Answer:
Target dollar sales = $353,333
Explanation:
First we need to find out how much contribution do we need to get a profit of 70,000.
Profit= Contribution - Fixed cost.
70,000=Contribution-36,000
70,000+36,000=106,000
Contribution= 106,000
Now in order to find the sales we will use the formula
Target Sales= Contribution/Contribution margin
Contribution = 106,000
Contribution margin =30%=0.3
Input the values into the formula
106,000/0.3=353,333.333
Answer: 180%
Explanation:
Return on investment = (operating income/sales) x (sales/total assets)
=> operating income / total assets
given Operating income=1,800,000
Total assets.1,000,000
Current liabilities.=810,000
Return on investment=1,800,000/1,000,00=1.8 X 100= 180%
Raw Materials Inventory $XX Accounts payable
Answer:
d
Explanation:
A stockholder is an investor that purchases shares in a company. A stockholder is regarded as the owner of the company.
According to accounting information :
Stockholders' equity = total assets - Total liabilities.
Stockholders' equity is the claim a shareholder has on a company's assets after total liabilities have been subtracted
The historical cost principle requires assets to be recorded at its historical cost regardless of changes in the value of the asset
The ultimate goal of accounting according to trueblood criterion is to predict future cash flows to the investor or creditor
<h3>What is a
trueblood criterion?</h3>
In accounting, its means the reporting on the past & present firm information that could help us predict future cash flow to firm.
Hence, by virtue of trueblood criterion, the ultimate goal of accounting is to predict future cash flows to the investor or creditor.
Therefore, the Option C is correct
Missing options "A) Predict future cash flows to the firm
B) Predict income to the investor or creditor
C) Predict future cash flows to the investor or creditor
D) Predict income to the firm"
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