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prohojiy [21]
2 years ago
9

Raven Company has a target of earning $70,000 pre-tax income. The contribution margin ratio is 30%. What amount of dollar sales

must be achieved to reach the goal if fixed costs are $36,000?
Business
1 answer:
victus00 [196]2 years ago
6 0

Answer:

Target dollar sales = $353,333

Explanation:

First we need to find out how much contribution do we need to get a profit of 70,000.

Profit= Contribution - Fixed cost.

70,000=Contribution-36,000

70,000+36,000=106,000

Contribution= 106,000

Now in order to find the sales we will use the formula

Target Sales= Contribution/Contribution margin

Contribution = 106,000

Contribution margin =30%=0.3

Input the values into the formula

106,000/0.3=353,333.333

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if Jane attends graduate school, it will take her two years, during which time she will earn no income. She will pay a total of
Soloha48 [4]

Answer:

she could earn a total of $71,000 instead of attending graduate school.

Explanation:

economic costs = accounting costs + opportunity costs

Jane's accounting costs = $100,000 in tuition + $20,000 room and board + $2,000 books

Jane's opportunity costs = unearned wages - $18,000 room and board (already included in accounting costs)

if Jane's economic cost = $175,000, then her unearned wages would equal:

$175,000 = $122,000 + unearned wages - $18,000

$175,000 = $104,000 + unearned wages

$71,000 = unearned wages

5 0
2 years ago
Bonnie is writing a growth plan for her bicycle repair shop. She wants to pay off the loan for the building she uses for her bus
kati45 [8]

Answer:

Financial goals

Explanation:

3 0
2 years ago
7. ______ Which of the following is NOT a factor that should be considered in multinational capital budgeting? a. Blocked funds.
FinnZ [79.3K]

Answer:

 The correct answer is D: All of these should be considered.

Explanation:

The following is a list of things to be considered in a multinational capital budgeting:

  1. Exchange rate fluctuations. Different scenarios should be considered together with their probability of occurrence.
  2. Inflation
  3. Financing arrangement
  4. Blocked funds
  5. Uncertain salvage value
  6. Impact of project on prevailing cash flows
  7. Host government incentives

Cheers!

7 0
2 years ago
Read 2 more answers
On December 31, 2020, Berclair Inc. had 200 million shares of common stock and 3 million shares of 9%, $100 par value cumulative
ch4aika [34]

Answer:

Earnings Per share = $0.83

Diluted Earnings per share = $0.71

Explanation:

Basic Earnings per share is how much each common stock share earns in profits and Diluted Earnings includes the options and bonds in its calculations for outstanding shares

formulas

Earnings Per share = (net income - Preferred stock dividends)/ outstanding number of shares

                              = $150/180

                              = $0.83

Diluted Earnings per share = (net income - Preferred stock dividends)/ outstanding number of shares

                                             = $150/210

                                             = $0.71

Outstanding number of shares  in millions

opening                                                       200

minus treasury stock                                 - 24

issued stock                                                 4

Basic outstanding shares                       = 180 shares

plus  share Options                                    30

Diluted shares                                           210

                 

4 0
2 years ago
.Rhonda has agreed to invest $16,000 in a partnership with her sister and brother-in-law. Rhonda does not plan to work in the pa
Elena-2011 [213]

Answer:

The correct answer is option 4.

Explanation:

Rhonda has agreed to invest $16,000 in a partnership with her sister and brother-in-law. she does not plan to work in partnership or invest any of her wealth other than $16,00. But she intends on sharing profits. This implies that Rhonda is a limited partner in the business.

A limited partner is a partial owner of a business. His/her liability to the business's debts is limited to the extent of the amount he/she has invested in the business. Such partners are often called silent partners as they don't have any involvement in the day to day operations.

3 0
2 years ago
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