The variable expense ratio for paprika is 27%.
<h3>V
ariable expense ratio</h3>
Using this formula
Variable expense ratio=Variable cost/Selling price
Where:
Variable cost=$2.43
Selling price=$9
Let plug in the formula
Variable expense ratio=2.43/9×100
Variable expense ratio=27%
Inconclusion the variable expense ratio for paprika is 27%.
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Answer:
detailed information from owners and the applying company
Explanation:
Banks require detailed information from the loan applicant and their company. The information is useful in assessing the applicant's eligibility for a loan. When issuing loans, a bank is concerned about the borrower's ability to repay. For this reason, the need will require the applicant to state the loan's purposes, how they intend to repay, income tax information, and the collateral to be provided.
The applicant has to give detailed information to convince the bank that they should get the loan.
The value of the retirement account will be the future value which is calculated using FV function of Microsoft excel as in =FV(rate,nper,pmt) where
RATE = Annual interest rate = 8% = 8/100 =0.08
NPER = number of periods = number of years = 25
PMT= Annual deposit = 5850
Retirement account value =FV(0.08,25,5850) = 427,669.75
The balance in the retirement account in 25 years = $427,669.75
Answer: 3.70
Explanation: Stock turnover can be calculated using following formula :-
where,
cost of goods sold =598,600
average stock = 162,000
now, putting the values into equation above, we get :-
= 3.70
