be an effective communication if the reciever of such information clears his or her debt before the allocated time frame.
The asset, equipment, used by a department accounted for by the General Fund of a governmental unit should be reported in the:
Answer:
Government-wide statements.
Explanation:
What is the government wide statements?
This is a summary and well detailed statement of the main or major government funds, their expenditures/ how much have been spent and also the amount of money that the government has left. It shows the government's financial activities, all in one place.
Therefore from the question, the asset and equipment has to be reported in the government wide statement.
Assume that a customer has an established margin account with no special memorandum account, and the account is restricted. With the Regulation T requirement at 50%, the purchase of $10,000 worth of stock would generate a Regulation T call of
Answer: $5000
Explanation:
Given that customer has an established margin account with no special memorandum account, and the account is restricted. With the Regulation T requirement at 50%, the purchase of $10,000 worth of stock would generate a Regulation T call of :
Margin requirement = 50%
Worth of stock = $10,000
The regulation T- call which will be generated is a deposit of the full margin requirement of the purchase.
Since margin requirement = 50% and worth of stock = $10,000
Regulation T-call = 50% of $10,000
0.5 × $10,000 = $5,000
Hence, regulation T- call is $5,000
After a few years of work in the marketing department of a small firm, you are placed in charge of the firm's inbound marketing. What are you most likely to be in charge of? Group of answer choices
Answer:
Ensure that customers can find the firm when they search for information on products and services.
Explanation:
Inbound marketing involves attracting customers to a business's products and services by improved customer service and building trust.
Various channels that can be used for inbound marketing are social media, content marketing, search engine optimisation, and branding.
Outbound marketing on the other hand involves pushing out of various products an services to customers via various channels.
Steps in inbound marketing are:
Define the customer
Understanding customer purchase cycles
Establish potential customer
Build loyalty
Use customer relationship management (CRM)
Content management
financial statements are reports on the financial performance of organizations. they provide data on
Answer:
Financial statements are reports on the financial performance of organizations. They provide data on
a. The organization's profitability and goal achievement
b. Changes in the Cash flows and positions, according to activities
c. Financial position in terms of assets, liabilities, and stockholders' equity
Explanation:
The financial statements that provide the above data are the Income Statement, the Statement of Cash Flows, and the Balance Sheet. They are the main financial statements required by GAAP and investors who want to analyze the organization. In the case of governmental and non-profit making organizations, their income statement is known as a Statement of Revenue, Expenses, and Changes in Net Assets.
Viejol Corporation has collected the following information after its first year of sales. Sales were $1,440,000 on 120,000 units, selling expenses $210,000 (40% variable and 60% fixed), direct materials $504,000, direct labor $169,400, administrative expenses $276,000 (20% variable and 80% fixed), and manufacturing overhead $382,000 (70% variable and 30% fixed. Top management has asked you to do a CVP analysis so that it can make plans for the coming year. It has projected that unit sales will increase by 10% next year.
(a) Compute (1) the contribution margin for the current year and the projected year, and (2) the fixed costs for the current year. (Assume that fixed costs will remain the same in the projected year.)
(b) Compute the break-even point in units and sales dollars for the current year.
(c) The company has a target net income of $200,000. What is the required sales in dollars for the company to meet its target?
