Sunland Company needs to achieve sales of $1,044,000 to cover both fixed costs and reach their target net income of $87,000 using the contribution margin approach.
In order to compute the required sales in dollars needed to achieve Sunland Company's target net income of $87,000 using the contribution margin approach, we will follow these steps:
1. Calculate the contribution margin ratio: This is the percentage of each sales dollar that is available to cover fixed costs and contribute to net income. To find this, we first need to determine the variable cost ratio (70% of sales) and then subtract it from 100%.
Contribution Margin Ratio = 100% - Variable Cost Ratio = 100% - 70% = 30%
2. Calculate the total contribution margin needed to cover fixed costs and achieve the target net income: In this case, we need to cover both the fixed costs of $226,200 and the desired net income of $87,000.
Total Contribution Margin Needed = Fixed Costs + Target Net Income = $226,200 + $87,000 = $313,200
3. Calculate the required sales in dollars: Divide the total contribution margin needed by the contribution margin ratio to determine the sales needed to achieve the target net income.
Required Sales = Total Contribution Margin Needed / Contribution Margin Ratio = $313,200 / 0.3 = $1,044,000
For more about contribution margin:
https://brainly.com/question/29534784
#SPJ11
A maintenance schedule lists maintenance procedures, who is responsible, and when the procedures need to be completed.
O False
O True
Answer:
False
i had this same question
Explanation:
When sending a contract to a client which mailing service would she use
Answer:
she should use the closest on
Explanation:
HELP LOTS OF POINTS!!
Which information in the accounts payable subsidiary journal is entered after
the amount of credit or debit?
A. The name of the vendor
B. The terms of the sale
C. The balance
D. The date
Answer:
D
Explanation:
Answer: the balance
Explanation: because
what does disney use at their theme parks and resorts to try to integrate and improve customers’ experiences with their offerings and brand?
What was the opening price of Dow Jones Industrial Average on Jul 09, 2018 in the format of XXXXX.XX?
Answer:
According to yahoo finance, the opening price of the Dow Jones Industrial Average on Jul 09, 2018, is 24519.20.
Explanation:
Dow Jones Industrial Average is a stock indicator of the top 30 companies of the US. Other indicators include NASDAQ Composite and S&P 500.
These indicators are used to assess the performance of the market on a subsequent day. From the historical data from the Yahoo Finance, the value for any day could be found which for July 09, 2018 is 24519.20.
the buyers and the sellers have not gotten along during the buying process. now it is time for closing, and the real estate professionals involved in this transaction believe that a closing where the buyers and sellers close together may be adversarial. what might be the best way to handle this situation?
In a situation where the buyers and sellers have not gotten along during the buying process and a potentially adversarial closing is anticipated, the best way to handle this situation is to conduct separate closings. This allows for a more controlled and less confrontational environment, ensuring a smoother transaction for all parties involved.
When there is significant tension or animosity between buyers and sellers during the buying process, conducting separate closings can help mitigate potential conflicts and create a more positive environment. Separate closings involve scheduling different times for the buyers and sellers to sign the necessary paperwork and complete the transaction.
By separating the closing sessions, the buyers and sellers can focus on their own responsibilities and concerns without the added pressure of being in the same room together. This approach can help alleviate any confrontational dynamics and foster a more productive atmosphere during the closing process.
During separate closings, the real estate professionals involved can effectively communicate with each party individually, ensuring that all necessary documents are reviewed, questions are addressed, and any last-minute issues are resolved. This approach allows for personalized attention and minimizes the risk of tensions escalating between the buyers and sellers.
Ultimately, the goal of conducting separate closings in this situation is to prioritize the smooth completion of the transaction while minimizing potential conflicts. It provides a controlled environment where each party can focus on finalizing the deal without the added stress of a contentious interaction. This approach promotes professionalism, enhances the chances of a successful closing, and protects the interests of both buyers and sellers.
Learn more about confrontational here:- brainly.com/question/14090128
#SPJ11
how has the right to education addressed to differently able persons?How far is it appropriate to keep such provision with view of justice?Present your logics.
Answer:
,
Explanation:
i think this is answer right
What would be the best decision: To rent month-to-
month until you get a job, or to go ahead and sign a
lease for two years?
O Rent month to month.
O Sign the lease.
