<span> reasons people don’t manage their money well for the future is that most of the peoples income is less than their expenditurs.an other reason is that some people have no idea about money management</span>
Answer:
The answer is d. wholly owned subsidiary
Explanation:
A wholly owned subsidiary is a company whose entire stock is held by another company, called the parent company. In this case Fun Times will own 100% of Events & Adventures' common stock.
To achieve a target profit of $930,000, Softies' sales must be $1,520,000.
<h3>
What is target profit?</h3>
- Target profit is the amount of profit that a company's managers anticipate achieving by the conclusion of a specific accounting period.
- Typically, the target profit is established from the budgeting process and is compared to the actual result in the income statement.
- If they chose to earn a 20% margin on each sale, they will make a $50 profit on each chair sold.
- As a result, if the corporation wishes to make $50 per chair and sell the chair for $200, the chair must be manufactured for $150 or less.
To find the target profit of Softie, Inc.:
- Sales = ($240,400 + $930,000) ÷ 0.77
- = $1,520,000
Therefore, to achieve a target profit of $930,000, Softies' sales must be $1,520,000.
Know more about target profit here:
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The business cycle is the movement of an economy from one condition to another and back again. The business cycle is also known as the economic cycle or trade cycle. This cycle represents the movement of resources from one end and their comeback at the same end after revolving. It can be understood as a businessman invests money in the business in the form of costs and the money comes back in the form of revenue or sales.
Hence the answer is the <u>Economic cycle</u>
Answer and Explanation:
The computation is shown below:
a. The break even quantity is
= Fixed cost ÷ (selling price per unit - variable cost per unit)
= $26,000 ÷ ($1 - 0.35)
= $26,000 ÷ 0.65
= 40,000
b. The price is
Let us assume the price per pen be x
As we know that
Profit = Revenue - costs
$16,000 = (x)(41,000) - $26,000 - .35(41,000)
$16,000 = 41,000x - 40,350
$56,350 = 41,000x
x = $1.37
