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
iris [78.8K]
3 years ago
13

Raven Company has a target of earning $71,400 pre-tax income. The contribution margin ratio is 32%. What amount of dollar sales

must be achieved to reach the goal if fixed costs are $38,800?
a. $289,375.
b. $410,000.
c. $222,813.
d. $343,438.
e. $38,600.
Business
1 answer:
Alex3 years ago
6 0

Answer:

The amount of dollar sales to be achieved to reach the goal is $343,438

Explanation:

We have the following details:

Fixed Cost = $ 38,600

Earning Required = $71,300

Hence Contribution Required= Fixed Cost+Earning Required

                                                   = ($38,600+$71,300)

                                                    = $ 109,900

We use then the following formula:

Contribution Margin ratio = Contribution Margin/Sales

   32%= $ 109,900/Sales

           = $ 109,900/32%

           = $343,438. Amount of dollar sales to be achieved to reach the goal

You might be interested in
The internet enables people to make better economic decisions because they can do which of the following?
faltersainse [42]

<u>Answer:</u>

<em>The practice of buying and selling goods and services over the internet is known as E-Commerce</em>

<u>Explanation:</u>

E-commerce is otherwise called electronic trade or web business. Exchange of cash, assets, and information is likewise considered as E-business. These business exchanges should be possible in four different ways:  

Business to Business (B2B), Business to Customer (B2C), Customer to Customer (C2C), Customer to Business (C2B).Any variety of the spelling is right, and everything portrays a similar demonstration of performing business by means of the web.

3 0
3 years ago
Read 2 more answers
Consider two people who are currently out of work. Tim would like to work but he is not looking for work because there have been
stira [4]

Answer: C. both Tim and Bev to be marginally attached workers

Explanation: The Bureau of Labor Statistics considers both Tim and Bev as marginally attached workers.

Usually, marginally attached workers refers to individuals who are not actively seeking for a job or employment at a particular point in time,which is the case of both Tim and Bev. However, for an individual to be classed as a marginally attached worker, He or she must be willing and able to work and worked or sought for a job at any point within the last twelve months. Bev has searched for a job within the last year and Tim's environment has very few openings to accommodate employees.

8 0
4 years ago
Read 2 more answers
Consider the single factor APT. Portfolio A has a beta of 1.3 and an expected return of 21%. Portfolio B has a beta of .7 and an
svetoff [14.1K]

Answer:

Portfolio A and Portfolio B

Explanation:

In this question, we apply the Capital Asset Pricing Model (CAPM) formula which is shown below

Expected rate of return = Risk-free rate of return + Beta × (Market rate of return - Risk-free rate of return)

The Market rate of return - Risk-free rate of return) = Market risk premium

Let us assume the market risk premium be X

For Portfolio A:

21% = 8% + 1.3 × X

13% = 1.3  × X

So, the X = 10%

For Portfolio B:

17% = 8% + 0.7 × X

9% = 0.7  × X

So, the X = 12.86%

Based on the market risk premium calculations, we can conclude that Portfolio A should be in short position while Portfolio B should be in long position as portfolio B has higher market risk premium than B

3 0
3 years ago
Jill just made a purchase online. The store that she bought from gave her the option to pay with a check, money order, or credit
Readme [11.4K]

Answer:

The credit card is the most effective method of payment.

Explanation:

The store will not ship the item until the payment is accredited to their account. Because of this, Jill needs to pick the payment  method that have the fastest clear time.

The Check: usually takes about two business days for a deposited check to clear.

Money Order: It depends on the bank. Some banks allow for money orders to be cleared and deposited almost immediately, and some require at least one business day for it to clear.

Credit Card: almost all the time payments can take place immediately.

The obvious choice is Credit Card payment for the instant clear of the funds in the store account.

6 0
3 years ago
Calculate the FV for the following 3 scenarios. Investment scenario #1:
kvv77 [185]

Answer:

?

Explanation:

5 0
3 years ago
Read 2 more answers
Other questions:
  • Criticism is hurtful because it makes one feel as if
    6·2 answers
  • Suppose you are in the T-shirt business. The cost of your ink supplies increases as the quantity of T-shirts produced decreases.
    10·1 answer
  • A perfectly competitive firm Select one: a. picks the price that leads to the largest market share. b. chooses its price to maxi
    9·1 answer
  • Assume that interest rate parity exists and will continue to exist. The U.S. interest rate was 4% while the Singapore interest r
    8·1 answer
  • Paolucci Corporation's relevant range of activity is 8,400 units to 17,000 units. When it produces and sells 12,700 units, its a
    9·1 answer
  • What federal agency or agencies is/are responsible for: _______
    8·1 answer
  • Pension data for David Emerson Enterprises include the following:_______.
    7·1 answer
  • Which number is equivalent to(2.3×107)×(1.1×103)?
    11·1 answer
  • - Ethical Considerations. Is managing a business in ways
    11·1 answer
  • On the far right side of the AS curve, the economy is producing ________ potential, and on the far left of the curve, it is prod
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!