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
g100num [7]
4 years ago
15

1. Assume Hudson Co. has a target pretax income of $162,000 for 2020. What amount of sales (in dollars) is needed to produce thi

s target income? 2. If Hudson achieves its target pretax income for 2020, what is its margin of safety (in percent)? (Round your answer to 1 decimal place.)
Business
1 answer:
lawyer [7]4 years ago
6 0

Answer:

1. amount of sales = $243,000

2. margin of safety = 33.3%

Explanation:

1)  required contribution margin = fixed costs + target pretax income

                                                    = 324000 + 162000

                                                    = $486,000

amount of sales = required contribution margin/ contribution margin ratio

                           = $486,000/20%

                           = $243,000

2) break-even sales = 324000/20%

                                 = $1620000

margin of safaty sales = $2430000 - 1620000

                                     = $810000

margin of safety = 810000/2430000

                           = 33.3%

You might be interested in
For a firm in a perfectly competitive​ market, price is
Zigmanuir [339]

Answer:

The correct answer is D. equal to both average revenue and marginal revenue.

Explanation:

A perfectly competitive market or market of perfect competition is that market in which two characteristics are fulfilled:

1) there is a large number of buyers and sellers in such a way that the influence they individually exert on prices is negligible;

2) the goods or services that are exchanged are the same. [Supply and demand] Perfect competition is the situation of a market where companies lack the power to manipulate the price (price-acceptors), and there is a maximization of well-being.

This results in an ideal situation of the goods and services markets, where the interaction of supply and demand determines the price. A perfectly competitive market has the following characteristics: There are many buyers and sellers in the market. The goods offered by different vendors are largely identical. Companies can freely enter and exit the market.

8 0
4 years ago
HUD, Co. had a beginning retained earnings of $29,825. For the year, the company had net income of $6,540 and paid dividends of
marissa [1.9K]

Answer:

$38,265

Explanation:

Beg RE = $29,825

Plus Net Income = $6,540

Minus Dividends = ($2550)

Plus New Stock = $4450

Ending RE = $38,265

6 0
2 years ago
Describe how a job interview is affected by your clothing and body language in complete sentences.
Pachacha [2.7K]
If you dress casually and is all slumped down it can show that you dont care about the job but if you dress all formally and sitting up straight with your hands folded making eye contact they will know you really want the job and that your actually interested 
5 0
3 years ago
Sellers of a good bear the larger share of the tax burden when a tax is placed on a product for whicha.the supply is more elasti
Roman55 [17]

Answer:

B. The demand is more elastic than supply .

Explanation:

Demand & supply are buyers & sellers ability , willingness to buy & sell respectively .

Elasticity means responsiveness of demand & supply to prices.

'Tax burden' can be forwarded / shared only in case of Indirect taxes , whose burden & incidence lie on different people.

The burden falls on the party (consumers / suppliers) whose market element (demand / supply) is inelastic i.e less responsive to prices.

So , if sellers are bearing larger burden : It means demand is relatively elastic & supply is relatively inelastic.

6 0
3 years ago
Telemarketers are often viewed by consumers in a negative manner as well, even though they are trying to provide service. Why do
evablogger [386]
Telemarketing is highly effective even though most people will respond rudely or just hang up. But in the hundreds of calls a call rep. makes a day there will always be a few that get hooked on the spiel. I don't think anything can be done to improve the image other than not call during evening hours when it is most disruptive. 
3 0
4 years ago
Other questions:
  • Joan has 40 employees and produces 800 units of output; when she adds one more employee to her construction company. The total o
    15·1 answer
  • A professor at a university finds a way to reduce the costs of producing automobile glass. The method is very easy for anyone to
    13·1 answer
  • According to conflict theorists, schools:
    5·1 answer
  • Nine years ago the Templeton Company issued 26-year bonds with an 11% annual coupon rate at their $1,000 par value. The bonds ha
    14·1 answer
  • MSK Construction Company contracted to construct a factory building for $525,000. Construction started during 20X1 and was compl
    11·1 answer
  • The consumption schedule shows a.that households consume more when interest rates are low. b.that consumption depends primarily
    10·1 answer
  • The federal government relies mostly on revenue from _____.
    11·2 answers
  • Economics is the social science concerned with the efficient use of scarce resources to achieve the maximum satisfaction of econ
    7·1 answer
  • Freedom Inc. has 40 employees within Denver City and County. All of the employees worked a predominant number of hours within th
    7·1 answer
  • Exercise 4-9 Recording purchases, sales, returns, and shipping LO P1, P2 Following are the merchandising transactions of Dollar
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!