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lys-0071 [83]
3 years ago
15

After conducting a market research​ study, Magnificent Manufacturing decided to produce a new interior door to complement its ex

terior door line. It is estimated that the new interior door can be sold at a target price of $ 240. The annual target sales volume for interior doors is 23 comma 000. Magnificent has target operating income of 30​% of sales. What are target sales​ revenues?
Business
2 answers:
dsp733 years ago
6 0

Answer:

Target of Sales revenue =$1,656,000

Explanation:

Target operating income

23,000 x (240 x30%)

=23000 x 72

=$1,656,000

musickatia [10]3 years ago
5 0

Answer:

The target sales revenue for Magnificent Manufacturing after having conducted the market research is $5,520,000

Explanation:

Sales dollar value is a function of two variables,namely the sales price per unit and the volume of sales,hence the target sales revenue is target sales price of $240 multiplied by the target sales volume of 23,000 interior doors

Target sales revenue=$240*23,000=$5,520,000

The target operating income=target sales revenue*30%=$5,520,000*30%=$ 1,656,000.00  

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iris [78.8K]

Answer:

Increase in money supply = $200,000

Explanation:

Note: The given question is incomplete, missing part is as follow:

                    Metropolis National Bank

                            Balance sheet

Assets                                              Liabilities

Reserves     $60,000                Deposits          $500,000

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So,

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Multiplier(K) = 1 / 10%

Multiplier(K) = 10

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Total Money = $10,000 + $10,000

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Increase in money supply = $20,000<u> </u> × 10

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