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
Pachacha [2.7K]
3 years ago
9

Raven Company has a target of $70,000 pre-tax income. The contribution margin ratio is 30%. What amount of dollar sales must be

achieved to reach the goal if fixed costs are $36,000? Multiple Choice $23,333. $36,000. $300,000. $353,333. $420,000.
Business
1 answer:
galina1969 [7]3 years ago
8 0

Answer:

$353,333

Explanation:

Given that,

Target pre-tax income = $70,000

Contribution margin ratio = 30%

Fixed cost = $36,000

Contribution required:

= Fixed cost + Earning required

= $36,000 + $70,000

= $106,000

Contribution margin ratio = Contribution margin ÷ Sales

0.3 = $106,000 ÷ Sales

Sales = $106,000 ÷ 0.3

         = $353,333.3 or $353,333

You might be interested in
When a boy or girl breaks your heart break their's
dedylja [7]

Answer:

depression.............

3 0
2 years ago
Read 2 more answers
A manager that primarily focuses on the shareholders of the corporation rather than all of the vested parties in the businesses
liberstina [14]

Answer: Shareholder theory

Explanation: As per the shareholder theory, the manager focuses all his or her efforts on the profit maximization of the shareholders of the company. A manager following shareholder theory will not be much concerned about the other stakeholders of the organisation. The benefit to shareholders could be provided either by increase in share price or as heavy distribution of dividends.

Hence, the correct option is D.

5 0
2 years ago
Read 2 more answers
The richest 1% of the world's population owns more wealth than the rest of the 99% combined. True or False
zimovet [89]

The distribution of wealth on Earth is such that the richest 1% are wealthier than the rest of the 99% combined so this is <u>True</u>.

<h3>How is income distributed?</h3>

The top 1% of the human population are so wealthier that they own more than the combined assets of the other 99%.

This was confirmed in 2016 by Oxfam, and the scary part is that this trend is set to continue.

Find out more on income distribution at brainly.com/question/4993794

#SPJ1

5 0
1 year ago
Belinda keeps a record of her expenses for the week as shown:
Mademuasel [1]

Answer:

d. $38.00

Explanation:

The computation of the overall Belinda expense for the week is shown  below:

= Bus fare expense + lunch out expense + hair cut expense + movie rental expense

= $8.70 + $7.35 + $16 + $5.95

= $38

We have added all the types of expenses that are provided in the case i.e. bus fare, lunch out, hair cut and movie rental expenses.

6 0
3 years ago
Which of the following concepts refers to deciding exactly what is to be measured when assigning value to a variable? Operationa
yarga [219]
The correct answer of the given question above would be VALIDITY. The concept that refers to deciding exactly what is to be measured when assigning value to a variable is validity. I hope this is the answer you are looking for. Let me know when you need more help next time. 
6 0
3 years ago
Other questions:
  • All of the following are benefits of participating in a QRIS system except
    14·2 answers
  • Expansionary policies are intended to _____ economic growth, and contractionary policies are intended to _____ economic growth.
    15·2 answers
  • Philosophers draw a distinction between ___________________, which describe the world as it is, and normative statements, which
    6·1 answer
  • These bonds are collateralized securities with first claims in the event of bankruptcy. These bonds are not backed by any physic
    8·1 answer
  • Adam Jones, the purchasing manager for ACME Corporation, is under suspicion for committing fraud. His superiors believe he is ac
    6·1 answer
  • Some people contemplate their lives and realize they are dissatisfied. They realize that missed opportunities have passed and th
    7·1 answer
  • ABC Company has completed the basic format to be used in preparing the statement of cash flows (indirect method). Listed below i
    8·1 answer
  • Hi I need help please!!
    7·2 answers
  • Gus was recently laid off, and he is struggling to pay his bills and make ends meet. Gus is meeting with a staffing agency later
    12·1 answer
  • when a company provides superior value by leading its industry in price and convenience, it has obtained .
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!