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
attashe74 [19]
3 years ago
15

Cassius Corporation has provided the following contribution format income statement. Assume that the following information is wi

thin the relevant range.
Sales (7,000 units) $210,000
Variable expenses 136,500
Contribution margin 73,500
Fixed expenses 67,200
Net operating income $6,300
The number of units that must be sold to achieve a target profit of $31,500 is closest to:

A. 16,400 units
B. 42,000 units
C. 35,000 units
D. 9,400 units
Business
1 answer:
Sveta_85 [38]3 years ago
6 0

Answer:

= 9,400 units

Explanation:

Sales (7,000 units) $210,000

Variable expenses 136,500

Contribution margin 73,500

Fixed expenses 67,200

Net operating income $6,300

The number of units that must be sold to achieve a target profit of $31,500 is closest to:

Contribution Margin per item =  $ 73,500/ 7000 items

       =$ 10.50

Net income= contribution margin- fixed costs

$31,500= 10.50x quantity -67,200.00

$31,500=10.50Q-$ 67,200

10.50 q= 31500+67200

10.50 q= $ 98,700

q= $ 98700/10.50

Quantity = 9,400 units

You might be interested in
Bristo Corporation has sales of 2,080 units at $50 per unit. Variable expenses are 25% of the selling price. If total fixed expe
Mumz [18]

Answer:

Degree of operating leverage = 7.8

Explanation:

given data

sales = 2,080 units

per unit price  = $50

Variable expenses = 25%

total fixed expenses = $68,000

solution

we get here Degree of operating leverage that is express as

Degree of operating leverage = Sales - variable cost ÷ (sales - variable cost - fixed cost)   .......................1

here

Sales = 2080 × 50  = 104000

and

Variable cost = 104000  × 25%  = 26000

so now put value in equation 1 we get

Degree of operating leverage = \frac{104000-26000}{104000-26000-68000}  

Degree of operating leverage = 7.8

3 0
3 years ago
Long-term investments that cost the company $25 were sold during the year for $54 and land that cost $53 was sold for $28. In ad
adell [148]

Answer:

Explanation:

Long-term Investment cost = $25

Long-term Investment sales value = $54

Gain from Long-term Investment = $(54-25) = $29

Land cost = $53

Land sales value = $28

Loss from sale of Land = $(28-53) = -$25

Cash Dividend paid = $22

Total change in Assets = $(29-25) = $4

Total change in Equity = -$22

6 0
3 years ago
Pursuing multiple market segments at the same time is the best way to enter new markets. Group of answer choices True False
Archy [21]

It should be noted that pursuing multiple market segments at the same time is not the best way to enter new markets. Therefore, it's false.

<h3>What is a market?</h3>

A market simply means the coming together of a buyer and seller for transactions purpose.

In this case, pursuing multiple market segments at the same time is not the best way to enter new markets. One needs to have complete knowledge before entering a market.

Learn more about market on:

brainly.com/question/25754149

7 0
3 years ago
Stockholders' equity totaled $94,000 at the beginning of the year. During the year, net income was $24,000, dividends of $9,000
Tomtit [17]

Answer:

$131,000

Explanation:

The computation of the ending balance of stockholder equity is shown below:

= Beginning balance of stockholder equity + net income - dividend paid + additional common stock issued

= $94,000 + $24,000 - $9,000 + $22,000

= $131,000

Therefore, the ending balance of stockholder equity is $131,000

We simply added the net income and the additional common stock issued and deduct the dividend paid to the beginning balance of stockholder equity so that the ending balance could come

7 0
4 years ago
Joey bought a dozen oranges for $3. 50 and several bananas for $0. 25 each at the grocery store. Joey spent a total of $5. 75 on
Verizon [17]

The number of bananas that Joey purchased would be represented on a number line with digits 0 to 10 by marking point 9 with a dot (circle) as shown in the image attached.

  • Let the number of bananas be B.

<u>Given the following data:</u>

  • A dozen oranges = $3. 50
  • Bananas = $0. 25
  • Total cost = $5.75

<u>Note:</u> A dozen oranges is equal to 12 oranges.

To determine the number line that best represents the number of bananas Joey purchased:

First of all, we would calculate the number of bananas that Joey purchased:

3.50 +0.25B =5.75\\\\0.25B =5.75-3.50\\\\0.25B =2.25\\\\B=\frac{2.25}{0.25}

B = 9 bananas.

<u>For the </u><u>number line</u><u>:</u>

The number of bananas that Joey purchased would be represented on a number line with digits 0 to 10 by marking point 9 with a dot (circle) as shown in the image attached.

Read more: brainly.com/question/13553589

6 0
3 years ago
Other questions:
  • Parkette, Inc., acquired a 60 percent interest in Skybox Company several years ago. During 2017, Skybox sold inventory costing $
    12·1 answer
  • List the four stages of ability development. Provide an example of a person developing a specific ability. What would each stage
    12·1 answer
  • The sympathetic and parasympathetic divisions of the ANS:_______ A. Never innervate the same organ. B. May work together, each c
    13·1 answer
  • McDonald has invented a machine that harvests corn in the field, automatically shucks the corn from the husk, and peels the kern
    5·1 answer
  • The Treasury bill rate is 4% and the market risk premium is 7%. Project Beta Internal Rate of Return, % P 0.85 18 Q 0.00 14 R 2.
    6·1 answer
  • Ryan is trying to dispel the myth that the role of salespeople is to "sell refrigerators to Eskimos." He tells his salespeople t
    6·1 answer
  • A 6.75 percent coupon bond with 26 years left to maturity can be called in six years. The call premium is one year of coupon pay
    11·1 answer
  • As the assistant to the CFO of Johnstone Inc., you must estimate its cost of common equity. You have been provided with the foll
    9·1 answer
  • A company is trying to estimate the cost of debt for a new project. For their estimate, they will find the yield to maturity on
    6·1 answer
  • • Aiden and Sophia are married and they have always filed Married Filing Jointly.
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!