Answer:
a. (1). 25 % and 25 %
a. (2). $461,400
b. 153,800 units
c. $1,845,600
d. $2,645,600
Explanation:
Contribution margin = Contribution / Sales × 100
Where
Contribution margin = Sales - Variable Cost
Current
Sales $1,440,000
Variable Costs :
Selling expenses $84,000
Direct materials $504,000
Direct labor $169,400
Administrative expenses $55,200
Manufacturing Overheads $267,400 ($1,080,000)
Contribution $360,000
Contribution margin = $360,000 / $1,440,000 × 100
= 25 %
Projected
Sales ( $12 × 120,000 × 1.10) $1,584,000
Variable Costs :
Selling expenses ($84,000/120,000 × 132,000) ($92,400)
Direct materials ($504,000/120,000 × 132,000) ($554,400)
Direct labor ($169,400/120,000 × 132,000) ($186,340)
Administrative expenses ($55,200/120,000 × 132,000) ($60,720)
Manufacturing Overheads ($267,400/120,000 × 132,000) ($294,140)
Contribution $396,000
Contribution margin = $396,000 / $1,584,000 × 100
= 25 %
Fixed Costs Calculation :
Selling expenses ($210,000 × 60%) $126,000
Administrative expenses ($276,000 × 80%) $220,800
Manufacturing Overheads ($382,000 × 30%) $114,600
Total Fixed Cost $461,400
Break Even Point (Units) = Fixed Costs ÷ Contribution per unit
= $461,400 ÷ ($360,000 ÷ 120,000)
= 153,800 units
Break Even Point (Dollars) = Fixed Cost ÷ Contribution Margin
= $461,400 ÷ 0.25
= $1,845,600
Sales to Reached Target Profit = (Fixed Cost + Target Profit) ÷ Contribution Margin
= ($461,400 + $200,000) ÷ 0.25
= $2,645,600
Giovanna will be borrowing $150,000 today to open her own business, and she will pay it back with 20 yearly payments starting one year from today. If the effective annual interest rate is 8%, how much will the final payment be if the amount of principal reduced each year is constant
Answer:
$8,100
Explanation:
Following is the table that will we used to compute last payment made:
Op, Principal Principal Repayment Interest Cl. Principal
1 150,000 7,500 12,000 142,500
2 142,500 7,500 11,400 135,000
3 135,000 7,500 10,800 127,500
4 127,500 7,500 10,200 120,000
5 120,000 7,500 9,600 112,500
6 112,500 7,500 9,000 105,000
7 105,000 7,500 8,400 97,500
8 97,500 7,500 7,800 90,000
9 90,000 7,500 7,200 82,500
10 82,500 7,500 6,600 75,000
11 75,000 7,500 6,000 67,500
12 67,500 7,500 5,400 60,000
13 60,000 7,500 4,800 52,500
14 52,500 7,500 4,200 45,000
15 45,000 7,500 3,600 37,500
16 37,500 7,500 3,000 30,000
17 30,000 7,500 2,400 22,500
18 22,500 7,500 1,800 15,000
19 15,000 7,500 1,200 7,500
20 7,500 7,500 600 -
Here
Closing Principal = Opening Principal - Principal Repayment
The last final payment would be:
Final Payment = Last Principal Repayment Amount + Last Interest Payment
Now the values from the above table are given as under:
Last Principal Repayment Amount is $7,500
Last Interest Payment is $600
By putting values in the above equation, we have:
Final Payment = $7,500 + $600 = $8,100
An unincorporated association of two or more persons to pursue a business for profit as co-owners is a:
Answer:
Partnership
Explanation:
A partnership is a business organization in which two to twenty people agree legally to set up and manage a business outfit with the sole aim of making profit. It is usually formed by an association of two to twenty persons, who by an agreement (usually legal) decide to pool their resources (capital) or skill together and establish a business enterprise. The people involved in partnership are called partners and they share the profit, losses and risk of the business
In the case of dormant cracks wider than about 1m, it is more economical to use ____________
Answer:
B. Grouting
Explanation:
These are the options for the question;
A. Epoxy resin
B. Grouting
C. Tensioning
D. Ranging
In the case of dormant cracks wider than about 1m, it is more economical to use grouting method.
Grouting techniques is a techniques that is achieved by removal of dirt or unwanted substance from the crack of the the faulty part and then grouting of the crack after which the surface is sealed by sealants. It should be noted that grouting is economical than other methods such as surface treatment.
During October, Kreitner Inc. transferred $73,000 from Work in Process to Finished Goods and recorded a Cost of Goods Sold of $76,000. The journal entries to record these transactions would include a:
Pleaze you Omitted options which i thin should be
credit to work in process of $73,000
debit to finished goods of 76,000
credit to finished goods of $73,000
credit to cost of goods sold of $76,000
Answer: credit to work in process of $73,000
Explanation:
Journal to record transfer of$73,000 from Work in Process to Finished Goods
Account title Debit Credit
Finished goods $73,000
Work in Process $73,000
Journal to record cost of goods sold from finished goods
Account title Debit Credit
Cost of goods sold $76,000.
Finished goods $76,000
The difference between a traditional format income statement and a contribution format income statement is:_______.
a. that the traditional format organizes costs into cost of goods sold and selling and administrative expenses, while the contribution format organizes costs into variable and fixed costs.
b. that the traditional format organizes costs for internal use only, while the contribution format organizes costs for stockholders and creditors.
c. that the traditional format calculates gross margin which is equal to cost of goods sold minus fixed costs, while the contribution format calculates contribution margin which is cost of goods sold minus variable costs.
d. that the traditional format organizes costs by cost behavior, while the contribution format organizes costs by function.
