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prohojiy [21]
3 years ago
9

Raven Company has a target of earning $70,000 pre-tax income. The contribution margin ratio is 30%. What amount of dollar sales

must be achieved to reach the goal if fixed costs are $36,000?
Business
1 answer:
victus00 [196]3 years ago
6 0

Answer:

Target dollar sales = $353,333

Explanation:

First we need to find out how much contribution do we need to get a profit of 70,000.

Profit= Contribution - Fixed cost.

70,000=Contribution-36,000

70,000+36,000=106,000

Contribution= 106,000

Now in order to find the sales we will use the formula

Target Sales= Contribution/Contribution margin

Contribution = 106,000

Contribution margin =30%=0.3

Input the values into the formula

106,000/0.3=353,333.333

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Andreas93 [3]

Cab services are the best option for transportation in the UK.

Cabs are a type of personalized transport that works in the United Kingdom, this service offers several advantages compared to taxis such as:

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Based on the above, it can be inferred that Cabs are the best transport service in the UK.

Learn more in: brainly.com/question/23627598

6 0
2 years ago
What is one difference between a vocational school and on-the-job training?
Gemiola [76]
Vocational classes provide job focus training for specific roles or careers
8 0
3 years ago
Read 2 more answers
Suppose real GDP for a country is $1,200 billion. The GDP price index is 114.6. There are 25 million workers who work 36 hours p
8_murik_8 [283]

Answer:

1,333.33

Explanation:

Labor productivity is measures the hourly output of a country's economy. Specifically, it charts the amount of real gross domestic product (GDP) produced by an hour of labor.

total labor hours = 25milion x 36 hours per week

                            = 900 million

labor productivity = GDP ÷ total labor hours

labor productivity = $1,200 billion ÷ 900 million

                                $1,333.33 per hour

4 0
3 years ago
Four months ago, you purchased 1,300 shares of lakeside bank stock for $23.32 a share. you have received dividend payments equal
Marina CMI [18]
<span>If I purchased 1,300 shares of lakeside bank stock for $23.32 a share. The total worth of the share is 1, 300 * 23.32 = $30, 316. Okay I received payments dividend worth 0.61 a share; that becomes 0.61 * 23.32 = $14.2252. I sold 1, 300 shares for $24.32. So I sold it for 1, 300 * 24.32 = $31616. My total return = (Amount I sold the share + dividend received) - Amount I bought the share. So we have (31616 + 14.2552) - 30316 = $31630.2552 - $ 30, 316 = $1314.2552</span>
7 0
3 years ago
Labor and employers agreed to a new ""social contract"" that included all of the following provisions EXCEPT:
Marina86 [1]

Correct/Complete Question: Labor and employers agreed to a new "social contract" that included all of the following provisions EXCEPT:

A) employers required the National Association of Manufacturers to accept the right of workers to organize unions.

B) unions left decisions regarding capital investment in management's hands.

C) unions left decisions regarding plant location in management's hands.

D) employers granted wage increases.

E) employers extended pensions and health insurance to workers.

Answer:

A, employers required the National Association of Manufacturers to accept the right of workers to organize unions.

Explanation:

A social contract is an agreement made between the superiors and subordinates defining the rights and duties of both parties. Since this contract has spelt out the duties of each, the Manufacturer's Association doesn't expect workers to set up unions.

i hope this helps.

5 0
3 years ago
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