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taurus [48]
2 years ago
8

Gena Manufacturing Company has a fixed cost of $225,000 for the production of tubes. Estimated sales are 150,000 units. A before

tax profit of $125,000 is desired by the controller. If the tubes sell for $5 each, what unit contribution margin is required to attain the profit target?
$1.47.
$2.33.
$3.00.
$0.90.
Business
1 answer:
kykrilka [37]2 years ago
7 0

Answer: $2.33

Explanation:

The unit contribution margin that is required to attain the profit target will be calculated thus:

= (Fixed cost + Desired profit) / Estimated units

= ($225,000 + $125,000) / 150,000

= $350,000 / 150,000

= $2.33

Therefore, the unit contribution margin is $2.33

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Coolibah Holdings is expected to pay dividends of $ 1.10 every six months for the next three years. If the current price of Cool
Viktor [21]

Answer:

$25.15  

Explanation:

The price the stock would be sold at the end of the three-year holding period can be computed using excel FV formula stated below:

=fv(rate,nper,pmt,-pv)

rate is the semiannual cost of capital i.e 14%/2=7%

nper is the number of dividend payments over three-year period which is 6

pmt is the amount of semiannual dividend payment

pv is the current stock price

=fv(7%,6,1.1,-22)=$25.15  

6 0
3 years ago
Once a manager has identified a problem, he or she can generate alternatives to that problem. after this is done, the manager
Liula [17]
<span>The manager will weigh the pros and cons of each alternative before implementing the solution. The manager should look at each alternative and list the benefits and the negatives for each alternative. After reviewing the list of benefits and negatives for each alternative, the manager can eliminate the alternatives that possess too many negatives or cons. The alternatives with the most benefits should be considered more carefully. The manager should then implement the alternatives with the most benefits or pros on a trial basis. The alternative with the best results is the one that is deemed useful, permanent and beneficial to the company.</span>
3 0
3 years ago
Imrie Corporation makes a product that uses a material with the quantity standard of 9.5 grams perunit of output and the price s
SashulF [63]

Answer:

Option (B) is correct.

Explanation:

Given that,

Standard Price = $5

Direct material (Actual Price) = $4.9

Actual Quantity Purchased = 28,900  

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= (Standard Price - Actual Price) × Actual Quantity Purchased

= ($5 - $4.9) × 28,900

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6 0
3 years ago
Roanoke Company produces chocolate bars. The primary materials used in producing chocolate bars are cocoa, sugar, and milk. The
Levart [38]

Answer:

$0.16

Explanation:

Particulars       Quantity   Price    Amount

Cocoa                  400       $1.25      $500

Sugar                   80         $0.40     $32

Milk                      120        $2.50     <u>$300</u>

Total                                                  <u>$832</u>

Standard direct materials cost per bar = Total amount / Number of bar

Standard direct materials cost per bar = $832 / 5,200 bars

Standard direct materials cost per bar = $0.16

7 0
3 years ago
How many full-time volunteers are donating their time in the US, if you add up the average 3 hours that the 100 million voluntee
DochEvi [55]

Answer:

7.5 million equivalent full-time volunteers

Explanation:

The total hours volunteered is 3 hours * 100 million volunteers = 300 million hours

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300 million / 40 = 7.5 million

8 0
3 years ago
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