Answer:
955 unit
Explanation:
Data provided in the question:
Selling price per unit = $670
Variable cost per unit = $250
Total fixed costs = $327,600
Income tax rate = 35%
After tax Desired profit = $47,775
Now,
Before tax profit = [ After tax Desired profit ] ÷ [1 - Tax rate ]
= $47,775 ÷ [1 - 0.35 ]
= $73,500
Contribution required = Total fixed costs + Before tax profit
= $327,600 + $73,500
= $401,100
Contribution margin per unit = Selling price per unit - Variable cost per unit
= $670 - $250
= $420
Therefore,
No of unit required to be sold
= [ Contribution required ] ÷ [Contribution margin per unit ]
= $401,100 ÷ 420
= 955 unit
Answer:
times interest ratio = EBIT / interest expense
1)
Kringle: TIE ratio = ($40,870 - $10,300 - $350) / $350 = 86.34
Leihman: TIE ratio = ($46,320 - $12,080 - $2,000) / $2,000 = 16.12
2)
Kringle was better able to cover its interest expenses since its TIE ratio is much higher than Leihman's (more than 5 times higher). This means that it is much easier for Kringle to pay off the interests on its debt.
Answer: The credit card number is stored in his short memory.
Explanation:
Oliver stored the 16-digits number in his short memory, this short term memory is limited in duration and capacity. Short term memories as the name implies don't last and can easily be forgotten.
Answer:
n = 24.53
Explanation:
Simple interest investment ; A = P *N*I
; $188,000= $105,000*0.073*n
; $188000 =7665n
;$188000/$7665 = n
; n =24.53