Answer the Following Questions Using the Information Below:
Hobart Garden

question 201

Multiple Choice

Answer the following questions using the information below:
Hobart Garden Centre provides the following information for the month of May:
$$\begin{array} {c } &&&&&&&&&&&&&&&&& { \text { Actual } } & &&&&&{ \text { Budget } } \\\end{array}\\\begin{array} { l r r r r } & \text { Fuchsia } & \text { Dogwood } & \text { Fuchsia } & \text { Dogwood } \\\text { Sales in units } & 10000 & 2500 & 8000 & 2000 \\\text { Contribution margin per unit } & \$ 9 & \$ 7 & \$ 10 & \$ 8\end{array}$$
-What is the budgeted contribution margin per composite unit for the budgeted mix?

• A)$8.60
• B)$9.00
• C)$8.00
• D)$9.60

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Definitions:

Par Value

The face value of a bond or stock, as stated by the issuing company. This is the nominal value and may differ from the market value.

Coupon Bond

A bond that pays the holder a fixed interest rate (coupon) over the bond's lifetime and repays the principal at maturity.

Current Yield

A measure of the annual income (interest or dividends) generated by an investment, expressed as a percentage of the current market price.

Par Value

The face value of a bond or stock as stated by the issuing company, which may differ from its market value. For bonds, it's the amount to be repaid at maturity; for stocks, it's the nominal value assigned upon issuance.