Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. describe how the following items are computed: a.

Describe how the following items are computed: a. Gross margin, and b.Contribution margin. Please be detailed.

90.2K

Verified Solution

Question

Accounting

Describe how the following items are computed: a. Grossmargin, and b.Contribution margin. Please be detailed.

Answer & Explanation Solved by verified expert
4.2 Ratings (648 Votes)
a GROSS MARGIN RATIO First of all Gross margin is generally used as a Financial Accounting measure Gross Margin or Gross Profit Sales COGS Direct Expenses Gross Margin depicts that what is the margin that the company is maintaining after deducting the cost of    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Transcribed Image Text

Describe how the following items are computed: a. Grossmargin, and b.Contribution margin. Please be detailed.

Other questions asked by students

Q

13- Management are unsure of what health and safety records must be kept or how to...

Operations Management
Q

Hemoglobin is the protein found in red blood cells that transports oxygen from your lungs to...

Biology
Q

A meteoroid of mass = 555 kg has a speed of 90.0 m/s when 700...

Physics
Q

Reactions that require energy input are called and are A exergonic B endergonic C spontaneous...

Biology
Q

b In triangle XYZ XY 40 cm YZ 57 cm and XZ 81 cm The...

Basic Math
Q

1 Use a trigonometric ratio to find the length of x in the triangle Give...

Basic Math
Q

If the net operating income is $10,000, the gross margin is $40,000, and...

Accounting
Q

How can the concept of a composite unit be used to explain why an unfavourable...

Accounting
Q

Waterway Industries recorded operating data for its shoe division for the year. The companys desired...

Accounting
Q

Kathmandu store purchased Winter jackets on 1 January on credit for $47700 excluding 10% GST...

Accounting
Q

1. Suppose that one year from now you receive $450. At the end of the...

Finance
Q

Derek has the opportunity to buy a money machine today. The money machine will pay...

Finance