Answer:
$664,000
Explanation:
Kuck corporation has a product whose contribution margin ratio is 75%
= 75/100
= 0.75
The company has a fixed expense of $456,000
The company has a target profit of $42,000
Based on the values above, the dollar sales to attain the company's target profit can be calculated as follows
Dollar sales to reach target profit = (Target profit + fixed expenses) /Contribution margin ratio
= ($456,000+$42,000)/75/100
= $498,000/0.75
= $664,000
Hence the dollar sales to reach the required company's target profit is $664,000
BCG matrix is a framework created by Boston Consulting Group to evaluate the strategic position of the business brand portfolio and its potential. It classifies business portfolio into four categories based on industry attractiveness (growth rate of that industry) and competitive position (relative market share
Answer:
The answer is false.
Explanation:
The $6,500 received for two seasons ticket is unearned revenue at September 1.
Unearned revenue have been received in advance but the customer has not enjoyed the service.
As the company enjoys this service monthly till the subscription finishes, revenue will be recognized and unearned revenue which is a liability in the balance sheet will reduce by the same value.
Two seasons ticket is 2 years(24 months).So what will be recognized monthly will be $270.83 ($6,500/24months)
September 1 through December 31 is 4 months.
So the adjusting entry at December 31 is 4 x $270.83
=$1,083.32
Answer: See explanation
Explanation:
Yes. I believe that my company should have included a warning label to address use of the electric lawn mower in the rain.
Since the warning wasn't put there, the customers will believe it is safe to use in the rain that which was exactly what happened in this case. It is the right of the manufacturer to make sure that it's product are safe to use.
Answer:
The interpretation including its question would be characterized underneath in the explanatory paragraph.
Explanation:
- Opportunity costs are economic downsides that authority, an investment company, or perhaps a corporate mess up because once making a choice one alternate solution more than another.
- This same judgment I decided to make since then has been to attend college rather than just continuing to operate at the local grocery store.
- Explicitly associated costs throughout someone's intention to pursue are school fees, sleeping expenditures, journals, cars something which I bought to pursue higher education.