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
Bingel [31]
4 years ago
10

Kreter, Inc. earned net income of $300,000 last year. This year it wants to earn net income of $450,000. The company's fixed cos

ts are expected to be $300,000, and variable costs are expected to be 70% of sales. Determine the required sales to meet the target net income of $450,000 using the mathematical equation.
Business
1 answer:
Minchanka [31]4 years ago
8 0

Answer:

sales is $2,500,000

Explanation:

The target sales for the company to achieve a net income of $450,000 in the current year equals the net income plus variable cost plus the fixed costs.

To understand this better,let us use the net income formula:

net income=sales-variable costs-fixed costs

by changing the subject of the formula,we the formula for sales:

sales=net income+variable costs+fixed costs

variable costs=sales*70%=0.7 sales

sales=$450,000+$300,000+0.7 sales

sales-0.7 sales=$750,000

0.3 sales=$750,000

sales=$750,000/0.3=$2,500,000

You might be interested in
Using the following information, determine the location quotient for Motor City: employment in motor vehicle manufacturing withi
ValentinkaMS [17]

Answer:

15.7

Explanation:

In this question we have the following information

Employment in Motor Vehicle manufacturing within city = 12643

Total employment in motor city = 560379

Total individual employment = 152750

Total employment = 106201232

We get the location quotient as

(12643/560379)/152750/106201232

0.02256/0.001438

= 15.69

This is approximately

15.7

Therefore the location quotient = 15.7

7 0
3 years ago
What is the amount of tax paid for the year?
Hatshy [7]

Answer:

$4,500

Explanation:

Interest expense is deductible so, you will need to <u>deduct the amount of interest</u> expense from income, and then calculate the percentage of taxes to pay.

Interest paid (deductible) = .05* 100,000 = 5,000

Income - interest expense: 20,000-5,000 = $15,000

Taxes: .3 * 15,000 = $4,500

3 0
4 years ago
Sony, a firm once synonymous with portable music, has ceded its market dominance to Apple because:
Kisachek [45]

Answer: c. it failed to take advantage of opportunities presented by Moore's Law.

Explanation:

Moore's law is states that the number of transistors in a dense integrated circuit doubles roughly every two years.

The observation got its name after Gordon Moore, the co-founder of Fairchild Semiconductor and CEO of Intel, whose paper in 1965 showed a pattern of doubling every year in the number of transistors per integrated circuit, and he predicted that this rate of growth would continue for at least another decade.

In 1975, he reviewed the forecast to doubling every two years, at a compound annual growth rate of 41.4percent.

Apple were able to take over the portable music market because they made they products such as the ipods, the iPhone, the iPad, and the MacBook smaller and very effective to use. This qualities endeared the Apple products to the consumer market, making apple products to swiftly replace the Sony portable players.

7 0
3 years ago
Which is NOT a good question to ask during an​ interview? A. What are the​ job's main​ responsibilities? B. How long of a lunch
-BARSIC- [3]
B because it doesn’t reflect very well on yourself or attitude towards motivation to work.
3 0
4 years ago
Please click this. You. Hey. You. I need to talk to you.
guapka [62]

Answer:

Apple

Explanation:

7 0
3 years ago
Other questions:
  • What helps a consumer determine the quantity of something to buy?
    14·1 answer
  • Decision variables:
    11·1 answer
  • You have $7,863 you want to invest for the next 34 years. You are offered an investment plan that will pay you 11.8 percent per
    15·1 answer
  • Marcus is considering which college major to choose. In taking a rational approach, Marcus should consider Group of answer choic
    7·1 answer
  • TCO Case Study Distribution Example 2015 Version 1.2 You work for IDC Distributions LLC.
    14·1 answer
  • What could increase the value of your property
    11·1 answer
  • You just took an Uber from home to campus for the first time and were willing to pay $13 for the trip. It was so much easier tha
    9·1 answer
  • Explain why economists are concerned with relative scarcity as opposed to absolute scarcity?​
    13·2 answers
  • If the net present value of a project is positive (non-zero), then the project's:________.a) PI will be less than 1. b) internal
    13·1 answer
  • Sandhill Corporation loaned $590000 to another corporation on December 1, 2020 and received a 3-month, 6% interest-bearing note
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!