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
dexar [7]
3 years ago
7

The contribution margin ratio of Candle Corporation's only product is 65%. The company's monthly fixed expense is $455,300 and t

he company's monthly target profit is $41,300. Required: Determine the dollar sales to attain the company's target profit. (Round your answer to the nearest whole dollar amount.)
Business
1 answer:
adelina 88 [10]3 years ago
3 0

Answer:

Break-even point in dollars= $764,000

Explanation:

Giving the following information:

The contribution margin ratio of Candle Corporation's only product is 65%.

The company's monthly fixed expense is $455,300.

The target profit is $41,300.

Break-even point in dollars= (fixed costs + profit)/contribution margin ratio

Break-even point in dollars= (455300+41300)/0.65

Break-even point in dollars= $764,000

You might be interested in
provide two reasons why public participation is important for people experiencing lack of basic services​
Vadim26 [7]

Answer:

the main aim of public participation is to encourage the public to have meaningful and put into decision making process public participation does provide the opportunity for communication between agencies making decisions and the Public's public participation can be time-consuming and sometimes expensive don't know if this helps but good luck

6 0
3 years ago
From the textbook material, when all activities of the value chain are conducted within the boundaries of the firm, the firm is
WINSTONCH [101]
The answer is vertical integration. It is the company's responsibility for the creation of required sources of info or of the channels by which conveys its yields. The level of vertical incorporation has a tendency to relate to the quantity of industry esteem chain arranges in which it specifically takes an interest 
All exercises are directed inside the limits of the firm. The organization possesses woods, develops and cuts timber, factories it, fabricates a variety of various paper and development items, and disperses them to retail outlets and vast clients. Weyerhaeuser's esteem included is 100 percent.
6 0
4 years ago
Concord Company signed a long-term noncancelable purchase commitment with a major supplier to purchase raw materials in 2021 at
Alika [10]

Answer:

Explanation:

The journal entry is shown below:

Unrealized holding gain or loss A/c Dr $45,500

        To Estimated liability on purchase commitments A/c $45,500

(Being the unrealized gain or loss is recorded)

The computation of the unrealized gain or loss is shown below:

= Purchase price of raw material - market value

= $1,024,100 -  $978,600

= $45,500

5 0
3 years ago
Businesses typically enter into areas where there is competition. a. True b. False
KengaRu [80]
True is correct...............
8 0
3 years ago
Read 2 more answers
Esquire Company needs to acquire a molding machine to be used in its manufacturing process. Two types of machines that would be
In-s [12.5K]

Answer: Machine B because it has the lower Present Value

Explanation:

<h2>Machine A</h2>

= Present Value of income - Present Value of Costs

Present value of Income;

Sold for $5,000 after 10 years.

= 5,000/ (1 + 8%)^10

= $2,315.97

Present Value of Costs;

Purchased for $48,000.

Maintenance of $1,000 per year for  years.

Present value of maintenance= 1,000 * Present value factor of annuity,  10 years, 8%

= 1,000 * 6.7101

= $6,710.10

Machine A Present Value

= 2,315.97 - 6,710.10 - 48,000

= ‭-$52,394

<h2>Machine B</h2>

No salvage value.

Present Value of costs

Purchased for $40,000.

Present value of maintenance = (4,000 / (1 + 8%)^3)  + (5,000 / ( 1 + 8)^6) + (6,000 / ( 1 + 8%)^8)

= -$9,567.79

Present Value = -40,000 - 9,567.79

= -$49,568

5 0
3 years ago
Other questions:
  • 1. One government policy for dealing with a natural monopoly is to:
    11·1 answer
  • "jack is age 70, blind, and has adjusted gross income of $25,000 from a pension plan. his wife is 64 and they file a joint retur
    14·1 answer
  • New e-commerce businesses, including companies like eBay, focus on voluntary exchange. Which generalization BEST describes this
    12·2 answers
  • The accounting procedures for sole proprietorships are the same as for partnerships except
    12·2 answers
  • Suire Corporation is considering dropping product D14E. Data from the company's accounting system appear below: Sales $740,000 V
    13·2 answers
  • if a business with several branches did not maintain a system of branch account, what financial control element would be missing
    14·1 answer
  • Exercise 9-4 Direct Materials Variances [LO9-4] Bandar Industries Berhad of Malaysia manufactures sporting equipment. One of the
    13·1 answer
  • A client is interested in investing in the real estate sector, but shows great concern about the possibility of depreciation wit
    12·1 answer
  • If there is a fall in the interest rate, ______.
    11·2 answers
  • Taxpayer L has income of $55,000 from Norway, which imposes a 40 percent income tax, and income of $45,000 from France, which im
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!