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blondinia [14]
2 years ago
13

Blissful Blankets' target profit is $520,000. Each blanket has a contribution margin of $21. Fixed costs are $320,000. The numbe

r of blankets that must be sold to achieve the target profit
Business
1 answer:
zysi [14]2 years ago
5 0

It can be deduced that the number of blankets that must be sold in order for the company to achieve the target profit is 40000.

<h3>How to calculate the target profit</h3>

From the information, Blissful Blankets' target profit is $520,000 and each blanket has a contribution margin of $21. Fixed costs are $320,000.

Therefore, the number of blankets that must be sold to achieve the target profit will be:

= (520000+320000)/21

= 40000

Learn more about profit on:

brainly.com/question/1078746

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The following items are taken from the financial statements of Cullumber Company for 2022:
Doss [256]

Answer:

                                          Cullumber Company

                                          Balance Sheet

                                          As at 2022

Explanation:                      Amount in $

Current Assets

Accounts Receivable           12,500

Cash                                      13,000

Prepaid Insurance                  6,600

Supplies                                  4,600

Total Current Assets            36,700

Non-Current Assets

Equipment (225,000-36,900)  188,100

Total Assets                            <u>  </u><u>224,800</u>

Liabilities & Shareholders' Equity

Current Liabilities

Accounts Payable                10,600

Notes Payable                      65,000

Salaries Payable                      3,900

Total Current Liabilities           79,500

Equity

Common Stocks                      97,000

Retained Earnings (25,900+133,000-21,400-13,600-2,600-16,800-33,500-6,700)                                          64,300  

Dividends                                   (16,000)

 Total Equity                              145,300

Total Liabilities & shareholders' equity    <u>224,800</u>  

4 0
3 years ago
Assume (1) a predetermined overhead rate of $8.00 per machine-hour, (2) actual machine-hours worked during the period of 54,000
rodikova [14]

Answer:

Allocated MOH= $432,000

Explanation:

Giving the following information:

Predetermined overhead rate of $8.00 per machine-hour

Actual machine-hours worked= 54,000 hours

<u>To calculate the allocated overhead, we need to use the following formula:</u>

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 8*54,000

Allocated MOH= $432,000

7 0
3 years ago
Franklin Templeton has just invested $8,860 for his son (age one). This money will be used for his son’s education 18 years from
luda_lava [24]

Answer:

Future value (FV) = $57,908

Present value (PV) = $8,860

Number of years (n) = 18 years

Interest rate = ?

FV = PV(1 + r)n

$57,908 = $8,860(1 + r)18

$57,908 = $8,860(1 + r)18

<u>$57,908</u> = (1 + r)18

$8,860

6.535891648 = (1 + r)18

18√6.535891648 = 1 + r  

1.10993 - 1 = r

r = 0.10992 = 10.99%

Explanation:

In this case, we will apply the future value of a lump sum (single investment) formula. The present value, future value and number of years are given with the exception of interest rate. Thus, interest rate is made the subject of the formula.

8 0
3 years ago
B-to-B companies use digital marketing to position their businesses as thought leaders and generate sales leads, primarily in th
PolarNik [594]

Answer:

The answer options to this question would be the following:

a) communication and orders

b) promotional mix

c) banners

d) content marketing

The correct answer is d) content marketing.

Explanation:

Content marketing is a marketing technique that is based on the generation of different content around a brand. The purpose of content marketing is to attract and retain those potential customers through relevant and valuable content.

Thanks to this marketing technique you can work the entire cycle of the user's purchase. In other words, the process a person goes through from the moment they realize they have a need until they decide to buy a product / service to solve it.

6 0
3 years ago
Shelley is the Chairman of the Federal Reserve. She is in charge of making decisions for the Fed that will impact the economy in
olga nikolaevna [1]

Answer: a. increase the reserve requirement

Explanation:

With such an inflation rate, the economy is probably producing at a point higher than its potential GDP which means that it is overheated. It therefore needs to be controlled and brought back down to its potential level.

Restrictive monetary policy - reducing money supply - would be a way to do this. The Fed can do this via a variety of ways but one way is by raising the reserve requirement. This would require banks to leave more deposits with the Fed. As these cannot then be lent to the public, money supply will decrease.

8 0
2 years ago
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