Answer:
the sales revenue that Head-First must make to earn operating income of $73,120 is $324,000
Explanation:
Hi, first we need to find the units to reach an operating income = $73,120
Price=72
Var Cost= 72*0.62=44.64
Fixed cost= 50,000
With that in mind, let´s formulate the equation
Where:
X= units to sell
everything should look like this
So, Head First has to sell 4,500 units in order to make that $73,120 operating income mark. Therefore, the sales revenue will be 4,500*$72=$324,000
To check the aswer, please relate to the MS excel spreadsheet attached to this answer.
Best of luck.
Answer:
A
Explanation:
A middleman is a link between a producer and a consumer. Middlemen includes wholesalers and retailers
Some of the functions of middlemen include
1. They provide information to the producers about consumers' tastes
2. they market producers goods and services
3. Middlemen render financial help to manufacturers.
Answer:
If I recall it may be called Revenue.
Explanation:
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Answer:
preferred stockholders received $15,000 during the first 3 years
- $2,000 in the first year
- $6,000 in the second year
- $7,000 in the third year
common shareholders received $25,000 in dividends during the third year.
Explanation:
preferred stock = 1,000 shares x $100 par value x 5% = $5,000
common stock = 10,000 shares at $10 par value
dividends declared and paid during the first 3 years:
year dividends
1 $2,000
2 $6,000
3 $32,000
preferred stockholders should have received $5,000 per year x 3 years = $15,000. Preferred stockholders must be paid first, and their payment is fixed. If the dividends are not enough to pay the total amount, the remaining amount should be paid next year.
- $2,000 in the first year
- $6,000 in the second year
- $7,000 in the third year
common shareholders received $32,000 - $7,000 = $25,000 in dividends during the third year.