Answer:
Sign the lease.
what is the principal tax benefit for investing as a limited partner in an exploratory oil and gas drilling program?
The principal tax benefit for investing as a limited partner in an exploratory oil and gas drilling program is the immediate deduction of intangible drilling costs (IDCs).
IDCs are costs incurred in the exploration for oil and gas that are not related to the actual drilling of the well. These costs can include things like the cost of seismic surveys, leasehold payments, and geological and engineering fees.
Under the Internal Revenue Code, IDCs are 100% deductible in the year incurred. This means that if you invest as a limited partner in an exploratory oil and gas drilling program, you can deduct the full amount of the IDCs from your taxable income in the year that they are incurred.
This can be a significant tax benefit, especially if you are in a high tax bracket. For example, if you are in the 37% tax bracket, a $100,000 deduction would save you $37,000 in taxes.
Of course, there are also risks associated with investing in exploratory oil and gas drilling programs. The well may not produce any oil or gas, in which case you will lose your investment. However, the tax benefits can be significant, so it is important to weigh the risks and rewards before investing.
Here are some other tax benefits for investing in oil and gas drilling programs:
* Depletion allowances: Oil and gas wells are subject to depletion allowances, which allow you to deduct a portion of the cost of the well each year as it produces oil or gas. * Pass-through of losses: If the oil and gas drilling program loses money, you can deduct your share of the losses from your other income.
These tax benefits can make investing in oil and gas drilling programs attractive to investors. However, it is important to remember that there are also risks associated with these investments, and you should do your research before investing.
Learn more about Income here:
https://brainly.com/question/14732695
#SPJ11
Which is an example of a small business showing social responsibility to individuals within the company?
A. starting an office recycling program
B. developing sustainable business practice
C. donating money to local organizations
D. allowing employees to work from home
Starting an office recycling program, developing sustainable business practice and donating money to local organizations are examples of a small business showing social responsibility to individuals within the company.
Company have a social responsibility to the communities in which they operate. This includes ensuring that they are good corporate citizens, providing support for local causes and charities, and protecting the environment.
Sustainable business is a term that is often used to describe businesses that are environmentally friendly or that have a positive social impact.
Hence, the correct options are "A, B & C".
To know more about social responsibility, click here.
https://brainly.com/question/24176816
#SPJ1
Dividends are paid out of profits, and:
(A) dividends are paid before a firm's taxes are paid.
(B) dividend payments must be approved by the firm's board of directors.
(C) dividends are guaranteed.
(D) dividends are usually paid twice a year.
(personal finance question)
Dividends are given out of profits, and it is commonly pay off twice a year. Option D is correct.
What are dividends?A dividend is defined as the amount of profit that is available for the distribution by a corporation to its shareholders, this amount of profit is given only when an enterprise earns a profit.
The majority of dividends are paid four times a year, on a quarterly basis, but some companies pay dividends twice a year.
Therefore, option D is correct.
Learn more about the Dividend, refer to:
https://brainly.com/question/13535979
#SPJ1
Assume that the exchange rate of U.S. dollars to euros is $1.80 to 1 euro. How much would a U.S. company gain or lose if the company has a 10,000 euro receivable and the exchange rate went to $1.75 to 1 euro
If the U.S. company had a 10,000 euro receivable when the exchange rate was $1.80 to 1 euro, the value of that receivable in U.S. dollars would be $18,000 (10,000 x 1.80 = 18,000).
If the exchange rate then went to $1.75 to 1 euro, the value of the 10,000 euro receivable in U.S. dollars would be $17,500 (10,000 x 1.75 = 17,500).
Therefore, the U.S. company would lose $500 if the exchange rate went from $1.80 to $1.75 to 1 euro.
In this scenario, we need to determine how much a U.S. company would gain or lose if the exchange rate of U.S. dollars to euros changes from $1.80 to 1 euro to $1.75 to 1 euro, and the company has a 10,000 euro receivable.
Step 1: Calculate the initial value of the receivable in U.S. dollars
Initial exchange rate: $1.80 to 1 euro
Receivable: 10,000 euros
Initial value = 10,000 euros * $1.80/euro = $18,000
Step 2: Calculate the new value of the receivable in U.S. dollars
New exchange rate: $1.75 to 1 euro
Receivable: 10,000 euros
New value = 10,000 euros * $1.75/euro = $17,500
Step 3: Determine the gain or loss
Loss = Initial value - New value
Loss = $18,000 - $17,500
Loss = $500
So, the U.S. company would lose $500 if the exchange rate went from $1.80 to 1 euro to $1.75 to 1 euro with a 10,000 euro receivable.
