These are two rankings of the contribution margin ratio for insurance policy types, do the...
80.2K
Verified Solution
Link Copied!
Question
Accounting
These are two rankings of the contribution margin ratio for insurance policy types, do the ranking agree with each other? Should these two rankings always be the same? Explain
D14 B C D 1 2 3 Row Labels Professional Home 5 Disability 7 Auto 3 Life 3 Grand Total Sum of Sales Sum of Variable Cost Sum of Contribution Margin $ 18,060,069.28 $ 4,283,214.14 $ 13,776,855.14 $ 8,691,800.96 $ 1,986,900.33 $ 6,704,900.63 $ 6,553,515.24 $ 1,957,372.11 $ 4,596,143.13 $ 9,064,797.71 $ 4,531,649.20 $ 4,533,148.51 $ 3,498,984.26 $ 390,400.55 $ 3,108,583.71 $ 45,869,167.45 $ 13,149,536.33 $ 32,719,631.12 Count of Contribution Margin 3 Average of Contribution Martin 13051 5 1,055, 52 12930 5 $12.95 12818 5 358.57 12943 5 350.24 12802 $ 64544 $ 306.94 2 3 5 6 8 9 1 2 Row Labels - sum of Mratio Life 5 Home 5 Professional 7 Disability B Auto 9 Grand Total 88.84% 77.14% 76.28% 70.13% 50.01% 71.33% 2 D14 B C D 1 2 3 Row Labels Professional Home 5 Disability 7 Auto 3 Life 3 Grand Total Sum of Sales Sum of Variable Cost Sum of Contribution Margin $ 18,060,069.28 $ 4,283,214.14 $ 13,776,855.14 $ 8,691,800.96 $ 1,986,900.33 $ 6,704,900.63 $ 6,553,515.24 $ 1,957,372.11 $ 4,596,143.13 $ 9,064,797.71 $ 4,531,649.20 $ 4,533,148.51 $ 3,498,984.26 $ 390,400.55 $ 3,108,583.71 $ 45,869,167.45 $ 13,149,536.33 $ 32,719,631.12 Count of Contribution Margin 3 Average of Contribution Martin 13051 5 1,055, 52 12930 5 $12.95 12818 5 358.57 12943 5 350.24 12802 $ 64544 $ 306.94 2 3 5 6 8 9 1 2 Row Labels - sum of Mratio Life 5 Home 5 Professional 7 Disability B Auto 9 Grand Total 88.84% 77.14% 76.28% 70.13% 50.01% 71.33% 2
Answer & Explanation
Solved by verified expert
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: Zin AI - Your personal assistant for all your inquiries!