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Rufina [12.5K]
3 years ago
14

Managers of Wendy's fast-food restaurants keep track of prices at competitors such as McDonald's, Burger King, and Arby's, knowi

ng that a decrease in the prices at these other fast-food restaurants will
Business
1 answer:
Y_Kistochka [10]3 years ago
7 0

Answer:

It will affect Wendy's fast- food sales negatively.

Explanation:

Especially if the competitors have larger market share than Wendy's Fast-food.  There will be a switch in consumers from Wendy's Fast-food to it's competitor, therefore reducing its sales and invariably reducing it's profit.

Therefore, Wendy's fast-food should be in tune with price fluctuation of it's competitors especially if it is a price decrease.

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Watson Company has monthly fixed costs of $83,000 and a 40% contribution margin ratio. If the company has set a target monthly i
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Answer:

$245,000.00

Explanation:

The amount of sales revenue to be made to achieve target profit is computed as follows:

<em>Sales revenue to achieve target income</em>

<em>= Total fixed cost for the period + target profit/ contribution margin</em>

Contribution margin = (Sales - variable cost) / sales   ×  100

The figure has been given as 40% in the question

Sales revenue to achieve target profit = (83,000 + 15,000)/0.4

$245,000.00

Watson Company has monthly fixed costs of $83,000 and a 40% contribution margin ratio. If the company has set a target monthly income of $15,000, what dollar amount of sales must be made to produce the target income?

Sales revenue to achieve target profit = $245,000.00

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