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lapo4ka [179]
2 years ago
13

Use the information below to answer questions 4-7. Drake Company's income statement for the most recent year appears below:

Business
1 answer:
Colt1911 [192]2 years ago
6 0

Answer:

(A) $731,250

Explanation:

The formula to compute the break-even point in sales dollars is shown below:

= (Fixed expenses or Fixed cost) ÷ (Contribution ratio)

where,

Contribution ratio = Contribution margin ÷ sales

                             = $208,000 ÷ $650,000

                             = 0.32 or 32%

And, the fixed expense is $234,000

Now put the values to the above formula

So, the value would equal to

= $234,000 ÷ 32%

= $731,250

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Irene plans to retire on January 1, 2020. She has been preparing to retire by making annual deposits, starting on January 1, 198
worty [1.4K]

Answer:

$16,876

Explanation:

first we have to calculate how much money Irene saved until January 1, 2001:

P = PMT ×   [(1 + r)ⁿ - 1] / r

  • PMT = 2,300
  • r = 8.4%
  • n = 22

P = 2,300 ×   [(1 + 8.4%)²² - 1] / 8.4% = $134,089

if she stops making any more payments, in 19 years those $134,089 will be worth:

FV = PV x (1 + r)ⁿ

  • PV = $134,089
  • r = 8.4%
  • n = 19

FV = 134,089 x (1 + 8.4%)¹⁹ = $620,797

that means she still needs to get $1,350,000 - $620,797 = $729,203

we can use the first formula to determine the payments she will need to make during the next 19 years:

P = PMT ×   [(1 + r)ⁿ - 1] / r

  • P = 729,203
  • r = 8.4%
  • n = 19
  • PMT = ???

PMT = P /  {[(1 + r)ⁿ - 1] / r}

PMT = 729,203 / {[(1 + 8.4%)¹⁹ - 1] / 8.4%} = 729,203 / 43.21 = $16,876

7 0
1 year ago
When American Airlines decided to review new ideas aimed at first-class passengers on very long flights, like an ultra high-spee
Butoxors [25]

Answer:

define the problem and research objectives

Explanation:

According to my research on the marketing research process, I can say that based on the information provided within the question their first step was to define the problem and research objectives. This allows the company to come up with the right strategy for this specific situation in order to achieve their objectives.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

4 0
1 year ago
Who determines who is authorized for access to areas containing sensitive devices/data/system
Alex Ar [27]

Answer:

Im thinking it is the FBI

Explanation: MY guess would point to the FBI bc they are the ones who come in on cyber related crimes. so i would say A is the correct answer

6 0
2 years ago
Read 2 more answers
Dan saves a portion of his income in an interest-earning account. In the loanable funds market, Dan is b. John owns a pizzeria a
Ksju [112]

Answer:

Check the explanation

Explanation:

a) Dan is a "Supplier" of funds.

b) Jon is a demanded of funds.

c) Savers save more when the real interest rate is "increase" and the supply of the loanable fund slopes "upward".

d) Borrowers like JOn are likely to borrow more when the interest rate is "decreasing " adn therefore, the demand for loanable funds slope "Downward".

7 0
2 years ago
Blacken Company manufactures motorcycles. The company's management accountant wants to calculate the fixed and variable costs as
Alex

Answer:

fixed cost = 11.026,6

Explanation:

we will use the High-Low method to sovle for variable and fixed component of utilities:

We subtract the high form the low

\left[\begin{array}{ccc}High&2710&34712\\Low&2200&30255\\Diference&510&4457\\\end{array}\right]

510 hours generates 4,457 cost in utilities.

so variable cost:

4,457 / 210 = 8.74

Then we solve for fixed cost:

total cost = variable cost x Q + fixed cost

34,712 = 8.74(2,710) + fixed cost

fixed cost = 11.026,6

6 0
2 years ago
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