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KiRa [710]
3 years ago
13

Use the contribution margin ratio approach to compute the number of shows needed each year to earn a profit of $ 5 comma 687 com

ma 500. Is this profit goal​ realistic? Give your reasoning. Begin by showing the formula and then entering the amounts to calculate the required sales dollars to earn a profit of $ 5 comma 687 comma 500. ​(Round the required sales in dollars to the nearest whole dollar. Round amounts in the formula to two decimal​ places, XX.XX. Abbreviation​ used: CM​ = contribution​ margin.)
Business
1 answer:
leonid [27]3 years ago
4 0

Answer:

Instructions are listed below

Explanation:

To calculate the number of shows to achieve a certain amount of profit you need to use the following formula:

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

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

contribution margin ratio= (price - unitary variable costs)/price

For the number of shows, divide the Break-even point (dollars) by the selling price

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A publicist's compensation package includes the total cost of a $180-per-
natima [27]

Answer:

D. $44,580

Explanation:

Here we want to find the yearly value of the compensation package.

To order to do so, we have to add the various terms. We have:

t_1=\$42,000 salary per year

Then we have the total cost of a $180-per- month health insurance plan; since there are 12 months in a year, it is

t_2=12\cdot \$180 =\$2160 per year

Then we have the total cost of a $35-per-month life insurance, so the yearly cost is

t_3=12\cdot \$35 =\$420

Therefore, the total compensation package is

T=t_1+t_2+t_3=42000+2160+420=\$44,580

So, option D.

7 0
3 years ago
If you decide to take a break and go for a hike in order to focus less consciously on the creative process, which stage is the c
liberstina [14]

Answer: Incubation

Explanation: In the incubation stage the person moves away from the problem and gives space to the mind to search for a solution. An example is going for a walk to relax your mind a bit and ideas flow better.

8 0
3 years ago
During the year, the Fletcher Company experienced the following accounting transactions:
Alina [70]

Answer:

Transaction 1

Debit  : Equipment  $130,000

Credit : Cash $130,000

Transaction 2

Debit  : Supplies $16,500

Credit : Account Payable $16,500

Transaction 3

Debit  : Cash $37,000

Credit : Account Receivable  $37,000

Transaction 4

Debit  : Dividend  $17,000

Credit : Cash $17,000

Explanation:

The first step to record transactions is to identify two or more accounts affected by the transaction.

After that determine if the assets, liability or equity of the accounts identified are increasing or decreasing.

Assets increase on the debit side and decrease on the credit side. The opposite applies to liability and equity.

5 0
3 years ago
In a management information system (MIS), the quality of information is determined by its usefulness to users, and its usefulnes
Tcecarenko [31]

Answer:

The correct answer is True.

Explanation:

The proper functioning, within the normal standards of a GIS, means that the information can reach the hands of the decision makers. The quality of the information that arrives, is based on other procedures and structures that are previously defined in the organizational strategy, and its processing depends on the specialization and differentiation of the positions within the organization; that is, the data selected and analyzed by the human resources department is different from the information selected and analyzed by other departments such as marketing, for example (differentiation is shown); but on the other hand, the level of analysis and depth that is given to the information will be variable depending on the specialists and the hierarchical levels within the same department; for example, the depth in the analysis of the data of who occupies the position of Human Resources Manager, and who occupies the position of human resources practitioner (specialization is revealed), therefore the experience and degree of specialization for the objectives of the department, are filters for data analysis.

------

NOTE: If you need to extend the explanation given, you can make a comment or add a new question. I will be very pleased to help you.

3 0
3 years ago
The language of price controls Suppose that, in a competitive market without government regulations, the equilibrium price of ha
REY [17]

The government has instituted a legal minimum price of $8 each for hamburgers. - Binding.

The government prohibits fast-food restaurants from selling hamburgers for more than $5 each. - Binding.

Due to new regulations, fast-food restaurants that would like to pay better wages in order to hire more workers are prohibited from doing so. - Binding.

<u>Explanation:</u>

For a country or an economy where the government is powerful and strong, there are certain rules and regulations made by the government to regulate the businesses and the organisations of the economy.

These rules and regulations are bound on the enterprise or the business and they can not move away or against this ruling of the government. They have to follow it or else there might be a punishment for them to be given by the government.

4 0
3 years ago
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