Answer:
(a) that the traditional format organised cost into cost of goods sold and selling and administrative expenses while contribution format organizes cost into variables and fixed cost
The difference between a traditional format income statement and a contribution format income statement is that the traditional format organizes costs into cost of goods sold and selling and administrative expenses, while the contribution format organizes costs into variable and fixed costs. Thus, the correct option is A.
What are the different formats of income statements?
The income statement reports on the revenues, expenses, and profits of an organization. The two main types of income statements are a traditional format income statement and a contribution format income statement.
A traditional format income statement is a report in which a company's net income is calculated using both the production costs and the amount of units which are sold by the company.
A contribution format income statement is a special kind of income statement format which segregates the variable and fixed expenses involved in running a business. It shows all the revenues which are generated after deducting all the variables and fixed expenses separately from the business.
Therefore, the correct option is A.
Learn more about Format income here:
https://brainly.com/question/21886609
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A firm is operating in the United States with only two other competitors in the industry. a. It is likely this industry would be characterized as:
Answer: Oligopoly
Explanation:
In an Oligopolistic industry, the market is populated by few producers who control the market.
Oligopolistic industries have high barriers to entry because they usually benefit from economies of scale and so will require a huge cash outlay which still would not guarantee success as the other firms already have a firm grasp on the market.
If an industry has only 3 competitors as the one in the question, it is most likely an Oligopoly.
has excess cash of $15,000 at the end of the harvesting season. will need this cash in four months for normal operations. Requirements 1. What are some reasons why may choose to invest in debt or equity securities? 2. What type of classification would 's investment fall withinshort-term or long-term? Why? Requirement 1. What are some reasons why may choose to invest in debt or equity securities?
Answer:
1)
Some of the major reasons why Garden Haven might to choose to either invest in debt or equity securities are as follows;
They want to generate earnings. It is better to earn money from excess cash than keep it idle. They invest in debt or securities because they provide liquidity. Investments in debt or securities can be sold through exchange the day decision is taken to see and convert it cash .To meet cyclical cash needs. They may have policies as regard to quantum of cash that can be kept .
2)
In terms of classification, Garden Haven's investment falls in short term investments.
Investments made for a period less than a year are classified as short term investments. Investments made for longer than one year are classified as long term investments. Since Garden Haven is making this investment for four months, this is be classified as short term investment.
Journalize the entries to record the following transactions:
1. Mar. 10: 500 units of raw materials were purchased on account at $4.00 per unit.
2. Mar. 15: 250 units of raw materials were requisitioned at $4.50 per unit for production, Job 872.
3. Mar. 25: 215 units of raw materials were requisitioned at $5.00 per unit for production, Job 879.
Answer:
1. Mar. 10: 500 units of raw materials were purchased on account at $4.00 per unit.
March 10, 202x, 500 units of raw materials purchased on account:
Dr raw materials inventory 2,000
Cr Accounts payable 2,000
2. Mar. 15: 250 units of raw materials were requisitioned at $4.50 per unit for production, Job 872.
March 15, 202x, 250 units of raw materials requisitioned for Job 872
Dr Work in Process 1,125
Cr Raw materials inventory 1,125
3. Mar. 25: 215 units of raw materials were requisitioned at $5.00 per unit for production, Job 879.
March 25, 202x, 215 units of raw materials requisitioned for Job 879
Dr Work in Process 1,075
Cr Raw materials inventory 1,075
Which of the following is the BEST description of the law of demand?
A. The quantity demanded increases as the price decreases.
OB. The quantity demanded increases as the price increases.
C. Demand is unrelated to fluctuations in supply.
OD. Supply decreases as the demand increases.
O E. The quantity demanded decreases as the price decreases.
Marionette receives an offer to produce dolls for a special event. This is a onetime opportunity during a period when the company has excess capacity. What is the minimum sales price the company should accept for the%E2%80%8B order?
Answer: $23
Explanation:
The minimum sales price should be the one that covers Marionette's costs. As the fixed costs remain the same because the excess capacity is being used and thus have already been covered, the relevant costs would be the variable costs;
= Variable manufacturing costs + Variable selling and administrative costs
= 20 + 3
= $23 per unit.
After firm A acquired firm B, it raised the prices for the goods produced by both firms. This can increase profits if those goods are
Answer: substitute
Explanation:
After firm A acquired firm B, it raised the prices for the goods produced by both firms. This can increase profits if those goods are substitutes.
