1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Molodets [167]
3 years ago
5

Lin Corporation has a single product whose selling price is $134 per unit and whose variable expense is $67 per unit. The compan

y’s monthly fixed expense is $31,750. Required: 1. Calculate the unit sales needed to attain a target profit of $8,450. (Do not round intermediate calculations.) 2. Calculate the dollar sales needed to attain a target profit of $9,700.
Business
1 answer:
Dafna11 [192]3 years ago
3 0

Answer:

Results are below.

Explanation:

Giving the following information:

Fixed cost= $31,750

Unitary contribution margin= 134 - 67= $67

<u></u>

<u>To calculate the number of units to be sold, we need to use the following formula:</u>

<u></u>

Break-even point in units= (fixed costs + desired profit) / contribution margin per unit

Desired profit= $8,450

Break-even point in units= (31,750 + 8,450) / 67

Break-even point in units= 600

<u>Now, the desired profit is $9,700; we need to use the following formula:</u>

Break-even point (dollars)= (fixed costs + desired profit) / contribution margin ratio

Break-even point (dollars)= (31,750 + 9,700) / (67/134)

Break-even point (dollars)= 41,450 / 0.5

Break-even point (dollars)= $82,900

You might be interested in
Desiree is reluctant to take a promotion because it involves moving. She knows little about the area she would be living in. Acc
KonstantinChe [14]

Answer:

A. uncertainty

Explanation:

Based on the scenario being described within the question it can be said that the most likely reason for such employee resistance to change is uncertainty. This basically revolves around not knowing what is going to happen or the information regarding some sort of change. Such as not knowing the details of the area in which Desiree will have to move to if she were to accept her new promotion.

8 0
3 years ago
Read 2 more answers
A factory costs $460,000. You forecast that it will produce cash inflows of $150,000 in year 1, $210,000 in year 2, and $360,000
max2010maxim [7]

Answer:

Explanation:

a.Present value of inflows=cash inflow*Present value of discounting factor(rate%,time period)

=150,000/1.12+210,000/1.12^2+360,000/1.12^3

=557580.18

NPV=Present value of inflows-Present value of outflows                  

=557580.18-460,000

=$97580.18(Approx)=Value of factory

b.Hence since net present value is positive;factory is a good investment

(Yes)

7 0
3 years ago
A music school has budgeted to purchase three musical instruments. they plan to purchase a piano costing $3,000, a guitar costin
daser333 [38]

Assuming the costs are normally distributed, then Z = (X-mu)/sigma

For piano Z= (3000-4000)/2500 = -0.4

For guitar Z= (550-500)/200 = 0.25

For drums set Z= (600-700)/100 = -1

Drums set < Piano < Guitar

Drums cost is lowest when compared to the instruments of same type .

Guitar cost is highest when compared to the instruments of same type.

8 0
3 years ago
According to PMI, a project is __________. a. a performance or time target for each major group of activities in a project b. a
BARSIC [14]

Answer:

B. a temporary endeavor undertaken to create a unique product, service, or result reducing the time it takes to perform certain activities

Explanation:

According to PMI, a project is a temporary endeavor undertaken to create a unique product, service, or result." Unlike other business activities, a project has a clear starting point and ending point, after which the people and resources dedicated to the project are reassigned.  PMI is a project management association, which develops a standard for project, program, people, organization, etc. Also, they provide world- recognized certification.

5 0
3 years ago
An essential consumer skill is being able to ________________________.
umka21 [38]

a. address problems with sellers.

5 0
3 years ago
Read 2 more answers
Other questions:
  • What is the term used to describe the impact of the manufacturing process on the entire economy?
    15·1 answer
  • For most small businesses, the primary motivation for going global is to
    15·1 answer
  • Is Universal Social Charge, Income tax or Consumer tax? ​
    8·2 answers
  • Schell Company manufactures automobile floor mats. It currently has two product lines, the Standard and the Deluxe. Schell has a
    12·1 answer
  • What are the possible drawbacks associated with not considering opportunity costs and time value of money when making financial
    7·1 answer
  • A manager hires labor and rents capital equipment in a very competitive market. Currently the wage rate is $12 per hour and capi
    15·1 answer
  • Lila Battle has determined that the annual demand for number 6 screws is 100,000 screws. Lila, who works in her brother’s hardwa
    9·1 answer
  • The following data is available for Everest Company:
    13·1 answer
  • This table shows the balance in an account if monthly deposits of $10 were compounded monthly.
    15·1 answer
  • price discrimination will occur when a firm can segment its existing and potential customers into different groups based on:
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!