Milk Mints must have sales of $3,200,000 to cover its fixed costs of $960,000 and to earn net income of $800,000. What is the company's variable costs as a percent of sales? 45%
25%
30%
55%
Answers
The company's variable costs account for approximately 45% of its sales. This means that out of every dollar of sales revenue, 45 cents are attributed to covering the variable costs associated with producing the product. Option A.
To find the company's variable costs as a percentage of sales, we need to understand the concept of contribution margin. The contribution margin is the difference between sales revenue and variable costs and represents the portion of each sale that contributes to covering fixed costs and generating a profit.
Let's denote the variable costs as V and the sales revenue as S. We can express the contribution margin as:
Contribution Margin = Sales Revenue - Variable Costs
We know that the fixed costs are $960,000 and the net income target is $800,000. Since the contribution margin is used to cover the fixed costs and generate profit, we can write the following equation:
Contribution Margin = Fixed Costs + Net Income
Substituting the given values:
S - V = $960,000 + $800,000
S - V = $1,760,000
We also know that the sales revenue must be $3,200,000 to cover the fixed costs and achieve the net income target. Therefore, we can write another equation:
S = $3,200,000
Substituting this value into the previous equation:
$3,200,000 - V = $1,760,000
V = $3,200,000 - $1,760,000
V = $1,440,000
Now, we can calculate the variable costs as a percentage of sales:
Variable Costs as a Percentage of Sales = (V / S) * 100
Variable Costs as a Percentage of Sales = ($1,440,000 / $3,200,000) * 100
Variable Costs as a Percentage of Sales ≈ 45%
Therefore, the correct answer is 45%. So OptioN A is correct.
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Related Questions
Economics is the study of how evenly goods and services are distributed within society. True or false?.
Answers
This is FALSE! Economics is the study of how goods and services are distributed EFFICIENTLY (not evenly) within society.
Economics also analyzes how organizations, businesses, governments, and nations prefer to allocate their wealth or resources. But since there are different classes within society, these commodities and services must be distributed efficiently and not evenly.
Economists study how society uses its finite resources and believe that the distribution of economic advantages must be efficient and effective.
Economics recognizes consumer behavior. It can also forecast the economy. It can correct market flaws and suggest making wise decisions. It is also a social study that strives for social efficiency and gives information on resource distribution.
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The computer accessories that Javier is making and
selling are bringing in a substantial amount of money
for him. Inspired by this success, he decides to hire two
people and expand his business.
A.international competition
B.consumer sovereignty
C.wealth creation
D.property rights
E.profit motive
Answers
Answer:
E. Profit motive
Explanation:
Profit motive can be defined as the intention, motivation or desire to form a business or engage in business ventures so as to generate financial (monetary) gains.
This ultimately implies that, profit motive is a desire for monetary gains (profits) which motivates a business owner to engage in the sales of finished goods or services.
Hence, profit motive is the premise on which all businesses are built on because the ultimate goal of every business is to achieve financial gains.
In this scenario, the computer accessories that Javier is making and selling are bringing in a substantial amount of money for him. Inspired by this success, he decides to hire two people and expand his business.
Thus, this is an example of profit motive.
19. Which of the following is the basic purpose of a company's promotional mix:
A. To provide all product information
B. To influence consumers to purchase
C. To list the company's products
D. To reduce competitors' sales
Answers
Answer:
B. To influence consumers to purchase
Explanation:
Type the correct answer in the box. Spell all words correctly.
What need is influenced by an individual’s personality, culture, and environment?
______ are needs that are influenced by an individual’s personality, culture, and environment, while needs are essential to human life.
Answers
Answer:
WANTS are those needs(things that u don't need that moment like cars etc) which influence one personality, culture and environment.an astronaut weighs 900N on Earth.On the moon he weighs 150N.Calculate the moon's gravitational strength
Answers
Answer:
Explanation: Formula for weight W = mg ; where m = mass and g = gravity. ... Gravity of Moon = 1/6 × Gravity of Earth. Answer :- Gravitational strength on the moon = 5/3 Nkg-1.
Explanation:
Write a one to two paragraph explanation that teaches how to complete each form. Be sure to write the instructions in "plain English" versus official federal government "speak."
Describe the documents you could provide to a new employer in order to establish your identity and/or employment eligibility. Provide a list of a minimum of four documents.
Submit your paragraph explanations for completing each form and the description of the documents for establishing your identity and/or employment eligibility as the assignment for this lesson.
