1answer.
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
umka21 [38]
1 year ago
8

Raven Company has a target of earning $71,900 pre-tax income. The contribution margin ratio is 25%. What amount of dollar sales

must be achieved to reach the goal if fixed costs are $39,800?
a. $39,800.
b. $287,600.
c. $446,800.
d. $375,200.
e. $534,400.
Business
1 answer:
VMariaS [17]1 year ago
5 0

The number of dollar sales to be achieved to reach the goal is $287,600

<h3>What is a dollar?</h3>
  • The official money of the United States of America is the USD (United States dollar).
  • One hundred cents make up one dollar, often known as the U.S. dollar. It is distinguished from other currencies based on the dollar by the symbol $ or US$.
  • The U.S. dollar, which is considered a standard, is the most widely used money in transactions globally. In addition, it is used as the official currency in several regions outside of the U.S., while many others use it alongside their own as an unofficial currency.

We have the following details:

Fixed Cost = $ 39,800

Earning Required = $71,900

Hence

Contribution Required= Fixed Cost+Earning Required

Contribution Required = ($39,800+$71,900)

Contribution Required = $ 111,700

We use then the following formula:

Contribution Margin ratio = Contribution Margin/Sales

25%= $ 109,900/Sales

Sales = $ 109,900/25%

Sales = $287,600.

The number of dollar sales to be achieved to reach the goal is $287,600

To learn more about dollar with the given link

brainly.com/question/14982791

#SPJ4

You might be interested in
What are examples of Information Technology careers?
Vladimir [108]

Answer:

web developer

information security analyst

product safety engineer

computer user support specialist

computer programmer

4 0
3 years ago
Walter is the manager of sales operations at Woode Industries. He has to define the sales goals for the forthcoming financial ye
Sloan [31]

Answer:

goals must be challenging, requiring hard work

Explanation:

Based on the information provided within the question it can be said that in this scenario the best guideline would be that the goals must be challenging, requiring hard work. Making the goals challenging would ensure that no one individual can do it by themselves, thus encouraging teamwork among the group, thus framing effective team goals.

6 0
3 years ago
A company has a factory that is designed so that it is most efficient (average unit cost is minimized) when producing 27,100 uni
neonofarm [45]

Answer: 64.47%

Explanation:

Units produced in October = 17470

Units production in the most efficient way = 27,100

Therefore, the capacity utilization rate in October for the factory will be:

= Units produced in October / Units production in the most efficient way

= 17470 / 27100

= 0.6447

= 64.47%

The capacity utilization rate in October for this factory is 64.47%.

7 0
3 years ago
g Builtrite has calculated the average cash flow to be $16,000 with a standard deviation of $4000. What is the probability of a
Ganezh [65]

Answer:

89.44%

Explanation:

As we know that:

Z = (Cash Flow - Mean) / Standard Deviation

Here

Cash flow is the observed value which is the lower limit here and is $11,000

Mean is the average value of the sample and is $16,000

Standard Deviation is $4,000

By putting values, we have:

Z = ($11,000 - $16,000) / $4,000

= -1.25

The Z value lower than -1.25 is 0.1056 or 10.56%

This means that the probability of cash flow lower than $11,000 is 10.56% and the probability of cash flow greater than $11,000 will be

Probability of cash flow = (1- 0.1056) = 0.8944  which is 89.44%

6 0
3 years ago
Lexington Company engaged in the following transactions during Year 1, its first year in operation: (Assume all transactions are
worty [1.4K]

Answer:

Retained Earnings Balance at end of Year 1 =  $360

Explanation:

First we need to determine the profit/loss for the year as part of the retained earnings calculation.

Lexington Company

Income Statement for the year ended - Year 1

Revenue Earned                                                $3,200

Less Expenses                                                  ($2,420)

Net Income / (Loss)                                               $780

Then we calculate the Retained Earnings Balance

Retained Earnings Statement

Beginning Retained Earnings Balance                  $ 0

Add Profit earned during the year                      $780

Less Dividends                                                   ($420)

Ending Retained Earnings Balance                    $360

5 0
3 years ago
Other questions:
  • In a small open economy, starting from a position of balanced trade, if the government increases domestic government purchases,
    6·1 answer
  • You discover that credit information on you is inaccurate. which principle does this violate?
    5·2 answers
  • William is a single writer (age 35) who recently decided that he needs to save more for retirement. his 2017 agi is $65,000 (all
    15·1 answer
  • in order to make college more affordable for students from families with fewer resources, a government has proposed allowing the
    5·1 answer
  • The rule of thumb that predicts that cpu capacity will double every two years is called ________.
    13·1 answer
  • The process begins when a customer steps into line and ends when the customer receives the receipt and leaves the store. The pro
    12·2 answers
  • Tyler Weinrich, a single investor in the 15% federal tax bracket, owns 150 shares of Newmont Exploration. The stock has risen fr
    9·1 answer
  • The _____________ concept recognizes that organizations thrive from day to day by determining the current needs and wants of tar
    11·1 answer
  • Since institutional investors own a large percentage of shares in many corporations they may have the ability to vote large bloc
    10·1 answer
  • The _______ section of the marketing plan consists of a detailed description of the article being offered.
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!