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nalin [4]
3 years ago
13

Sheridan Corporation has fixed costs of $648,640. It has a unit selling price of $7.40, unit variable cost of $5.68, and a targe

t net income of $1,522,000. Compute the required sales in units to achieve its target net income. Required sales units
Business
1 answer:
Nuetrik [128]3 years ago
8 0

Answer:

The answer is = 1,262,000units

Explanation:

Fixed cost = $648,640

Unit selling price = $7.40

Unit cost price = $5.68

Target profit/net income= $1,522,000

Unit Contribution margin = Unit selling price - unit variable cost

$7.40 - $5.68

=$1.72

Sales in units to achieve its target net income = (fixed Cost + target profit or net income)/unit contribution margin

($648,640 + $1,522,000)/$1.72

=$2,170,649 / $1.72

=1,262,000units

Therefore, Sheridan Corporation needs to sell =1,262,000units to achieve a target income of $1,522,000.

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Which of the following data analysis models use optimization techniques? Group of answer choices Prescriptive analytics Predicti
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Answer:

Prescriptive analytics.

Explanation:

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Hence, prescriptive analytics is a data analysis model that use optimization techniques.

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3 years ago
Suppose you are the CEO of a start-up toy manufacturer. You know that if your business is to be successful, you have to create a
Sauron [17]

Answer:

a. Leslie, who is independent and self-confident. She doesn’t need people to tell her what to do.

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c. Frankie, who has been in the toy business for 10 years and who knows what he’s doing, but who always likes testing a new idea.

Explanation:

In this scenario the CEO of a start-up toy manufacturer wants to create at least 10 wildly different toys in the next three years.

He will primarily need people that are creative and are inclined to work with new ideas.

The wrong choice will be someone who follows the rules and is stable. Such a staff will not contribute new ideas that will move the company to make profits.

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6 0
3 years ago
Students must choose to use their time after school either to work, to complete homework, or to relax. Which concept does this i
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The best answer is B) Scarcity

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3 0
3 years ago
Martin purchased municipal bonds that yield 7% annually and certificates of deposit which yield 9% annually.
jeka94

Answer:

the amount invested in municipal bond is $8,000

the amount invested in certificated on deposits = $11,000 - $8,000

= $3,000

Explanation:

Data provided in the question:

Annual yield on municipal bond = 7% = 0.07

Annual yield on certificated of deposits = 9% = 0.09

Initial investment = $11,000

Annual income = $830

Now,

Let the amount invested in municipal bond be 'x'

Therefore,

the amount invested in certificated of deposits = $11,000 - x

Thus,

according to question

⇒ 0.07x + 0.09( $11,000 - x ) = $830

⇒ 0.07x + $990 - 0.09x = $830

⇒ -0.02x = $830 - $990

⇒ -0.02x = -$160

⇒ x = $8,000

Hence,

the amount invested in municipal bond is $8,000

the amount invested in certificated on deposits = $11,000 - $8,000

= $3,000

7 0
3 years ago
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