Answers
Answer: So so sorry but i don't know!
Explanation:Have a great day
The comparison of actual outcomes with desired outcomes is an example of a(n):
a. static activity
b. control activity
c. operating activity
d. planning activity
Answers
The comparison of actual outcomes with desired outcomes is an example of a control activity.
Control activities involve monitoring and assessing the performance of a system or process to ensure that it meets the desired outcomes. A control activity involves monitoring performance and comparing it against established standards or desired outcomes, which allows for adjustments and improvements to be made when necessary. This involves comparing actual results with the expected or desired results, and taking corrective action if necessary. Control activities are an important component of effective management and help organizations to achieve their goals and objectives. In contrast, planning activities involve setting goals, identifying resources and strategies, and developing plans to achieve those goals. Operating activities involve carrying out the plans and strategies that have been developed through the planning process. Finally, static activities refer to tasks that do not change or adapt to changing circumstances.
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can regional level employment be converted into national level
employment? Why? Why not ?
Answers
Answer:
The work or occupation for which one is used and often paid is known as employment. If employment is generated in a particular region or a locality only, it is termed as regional level employment and if employment is generated at the national level, it is termed as national level employment.
Explanation:
plz mark me as brilliant plz
Type the correct answer in the box. Spell all words correctly.
Which good customer service skill does Tony seem to possess?
Tony works as a customer service professional for a store that sells refrigerators. He met a customer who was furious with the store's service.
Apparently, the store had delivered the wrong refrigerator model to the customer's home address. Tony apologized on behalf of the store. He
told the customer that the store would quickly replace the product. He Interacted with the customer for a while and promised that the store
would never give the customer a chance to complain in the future. Tony's ________
helped him make the customer believe
In the store's service.
Answers
Answer:
professional manner and reassurance
Consider an investment that costs $100,000 and has a cash inflow of $25,000 every year for 5 years. The required return is 9% and required payback is 4 years. What is the payback period
Answers
The payback period for the investment is 4 years.
What is the payback period?
The payback period is a capital budgeting method used to determine the profitability of an investment. It determines the number of years it would take to recover the amount invested in a project from its cumulative cash flows.
payback period = amount invested / cash inflow
$100,000 / $25,000 = 4 years
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7. If you make $35,000.00 a year and your company buys accidental life insurance for you that covers your life with 3x coverage, how much would your beneficiary receive if you accidentally die?
Answers
Answer:
$105,000.00
Explanation:
3x 35,000.00= 105,000.00
Why is it important to be flexible and patient when exhibiting sensitivity?
Answers
it is important to be flexible and patient when exhibiting sensitivity because we define ethnocentrism as an attitude or view that analyzes the world according to the parameters of our own culture.
What is Ethnocentrism?Ethnocentrism in social technological know-how and anthropology—in addition to in colloquial English discourse—way to use one's personal way of life or ethnicity as a body of connection with deciding different cultures, practices, behaviors, beliefs, and humans, rather than the use of the requirements of the specific way of life involved. Since this judgment is frequently bad, a few humans additionally use the time period to consult the perception that one's way of life is advanced to, or extra accurate or ordinary than, all others—mainly concerning the differences that outline every ethnicity's cultural identity, along with language, behavior, customs, and religion.[1] In not unusual place usage, it is able to additionally truly suggest any culturally biased judgment. For example, ethnocentrism may be visible withinside the not unusual place portrayals of the Global South and the Global North.Ethnocentrism is now and again associated with racism, stereotyping, discrimination, or xenophobia. However, the time period of "ethnocentrism" does now no longer always contain a bad view of others' race or implies a bad connotation.[3] The contrary of ethnocentrism is cultural relativism, a guiding philosophy declaring the satisfactory manner to recognize a distinct way of life is thru their angle as opposed to judging them from the subjective viewpoints formed through one's personal cultural requirements.Thus, It often includes the belief that one's ethnic group is most important, or that some or all aspects of our culture are superior to those of others.
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Where does the fdic’s reserve fund come from? a. the fdic has access to federal tax revenue. b. if an insured bank fails, the fdic keeps the money at that bank that is beyond the insured limit. c. a certain amount of money goes directly from the treasury to the fdic’s reserve fund. d. insured banks pay a premium on the money insured.
Answers
The federal deposit insurance corporation (FDIC) has access to federal tax revenue and that's from where its reserve fund comes.
