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2 years ago

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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Target's brand promise "Expect More. Pay Less" and appeal to higher-income, fashion-conscious discount shoppers illustrates the

blagie [28]

Answer:

The correct option is D. integrated cost leadership/differentiation

Explanation:

Integrated cost leadership/differentiation is a business level strategy where differentiated products are offered in market at low cost.

Differentiated product signifies the unique characteristics the customer values and cost leadership signifies that the product is offered at the lower-cost, i.e., at a margin just above average costs.

It is useful in gaining wide customer base especially in a global frontier.

8 0

2 years ago

Read 2 more answers

The fictional country of Anastialia is a small country with rich resources in minerals. In an 8 hr work day it can produce 100 p

Ksivusya [100]

Answer:

c. comparative advantage

Explanation:

As we know that

The one pound of silver would be equivalent to 0.5 pound of copper

And,

one pound of copper would be equivalent to 2 pounds of silver

based on this, there is a comparative advantage with respect to the silver production

Hence, the correct option is c.

Therefore all the other options are incorrect

3 0

2 years ago

Compuvac Company has just completed its first pass forecast using the projected balance sheet method. need a total of 13,050,00

aivan3 [116]

Answer:

Incremental change in AFB would be $ 480,000

Explanation:

(a) Debt = $ 4,000,000

Interest on debt = 10%

Therefore, Interest outgo on debt = 10% of Debt

=10% of $4,000,000

=$ 400,000

(b) Dividend payable = $0.48 per share(given)

No of shares = 500,000 (given)

Therefore, Outgo on account of dividend = $ 0.48 /share * no of shares

=$0.48 * 500,000

=$240,000

Therefore, incremental AFN = (a)+(b)-(c) = $ 400,000 + $ 240,000 - $160,000 = $480,000

Incremental change in AFB would be $480,000

6 0

2 years ago

"Stock in Daenerys Industries has a beta of 0.73. The market risk premium is 10 percent, and T-bills are currently yielding 5 pe

ololo11 [35]

Answer:

CAPM = 12.30%

Dividend Growth Model= 10.32%

Explanation:

According to the capital asset price model: Expected rate of return = risk free + beta x (market premium)

5% + (0.73 x 10%) = 12.30%

according to the constant dividend growth model

price = d1 / (r - g)

d1 = next dividend to be paid

r = cost of equity

g = growth rate

$35 = $1.6 x (1.055) / (r - 0.055)

r = 1.688 / 35 + 0.055 = 0.1032 = 10.32%

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2 years ago

Soup and salad cost $5.50 in total. the soup costs a dollar more than the salad. how much does the salad cost (in cents)?

atroni [7]

Soup + Salad = 5.50

Soup = Salad + 1

Subtitute both formulas into:

Salad + 1 + Salad = 5.50

2 Salad = 4.50

Salad = $ 2.25

= 225 cents

4 0

2 years ago

Read 2 more answers