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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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Kelly Fisher invested a total of $20,000 invested in two municipal bonds that have yields of 8% (bond A) and 10% (bond B) intere
Svetradugi [14.3K]

Answer: Bond A = $14,000

Bond B = ₦6,000

Explanation:

We can solve by setting up mathematical equations.

Let A and B be used to express the dollar amounts invested at 8% and 10% respectively.

Capital invested equation becomes A + B = 20,000 - - - - - eq 1

Percentage interest equation becomes 8% of A + 10% of B = 1,720

To remove percentages we multiply through by 100, which gives

8A + 10B = 172,000 - - - - - - eq 2

So we have two simultaneous equations.

To solve, we multiply eq 1 by 10 so by subtraction we can eliminate B, then solve for A. Eq 1 becomes

10A + 10B = 200,000 - - - - eq 3

Subtract eq 2 from eq 3

(10A - 8A) + (10B - 10B) = 200000 - 172000

2A = 28000

A = 28000/2 = $14,000

A + B = 20000 from eq 1

Now A is 14000

14000 + B = 20000

B = 20000 - 14000

B = $6,000

Therefore capital invested is $14000 for bond A and $6000 for bond B

5 0
4 years ago
You are considering buying a company using leveraged buyout. The company is projected to have sales of 500 million each year in
worty [1.4K]

Answer:

Net income=  $33 million

Explanation:

A leveraged buyout is a buyout of an entity by it's own managers/board members mostly through debt financing. Now the expected sales after the buyout is 500 million, we are asked to calculate net income only in the first year. First of all lets see what net income is. Net income is the remaining amount of income after having paid all the expenses which is mostly the residual income available for either distribution to shareholders or transfer to retained earnings.

The formula for net income is as follows:

Net income/profit= Sales revenue - COGS - Administrative expenses- depreciation and amortization - Interest expense - Tax

Let first calculate COGS & other administrative expense, depreciation and interest expenses first.

COGS & ADMIN: 500*0.6=300 m

Depreciation: 500*0.05 =25m

Interest expense for the year: 1500 * 0.08= 120m

Now lets substitute values in the formula mentioned above:

Income before taxes: 500m - 300m - 25m - 120m

Income before taxes: 55m

Income after taxes; 55m - 22m (taxes= 55*40%)

Net income=  $33 million

4 0
4 years ago
Suppose that Spain and Germany consider trading shoes and jeans with each other. Spain can gain from specialization and trade as
lidiya [134]

Answer:

c. 12 pairs of jeans per pair of shoes

Explanation:

Suppose that Spain and Germany both produce jeans and shoes.

Spain's opportunity cost of producing a pair of shoes is 5 pairs of jeans Germany's opportunity cost of producing a pair of shoes is 10 pairs of jeans.

By comparing the opportunity cost of producing shoes in the two countries, you can tell that__Spain__ has a comparative advantage in the production of shoes and _Germany__has a comparative advantage in the production of jeans.

Similarly, Germany can gain from trade as long as it receives more than 10 pair of shoes for each pair of jeans it exports to Spain.

Based on your answer to the last question, which of the following terms of trade (that is, price of shoes in terms of jeans) would allow both Germany and Spain to gain from trade?

c. 12 pairs of jeans per pair of shoes

5 0
3 years ago
Design Services is organized as a limited partnership, with Miko Toori as one of its partners. Miko's capital account began the
sammy [17]

Answer: 20.4%

Explanation:

The following information can be gotten from the question:

Beginning equity = $35,000

Ending equity = $35,000 + $7,500 - $4,000 = $38,500

Average equity = ($35,000 + $38,500)/2

= $73,500/2

= $36,750

Miko's partner return on equity will now be:

= $7,500/$36,750

= 0.2041

= 20.4%

7 0
3 years ago
من الامثلة على الازمات المادية الملموسة في المنظمات​
Vsevolod [243]
<h3>مطلوبہ جواب :)</h3>

ریگولیٹری میٹریل کا مطلب یہ ہے کہ ، ہر صورت میں مکمل طور پر مرکبات سے متعلق حد تک ، اور کسی بھی کمپاؤنڈ پر مشتمل کوئی بھی مصنوعات ، جس کی ملکیت ہو ، بیچنے والے یا اس کے کسی بھی ملحقہ (یا دانشورانہ ملکیت اور ان کے کسی ملحقہ) کے زیر قبضہ ہو۔ اس میں یا اس سے وابستہ ملکیتی حقوق):☕️(i) تکنیکی ، سائنسی ، ترقی ، کیمیائی ، حیاتیاتی ، فارماسولوجیکل ، زہریلا ، ریگولیٹری ، آر اینڈ ڈی نوٹ بک اور اس سے متعلقہ مواد ، ☕️(ii) بیچ ریکارڈ ، استحکام ریکارڈ ، طریق کار اور دیگر ریکارڈ اور اس کے لئے درکار معلومات مرکبات کی تیاری ، ساخت ، استعمال ، تقسیم ، مارکیٹنگ ، فروغ ، فروخت ، انتظامیہ یا تشکیل ، ☕️(iii) مصنوعات کی حفاظت سے متعلق معلومات اور دیگر تمام منفی واقعات ، شکایات فائلیں اور مرکبات یا کسی بھی مصنوع سے متعلق دیگر اطلاعات اور معلومات کی تائید کریں۔ کسی بھی کمپاؤنڈ (زبانیں) ، ☕️(iv) کے ساتھ کسی دوسرے ریگولیٹری اتھارٹی کے ساتھ تحریری خط و کتابت اور اس میں احترام کے ساتھ تمام معاون دستاویزات اور ) دیگر اعداد و شمار ، فائلیں ، ریکارڈ اور دیگر معلومات (کسی بھی شکل یا

میڈیم میں ، جہاں کہیں بھی واقع ہیں) مذکورہ بالا سے ملتی جلتی ہیں۔

.

<u>━━━━━━━━━━━━━━━━━━━━</u>

3 0
3 years ago
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