The FDIC is a separate entity under the control of the US government. The FDIC safeguards American depositors of insured banks from losing their money in the event that an insured bank fails. Up to $250,000 per depositor for each type of ownership in each unique bank is insured by the FDIC.
Federal Tax Revenue is described as the money raised from income and profit taxes, social security taxes or "contributions," taxes imposed on goods and services, sometimes also referred to as "consumption taxes," payroll taxes, taxes imposed on the ownership and transfer of property, and other taxes.
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Contract law is intended to facilitate commercial activities and to enable businesses to conduct their affairs so that their legal obligations are certain.
Do you think, after considering the materials , contract law achieves its goals? Can you think of ways to improve the effectiveness of contract law?
Answers
After considering the materials, it can be argued that contract law generally achieves its goals of facilitating commercial activities and providing certainty to legal obligations.
Contract law provides a framework for parties to enter into agreements, set terms and conditions, and enforce their rights and obligations. It creates a level of predictability and stability in business transactions.
However, there are areas where contract law could be improved to enhance its effectiveness. One way is to promote greater clarity and simplicity in contract language. Contracts are often filled with complex legal jargon and lengthy provisions, which can make them difficult to understand for non-lawyers. Simplifying contract language and using plain English can improve comprehension and reduce the likelihood of misunderstandings or disputes.
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A local butcher and a worker at a cereal factory both work in what Agriculture, Food, and Natural Resource pathway?
Agribusiness Systems
Food Products & Processing Systems Animal Systems
Natural Resources Systems
Answers
The Food Products & Processing Systems is the department in Agriculture, Food, and Natural Resource where the local butcher and a worker at the cereal factory.
The food products $ processing systems is a department in the Food, and Natural Resource
The department is responsible for tasks including:
Bulk food production Development of ways to process, package or store food etcIn conclusion, the Food Products & Processing Systems is the pathway in Agriculture, Food, and Natural Resource where the local butcher and a worker at the cereal factory.
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Online content that has been created and posted by unpaid contributors such as customers or fans of a product or service is referred to as:.
Answers
Online content that has been created and posted by unpaid contributors such as customers or fans of a product or service is referred to as User-generated content.
User-generated contentUGC for short is content that is created, published or submitted by users of a brand. In numerous cases, it's the most influential content for brands. Usually, contributors are unpaid fans who encourage a brand instead of the brand promoting itself.
Online users are evolved increasingly savvy in knowing which companies are using messy marketing tactics, and which ones are being genuine and evident.
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Bond's gym should use to help solve the problem. if the owner of bond's gym raises his prices, the demand for membership will most likely . if the owner of bond's gym decides to raise his prices, he could make money per monthly membership.
Answers
The decision to use positive or negative incentives will depend on the gym's overall business strategy and target market. However, raising prices is not always the best option, as it could potentially decrease demand for membership.
When it comes to incentivizing customers, both positive and negative incentives can be effective, depending on the situation. In the case of Bond's Gym, it's important to consider what type of incentives would be most appealing to the target market.
Raising prices is a negative incentive, as it would increase the cost of membership for customers. This could potentially deter some customers from joining, particularly those who are price-sensitive. However, if the gym is able to position itself as a premium brand with high-quality equipment, amenities, and services, some customers may be willing to pay a higher price for the perceived value they are receiving.
Applying discounts or fees is a positive incentive, as it rewards customers for certain behaviors or actions, such as referring a friend or signing up for a long-term membership. This can be an effective way to incentivize current customers to stay loyal and refer others to the gym.
Offering exclusive memberships is also a positive incentive, as it creates a sense of exclusivity and value for customers who are willing to pay for it. For example, the gym could offer a premium membership that includes additional perks like personal training sessions, exclusive access to certain equipment, or discounted rates for group classes.
If the gym is able to offer attractive positive incentives, such as discounts or exclusive memberships, it may be able to attract and retain more customers while still generating revenue.
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Complete question:
The owner of Bond's Gym wants your advice. He asks you if you think positive incentives would work better than negative incentives. He is considering these options: - Raising or lowering prices - Applying discounts or fees - Offering exclusive memberships Bond's Gym should use to help solve the problem. If the owner of Bond's Gym raises his prices, the demand for membership will most likely. If the owner of Bond's Gym decides to raise his prices, he could make money per monthly membership.
Answer: negative incentives ,decrease, more
Explanation: on edge
If MPC =4/5, actual GDP = $600 and potential GDP = $640, there
is a ____
(recessionary / inflationary) gap of $__ and a ____ (decrease /
increase) in government
spending of $__ would eliminate the gap
Answers
There is a recessionary gap of $40 and a increase in government spending of $40 would eliminate the gap.