To know more about exchange rate visit:
https://brainly.com/question/14930716
#SPJ11
an organization whose members have a common cause for which they seek to influence public policy is called an...
Answer:
interest group
Explanation:
The _____________ represented sweeping changes to the tax code and reframed the computation of employee income tax.
The Tax Cuts and Jobs Act represented sweeping changes to the tax code and reframed the computation of employee income tax.
What is Tax Cuts and Jobs Act?Tax Cuts and Jobs Act serves as the established act that focus on the changes to the tax code as regards the employees.
Therefore,Tax Cuts and Jobs Act changes to the tax code reframed the computation of employee income tax.
Learn more about Tax Cuts and Jobs Act at:
https://brainly.com/question/1904946
the ability to influence employees to voluntarily pursue organizational goals is referred to as ______.
Answer:
leadership
Explanation:
The ability to influence employees to voluntarily pursue organizational goals is referred to as leadership.
A 3rd degree burn has burnt only part of the epidermis. the epidermis only. the epidermis and dermis. the epidermis and part of the dermis.
A 3rd degree burn has burnt the epidermis and part of the dermis. Option 3 is the correct answer.
A 3rd degree burn is a severe burn that extends through the entire thickness of the skin. In a 3rd degree burn, the epidermis, which is the outermost layer of the skin, and part of the dermis, which is the layer beneath the epidermis, are affected. This type of burn destroys the full thickness of the epidermis and can extend into the deeper layers of the dermis.
The epidermis serves as a protective barrier for the body, preventing the entry of harmful substances and pathogens. It also helps regulate body temperature and plays a role in the production of vitamin D. The dermis provides structural support, contains blood vessels, nerve endings, sweat glands, and hair follicles.
Due to the severity of the injury, 3rd degree burns often require medical intervention and specialized treatment. They can result in extensive tissue damage, loss of sensation, and impaired healing. Treatment may involve surgical interventions, such as skin grafting, to promote healing and minimize the risk of infection. Rehabilitation and long-term care are often necessary to manage the physical and psychological effects of a 3rd degree burn.
Hence, option 3 is the right choice.
To know more about epidermis , visit https://brainly.com/question/13450121
#SPJ11
During and after a snowstorm, there will be both route and schedule changes for
the hospital employee bus. The bus will run 15 minutes early, so in the first stops
(at Artesian and Riverdale), the bus will be approximately 10 minutes early. These
stops are on a hillside, so please wait at the top of the hill, so that the driver can
stop safely. When the driver approaches, step back from the curb. The driver will
stop away from the snowdrifts on the side of the road, so next check for traffic,
walk carefully to the bus, and board from the street. Once on the bus please
proceed quickly as far back as possible so we do not block traffic. The bus will not
stop at Bellevue Square or the Stadium. Employees usually boarding at those
places will be picked up at the Eastdale Mall stop, which will be approximately 5
minutes early. The final stops, at Robinson and Clark, will be about 5 minutes
behind schedule. Ice storms may cause the shuttle service to be canceled for a
period of time. Listen to your local radio station after an ice storm. When
cancelations occur, you will receive an email announcement, and it will also be
announced on the local radio station.
The TTC has established a plan to ensure bus, streetcar, subway and Wheel-Trans service is maintained during a significant snow storm.
What is a snow storm?When wind and specific types of precipitation—such as snow, mixed snow and rain, or freezing rain—occur simultaneously at below-freezing temperatures, the phenomenon is referred to as a winter storm.
These storms can happen at any time of year in temperate continental areas, not just in the winter. They can also happen in the late autumn and early spring.
Blizzards are defined as snowstorms with high winds and other conditions that meet specific requirements. Storms that produce significant snowfall are called snowstorms.
Traffic and school transportation can be severely disrupted by just 2 inches of snow. This is especially true in areas where huge accumulating snowfalls can happen but snowstorm is not usually common.
