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
GenaCL600 [577]
3 years ago
13

​Matthew's Fish Fry has a monthly target operating income of​ $6,600. Variable expenses are​ 80% of sales and monthly fixed expe

nses are​ $840. What is the monthly margin of safety in dollars if the business achieves its operating income​ goal?
A. ​$29,760
B. ​$41,400
C. ​$33,000
D. ​$37,200
Business
1 answer:
Natasha2012 [34]3 years ago
5 0

Answer:

The correct answer is C

Explanation:

Break even Sales is computed as:

Contribution margin ratio = Fixed Cost / Break even Sales

where

Contribution margin ratio = 1 - Variable expense of 80%

= 20%

Fixed Cost is $840

30% = $840 / Break even Sales

Break even Sales = $840 / 20%

= $4,200

The actual sales is computed as:

Actual Sales = (Fixed Cost + Desired Profit) /  Contribution margin ratio

= ($840 + $6,600) / 20%

= $7,440 / 0.2

= $37,200

The margin of safety is computed as:

Margin of Safety = Actual Sales - Break even sales

= $37,200 - $4,200

= $33,000

You might be interested in
You own a portfolio that has a total value of $235,000 and it is invested in Stock D with a beta of .82 and Stock E with a beta
Vlad1618 [11]

Answer:

ok man. Copied text is stored in the clipboard for 1 hour.Press and hold an item to delete it.Press and hold an item to pin it.Press and hold an item to pin it.Press and hold an item to pin it.Press and hold an item to pin it.Press and hold an item to pin it.Press and hold an item to pin it.Press and hold an item to pin it.Press and hold an item to pin it.Press and hold an item to delete it.Copied text is stored in the clipboard for 1 hour.Copied text is stored in the clipboard for 1 hour.Copied text is stored in the clipboard for 1 hour.Press and hold an item to delete it.Press and hold an item to delete it.Press and hold an item to delete it.Press and hold an item to delete it.Press and hold an item to delete it.Press and hold an item to pin it.Press and hold an item to delete it.Press and hold an item to delete it.Press and hold an item to delete it.Press and hold an item to delete it.Press and hold an item to delete it.Press and hold an item to delete it.Press and hold an item to delete it.Press and hold an item to delete it.Press and hold an item to delete it.Press and hold an item to delete it.Press and hold an item to delete it.Press and hold an item to delete it.Press and hold an item to delete it.Press and hold an item to delete it.Press and hold an item to pin it.Copied text is stored in the clipboard for 1 hour.Press and hold an item to pin it.Press and hold an item to delete it.Copied text is stored in the clipboard for 1 hour.

8 0
4 years ago
Disadvantage of snob appeal​
Natasha2012 [34]

Answer:

The purpose of snob appeal is to persuade a consumer to purchase a product or service by convincing him or her that the purchase will elevate their status. By appealing to individuals' desires to be among the elite, advertisers attempt to sell their products.

For example, some different ads that illustrate snob appeal include the following:

Cigarette ads with big and tough guys smoking cigarettes makes it seem that the consumer, too, could be among the elite hearty men who smoke cigarettes.

Commercials that show men drinking a certain brand of beer attracting all of the beautiful women in a bar gives the underlying message that drinking that beer will make the consumer more attractive to women.

A food commercial that highlights parents who are "Number One" that purchase a certain food product implies that the consumer will also be a top notch parent if he or she purchases the product.

A perfume advertisement that features a woman dressed in fancy clothes and very expensive jewelry appeals to the "inner snob" by implying that a woman who wears that perfume will be equally as exquisite in appearance.

A commercial for cat food that shows a cat eating a certain brand of food in a posh house with a fancy pet dish makes the consumer feel she is treating her cat the best she possibly can by purchasing that food.

A military slogan that says, "Do you have what it takes?" is appealing to snob appeal by trying to recruit members implying that they are an elite group that has characteristics that others do not possess.

