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kolezko [41]
3 years ago
12

Creswell Corporation's fixed monthly expenses are $29,000 and its contribution margin ratio is 56%. Assuming that the fixed mont

hly expenses do not change, what is the best estimate of the company's net operating income in a month when sales are $95,000?
Business
1 answer:
lions [1.4K]3 years ago
6 0

Answer:

the company will have an operating income of $24,200 at sales level of $95,000

Explanation:

<u>Target profit formula:</u>

Fixed cost 29,000

Sales revenue  95,000

Contribution Margin Ratio 56% = 0.56

from each dollar of sales 56 cents remains to afford fixed cost and make a gain:

95,000 x 0.56 = 53,200 contribution

less 29,000 fixed cost = 24,200

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3 years ago
How the 4 factors of pruduction fit together land,capital,labor,entreprenurship​
Mrrafil [7]

Explanation:

To understand the basic philosophy behind the four factors of production

Land - Labor - Capital - Entrepreneurship

Lets consider an example:

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7 0
4 years ago
I am having to create a presentation about myself and i dont know what to do it about? I NEED YOUR HELP!!!!
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Maybe talk about how you're life has been, or what you struggle with and wish to move on from it. Be creative ideas are endless! Or base it on a topic about your life. For example, if you've ever gotten bullied talk about how you felt through that time.

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3 years ago
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Suppose the U.S. government imposes a quota on the number of Japanese-made cars allowed into the United States (the quota is set
Arturiano [62]

Answer:

The correct answer is c increase; remain the same.

Explanation:

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4 years ago
Refined Grains, Inc., agrees to sell to Sunny Cereal Company a certain quantity of refined oats each week but no mention is made
ICE Princess25 [194]

Answer:

Option A                              

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