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
zzz [600]
3 years ago
9

Lin Corporation has a single product whose selling price is $134 per unit and whose variable expense is $67 per unit. The compan

y’s monthly fixed expense is $32,300. Required: 1. Calculate the unit sales needed to attain a target profit of $7,900. (Do not round intermediate calculations.) 2. Calculate the dollar sales needed to attain a target profit of $8,600.
Business
1 answer:
podryga [215]3 years ago
8 0

Answer:

1. 600 units

2. $81,800

Explanation:

In this question we use the formula of break-even point in unit sales which is shown below:

= (Fixed expenses + target profit) ÷ (Contribution margin per unit)

where,  

Contribution margin per unit = Selling price per unit - Variable expense per unit

= $134 - $67

= $67

And, the other items values would remain the same

Now put these values to the above formula  

So, the value would equal to

= ($32,300 + $7,900) ÷ ($67)

= ($402,00) ÷ ($67)

= 600 units  

2. Break even point = (Fixed expenses + desired profit) ÷ (Profit volume Ratio)  

And, Profit volume ratio = (Contribution margin per unit) ÷ (selling price per unit) × 100

So, the Profit volume ratio = ($67) ÷ ($134) × 100 = 50%

The other values would remain same

Now put these values to the above formula  

So, the value would equal to  

= ($32,300 + $8,600) ÷ (50%)  

= $81,800

You might be interested in
Youngstown Rubber reports the following data for its first year of operation. Direct materials used $710,200 Direct Labor 350,00
ser-zykov [4K]

Answer:

$1,160,300

Explanation:

Total Manufacturing Costs are all costs related to the production of goods to be sold. This consists of direct costs such as labor and material and other indirect costs such as electricity and rentals.

<u>Calculation  of total manufacturing costs :</u>

Cost of goods manufactured         1,030,300

Add Closing Work In Process           130,000

Less Beginning Work In Process                 0

Total manufacturing costs            $1,160,300

6 0
3 years ago
__________ is the set of costs associated with various issues firms face when entering foreign markets, including unfamiliar ope
FromTheMoon [43]

<u>Option c. Liability of foreignness</u> is the correct answer.

<h3>What is Liability of Foreignness?</h3>

(LOF) specifies the disadvantages that a corporation faces in a foreign country as a result of its foreign status. Because of differences between cultures, languages, conventions, rules, and market conditions, they are at a disadvantage. Foreignness liability introduces new issues for firms to comply with, costing them more fees and effort to run. Zaheer, S., created the phrase "Liability of Foreignness" in her foundational paper "Overcoming the Liability of Foreignness," published in the Academy of Management Journal in 1995.

<h3><u>Examples of LOF</u></h3>

Consider a foreign corporation starting a business in a host nation with a different culture, language, and legislation. In such a case, they must train their employees to acquire the fundamentals of the foreign language, tailor their products to meet local needs, and adjust their marketing techniques. All of them need additional fees for the company.

Therefore,<u> Liability of Foreignness</u> is the set of costs associated with various issues firms face when entering foreign markets, including unfamiliar operating environments; economic, administrative, and cultural differences; and the challenges of coordination over distances.

For more information on Liability of Foreign, refer to the following link:

brainly.com/question/23451497

#SPJ4

3 0
2 years ago
A court ruling against the wrongful dismissal of employees is a development in the _____ component of the general
monitta
<span>A court ruling against the wrongful dismissal of employees is a development in the political or legal component of the general. Wrongful dismissal or termination of contract of employment without proper process violates the law of contracts. When this happens, the court takes the employee's rights into consideration in filing damages.</span>
3 0
3 years ago
Which of the following is normally a lawful question to ask during an employment interview?
lisov135 [29]
Your answer is...............d. If you were starting college all over again, what courses would you take?
7 0
3 years ago
Marika received a tip from a close friend who is an executive manager of a publicly traded company called MicroGreen Inc. The ma
saveliy_v [14]

Answer:

<u>Information asymmetry.</u>

Explanation:

Information asymmetry is characterized as a market failure that causes power imbalance. This occurs when some party involved has more information than another party.

This situation is becoming more widespread in microeconomics, as it interferes with the classic concept that the free market must follow the concept of perfect competition.

But information asymmetry is a market failure that directly impacts business relationships, and causes cases of adverse selection and moral hazard.

Ideally, there should be greater transparency in the financial statements that are required to be published so that the risk of information asymmetry between the company and investors is reduced.

7 0
3 years ago
Other questions:
  • What is the Best way to conduct a survey?
    9·2 answers
  • What is the law of supply
    6·2 answers
  • The possibility that management of the corporation may not be pursuing the same goals as the same goals as those of stockholders
    5·1 answer
  • George operates a business that generated revenues of $51 million and allocable taxable income of $1.26 million. Included in the
    15·2 answers
  • Based on what you learned in The Power of the Informal Economy video, what is the informal economy and how many people in the wo
    8·1 answer
  • Waterway Company purchased a machine on July 1, 2021, for $33,320. Waterway paid $238 in title fees and county property tax of $
    5·1 answer
  • Which of the following investment choices is least risky?
    9·1 answer
  • Justin, a member, has been in public practice for 25 years. His firm does bookkeeping and financial statements for approximately
    6·1 answer
  • What is the journal entry for declaring $9000 dividend to be paid next month
    13·1 answer
  • A federal unemployment tax is levied on
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!