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AnnZ [28]
3 years ago
11

For Wildhorse Company, variable costs are 68% of sales, and fixed costs are $199,000. Management’s net income goal is $77,800. C

ompute the required sales in dollars needed to achieve management’s target net income of $77,800. (Use the contribution margin approach.)
Business
1 answer:
dmitriy555 [2]3 years ago
5 0

Answer: $865000

Explanation:

Contribution margin ratio would be gotten as:

= 100% - 68%

= 32%

= 0.32

Then, the desired sales would be:

= (Fixed cost + desired profit) / CM ratio

= (199,000 + 77800) / 0.32

= 276800 / 0.32

= $865000

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Stolb23 [73]

Answer:

The correct option is (b)

Explanation:

According to the scenario, the foreign currency that original sold at the market is shown below:

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Therefore the correct option is (b)

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3 years ago
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Alona [7]
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3 years ago
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Maksim231197 [3]

Answer:

Cost of goods sold = $8,800

Explanation:

<em>The cost of goods is represents amount incurred to make available  what has been sold. It is computed as follows:</em>

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It is useful to determine the cost of goods so as to calculate the gross profit margin. The gross profit is the sales revenue less cost of goods sold.

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Soloha48 [4]

Answer:

extensive communication mechanisms.

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2. Constant collaboration among team members

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3 years ago
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