The recessionary gap is determined by the difference between actual GDP and potential GDP. In this case, the actual GDP is $600 and the potential GDP is $640, resulting in a gap of $40.
To close the recessionary gap, an increase in government spending is required. By increasing government spending by the same amount as the gap ($40), it would stimulate the economy and increase aggregate demand, leading to an increase in GDP. This increase in government spending would help bridge the gap and bring the economy closer to its potential level of output.
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TRUE OR FALSE research has demonstrated that layoffs can erode the competitive advantage that a firm achieves through adopting a set of human resource practices that demonstrate high commitment to employees.
Answers
The given statement "research has demonstrated that layoffs can erode the competitive advantage that a firm achieves through adopting a set of human resource practices that demonstrate high commitment to employees." is True. Research has shown that layoffs can have a negative impact on a firm's competitive advantage, particularly when the firm has adopted a set of human resource practices that demonstrate a high level of commitment to employees
Layoffs can erode the trust and loyalty that employees have in their employer, which can result in decreased morale, lower productivity, and reduced innovation. Furthermore, layoffs can also lead to the loss of valuable skills and knowledge, which can be difficult to replace. One study conducted by Cascio and Boudreau (2011) found that firms that adopted high-commitment human resource practices were more likely to experience negative outcomes following layoffs, including decreased innovation, lower employee motivation, and reduced customer satisfaction.
In contrast, firms that did not adopt these practices were less likely to experience negative outcomes following layoffs. Therefore, it is important for firms to carefully consider the potential consequences of layoffs before implementing them. Firms that have adopted high-commitment human resource practices may want to consider alternative strategies for cost reduction, such as reducing hours or implementing furloughs, in order to maintain the trust and commitment of their employees.
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In a business environment, potentially serious errors in emails include Multiple select question. accidentally releasing confidential data. addressing emails to the wrong recipients. using a subject line that reveals too much about content. unknowingly sending sensitive information.
Answers
In a business environment, potentially serious errors in emails include:
Unknowingly sending sensitive informationAccidentally releasing confidential dataAddressing emails to the wrong recipients.Errors in emails.Unknowingly sending sensitive information: Sender may mistakenly or unknowingly send out information that are sensitive to the receipt which inturn may cause harm or damage the business.Accidentally releasing confidential data: Releasing information or data that are confidential often lead to breach of confidentiality and this can affect the business.Addressing emails to the wrong recipients is a common error that often happen when sending out email as the sender can mistakenly address the email to a wrong person.Inconclusion In a business environment, potentially serious errors in emails includes: Unknowingly sending sensitive information, Accidentally releasing confidential data and Addressing emails to the wrong recipients.
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Beginning work-in-process inventory was 50% complete for direct materials and direct labor costs. Ending work-inprocess inventory was 75% complete for direct materials and direct labor costs. Direct material work-in-process inventory on January 1 was $50,000. Direct material costs added during the quarter were $720,000. What is the total value of material costs in ending work-in-process inventory using the weighted-average unit cost inventory valuation method
Answers
Answer:
WIP ending inventory= $180,000
Explanation:
First, we need to calculate the equivalent units of production for direct materials in ending inventory.
The weighted average method blends the costs and units of the previous period with the costs and units of the current period.
Units completed in the period + Equivalent units in ending inventory WIP (units*%completion) = Equivalent units of production
Equivalent units of production= 720,000*0.75
Equivalent units of production= $540,000
Now, work in process ending inventory:
WIP ending inventory= 720,000 - 540,000
WIP ending inventory= $180,000
How important is money
Answers
Answer:
very important
Explanation:
money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.
What is NOT the factor of achieving recruitment goals of
maximizing the number of applicants, quality of applicants, and
likelihood of acceptance?
Answers
One factor that is NOT related to achieving recruitment goals is the geographic location of the applicants. The geographic location does not impact the number of applicants, the quality of applicants, or the likelihood of acceptance.
Factors that are relevant to achieving recruitment goals include:
1. Maximizing the number of applicants: This can be achieved by implementing effective marketing strategies, such as advertising job openings on various platforms, attending job fairs, and utilizing social media channels. By reaching out to a larger audience, the organization can increase the number of applicants and have a wider pool to select from.
