Choose all that apply.

Run Like the Wind sells ceiling fans. Target profit for the year is $470,000. If each fan's contribution margin is $32 and fixed

PSYCHO15rus [73]

Answer:

c. 21,645

Explanation:

The computation of number of fans required to meet the company's goal is shown below:

= (Fixed cost+ target profit) ÷ (Contribution margin per unit)

= ($222,640 + $470,000) ÷ ($32)

= ($692,640) ÷ ($32)

= $21,645

The contribution margin per unit = Selling price per unit - Variable expense per unit

Therefore, the number of fans equal to $21,645

We calculated by above formula.

4 0

3 years ago

Residual, a company that manufactures soda, offers its latest products at very low prices. Residual's strategy is based on the a

Yuri [45]

Answer:

"Penetration pricing" is the right answer.

Explanation:

This seems to be a payment category for clients throughout the beginning design phase of the project commodity that the lender spends relatively cheap prices.
This enables everything to infiltrate the competition or marketplace as well as overthrow its potential competitors, and here's the similar thing.

Thus the above is the appropriate solution.

7 0

2 years ago

What’s the answer to this question for accounting?

timofeeve [1]

Answer:

The inventory turnover for the year is 10 .

Explanation:

The inventory turn over for a year is the number of times the inventory has been sold over the year:

$\text{Inventory turn over }=\dfrac{\text{Cost of goods sold}}{\text{Average inventory}}$

The average inventory is:

$\text{Average inventory }=\dfrac{\text{Beginning inventory + Ending inventory}}{2}$

Thus, from the financial data in the table for The Tampa Manufacturing Company, at Decermber 31, the inventory turnover for the year is:

$\text{Average inventory }=\dfrac{\text{\$ 55,000 + \$ 45,000}}{2}=\$ 50,000$

$\text{Inventory turn over }=\dfrac{\text{\$500,000}}{\text{\$50,000}}=10$

3 0

3 years ago

You are organizing an executive event for the company you work for. Write a letter to the person in charge of a venue that you a

babymother [125]

Answer:

Mi-Tech Information and Communication INC,

43 D-Drive, Michigan,

USA.

August 8th, 2020.

The Empire Event Center INC,

3 Boulevard avenue, Michigan,

Sir,

INFORMATION INQUIRY FOR HOSTING AN EVENT

As the communication officer of the above named company, I wish to bring to your notice about our aim of hosing our end of the business year party using your facility. This is based on the agreement reached by the management board.

Unfortunately, due to lack of detailed information and financial implication involved, I was asked to write to your company. The information I need from your company include:

1. The cost of the event Venue

2. The cost of catering of food for 200 people in the venue. Drinks and water would be inclusive.

3. The entertainment, would it be free when renting the event venue or it would attract extra charge?

4. The valet who would render services, what are their charges like or would the cost be catered by your company?

5. The proposed date for the party is 30th and 31st December. Hope your organization is not engaged by that time?

6. What other extra services is available and which your company offers for such events we are planning to host?

7. Is there any other extra cost which my company should be aware of if we are to use your facility?

I will need to relay back to the management board the above answers to questions which I asked above. I look forward to your response soonest.

Yours sincerely,

Adam Michael (Communication officer)

For: Mi-Tech Information and Communication INC.

Explanation:

8 0

3 years ago

Cahuilla Corporation predicts the following sales in units for the coming four months:

Strike441 [17]

Answer:

Purchases= 1,854 pounds

Explanation:

To calculate the direct material purchases, we need to use the following formula:

Purchases= production + desired ending inventory - beginning inventory

Production= 280*5 + (300*0.4)*5= 2,000 pounds

Desired ending inventory= [(300*0.6)*5* + (240*0.4)*5]*0.3= 414 pounds

beginning inventory= (280*0.4)*5= (560) pounds

Purchases= 1,854 pounds

6 0

2 years ago