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Grace [21]
3 years ago
10

The social and managerial process by which individuals and groups obtain what they need and want through creating and exchanging

products and value with others is termed?
Group of answer choices
Business
1 answer:
Leona [35]3 years ago
8 0

Answer:

I think the answer should be marketing

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Oriole Company had $234,200 of net income in 2019 when the selling price per unit was $151, the variable costs per unit were $91
FinnZ [79.3K]

Answer:

A) 13,500 units

B) 14,630 units

C) $156 is the selling price.

Explanation:

A) Number of units sold = Total sales/selling price per unit

Given,

Operating profit (Net income) = $234,200

Selling price per unit = $151

Variable cost per unit = $91

Contribution margin per unit = $(151-91) = $60

With the help of contribution approach, we can find the total sales.

                                             Per Unit            Total Cost

Selling price                            $151

Less: Variable cost              <u>     91       </u>  

Contribution Margin(1)            $60                  $810,000

Less: Fixed cost                                         <u>      $575,800</u>

Net Income                                                      $234,200

Note: 1) Contribution Margin - Fixed cost = Net income

Contribution Margin = Net income + fixed cost

Contribution Margin = $234,200 + 575,800

Contribution Margin = $810,000

Total number of units = Contribution Margin/Contribution margin per unit

Total number of units sold = $810,000/$60

Total number of units sold = 13,500 units

B) We know,

Desired sales unit = \frac{Fixed cost + Target profit}{Selling price per unit - Variable cost per unit}

Given, as the selling price, variable cost and fixed cost remain same in 2020. Therefore,

Selling price per unit = $151

Variable cost per unit = $91

Fixed cost = $575,800

Targeted profit = $67,500 + 234,500 = $302,000

Therefore, desired sales unit = \frac{575,800 + 302,000}{151 - 91}

Desired sales unit = 14,630 units need to be sold in 2020.

C) If the company wants to sell 13,500 units but wants to achieve $(234,200+67,500) = $302,000 amount of profit, the company has to increase its selling price. Because the company cannot change the fixed cost.

Therefore,

Contribution Margin - Fixed cost = Net income

or, Contribution Margin = Net income + fixed cost

or, Contribution Margin = $302,000 + 575,800 = $877,800

Therefore, contribution margin per unit = \frac{877,800}{13,500}

Contribution margin per unit = $65

As the variable cost will not be changed, the selling price should be -

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

Selling price = Contribution margin per unit + variable expense per unit

Selling price/unit = $65 + $91 = $156

3 0
3 years ago
Assume that you are a freshman and live in your school's dormitory. The agreement you've signed with the school states that you
andriy [413]

Your agreement with the school best approximates a tenancy for years.

<h3><u>What is tenancy?</u></h3>
  • A legal arrangement known as tenancy in common (TIC) allows two or more persons to jointly hold a piece of real estate or a plot of land.
  • The amount of total property, whether commercial or residential, under the ownership of each independent owner may be equal or different.
  • Tenants in common refers to the parties. One of the three types of joint ownership is tenancy in common.
  • Joint tenancy and entire tenancy are the other two categories. When a tenant in common passes away, their portion of the property falls to their estate, where a beneficiary of the share of property may be named. A TIC has no right of survivorship.

The dormitory agreement has a starting and ending point making it a tenancy for years.

Know more about tenancy with the help of the given link:

brainly.com/question/14399900

#SPJ4

5 0
2 years ago
Which of the following is not a component included in a standard business plan?
Nimfa-mama [501]

A standard business plan will not include an employee summary.

All of the other options are always included in a business plan to assess the feasibility of the venture.

5 0
2 years ago
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Over the last 5 years, a client has bought 200 shares of XYZ Mutual Fund each year in a taxable account and has elected to have
Greeley [361]

Answer:

Is the question asking for the mean/average or no?

8 0
3 years ago
How long is a frosty good for in the freezer?
gregori [183]
I'd say a day or two, depending on if it's covered or not
7 0
3 years ago
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