Substitute goods are the goods that serve thesame functions and one can be used to replace the other one. Since both goods produced are substitutes, that means when there's price increase, even though consumers shift from one good to another, there's still rise in price which will increase profits
ABC declared a property dividend. The dividend consisted of 10,000 common shares of its investment in XYZ Company. The shares had originally been purchased at $4 per share and had a $1 par value. The value of the shares on the declaration date is $7 per share. What is the first entry that should be recorded related to this dividend? a. Retained earnings 70,000 Property dividends payable 70,000 b. Retained earnings 70,000 Property dividends payable 40,000 Gain 30,000 c. Investment in XYZ 30,000 Retained earnings; 30,000 d. Investment in XYZ 30,000 Gain 30,000
Answer:
D. Investment in XYZ 30,000 Gain 30,000
Explanation:
The value of shares have increased from $4 to $7. Which means they are now increased by 30,000 (10,000 x $3). The question refers to the increase in value of Shares rather than buying them at new value and therefore, Option A is incorrect.
While the question does mentions declaration of property dividend, it does not mention by how much the same was paid. Hence, the entry of Option B is also incorrect.
When value of Shares are increased then it results in Gain in Shares and effects the Balance Sheet rather than the Income Statement. Therefore, the entry recording Retained Earnings in Option C is incorrect.
Option D is correct, as the Investment in XYZ has increased by 30,000 and simultaneously it has resulted in Gain by 30,000. Hence, this is the first entry that should be recorded.
Using the information provided, construct a monthly cash budget for October through December 2014. Based on your analysis, will Noble enjoy a surfeit of cash, or require external financing?
Sales (20 percent for cash, the rest on 30-day credit terms):
2014 Actual 2014 Projected
July August September October November
76,000 88,000 266,000 125,000 51,000
Purchases (all on 60-day terms):
2014 Actual 2014 Projected
July August September October November
116,000 122,000 257,000 62,000 27,000
Salaries payable monthly 20,000
Principal payment on debt due in December 25,700
Interest due in December 9,000
Dividend payable in December 15,000
Taxes payable in November 19,000
Addition to accumulated depreciation in December4,000
Cash balance on October 1, 2014 34,000
Minimum desired cash balance 15,000
Answer:
Noble
Monthly Cash Budget for the months of October through December 2014:
October November December
Cash balance on October 1, 2014 $34,000 $129,800 ($56,000)
Total cash received 237,800 110,200 40,800
Total cash available $271,800 $240,000 ($15,200)
Cash payments:
Cash payment for purchases 122,000 257,000 62,000
Salaries 20,000 20,000 20,000
Principal payment 25,700
Interest 9,000
Dividend 15,000
Taxes 19,000
Total cash payments $142,000 $296,000 $131,700
Cash Balance $129,800 ($56,000) ($146,900)
Minimum desired cash balance 15,000
Explanation:
a) Data and Calculations:
1. Sales:
Cash Sales = 20% of Sales
Sales on account = 80%
Credit terms = n/30
2014 Actual 2014 Projected
July August September October November Dec.
Sales: 76,000 88,000 266,000 125,000 51,000
Cash Sales 53,200 25,000 10,200
Cash received on account 212,800 100,000 40,800
Total cash received $237,800 $110,200 $40,800
2. Purchases (all on 60-day terms):
2014 Actual 2014 Projected
July August September October November Dec.
Purchases 116,000 122,000 257,000 62,000 27,000
Cash payment 116,000 122,000 257,000 62,000
3. Other information:
Salaries payable monthly 20,000
Principal payment on debt due in December 25,700
Interest due in December 9,000
Dividend payable in December 15,000
Taxes payable in November 19,000
Addition to accumulated depreciation in December 4,000
Cash balance on October 1, 2014 34,000
Minimum desired cash balance 15,000
b) Noble will enjoy cash surfeit in October only. In November and December, it will be in some serious deficits that require external financing to keep the business afloat. If cash requirement through some external financing is not satisfied in November and December, Noble will not be able to meet with its maturing debt obligations.
which one of Porter's generic strategies is achieved by constructing efficient, large-scale facilities
Answer: Overall Cost Leadership
Explanation:
Porter posited that one way a company can attain a competitive advantage in an industry is by overall cost leadership.
This means that the company needs to be able to produce goods and services in a cheaper and more efficient way than its competitors because then it can sell its products for cheaper prices and capture more market share.
