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nalin [4]
2 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]2 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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Augi is the hottest new pop singer, but her agent discovers that Internet sales of Augi's music have been poor due to Internet p
Serggg [28]

Answer:

The correct answer is letter "C": keep prices of downloads low and raise prices for concerts and merchandise.

Explanation:

To maximize profits, Augi's agent should not stop doing any of the commercial activities the pop singer has been carrying out. However, a way to deal with Augi's music internet piracy, the agent could lower the online-song prices but the "losses" can be compensated by raising the concert ticket prices and the singer's merchandise sold there since most of Augi's concerts are sold-outs.

3 0
2 years ago
Assume Jennifer has owned an EE bond for 4 years. The fixed rate of interest is 10% and the current value of the bond is $4000.
lakkis [162]

Answer:

400

Explanation:

Given:

Face Value of the bond = $4000

The fixed rate of interest is r = 10%

If f Jennifer were not to cash in the bond tomorrow, it means she have the value of $4000  after 4 years. But tomorrow she were to cash, so the interest she lose is:

I = FV*r = 4000*10% = 400

3 0
2 years ago
Arisk-neutral consumer is deciding whether to purchase a homogeneousproduct from one of two firms. One firm produces an unreliab
MatroZZZ [7]

Answer:

Uncertainty over Reliable and Unreliable Product

a. Given this uncertainty, the most this consumer will pay to purchase one unit of this product is $25

b. The amount that this consumer will be willing to pay for the product if the firm offering the reliable product includes a warranty that will protect the consumer is $50.

c. This is because the stated maximum amount that the consumer is willing to pay for the reliable product is $50.  She is not prepared to spend more than this amount on the reliable product.

Explanation:

a) Data and Calculations:

                                                                    Unreliable     Reliable

Maximum amount the consumer will pay      $0              $50

Probability of reliability                                    0.5              0.5

Expected amount to pay for either product  $0              $25 ($50 * 0.5)

a. Given this uncertainty, the most this consumer will pay to purchase one unit of this product is $25 ($0 + $25)

5 0
2 years ago
Which market structure has a single company or seller in a market with many barriers to entry?
Nesterboy [21]
<span>The question is asking which market structure has a single company or seller in a market with many barriers to entry and the answer is C. Monopoly. A monopoly is a situation where only one company has a chance to sell their products. Think for example about a national post company that is the only company that has the right to enter people's houses and access their mailbox- this is an example of a monopoly.</span>
8 0
3 years ago
Read 2 more answers
Lasting Summer Inc. has $2,510 in the October 1 balance of the accounts receivable account consisting of $1,060 from Champion Co
Feliz [49]

Answer:

Explanation:

REVENUE JOURNAL

DATE. DES. NO. DR. CR

3 Oct. Palace 622. $2,890

8 Oct Sunny. 623. $1,940

18 Oct Amex. 624. $2,970

28 Oct Wayfarer 625. $900

30 Oct. Rogers. . $120

Total revenue. $8,820

Less pmt in the month $3,010

Amount receivable. $5,810

Account receivable

Date. Description. Dr. Cr

1 Oct. Bal b/f. $2,510

3 Oct. Palace $2,890

5 Oct. Champion. $1,060

8 Oct Sunny. $1,940

12 Oct. Wayfare. $1,450

18 Oct Amex. $2,970

23 Oct. Palace. $2,890

28 Oct Wayfarer $900

Balance c/d. $5,810

7 0
3 years ago
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