2. Quality of applicants: It is essential to attract highly qualified and suitable candidates. This can be accomplished through a well-defined job description, targeted recruitment efforts, and attracting candidates with the desired skills, experience, and qualifications. Organizations can also implement pre-screening processes, such as resume reviews or initial interviews, to ensure that only qualified candidates move forward in the recruitment process.
3. Likelihood of acceptance: Organizations can improve the likelihood of acceptance by creating an attractive work environment, offering competitive salaries and benefits, providing growth opportunities, and fostering a positive company culture. Additionally, conducting thorough interviews and assessments can help ensure that the organization selects candidates who are genuinely interested in the position and aligned with the company's values and goals.
In summary, while geographic location is not a factor in achieving recruitment goals, other factors such as maximizing the number of applicants, quality of applicants, and likelihood of acceptance play crucial roles in successful recruitment.
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on september 1, the board of directors of colorado outfitters, incorporated, declares and issues a stock dividend on its 29,000, $20 par, common shares. the market price of the common stock is $49 on this date.
Answers
The necessary journal entries assuming a small (10%) stock dividend will be Dr Stock Dividends - 142,100 (29,000 x .10 x 49), Cr Common stock-58,000 (29,000 x .10 x 20) and Additional paid in capital-84,100.
All shares used to divide ownership of a company or business constitute shares in the financial world. A share represents a share of shares in the company based on the total number of shares. This typically entitles the shareholder to a percentage of the company's revenue, proceeds from the sale of the company's assets, or voting rights, regularly distributing these items in proportion to the amount each shareholder receives Large contributions.
Not all shared classes are created equal; some may have advanced, unrestricted voting rights or specific preferences for profit or liquidation before or after other types of shareholders.
The above question is incomplete, the complete question is-
On September 1, the board of directors of Colorado Outfitters, Inc., declares a stock dividend on its 29,000, $20 par, common shares. The market price of the common stock is $49 on this date.
Required:
1. 2. & 3. Record the necessary journal entries assuming a small (10%) stock dividend,
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all work are dignified and equal. justify
Answers
Answer:
I hope that is helpful for you.
What economic theory would be most likely to make a person oppose taxing imports?
Answers
The economic theory most likely to make a person oppose taxing imports is "Laissez-faire"
"Laissez-faire" is an economic theory that opposes the government's involvement in economic affairs.
Imposing a tax on imports can have implications for local businesses.
Thus, this theory gained popularity in the USA in the 18th century opposing the government's intervention in economic affairs.
It's a French phrase that means "Let us do," because people believed that imports and exports should be managed by states and not the central government.
Scholars believed that economies go down when governments start imposing taxes on imports.
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Answer: capitalism
Explanation: took the test ;)
Previous
4
Next
Lifelong Learning: Mastery Test
4
Select the correct answer.
Why do many organizations encourage their employees to be lifelong learners?
O A employees will be more able to handle increasing responsibilities
OB. employees will be more likely to follow company policies
OC employees will be more likely to remain loyal to the company
OD. employees will be more likely to interact well with each other
Reset
Next
Answers
Answer: A. employees will be more able to handle increasing responsibilities.
Explanation:
Lifelong learning refers to the ongoing pursuit of knowledge for personal or professional reasons. When a person is a lifelong learner, such person has a growth mindset and pushes himself or herself to find new ideas to solve challenges.
Several organizations encourage their employees to be lifelong learners in order for such employees to be able to handle increasing responsibilities. Some organizations send their employees to study some courses which will help in their growth and development and also to be able to handle certain responsibilities.
One effective strategy for managing credit card debt it to
A. Replace low interest credit cards with higher interest credit cards
B.slightly exaggerate your yearly income when applying for a credit card
C. Pay more than minimum monthly payment to limit accumulating interest
D. Make sure you spend your entire credit limit before making any payments
Answers
Answer:
C hope tha helps
Explanation:
The effective strategy for managing credit card debt is to pay more than a minimum monthly payment to limit the accumulating interest.
What do you mean by credit card?A credit card refers to a financial instrument that is issued by the banks with pre-set credit limits.
Credit cards impose the condition that cardholders will pay back the money and interest over time.
One effective strategy to manage credit card debt is to pay more than the minimum monthly payment to limit accumulating interest.
Therefore, C is the correct option.
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The cost of interest of a $500 loan for 12 months is $21.88. What is the interest rate charged for the loan per year?
Answers
Answer:
4.19%
Explanation:
((500/(500+21.88)-1)*100
In which situation would a savings account be the be investment to earn interest