answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
zalisa [80]
2 years ago
6

Raven Company has a target of $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:
MrRa [10]2 years ago
8 0

Answer:

Sales will be $353333.33

Explanation:

We have given fixed Cost = $ 38,600

Earning Required = $70,000

Contribution margin ratio = 30 %

Hence Contribution Required= Fixed Cost+Earning Required  = $70000+$36000 = $106000

We know that contribution margin ratio is given by

Contribution margin ratio =\frac{contribution\ margin\ }{sales}

0.3=\frac{$106000 }{sales}

Sales = $353333.333

                 

You might be interested in
What is martin suarez current physical address
pashok25 [27]

Answer:174 SE Naranja Ave, Port Saint Lucie, FL ; 38 Maple St, Fitchburg, MA ; 461 SE Thornhill Dr, Port Saint Lucie, FL

Explanation:

3 0
2 years ago
Read 2 more answers
The balances in Sanchez Accounting Services' office supplies account on February 1 and February 28 were $1,100 and $475, respect
Hitman42 [59]

Answer:

$575

Explanation:

Given that,

Opening office supplies = $1,100

Closing office supplies = $475

Office supplies expense for the month = $1,200

Opening stock + Purchases - Closing stock = Consumption

$1,100 + Purchases - $475 = $1,200

$625 + Purchases = $1,200

Purchases = $1,200 - $625

                  = $575

Therefore, the amount of office supplies was purchased during February is $575.

7 0
2 years ago
The operations of Winston Corporation are divided into the Blink Division and the Blur Division. Projections for the next year a
morpeh [17]

Answer:

c. $112,800

Explanation:

The computation of operating income is shown below:-

= (Contribution margin of blink division × Increase sales percentage) - Fixed cost of blink division - Allocated common costs of blink division - Allocated common costs of blur division

= ($218,000 × 135%) - $93,000 - $48,000 - $40,500

= $294,300 - $93,000 - $48,000 - $40,500

= $112,800

5 0
2 years ago
How frequently does John typically receive account statements from his bank?
masha68 [24]
He receives them weekly
8 0
2 years ago
Lori recently quit her job and decided to start her own company, which will sell makeup to small beauty salons. What should she
dedylja [7]

Lori has already decided she wants to sell beauty products and market them to small beauty salons. She now needs to decide how she wants to price her product so that the beauty salons will buy it. Option B. decide how to price her product is the next step that Lori should take. After she decided the price, she will have the what, where and how much and then she can move on to how she will advertise her product to the small beauty stores.

5 0
2 years ago
Read 2 more answers
Other questions:
  • Rodeo ranch's agent slim is authorized to draw checks on rodeo ranch's account in town bank. upper range corporation is a rodeo
    13·1 answer
  • Swifty Corporation reported net sales of $260,000, cost of goods sold of $156,000, operating expenses of $63,000, net income of
    10·1 answer
  • As is common payroll procedure for most employers, Penelope's company _____________ her paycheck semimonthly into her checking a
    8·1 answer
  • Here's Mia's profit for the month. Decide how much Mia should put into her savings account.
    14·1 answer
  • Minnetonka Company leases an asset. Information regarding the lease:
    8·2 answers
  • Brookman Inc's latest EPS was $2.75, its book value per share was $22.75, it had 275,000 shares outstanding, and its debt/total
    11·1 answer
  • Countercyclical monetary policy means that _________________. Select the correct answer below: the Fed lowers interest rates dur
    12·1 answer
  • Bethany works for FastFashion Inc. which has set the same sales target for all employees in their 550 stores across the globe. T
    6·1 answer
  • The process of putting strategy into action is known as:_________a. Environmental analysis.b. Strategy formulation.c. Strategic
    14·1 answer
  • Qualitative factors are non-financial in nature but are important for management to consider when making decisions. Reflecting o
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!