Answer:
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Explanation:
Call Call me 7061528052 call me at the end of the most important thing is
Answer:
the required sales needed to achieve management’s target net income of $60,000: $900,000
Explanation:
The required sales needed to achieve management’s target profit figure are calculated by using following formula:
The required sales = (Total fixed cost + Targeted profit) / Contribution margin ratio.
For Rivera Company, variable costs are 70% of sales. The contribution margin ratio is calculated by using following formula:
Contribution margin ratio = (Sales - Total Variable cost)/Sales = (Sales - 70% of sales)/Sales = 30%
The contribution margin ratio = 30%
The required sales = ($210,000 + $60,000)/30% = $900,000
Answer:
That two projects are not mutually exclusive means the firm can implement both projects. They should run both because they both have returns exceeding the cost of capital.
Explanation: