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
PSYCHO15rus [73]
2 years ago
12

Raven Company has a target of earning $71,200 pre-tax income. The contribution margin ratio is 16%. What amount of dollar sales

must be achieved to reach the goal if fixed costs are $38,400
Business
1 answer:
Jlenok [28]2 years ago
6 0

Answer:

$685,000  

Explanation:

First and foremost, the formula for determining the contribution margin ratio can be used to determine the target dollars sales as shown below:

contribution margin ratio=contibution margin/sales revenue

contribution margin ratio=16%

contribution margin required=pretax income+fixed costs

contribution margin required=$71,200+$38,400=$109,600  

16%=$109,600/sales revenue

16%*sales revenue=$109,600

sales revenue=$109,600/16%

sales revenue=$685,000  

You might be interested in
When merchandise is returned for a refund or for credit to be applied to other purchases, the situation is called a(n)
horrorfan [7]

The situation when a merchandise is returned for a refund or for credit to be applied to other purchases is called Purchase return inwards.

<h3>Return inwards</h3>

A purchase return as the name implies occurs when the buyer of a merchandise, services, inventory, fixed assets, or other items sends these goods back to the seller.

These purchase returns when excessive can interfere with the profitability of a business, so they should be closely monitored.

Read more on purchase returns;

brainly.com/question/15864970

4 0
2 years ago
Smith Corporation makes and sells a single product called a Pod. Each Pod requires 2.4 direct labor-hours at $10.60 per direct l
kramer

Answer:

$585,120

Explanation:

The computation of Budgeted direct labor costs is shown below:-

Direct labor cost per pod = Direct labor required per pod x Direct labor rate

= 2.4 × $10.60

= $25.44

Budgeted direct labor costs incurred in June = Direct labor cost per pod × Produced pods

= $25.44 × 23,000

= $585,120

Therefore for computing the budgeted direct labor costs we simply applied the above formula.

4 0
3 years ago
"The function C(t)=C(1+r)t models the rise in the cost of a product that has a cost of C today, subject to an average yearly inf
Cloud [144]

Answer:

$351,912.61

Explanation:

Data provided in the question:

function that models the rise in the cost of a product

C(t)=C(1+r)^t

C = $285,700

t = 14 years

r = 1.5% = 0.015

Now,

On substituting the respective values in the given function, we get

inflation-adjusted cost in 14 years i.e C(14) = $285,700(1 + 0.015)¹⁴

or

C(14) = $285,700 × 1.2317

or

C(14) = $351,912.61

4 0
3 years ago
By january 2014 the us population had grown to 317.3 million and the us federal debt was a reported $17.3 trillion. calculate th
Fudgin [204]

Per capita means per person. You would take the total debt and divide by the number of people. That will give you federal debt per capita.

3 0
3 years ago
Amy's Drive-Thru, a fast food facility near a college campus, offers healthy, sustainably grown vegetarian and vegan fast-food a
Tems11 [23]

Answer: Focused differentiation strategy

Explanation: In focused differentiation strategy the focus of the entity providing the service is to make their product suitable and as per the expectations of the target market , which is very narrow in size and the requirements of the customers are very unique in such kind of target markets.

In the given case, as we know that vegetarian food is not very popular among the college students, since the preference towards health is usually seen in the age group of 25 to 35 working individuals.

Thus, the customer base of amy is very narrow.

Hence, we can conclude that Amy's is using focused differentiation strategy

7 0
3 years ago
Other questions:
  • World Company expects to operate at 80% of its productive capacity of 50,000 units per month. At this planned level, the company
    14·1 answer
  • This element must be in a shape of a square set at a point and include a black hazard symbol on a white background with a red fr
    5·1 answer
  • HELP ME PLEASE!!!!!!!!!!!!
    7·2 answers
  • If the price of ice cream rose to $30 per gallon, consumers would purchase fewer gallons of ice cream than if the price were $4
    13·1 answer
  • Mistor Co. amended its pension plan on January 2 of the current year. It also granted $600,000 of unrecognized prior service cos
    15·1 answer
  • Maria lost her job because the economy is shrinking.What kind of example is stated above?
    12·1 answer
  • Why might a someone organize his or her business as a sole proprietorship?
    8·1 answer
  • A particular country has almost a 3 percent prevalence for schizophrenia. that country:
    5·2 answers
  • Use the adjusted trial balance for stockton company below to answer the questions that follow. stockton company adjusted trial b
    8·1 answer
  • Of products found in each category.
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!