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
Lady bird [3.3K]
3 years ago
9

"​Stephanie's Bridal Shoppe sells wedding dresses. The average selling price of each dress is $ 1 comma 100​, variable costs are

$ 500​, and fixed costs are $ 120 comma 000. How many dresses must the Bridal Shoppe sell to yield afterminustax net income of $ 21 comma 000​, assuming the tax rate is 30​%?"
Business
1 answer:
zhannawk [14.2K]3 years ago
6 0

Answer:

250 dresses

Explanation:

The first task would be to compute before tax net income when after tax net income is $21,000 at the tax rate of 30%

After tax net income=before tax net income*(1-t)

t  is the tax rate of 30% or 0.30

after tax net income is $21,000

$21000=before tax net income*(1-0.3)

$21,000=0.7*before net income

before tax net income=$21,000/0.7=$30,000

Target units for before tax net income of $30,000 is computed thus:

target number of dresses=fixed cost+target profit/contribution per unit

fixed cost is $120,000

contribution per unit=sales price-variable cost

                                 =$1,100-$500=$600

target number of dresses=($120,000+$30,000)/$600=250 dresses

You might be interested in
Dan kim does a lot of customer research on his ideas for new products before actually making a prototype. in the new-product dev
GarryVolchara [31]
<span>the part of the development process where Dan Kim does his research on his ideas is called innovation which is where new ideas are transformed into new products</span>
7 0
3 years ago
Andrew Industries purchased $165,000 of raw materials on account during the month of March. The beginning Raw Materials Inventor
Y_Kistochka [10]

Answer:

d. $141,000

Explanation:

As the following information is given

Purchase of raw material = $165,000

Beginning Raw material balance = $22,000

Completed direct material = $141,000

Completed indirect material = $13,000

Since the work in progress includes only direct material i.e $141,000 as indirect material is allocated to the overhead account. Therefore, only $141,000 of raw material is transferred to work in process account

So other information which is mentioned is ignored

3 0
3 years ago
Under the all-events test, in addition to specifying that all events to establish the liability must have occurred, the test als
IgorC [24]

Answer:

TRUE

Explanation:

It is true that under the all-events test, in addition to specifying that all events to establish the liability must have occurred, the test also provides that the business must be able to determine the amount of the liability with reasonable accuracy

Under Sec. 461(h), a three-prongall-events test is met when

(1) all events have occurred that establish the fact of the liability;

(2) <u>the amount of the liability can be determined with reasonable accuracy</u>; and

(3) economic performance has occurred.

8 0
3 years ago
Read 2 more answers
The writing format includes all but the following _____.
BlackZzzverrR [31]
I think that the answers is c
5 0
3 years ago
Read 2 more answers
The use of long-term savings to earn a financial reward is called
Sav [38]
The use of long-term savings to earn a financial reward is called 12 years.
8 0
3 years ago
Other questions:
  • For each of the items indicate whether its amount affects the bank or book side of a bank reconciliation and is an addition or a
    8·2 answers
  • Kelly, Lars, and Mona agree to be partners in Neighborhood Delivery Service (NDS), splitting the profits equally. Kelly contribu
    7·1 answer
  • A firm organized on the basis of retail customers and wholesale customers utilizes the concept of departmentalization by
    13·1 answer
  • Why should firms with promising investment opportunities strive to maintain a conservative capital structure, i.e., limited leve
    8·1 answer
  • What is one way to speed up the acquisition of a classically conditioned response?
    13·1 answer
  • *As a project manager, Mallory needs to make sure that her geographically dispersed team members can interact and have the same
    15·2 answers
  • Assume a project has earnings before depreciation and taxes of $15,000, depreciation of $25,000, and that the firm has a 30% tax
    7·1 answer
  • Brett owns investment land located in Tucson, AZ. He exchanges it for other investment land. In which of the following locations
    13·1 answer
  • The Golden Goose is considering a project with an initial cost of $46,700. The project will produce cash inflows of $10,000 for
    15·1 answer
  • which of these is not a key way the government contributes to a country's total factor productivity? please choose the correct a
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!