Answer:
the required sales needed to achieve management’s target net income of $60,000: $900,000
Explanation:
The required sales needed to achieve management’s target profit figure are calculated by using following formula:
The required sales = (Total fixed cost + Targeted profit) / Contribution margin ratio.
For Rivera Company, variable costs are 70% of sales. The contribution margin ratio is calculated by using following formula:
Contribution margin ratio = (Sales - Total Variable cost)/Sales = (Sales - 70% of sales)/Sales = 30%
The contribution margin ratio = 30%
The required sales = ($210,000 + $60,000)/30% = $900,000
$110000 will be shown
<u>Explanation:</u>
$110000 will be shown in the treasury stock account of Coy, Inc.
Company repurchased the shares in the year 2020, for $220000 ( 22000 sahres) and out of which the company sold half of its shares that is (11000 sahres ) in the year 2021 for an amount of $110000.
It means there is no paid- in - capital in excess for the treasury stock, recording is to be done at the cost, not at the par).
Nataro, Incorporated, has sales of $742,000, costs of $316,000, depreciation expense of $39,000, interest expense of $34,000, an
LenaWriter [7]
Based on the information given the net income is $278,870.
<h3>Net income </h3>
Sales $742,000
Less Costs ($316,000)
Les Depreciation ($39,000)
EBIT $387,000
Less Interest ($34,000)
Taxable Inc. $353,000
Taxes (21%) $74,130
($353000×21%)
Net Income $278,870
($353,000-$74,130)
Inconclusion the net income is $278,870.
Learn more about net income here:brainly.com/question/15530787
Answer:
Corporate dropouts
Explanation:
People become entrepreneurs for various reasons. Some have the internal drive to create something or provide a service and become entrepreneurs from a young age.
<u>Some others work for a period of time in an organization and due to certain factors, decide to quit their jobs to become entrepreneurs</u>. Such entrepreneurs are <u>corporate dropouts</u>.
They usually have some experience from their previous jobs that may be useful to them as entrepreneurs.
Billy and Sally are examples of entrepreneurs who are corporate dropouts.
Answer:
$215
Explanation:
From the question above, we have the following:
Average Total Cost =$40
Price =$50
Marginal Cost = $25
Marginal Revenue =$30
The formula for calculating profit is given as:
Total revenue - total costs.
Total revenue = price X quantity sold
= $50 X 5
Total revenue = $250 + $30
=> $280
Total costs = $40 + $25 = $65
Profit = $280 - $65
Profit = $215