B is the correct answer r
Its B, Professional and business services. I just took the test.
Answer:
IMA Competence Standard
Explanation:
Institute of Management Accountants is the worldwide organization representing corporate accountants and financial professionals.
- IMA representatives are liable for achieving and maintaining the Competence standard.
COMPETENCE
:
1. Through improving knowledge and skills achieve an acceptable level of professional management and experience.
2. Conducts legal duties under regulations, legislation and quality standards relevant.
3. Provide decision-making resources for reliable, simple, succinct, and appropriate facts and advice. Recognize and assist with the risk management.
Answer:
- Model A12 = 4,354 units
-
Model B22 = 2,214 units
-
Model C124 = 812 units
Explanation:
We must first find the contribution margin for the 3 models:
A12: $51 - $41 = $10
B22: $109 - $80 = $29
C124: $403 - $321 = $82
Then we can solve the following equation:
0.59X(10) + 0.3X(29) + 0.11X(82) = $174,316
5,9X + 8.7X + 9.02X = $174,316
23.62X = $174,316
X = $174,316 / 23.62 = 7380
We need to sell the following quantities per model (final units have been rounded up):
Model A12 = 4,354 units (= 59% X 7,380)
Model B22 = 2,214 units (= 30% X 7,380)
Model C124 = 812 units (= 11% X 7,380)