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
meriva
3 years ago
14

Ocean City Kite Company sells kites for $11.50 per kite. In FY 2019, total fixed costs are expected to be $250,000 and variable

costs are estimated at $3.00 a unit. Ocean City Kite Company wants to have a FY 2019 operating income of $90,000. Use this information to determine the number of units of kites that Ocean City Kite Company must sell in FY 2019 to meet this goal. (Round your answer to a whole number)
Business
1 answer:
Dmitry_Shevchenko [17]3 years ago
8 0

Answer:

40,000 kits

Explanation:

The computation is shown below:

Number of kits required to be sold to meet the goal = Total Contribution Margin Required ÷ Contribution Margin per Unit

where,

Total contribution margin required is

= Total fixed cost + operating income

= $250,000 + $90,000

= $340,000

And, the

Contribution Margin per Unit = Selling Price per Unit - Variable Cost per unit

= $11.50 - $3

= $8.50

So, the number of kits required is

= $340,000 ÷ $8.50

= 40,000 kits

You might be interested in
In the past, I've mostly reported to easy-going managers with flexible work styles.
Sonbull [250]
<span>Work places with flexible working styles make the working conditions feel more at ease and can bring the best out of the workers. When those workers change positions and have to face new working conditions it can be very difficult to adjust. In the case of the context of the question, the interviewee was most likely telling the a human resource personnel about the working conditions of his or her previous place of work.</span>
5 0
4 years ago
The rapid spread of brand communities has been one of the major impacts of social media. the harley davidson owners group is one
Bingel [31]
<span>These brand communities are effective because they provide a community for people belong to to feel part of things larger than themselves. They then help support the brand by sharing it with others who have similar interests and form an identity.</span>
6 0
3 years ago
2. What would you say to some who said that citizens had no right to know where their federal income tax money goes?
DochEvi [55]

Federal tax dollars are collected from citizens to use for programs and infrastructure that is supposed to be used for public good, such as early childhood education, social security, roads, bridges, etc. Since the money is from citizens and for citizens, they should know how the money is spent so they can hold their elected representative accountable.

4 0
3 years ago
Blossom Corp. will pay dividends of $5.00, $6.25, $4.75, and $3.00 in the next four years. Thereafter, management expects the di
Shkiper50 [21]

Answer:

Present value = $35.00326585 rounded off to $35.00

Explanation:

Using the dividend discount model, we calculate the price of the stock today. It values the stock based on the present value of the expected future dividends from the stock. To calculate the present value of the stock, we will use the following formula,

Present value = D1 / (1+r)  +  D2 / (1+r)^2  +  ...  +  Dn / (1+r)^n  +

[(Dn * (1+g)  /  (r - g))  /  (1+r)^n]

Where,

  • r is the required rate of return
  • g is the constant growth rate in dividends
  • n is the number of years

Present value = 5 / (1+0.155)  +  6.25 / (1+0.155)^2  + 4.75 / (1+0.155)^3  +  

3 / (1+0.155)^4  +  [(3 * (1+0.07)  /  (0.155 - 0.07))  /   (1+0.155)^4]

Present value = $35.00326585 rounded off to $35.00

3 0
3 years ago
From 2000 to 2003, the number of employees at a certain company increased by a factor of 1/4. From 2003 to 2006, the number of e
Rina8888 [55]

Answer:

Let's assume that "X" be the number of employees in 2000.

∵ it's given :

From 2000 to 2003: the number of employees increased by a factor of 1/4

From 2003 to 2006: the number of employees decreased by a factor of 1/3

∴ We can equate the following details:

X×(increase in employee)×(decrease in employee) = 100

X×(1+\frac{1}{4})×(1-\frac{1}{3}) = 100  

X×(\frac{5}{4})×(\frac{2}{3}) = 100  

X×(\frac{10}{12}) = 100  

X = 100×(\frac{12}{10})  

<em>X = 120  </em>

<u><em>Therefore, the correct option is (b)</em></u>

6 0
3 years ago
Other questions:
  • The bond market a. is a financial market, whereas the stock market is a financial intermediary. b. is a financial intermediary,
    6·1 answer
  • Buckson Framing's cost formula for its supplies cost is $1,350 per month plus $18 per frame. For the month of June, the company
    8·1 answer
  • The overall cycle time in the buying process has been reduced due to:
    12·2 answers
  • Which act prohibits an employer from paying an employee of one gender less money than an employee of the opposite gender where t
    15·1 answer
  • Wright, Bell, and Edison are partners and share income in a 2:5:3 ratio. The partnership's capital balances are as follows: Wrig
    7·1 answer
  • What should the firm do if there is no possible output where the price would at least be equal to average variable costs
    10·1 answer
  • Finerly Corporation sells cosmetics through a network of independent distributors. Finerly shipped cosmetics to its distributors
    13·1 answer
  • Skysong Inc., a provider of consulting services, was founded on October 1, 2022. At the end of the first month of operations, th
    13·1 answer
  • the best reason for investing company resources in vertical integration (either forward or backward) is to
    13·1 answer
  • When a government fines and/or imprisons persons convicted of using illegal drugs, the government is attempting to decrease the
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!