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Natali [406]
3 years ago
8

Olivian Company wants to earn $300,000 in net (after-tax) income next year. Its product is priced at $300 per unit. Product cost

s include: Direct materials $90.00 Direct labor $66.00 Variable overhead $15.00 Total fixed factory overhead $405,000 Variable selling expense is $12 per unit; fixed selling and administrative expense totals $255,000. Olivian has a tax rate of 40 percent. Required:
Business
1 answer:
hjlf3 years ago
7 0

Answer: See explanation

Explanation:

Your question isn't complete but I checked online and found the remainder of the question to be:

"Calculate the before-tax profit needed to achieve an after-tax target of $300,000".

The before tax profit will be:

= After tax profit / (1 - Tax rate)

= $300,000 / (1 - 40%)

= $300,000 / (1 - 0.4)

= $300,000 / 0.6

= $500,000

Therefore, the before-tax profit needed to achieve an after-tax target of $300,000 will be $500,000

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Sandhill Company reports the following operating results for the month of August: sales $382,500 (units 5,100), variable costs $
Vesnalui [34]

Answer:

Results are below.

Explanation:

Giving the following information:

Sales $382,500 (units 5,100 $75 per unit)

variable costs $245,000 (48.04 per unit)

fixed costs $98,000.

Option 1:

Increase selling price by 16%.

New selling price= 75*1.16= 87

Sales= 5,100*87= 443,700

variable costs= (245,000)

fixed costs= (98,000)

Net income= 100,700

2. Reduce variable costs to 59% of sales.

Contribution margin= (382,500*0.41)= 156,825

fixed costs= (98,000)

Net income= 58,825

T<u>he most profitable option is the first one.</u>

3 0
3 years ago
What should you always do before choosing a final business name?
Luba_88 [7]

Answer:

B ) See if the domain name is available.

Explanation:

Currently, it is really important that a business has a presence on the web and because of that before choosing a final name for a new company you have to make sure that the domain name is available as this is the name of the website and if it is not available you won't be able to create your page with the right name.

7 0
3 years ago
In preparing for the upcoming holiday season, Fresh Toy Company (FTC) designed a new doll called The Dougie that teaches childre
Kryger [21]

Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

7 0
4 years ago
Account Balances
Mashutka [201]

If a person write a check for $759 to make a payment on a loan, then the account balance would be changed as in the balance sheet of the person.

<h3>What is account balance?</h3>

An Account balance is limited as the amount of monetary system that is hold in a specific account in the bank account or in any another account.

From the given case, if a person make a payment of loan, then the account balance would be:

Assets = $36,767 ($37,526 – $759)

Liabilities = $12,086 ($12,845  -$759)

Equity = $32,500

Therefore, the balance of Equity remains unaffected by the payment of loan.

Learn more about the loan, refer to;

brainly.com/question/11794123

#SPJ1

6 0
2 years ago
Sometimes those using the name multinational mean to imply that these companies have erased national allegiances, becoming itine
Bezzdna [24]

Answer: <em>True</em>

Explanation:

MNC is abbreviated as multinational corporation also referred to as the worldwide enterprise is known as the amalgamated organization which owns or has control over the production of commodities and services in an nation other than its domestic ground. A MNC can further be referred to as or known as the transnational enterprise or multinational enterprise.

6 0
4 years ago
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