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
Basile [38]
2 years ago
8

A company requires $1700000 in sales to meet its net income target. Its contribution margin is 40%, and fixed costs are $300000.

What is the target net income?
Business
1 answer:
Zina [86]2 years ago
3 0

Answer:

the correct answer is 380,000

Explanation:

1,700,000 × 40% =680,000

680,000-300,000=380,000

You might be interested in
Sheen Co. manufacturers laser printers. It has outlined the following overhead cost drivers: Overhead Costs Pool Cost Driver Ove
mylen [45]

Answer:

$200

Explanation:

As for the information provided,

Quality control rate = \frac{72,000}{1,200} =\ $60 per hour

Machine operation = \frac{150,000}{1,500} =\ $100 per hour

Material Handling = \frac{1,200}{30} =\ $40\ per batch

Miscellaneous Overhead = $\frac{57,000}{5,700} =\ $10 per hour

The order of 1,000 laser printers

Require:

Quality control cost = $60 \times 265 = $15,900

Machine operation = $100 \times 225 = $22,500

Material Handling = $40 \times 5 = $200

Miscellaneous Overheads = $10 \times 740 = $7,400

Therefore, correct option is:

$200

0 0
3 years ago
The preferred approach to allocate joint costs to products is the value basis, which allocates a joint cost in proportion to the
ddd [48]

Allocation of joint costs in proportion to the value of the output of the sales which were produced in the process during at the split-off point is a preferred approach.

<h3>What are joint costs?</h3>

Joint costs involve the benefit of more than one product, and the separation of the costs of such products is impossible as the benefits related thereto are also joint.

One of the best examples of joint costs is in a condition when a cattle-owner feeds both the flock of sheep and cattle of cows at the same time. One cannot differentiate between the separate costs allocated.

Hence, it may be said that value basis is the most appropriate method for the purpose of allocation of joint costs being incurred in the proportion as it may be.

Learn more about joint costs here:

brainly.com/question/13537893

#SPJ1

6 0
1 year ago
Student involvement in afterschool activities that are not part of a class or an academic requirement is known as
Ira Lisetskai [31]
Extracurricular activities
3 0
3 years ago
Read 2 more answers
Jeanine, the operations manager of an auto dealership, has been redesigning operations. She feels there are many places where th
Pachacha [2.7K]

Answer: If i am the general manager of the organization i will try to make a survey about customer relation in other competitive organization before i can conclude whether it is wise to cut down cost through removing giving out free gifts to customers like the free pop corn, coffee etc. Customers will choose other organizations where they can get the same quality service and other benefits especially in a perfectly competitive market. Rather i will suggest more profit can be made by slightly increasing the cost of services rendered to customers from which the cost of the freebies can be regained.

Explanation:Customer's satisfaction and profit maximization are the two main objectives of a firm. It is only when an organization is able to maintain good customer relationship with their customers that profit can be maximized regardless of how efficient their other services are.

4 0
3 years ago
Read 2 more answers
The law of diminishing returns only applies in cases where:
madreJ [45]

Answer:

C)  there is at least one fixed factor of production.

<u>Multiple-choice options</u>

A) there is increasing scarcity of factors of production.

B) the price of extra units of a factor is increasing.

C) there is at least one fixed factor of production.

D) capital is a variable input.

Explanation:

he law of diminishing marginal returns cites that adding extra input while maintaining the others fixed will cause the overall output to decrease . Adding one more production input while keeping the rest intact decreases the marginal returns and increases the average production cost.

The law only applies where there at least one fixed input. When the firm uses more of the variable input, the firm's marginal product will eventually decrease.

6 0
3 years ago
Other questions:
  • Sarah has rented a house from Frank. The house is only two years old, but the roof leaks every time it rains. The water that has
    5·1 answer
  • Your business plans to market its all-natural ingredient dog food to a foreign country. The shelf life of the product is a short
    12·1 answer
  • Ethisphere is a socially conscious research organization that analyzes and reports on corporate social responsibility efforts. T
    13·1 answer
  • A speaker seeking to express the events leading to higher interest rates should choose which pattern of organization?
    11·1 answer
  • The characteristic of stress responses that refers to the rate at which the behavior occurs is A. intensity. B. stress. C. frequ
    14·2 answers
  • SWOT analysis is a framework for analyzing the internal and external environment of a company. It consists of strengths, weaknes
    10·1 answer
  • If Cute Camel’s forecast turns out to be correct and its price/earnings (P/E) ratio does not change, what does the company’s man
    7·1 answer
  • An example of capital is?
    15·1 answer
  • All are signs of neglect and emotional abuse EXCEPT:
    5·2 answers
  • On January 1, 2017, Banek Inc. issued $350,000 of 8%, 9-year bonds for $309,086, which implies a market (yield) rate of 10%. Sem
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!