Planning is often called the primary management function because,
a. it establishes the basis for all the other things managers do
-Mabel <3
Sales Target
Explanation:
A sales target is an example of a measurable goal and it is probably the most common, and perhaps the most important, measurable goal in a firm.
It simply consists in determining a minimum number of goods or services to be sold, measured in either physical or monetary terms, in order to keep the firm afloat and profitable.
For example, a firm that sells cars can determine that for the month of january it must sell at least 250 cars in order to stay in business. If the goal is not reached, the sustainability of the firm can be endangered.
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Answer: The firms are faced with two options, the first is covering variable cost, which they can consider in a short run, which they can pay some of their fixed cost. If they shut down completely they would pay all their fixed costs.
Explanation:
The firms are faced with two options, the first is covering variable cost, which they can consider in a short run, which they can pay some of their fixed cost. Alternatively, if they shut down completely they would pay all their fixed costs. As long as the operating cost is not much, they would keep working.
Answer:
Total contribution margin= $210,100
Explanation:
Giving the following information:
Sales $ 413,000
Cost of goods sold (all variable) $ 169,100
Total variable selling expense $ 20,700
Total variable administrative expense $ 13,100
<u>The contribution margin is the result of deducting from sales, all variable expenses:</u>
Total contribution margin= 413,000 - 169,100 - 20,700 - 13,100
Total contribution margin= $210,100
