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alisha [4.7K]
3 years ago
10

Refer again to the income statements for Cover-to-Cover Company and Biblio Files Company on their respective Income Statement. N

ote that both companies have the same sales and net income. Answer questions (1) - (3) that follow, assuming that all data for the coming year is the same as the current year, except for the amount of sales. 1. If Cover-to-Cover Company wants to increase its profit by $40,000 in the coming year, what must their amount of sales be
Business
1 answer:
creativ13 [48]3 years ago
7 0

Answer:

$584,000

Explanation:

Calculation to determine what must their amount of sales be

Using this formula

Amount of Sales = (Fixed costs + Target profit) / Contribution margin percentage

Let plug in the formula

Amount of Sales = [42,400+(40,000+63,600) / (106000/424000)

Amount of Sales =(42,400+103,600) / (106,000/424,000)

Amount of Sales=146,000/0.25

Amount of Sales = $584,000

Therefore what The amount of sales will be Cover-to-Cover Company is $584,000

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The partnership of X and Y shares profits and losses in the ratio of 60 percent to X and 40 percent to Y. For the year 20X8, par
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Answer:

D. $ 600,000

Explanation:

if X's withdrawals = y

Net Income = 2y

X 's share of profit = 2y ×60%

                              = 1.2 y

X's Closing capital + X's withdrawals = Opening Capital + Share of Net income

$ 140000 + y = $ 80000 + 1.2y

1.2y - y = $ 140000 - $ 80000

           = $60000

0.20y = $ 60000

        y = $ 300000

Therefore,

Net Income = 2y

                    = 2×300000

                    = $ 600000

3 0
3 years ago
Salon Products recently introduced a new all-natural shampoo. Logan, director of new product development, has just reviewed the
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Answer:

Acknowledge the team for their effort.

Explanation:

By acknowledging the effort of the team that worked on the shampoo, the members of the team are encouraged and motivate, knowing that their efforts are accepted. After so doing, Logan can now tell the team about the dismal results which isn't supposed to have happened and the motivation earlier would have let the team members open to innovation.

Cheers.

3 0
3 years ago
Consider a hypothetical economy in which the marginal propensity to consume (MPC) is 0.50. That is, if disposable income increas
evablogger [386]

Answer:

The level of saving =  $450 billion - $400 billion= $50 billion

Marginal propensity to save = 1- marginal propensity to consume (MPC)=0.5

Expected consumption

MPC=  change in Consumption/ change in income 200 billion * 0.5 = $100billion

Therefore consumption = 100 billion + 400 billion = $500 billion

Saving = $650 billion - $500 billion=  $ 150 billion

Explanation:

4 0
3 years ago
When a grant-application package lists eligible applicants, it is just a suggestion. This is America: all organizations are elig
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Answer:

false

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The United States government do make some monies available to individuals or organisation in the form of grants, for the achievement of set purposes or goals. Not everyone or organisation can be eligible for all the available grants at any time. People are expected to look through various application processes to know if they are legally eligible to apply for any grant in order to avoid wasting their time and money during application.

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3 years ago
flattened organizational structures require more open communication but transparent communication can lead to complications if m
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A flat organization structure has less layers of management between workers and top management. It requires more open communication but transparent communication can lead to complications if management is not well trained.

A flat organization structure means that there are few tiers of management between the lowest-level employees and the top executives. The lack of middle managers gives workers additional power, including the ability to make decisions. The authority, control, and reporting structures for employees are determined by the organizational structure of a corporation.

Your internal communications are more rapid, simple, and less prone to errors or misunderstandings. Larger and taller structures make communication challenging since final decisions must pass through more levels of management. Your business can respond to changes more quickly and waste less time on inefficient communications if it has a flat organization structure.

To know more about flat organization structure refer:

brainly.com/question/3084497

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4 0
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