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zalisa [80]
3 years ago
6

Raven Company has a target of $70,000 pre-tax income. The contribution margin ratio is 30%. What amount of dollar sales must be

achieved to reach the goal if fixed costs are $36,000?
Business
1 answer:
MrRa [10]3 years ago
8 0

Answer:

Sales will be $353333.33

Explanation:

We have given fixed Cost = $ 38,600

Earning Required = $70,000

Contribution margin ratio = 30 %

Hence Contribution Required= Fixed Cost+Earning Required  = $70000+$36000 = $106000

We know that contribution margin ratio is given by

Contribution margin ratio =\frac{contribution\ margin\ }{sales}

0.3=\frac{$106000 }{sales}

Sales = $353333.333

                 

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Answer:

Letter e is correct. Idea generation.

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3 0
3 years ago
A U.S. manufacturer of adaptive devices for persons with disabilities is considering expanding internationally. It is a fairly s
posledela

Answer:

exporting

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According to the given situation, the company is looking for growth opportunities and it is a fairly small company. Moreover it focused on exporting the goods and services

Hence, the option C is correct

5 0
3 years ago
When a person owes more on an item (like a car or house) than it is worth, the person is said to be _________ on the loan. secur
nikklg [1K]

When a person owes more on an item (like a car or house) than it is worth, the person is said to be <u>upside down</u> on the loan.

<h3><u>Describe an upside-down loan.</u></h3>

You have an upside-down auto loan if you owe more money than the car is truly worth. You may need to make additional payments or modify your insurance coverage in order to prevent being upside-down on your loan or, at the very least, to shorten the amount of time you are in this perilous financial situation.

When you owe more on a car loan than the vehicle is worth, the loan is considered upside-down. If your car is worth $12,000 but your loan total is $15,000, for instance, your loan would be in the negative. You have $3,000 in negative equity in this situation.

It's not always a problem to have an outstanding auto loan. If you don't intend to sell your car, you can make loan payments until the balance is paid off. It won't affect the way you communicate with your lender.

Learn more about upside-down loans with the help of the given link:

brainly.com/question/24173549

#SPJ4

6 0
2 years ago
4. How much higher or lower will net operating income be if the underapplied or overapplied overhead is allocated to Work in Pro
NISA [10]

Answer:

Net operating income will be $ 19630 ( greater ¢ ) if the ( underapplied ¢ J overhead is allocated among work in process, finished goods, and cost of goods sold rather than closed directly to cost of goods sold.

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(Round your intermediate calculations and percentage values to 2 decimal places and final answers to the nearest dollar amount. Input the amount as positive value. Omit the "$" sign in your response.)

4 0
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