Learn more about snow storm, here
https://brainly.com/question/29697260
#SPJ1
The purpose of this category of interview questions is to explore the applicant's past performance and behavio
a. General information questions
b. Behavioral questions
C. Character questions
d. Stress questions
The purpose of this category of interview questions is to explore the applicant's past performance and behavio is Behavioral questions. Thus, option B is correct.
Behavioral questions are designed to assess an applicant's past performance and behavior in various situations. These questions typically ask candidates to provide specific examples from their previous experiences to demonstrate their skills, abilities, and approach to problem-solving.
The purpose of these questions is to gain insight into how the applicant has behaved in the past, as it is believed that past behavior can be a good indicator of future performance.
Learn more about interview questions on:
https://brainly.com/question/28187495
#SPJ1
Negative externalities that might occur in the south african economy due to the war of ukraine and russia
South African economy may experience negative externalities due to the Ukraine-Russia war, including higher energy prices and disruptions in global trade.
What are some potential negative impacts on South Africa's economy due to the Ukraine-Russia war?Higher energy prices and disruptions in global trade resulting from the Ukraine-Russia war can have negative externalities on the South African economy. South Africa heavily relies on imported energy resources, such as oil and gas, and any escalation in the conflict could lead to increased energy prices. This would not only affect domestic consumers but also businesses, as higher energy costs can impede production and hinder economic growth.
Furthermore, the war may cause disruptions in global trade, as trade routes and supply chains could be affected. South Africa relies on international trade for both imports and exports, and any disturbances in trade flows can have detrimental effects on the economy. Reduced access to important imports or the inability to export goods can lead to economic instability, job losses, and decreased foreign exchange reserves.
Learn more about negative externalities
brainly.com/question/13901028
#SPJ11
coffee to
growing more
16)
16]
2 TGH are a public limited company which makes sports shoes (trainers). It makes
a variety of designs for the mass market. The mass market is for young people
who want fashionable sports shoes as well as those who play sport. The Directors
segment of customers who have a medical problem with their feet and need
recently decided to target a niche market which is for a particular market
b) Identify two examples of the different markets for TGH products.
c) Identify and explain two reasons why TGH sell to a niche market.
d) Identify and explain two advantages to TGH of segmenting the market
e) Do you think the Directors of TGH were right to target a niche market
or should they have stayed with just a mass market? Justify your answer.
specially designed shoes,
a) What is meant by a 'niche market'?
for sports shoes.
Revision checklist
In this chapter you have learned:
the role of marketing-identifying and satisfying customer needs as well as
Answer:
Is this reading then answering questions or....
Explanation:
I dont get the question sry but I'll try to help
The allowance for doubtful accounts is a(n) (current/contra/opposite) asset account and has a normal credit balance.
Answer:
contra
Explanation:
because its true
Which of the 4 P's focuses on communicating the value proposition?
Answer: The marketing mix is most commonly executed through the 4 P's of marketing: Price, Product, Promotion, and Place.
Explanation:
the primary goal of financial accounting is to provide information to?
The main purpose of financial accounting is to prepare financial reports that provide information about the company's performance to external parties such as investors, creditors and tax authorities.
Financial accounting is the process of recording, measuring, recording and ultimately reporting an organization's income, accounts receivable, and expenses in financial statements. This process is intended to accurately reflect business operations. We help businesses comply with legal, tax and regulatory requirements. Providing financial accounts to business owners. Enables detailed financial analysis. Promote efficient resource allocation. The main purpose of financial accounting is to enable third parties to assess the value of a company.
In financial accounting, companies have two basic methods for constructing their company's accounting policies. Publicly traded companies are required to use accrual accounting, which is standardized under Generally Accepted Accounting Principles (GAAP).
Under the accrual basis, revenue is recognized when incurred rather than when received, and expenses are recognized when incurred rather than when paid. Many private companies also use his GAAP, but they are not required to. Private companies also have the opportunity to use cash accounting.
In practice, the main goal of financial accounting is to accurately prepare the financial accounts of an organization for a specific period of time, also called annual financial statements. There are three financial statements: income statement, balance sheet and cash flow statement.
Know more about financial accounting here:
https://brainly.com/question/16550059
#SPJ4
The complete question is:
What is the primary goal of financial accounting?
