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zalisa [80]
3 years ago
10

Watson Company has monthly fixed costs of $80,000 and a 50% contribution margin ratio. If the company has set a target monthly i

ncome of $14,700, what dollar amount of sales must be made to produce the target income
Business
1 answer:
Anastaziya [24]3 years ago
7 0

Answer: 189400

Explanation:

The dollar amount of sales that must be made to produce the target income would be:

= (Fixed costs + Target profit) / Contribution margin ratio

= (80000 + 14700) / 50%

= 94700 / 50%

= 94700 / 0.5

= 189,400

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This is true

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4 0
3 years ago
Aeryn Soon is a potential investor of Hippy Dippy Inc.’s preferred stock, which is currently selling for $475 per share. Hippy D
Ksju [112]

Answer:

Yes she should purchase this preferred stock.

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For Aeryn to decide whether she should purchase this preferred stock, its return on investment should be higher than or equal to 8%. The return on investment of this preferred stock is $40/$475 * 100 = 8.42%, which is higher than her required return therefore she should purchase the preferred stock.

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Lunna [17]

Answer:

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5 0
3 years ago
Wiley incorporates his business as Wiley Wire Corporation in Texas. He and his group of shareholders intend to make a profit fro
ruslelena [56]

Answer:

d. a private corporation.

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3 years ago
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Hence from the above we can conclude that franchising is the best option for Gerald.

6 0
3 years ago
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