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
elixir [45]
3 years ago
9

Carver Packing Company reports total contribution margin of $95,400 and pretax net income of $21,200 for the current month. In t

he next month, the company expects sales volume to increase by 8%. The degree of operating leverage and the expected percent change in income, respectively, are:
Business
1 answer:
Nuetrik [128]3 years ago
4 0

Answer:

Degree of operating leverage= 4.5

Expected percentage change in income = 36%

Explanation:

To find the degree of operating leverage we use the formula:

Degree of operating leverage= contributing margin/ net income

= 95400 / 21200 =4.5

For percentage change in income we use:

Expected % change in income = % increase in sale * degree of operating leverage

= 8% * 4.5 =

= 36%

You might be interested in
What term refers to people who are trendy and fashionable in order to impress others and are often impulse buyers?
oee [108]

Answer: Strivers

Explanation:

The term that refers to people who are trendy and fashionable in order to impress others and are often impulse buyers is Strivers.

It should be noted that Strivers are usually consumers that are from low income families but they so much believe in style and fashion and really wants to impress and emulate celebrities or high income earners who use lastest trends or fashion.

5 0
3 years ago
Determine the market potential for a product that has 20 million prospective buyers who purchase an average of 2 per year and pr
Gnoma [55]

4,000,000 units should be sold a company

<u>Explanation:</u>

<u>Calculating the sales in units:</u>

It has been given that the toal market demand is $20 million, average quantity purchased by buyer per year is 2 units, price average is $50, and the desired share of the market is 10%.

Q=n * q * p

Where:

Q = Total market demand,

N = number of buyers in the market, q = average quantity purchased by the buyer per year,

P = price of average unit

$\mathrm{Q}=20,000,000$ buyers $* 2$ per unit per buyer $* \$ 50$ per unit

= $2,000,000,000

Market share = $(20,000,000 \text { buyers } * 2 \text { units per buyer }) * 0.1$

= 4,000,000 units

Hence, the company should sell 4 million units to achieve 10 percent market share.

6 0
3 years ago
#15 Ruth Handler owns a home that has a replacement value....
vichka [17]

The correct answer is $737 premium per year.

The steps to solving this problem is to first determine the amount of homeowner’s insurance that you need. It is specified that they are looking for a policy that is equal to 80% of the home’s replacement value. The value of the home is $312,500, so 80% of that is $250,000 (312,500 x .8).

Next, locate the row for $250,000 and then locate the Brick/Masonry section, which is the first one. Under that heading you will see the breakdown of different classes. The first column is for fire protection classes 1-6, which includes 4. So, your answer is in the first cell to the right of $250,000.

5 0
3 years ago
A sales quota is usually expressed in a dollar amount or in __________.
gizmo_the_mogwai [7]

A. Volume........................................................

6 0
4 years ago
Read 2 more answers
Consider these transactions: (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
algol [13]

Answer:

Dr Visa card 194

Dr Bank charges 6

Cr Sales revenue 200

Explanation:

Crane Company Journal entry

Dr Visa card 194

Dr Bank charges (200*3%) 6

Cr Sales revenue 200

4 0
3 years ago
Other questions:
  • One way of shooting a bow is the instinctive aiming method. what is true about this method? you look at the target with the righ
    6·1 answer
  • If people lost confidence in the government which money would have the least value flat money representative money commodity mon
    7·2 answers
  • One tactic that organizations implement to help employees attain new jobs after going through layoffs is
    15·1 answer
  • 1.the biggest problem when using metals or cowry shells for trading is____
    12·2 answers
  • Incentive or variable pay is defined as compensation other than​ ________ that​ fluctuate(s)
    11·1 answer
  • if you had to reduce your spending to balance your budget, which would you try to reduce first variable or fixed expenses PLEASE
    10·1 answer
  • Successfully starting and running a business requires drive, talent, and clear vision of a long-range
    5·2 answers
  • The ___________________Party believes in individual freedom and that the only purpose of government is to protect this freedom.
    13·1 answer
  • What is a tax bracket? in your own words. ​
    6·1 answer
  • The famous Oreo cookie has added to its brand. The Oreo company now sells piecrusts, ice cream cones, and cookie dough. Now Oreo
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!