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Vadim26 [7]
3 years ago
12

Jeff Co. sells its giant cheese wheels for $36 per wheel. The contribution margin ratio is 75% and total fixed costs are $270,00

0.
How many wheels must Jeff sell in order to generate a profit of $54,000?

a)12,000 wheels

b)9,000 wheels

c)36,000 wheels

d)2,000 wheels

e)43,200 wheels

f)11,500 wheels
Business
1 answer:
Damm [24]3 years ago
7 0

Answer:

Level of sales in dollars in order to generate a profit of $54,000 Fixed cost + Target profit/Contribution per unit $270,000 + $54,0000/0.75

= $432,000

Number of units to be sold

= Level of sales/Selling price

= $432,000/$36

= 12,000 units

The correct answer is A

Explanation:

In this case, we need to calculate level of sales in dollars, which is fixed cost plus target profit divided by contribution margin ratio. Then, we will calculate no of units to be sold, which is the level of sales divided by selling price.

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1) Which of these is a social goal of any economic system?
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7 0
3 years ago
A laissez-faire leader will give their employees as much ( ) as possible
schepotkina [342]
I think it’s B Work
4 0
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Sally, Greg, Juan, and Amar are working on a project for a customer that is aimed at cutting the client's electrical costs. The
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3 0
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Exercise 177 Kirk Company issued a $3,500,000, 10%, 10-year mortgage note payable to finance the construction of a building at D
denis-greek [22]

Answer:

The annual installment payment consists of both interest payments and principal repayment.

The interest is based on the remaining balance which is $3,500,000 in this instance:

= 10% * 3,500,000

= $350,000

Principal repayment = 569,509 - 350,000

= $219,509

a.

Date                  Account Titles and Explanation        Debit                 Credit

Dec, 31 2020   Cash                                                   $569,609

                         Mortgage Payment                                                    $569,609

Date                  Account Titles and Explanation           Debit             Credit

Dec, 31 2021     Interest Expense                                $350,000

                           Mortgage Payable                              $219,509

                           Cash                                                                             $569,609

7 0
3 years ago
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