One way of achieving cost leadership is by constructing efficient, large-scale facilities that will enable the company to take advantage of economies of scale and achieve less costs per unit.
Managers have a multiplier effect in organizations which means that
Answer:
Explanation:
Managers having multiplier effects in organizations means that the influence of the managers on the organization is multiplied for far past the results of just one person.
Just like the meaning of the word multiplier, to increase by a factor. To multiply. Managers have influence over more than one person. Which is why they're called managers in the first place. The ability to have influence over more than one person in an organization is termed the multiplier effect
On January 1, 2018, Wallace, Inc. decides to invest in 7,200 shares of Dressage stock when the stock is selling for $ 20 per share. On June 1, 2018, Dressage paid a $ 1.00 per share cash dividend to stockholders. On December 31, 2018, Dressage reports net income of $ 80,000 for 2018. Assume Dressage has 18,000 shares of voting stock outstanding during 2018 and Wallace has significant influence over Dressage.
1. Identify what type of investment the Dressage stock is for Wallace.
2. Journalize the transactions related to Wallace's investment in the Dressage stock during 2018.
3. In what category and at what value would Wallace's report the investment on the December 31, 2018, balance sheet?
REQUIREMENT 1:
Wallace's investment would be ________ investment.
a. a controlling interest
b. a held-to-maturity
c. a no significant influence
d. a significant influence
e. an available-for-sale
REQUIREMENT 2:
1) January 1:Wallace Inc. decides to invest in 7,200 shares of Dressage stock when the stock is selling for $20 per share.
Debit Credit
2) June 1: Dressage paid a $1.00 per share cash dividend to stockholders
Debit Credit
3) December 31: Dressage reports net income of $80,000 for 2018.
Debit Credit
REQUIREMENT 3:
In what category and at what value would Wallace's report the investment on the December 31, 2018 balance sheet?
Wallace would report a ___________ ( long term assets, long term liability, short term asset, short term liability) of $ _____________on the December 31 2018 balance sheet
Answer:
REQUIREMENT 1:
Wallace's investment would be ________ investment.
d. a significant influenceWallace owns 40% of Dressage's stocks.
REQUIREMENT 2:
1) January 1:Wallace Inc. decides to invest in 7,200 shares of Dressage stock when the stock is selling for $20 per share.
Dr Investment in Dressage, Inc. 144,000
Cr Cash 144,000
2) June 1: Dressage paid a $1.00 per share cash dividend to stockholders
Dr Cash 7,200
Cr Investment in Dressage, Inc. 7,200
3) December 31: Dressage reports net income of $80,000 for 2018.
Dr Investment in Dressage, Inc. 32,000
Cr Investment revenue 32,000
REQUIREMENT 3:
In what category and at what value would Wallace's report the investment on the December 31, 2018 balance sheet?
Wallace would report a LONG TERM ASSET of $168,800 on the December 31 2018 balance sheet
True or false: Contributions of cash and property to a corporation in exchange for shares of the corporations stock can be tax deferred.
Answer:
True
Explanation:
According to the United States of America Code, under section 351, which basically deals with the transfer to a corporation controlled by the transferor, it is TRUE that contributions of cash and property to a corporation in exchange for shares of the corporation stock can be tax-deferred.
Hence, it can be concluded that the correct answer to this question is definitely TRUE.
he following CVP income statements are available for Blanc Company and Noir Company. Blanc Company Noir Company Sales $485,000 $485,000 Variable costs 291,000 242,500 Contribution margin 194,000 242,500 Fixed costs 186,240 234,740 Net income $7,760 $7,760 (a1) Calculate Contribution margin ratio. (Round answers to 2 decimal places, e.g. 0.32.) Contribution Margin Ratio Blanc Company Noir Company
Answer:
contribution margin ratio= 0.45
Explanation:
Giving the following information:
Blanc Company Noir Company
Company Sales $485,000 $485,000
Variable costs 291,000 242,500
To calculate the contribution margin ratio, first, we need to determine the sales proportion:
Blanc= 485,000/970,000= 0.5
Noir= 485,000/970,000= 0.5
Now, we need to use the following formula:
contribution margin ratio= Weighted average contribution margin/ Weighted average sales
Weighted average contribution margin= (weighted average sales - weighted average variable cost)
Weighted average contribution margin= (0.5*485,000 + 0.5*485,000) - (0.5*291,000 + 0.5*242,500)
Weighted average contribution margin= 218,250
contribution margin ratio= 218,250 / 485,000
contribution margin ratio= 0.45