1. Where is the Recovery Asset reported in accordance with GAAP?
2. Explain how sales are to be recorded under the new revenue recognition standard.
3. Veronica's Apparel offers its customers the right to return any products purchased up to 45 days after the sale, for any reason. Last Thursday, Veronica's Apparel sold 100 blue cardigans to a variety of customers. Historically (based on experience), Veronica (owner of Veronica's Apparel) expects 20 of those cardigans to be returned for a full refund. On average, Veronica sells a cardigan for $125 and pays $50 to produce a cardigan. Prepare the entries to record the sale of the cardigans and expected refund liability and corresponding asset in accordance with GAAP. You may use traditional journal entries or the accounting equation to illustrate your entries. Please support your answer with well-labeled computations so that we can understand how you determined the amounts posted here.
Under GAAP, the recovery asset is reported as a current asset on the balance sheet. It is classified as a current asset because it is expected to be realized within one year.
How are sales to be recorded under the new revenue recognition standard?The new revenue recognition standard, ASC 606, requires companies to recognize revenue when it is earned and realized or realizable. This means that revenue is recognized when the customer has a right to receive the goods or services and the company has substantially completed its performance obligations.
The following journal entries would be recorded to reflect the sale of the cardigans and expected refund liability and corresponding asset:
Account title Debit Credit
Accounts receivable 12,500
Revenue 12,500
Expected refund liability 2,500
Recovery asset 2,500
Accounts receivable = 100 x $125 = $12,500
Revenue = $12,500
Expected refund liability = 20 x $125 = $2,500
Recovery asset = $2,500
The expected refund liability is a contingent liability because it is possible that not all 20 cardigans will be returned. The recovery asset is a receivable because Veronica is entitled to receive the amount of the refund if the cardigans are returned.
Find out more on refund liability at https://brainly.com/question/29387369
#SPJ1
Dan just lost his job. At 44 years old, he worked as a middle manager at a well-known advertising firm for 14 years. Due to a significant loss of clients, the company had to downsize despite Dan being an exemplary employee and winning several awards. The company decided to let Dan go instead of another middle manager who was in a minority group. In a business setting, this occurrence is referred to as
In a business setting, the given occurrence we called the reverse discrimination
Reverse discrimination is the non-fair treatment of members who belong to the majority group in the workplace that depends upon race, gender, etc.
Reverse discrimination might arise at the time when the majority group like white or males are to be overlooked for following things
JobsPromotionsOther types of opportunitiesThese should provide the preference to the minority group like for women
So therefore we can conclude that In a business setting, the given occurrence we called the reverse discrimination
Learn more about reverse discrimination here: brainly.com/question/12382112
Match the item with the section of the marketing plan it belongs in. To match the items, click the item, and then click the section.
Match the item with the section of the marketing plan it belongs in.
To match the items, click the item, and then click the section.
The amount you plan to spend on each promotional strategy.
Marketing message
The number of sales you plan to have in the next year.
Product description
Strengths and weaknesses of other companies that provide similar products.
Other marketing goals
The message about your product's benefits that you plan to convey to your target market.
Budget
The percentage of customers who say they are highly satisfied in your customer profile survey.
Competition
The qualities you want to have people associate with your product.
Pricing
A list of the product's features.
Market research
How the cost of your product will support your brand image and marketing message.
Brand image goals
A description of general economic trends and how they are likely to affect the target market.
Promotional strategies
Ways you will communicate with your target market.
Financial goals
Answer:
1. Budget.
2. Financial goals.
3. Competition.
4. Marketing message.
5. Other marketing goals.
6. Brand image goals.
7. Product description.
8. Pricing.
9. Marketing research.
10. Promotional strategies.
Explanation:
1. Budget: The amount you plan to spend on each promotional strategy.
2. Financial goals: The number of sales you plan to have in the next year.
3. Competition: Strengths and weaknesses of other companies that provide similar products.
4. Marketing message: The message about your product's benefits that you plan to convey to your target market.
5. Other marketing goals: The percentage of customers who say they are highly satisfied in your customer profile survey.
6. Brand image goals: The qualities you want to have people associate with your product.
7. Product description: A list of the product's features.
8. Pricing: How the cost of your product will support your brand image and marketing message.
9. Market research: A description of general economic trends and how they are likely to affect the target market.
10. Promotional strategies: Ways you will communicate with your target market.
Answer:
1. Budget.
2. Financial goals.
3. Competition.
4. Marketing message.
5. Other marketing goals.
6. Brand image goals.
7. Product description.
8. Pricing.
9. Marketing research.
10. Promotional strategies.Explanation:
what is the primary purpose of a mission statement
Answer: A mission statement is a concise explanation of the organization's reason for existence. It describes the organization's purpose and its overall intention. The mission statement supports the vision and serves to communicate purpose and direction to employees, customers, vendors and other stakeholders.
