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Kazeer [188]
3 years ago
6

A company has a unit contribution margin of $50, fixed costs of $15,000 and a target profit of $20,000 after-tax. If the tax rat

e is 20% the company must sell units in order to earn the target profit. (Enter your answer as a whole number.)
Business
1 answer:
sweet-ann [11.9K]3 years ago
8 0

Answer:

The company must sell 800 units in order to earn the target.

Explanation:

This question requires us to calculate number of units required to be sold in order to acheive target profit. The answer can be calculated using simple break even calculation methodology.

To find number of units required to be sold we will divide sum of fixed cost and pre tax profit with contribution per unit.

Requires Sales = <em>(Fixed Cost + Pre tax profit)/ Unit contribution</em>

                         = (15,000+ (20,000/80%))/ 50 = 800 units

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At the time of her​ grandson's birth, a grandmother deposits $4000 in an account that pays 5% compounded monthly. What will be t
defon

Answer:

$874,507,135

Explanation:

To find the final capital, we use the compound interest formula:

Final Capital (FC)= Initial Capital (IC)*[(1+interest(i))]^(number of periods(n))

The problem is givining this information:

IC= $4000

i= 5% compounded monthly

n=21 (is it 21 because the grandmother started at the granson´s birth, if she would started when the baby had 1 year, then n=20 and so on)

Before we apply the formula, we have to notice that there is and inconsistency. The interest rate is compounded monthly but n is in years. So, we must change <em>i</em> or <em>n. </em>We will change the interest.

First, we have to transform the periodic interest rate into an Effective Annual rate using this formula:

Effective Annual rate= [(1+periodic interest)^(n)] -1

Effective Annual rate= [(1+5%)^(12)]-1= 79,59%

Now, we can apply the first formula:

FC= $4000*(1+79,59%)^(21)= $874,507,135

4 0
3 years ago
Discuss how being a multinational enterprise, with a presence in more than 170 countries, helps McDonald’s build its business re
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Being present in 170 countries, McDonald's business is indeed very widespread and there are lots of factors in it being very successful now. Even if there are certain problems in the economy of a certain country, many countries will still have very booming economy allowing the business to grow more and more profitable. 
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2 years ago
Is drawing in business a current asset
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The correct answer is No.

Drawing is considered a contra-capital account. It is not included in the asset sections of the financial statements, even though it has a debit balance. It is used to offset the capital account because it is money that the owner has withdrawn from the company.

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Answer:

A.True

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