When a company is attempting to sell its services over competitors' services and states "You don't want to deal with those OTHER companies…" it is attempting to elevate its own image to be more appealing as an elite company.

A wireless phone company shows commercials of people waiting in lines to get their phones and the images of those who have the phones are of well-dressed and popular people. The phone company is making it seem extremely desirable to be a part of the group of people who are elite enough to own that phone.

A linen company features their products in an advertisement in a posh and fancy home implying that those who purchase their linens are amongst the elite.

Featuring a popular celebrity in a commercial in which she states she would never use another brand makes the product seem more appealing to the consumer.

A commercial for big screen televisions shows a large group of people watching the Superbowl and having fun, stating that "everyone will want to be at your house" implies that the purchase of the television will make the consumer popular and part of an elite group.

Explanation:

6 0
2 years ago
Punkeytown carries no insurance for possible claims and, as of January 1, 2019 (the start of its fiscal year), Punkeytown had no
Simora [160]

Answer: Will report a liability of $5000 for judgement debt and a claim of $11,000

Explanation:

The liability refers to the obligations of the firm which are certain is going to make payment as compensation.

The $5000 liability, although payment has not been made it's already Incurred by the company under the acural concept.

The claim of $11,000 is only probable and not certain even though amount and time of execution can be estimated, since it's not certain it will only be recorded as a claim in the goverments fund balance sheet.

4 0
3 years ago
The questionnaire used in Fiedler's model to determine leadership orientation is called the
Yakvenalex [24]

The answer to the question is (B) least preferred coworker scale.

Fiedler uses this for his contingency leadership model, which describes how the best leader is the ones who showcased the best behaviors to manage the circumstances that he or she finds themselves in.

The LPC (least-preferred coworker scale) <u>measures an individual’s leadership orientation, where high scores have high human relations orientation and low scorers have high task orientation.</u>

3 0
3 years ago
Joan Johnson is a paralegal for a large law firm that handles corporate and securities work. The lawyer for whom Joan works alwa
Mariulka [41]

Answer:

1. Based on her years of experience, Joan Johnson can answer the question by detailing the advantages and disadvantages of incorporating in each state for the client.

2. If Joan does not feel confident enough to address the question, then she can refer the matter to her supervisor.

3. If Joan answers, the client will derive immediate satisfaction and will be confident to continue the relationship with the firm.  This is because his awareness that the firm can address his questions is re-enforced.

4. If Joan does not answer the client immediately, the client may feel that the firm's personnel are not well-trained and are unable to handle not-too difficult technical issues.

Explanation:

A firm's clients usually require immediate clarifications whenever they ask their questions.  Therefore, an effective and efficient firm should ensure that its paralegal officers are well-trained and well-informed to handle initial client enquiries while the details are referred to their supervisors.

8 0
3 years ago
Other questions:
  • An apartment manager seeks to evict a tenant for filing a discrimination complaint. What California Fair Housing law has the man
    13·2 answers
  • On a large college campus first-year students and sophomores live in dorms located on the eastern part of the campus and juniors
    8·1 answer
  • 8. Anna Drew sells custom cabinets and
    15·1 answer
  • Central banks are responsible for:
    8·2 answers
  • Consider the following​ statement: ​"Real GDP is currently​ $17.7 trillion, and potential real GDP is​ $17.4 trillion. If Congre
    8·1 answer
  • A disparate impact case: a. requires the same proof as a disparate treatment case. b. does not apply to promotions. c. requires
    5·1 answer
  • The flat tax
    12·1 answer
  • Choose the correct statements. 1. Foreign currency is always in the form of notes or coins. nothing 2. The foreign exchange mark
    11·1 answer
  • True or False: A Mark Down is the amount added to the cost of a product to set the selling priceImmersive Reader
    12·1 answer
  • The Back Room just paid an annual dividend of $1.50 a share. The firm expects to pay dividends forever and to increase the divid
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!