In the context of expatriate compensation, what is the role of a balance sheet approach?
A. It is offered as an inducement to accept foreign postings and live away from family.
B. It helps expatriates to come to terms with the standard of living of the host country.
C. It helps expatriate managers and their families to adjust to the day-to-day life of the host country.
D. It equalizes purchasing power across countries so employees can enjoy the same living standard in their foreign posting that they enjoyed at home.
In the context of expatriate compensation, the role of a balance sheet approach is that it equalizes purchasing power across countries so employees can enjoy the same living standard in their foreign posting that they enjoyed at home. The correct option is D.
The balance sheet approach recognizes that the cost of living and financial factors vary between the home country and the host country, and aims to ensure that expatriates are fairly compensated for these differences.
By equalizing purchasing power, the balance sheet approach helps to maintain the motivation and well-being of employees working abroad.
Under the balance sheet approach, expatriate compensation packages are designed to offset the cost-of-living differences between countries.
This includes elements such as base salary, allowances for housing, education, and cost-of-living, as well as benefits like healthcare and retirement plans.
Additionally, the balance sheet approach indirectly supports expatriate managers and their families in adjusting to the day-to-day life of the host country (option C).
By providing financial stability and a comparable standard of living, the approach alleviates concerns and helps facilitate a smoother transition for both the expatriate and their family members.
In conclusion, the balance sheet approach in expatriate compensation plays a vital role in equalizing purchasing power and ensuring that employees can enjoy a similar living standard in their foreign posting as they did at home. The correct option is D.
To know more about balance sheet approach, refer to the link :
https://brainly.com/question/29691823#
#SPJ11
a+$1,000+par+value+bond+has+coupon+rate+of+7%+and+the+coupon+is+paid+semi-annually.+the+bond+matures+in+20+years+and+has+a+required+rate+of+return+of+10%.+compute+the+current+price+of+this+bond.
To determine the current price of the given bond, follow these steps: Step 1: Determine the semi-annual interest payment of the bond.
The bond has a coupon rate of 7%, which is paid semi-annually. Therefore, the semi-annual coupon payment can be calculated as: Coupon payment = Coupon rate * Par value / 2= 7% * $1,000 / 2= $35. Step 2: Determine the total number of coupon payments. Total number of coupon payments can be calculated as: Number of coupon payments = 20 years × 2 semi-annual coupon payments per year= 40. Step 3: Determine the present value of each coupon payment. We know the required rate of return is 10%. Using the formula for present value of an ordinary annuity, we can calculate the present value of each coupon payment: Present value of each coupon payment = Coupon payment / (1 + r)n= $35 / (1 + 0.1 / 2)40= $427.09Step 4: Determine the present value of the par value.
The present value of the par value can be calculated as: Present value of the par value = Par value / (1 + r)n= $1,000 / (1 + 0.1 / 2)40= $148.64Step 5: Calculate the total present value of the bond. The total present value of the bond is the sum of the present value of each coupon payment and the present value of the par value. Hence, Total present value of the bond = Present value of each coupon payment × Total number of coupon payments + Present value of the par value= $427.09 × 40 + $148.64= $16,943.52Therefore, the current price of the bond is $16,943.52. The main answer is $16,943.52, with the working shown above.
In conclusion, the current price of the given bond is $16,943.52.
To know more about Bond visit:
brainly.com/question/31994049
#SPJ11
What is an advantage of using credit cards? (Select the best answer.) Credit cards are protected from loss or theft. Credit card accounts can be used as savings accounts. Credit card accounts are always easy to understand. Credit cards have low interest rates.
Answer:
The answer is the last one which is credit cards have low interest rate
Explanation:
I think so
Answer:
Credit Cards are protected from loss or theft.
Explanation: THIS IS THE CORRECT ANSWER NOT THE OTHER ONE PEOPLE!