M and M, Inc. produces a product that has a variable cost of $4.20 per unit. The company's fixed costs are $45,600. The product is sold for $8 per unit and the company desires to earn a target profit of $11,400. What is the amount of sales that will be necessary to earn the desired profit

Answers

Answer 1

The amount of sales that will be necessary to earn the desired profit is $120,000.

What is desired profit?

Desired profit refers to the amount of the profit expected by the company which is estimated by them as per the sales of the company.  The sales are also estimated and the company makes the budget of it.

To calculate the desired sale we need to calculate the contribution which is calculated as follows:-

Contribution margin per unit = (Selling price per unit - Variable costs per unit)

Contribution margin per unit = ($8 per unit - $4.20 per unit) = 3.80 per unit

Break-even point in units = (Fixed costs + Desired profit) ÷ Contribution margin per unit

Break-even point in units = ($45,600 + $11,400) ÷ 3.80 per unit = 15,000 units

Break-even point in dollars = Break-even point in units × Selling price per unit

Break-even point in dollars = 15,000 units × $8 = $120,000

Thus the desired sales is $120,000.

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Related Questions

Define the term teamwork

Answers

Answer:

helping and communicating

Explanation:

word done by several associates with each doing a part but all subordinating personal prominence to the effeciency of the whole

hope it helps

source: merriam webster

Answer:

the combined action of groups ,especially when effective and efficient

define permanent office in one sentence​

Answers

Answer:

A permanent office is also known as the long term office. It is established for the production and distribution of goods and services over a long period of time.

Explanation:

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You borrowed $1, 690 for 5.5 years compounded semi annually at an interest rate of 5.7%. What total do you pay back

Answers

Answer:

602.45 is the correct answer

Seaside vistas leases an apartment to tori. during a severe storm, the premises are destroyed by flood. under most state laws, liable for the rent for the rest of the lease term is group of answer choices seaside and tori in proportionate amounts. no one. tori only. seaside only.

Answers

Seaside vistas leases an apartment to tori during a severe storm, the premises are destroyed by flood. under most state laws, liable for the rent for the rest of the lease term is no one.

What is a lease?

It should be noted that a lease simply means a contract where a party conveys land, property, etc for a period of time.

In this case, Seaside vistas leases an apartment to tori during a severe storm, the premises are destroyed by flood. under most state laws, liable for the rent for the rest of the lease term is no one.

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Question 18 of 20
Increasing her income is one way that Sasha can:
O A. reduce her monthly spending.
O B. lower her monthly expenses.
C. manage additional expenses in her budget.
D. manage additional financial loss.

Answers

Sasha can manage additional expenses in her budget by increasing her income. Hence, Option C is the correct statement.

What do you mean by income?

Income is described in exceptional methods relying on the context for example, for functions of taxation, financial accounting, or monetary analysis. For people and businesses, earnings usually manner the value or quantity that they obtain for their labor and products.

Hence, Sasha can manage additional expenses in her budget by increasing her income. Option C is the correct statement.

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Answer:

manage additional expenses in her budget

Explanation:

just took test

Pine Creek Company completed 200,000 units during the year at a cost of $3,000,000. The beginning finished goods inventory was 25,000 units at $310,000. Determine the cost of goods sold for 210,000 units, assuming a FIFO cost flow. $fill in the blank 1

Answers

The cost of goods sold for 210,000 units using a FIFO cost flow for Pine Creek Company during the year is $3,085,000.

What is FIFO?

FIFO means First-in, First-out.

The FIFO cost flow method is an accounting technique to determine the cost of goods sold and ending inventory based on the assumption that goods produced first are the first to be sold.

The FIFO method is the opposite of the Last-in, First-out (LIFO) method.

Data and Calculations:

Number of units produced = 200,000 units

Cost of production = $3 million

Unit cost of production = $15 ($3,000,000/200,000)

Beginning finished goods inventory = 25,000 units

Cost of Beginning inventory = $310,000

Cost of goods sold = $3,085,000 ($310,000 + $15 x 185,000)

Thus, the cost of goods sold for 210,000 units using a FIFO cost flow for Pine Creek Company during the year is $3,085,000.

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A limit order is an order away from the market price that is held in a ________ until it can be executed at the desired price. Group of answer choices continuous order book limit order book dealer book none of the options

Answers

A limit order is an order away from the market price that is held in a limit order book until it can be executed at the desired price.

What is limit order?

A limit order refers to the purchase of securities at a well negotiated price, other than the price stated. The limit order places an already known amount before purchasing or selling security.

Hence, a limit order is an order away from the market price that is held in a limit order book until it can be executed at the desired price.

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Sawyer Components manufactures high-cost, customized roller parts for paper mills and is expanding into China because of the opportunity for significant growth in this developing country. The owner uses effective global strategies and is aware of threats from foreign competitors. This illustrates that the owner has a global

Answers

The fact that Sawyer Components have seen opportunities in China and want to expand there reflects global vision.

What is global vision?

This refers to the ability of a company to see beyond factors affecting it from its native country.

It involves seeing opportunities, threats, and weaknesses in the global market, and then acting to take advantage of them like Sawyer Components wants to.

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A couple advises a banker that their total income includes both salary and disability payments. How should disability payments, which are non-taxable, be analyzed in order to fairly calculate the customer’s ability to pay?.

Answers

The way that disability payments be analyzed in order to calculate the customer’s ability to pay are:

The use of SSA Notice of Award or any equivalent document “does not have a defined expiration dateThe use of income from this source that qualifies income.

How do you calculate disabilities?

In the calculation of how much a person can receive as your disability benefit, there is the use of SSA via the use of the average amount a person have earned per month over the timeframe of their adult years, and one adjusted for inflation.

One can do so by entering your typical annual income. and this income will be adjusted to know the wage growth over a person's career.

Note that The way that disability payments be analyzed in order to calculate the customer’s ability to pay are:

The use of SSA Notice of Award or any equivalent document “does not have a defined expiration dateThe use of income from this source that qualifies income.

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In preparing a company's statement of cash flows using the indirect method, the following information is available: Net income $ 58,000 Accounts payable increased by 18,600 Accounts receivable decreased by 25,600 Inventories increased by 6,200 Depreciation expense 31,800 Net cash provided by operating activities was:

Answers

Based on the information available, the net cash from operating activities is $127,800.

How much cash did the company make from operations?

This can be found as:

= Net income + Increase in Accounts payable + Decrease in account receivable - Increase in inventory +Depreciation

Solving gives:

= 58,000 + 18,600 + 25,600 - 6,200 + 31,800

= $127,800

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How should a company adopt a data-driven culture that will stick?.

Answers

All data operations should be centralised inside a single, specialised data team. Offload data analytics to a vendor with a lot of experience. To transform the way the organization thinks about data, use change management.

A manufacturing company has a pay structure based on job descriptions. As the company moves toward customizing production to meet customers' specific needs, it finds that managers are lacking flexibility in both job assignments as well as awarding pay increases to their employees. It has decided to reduce the number of levels in their job structure in order to increase their flexibility. This is called

Answers

Reducing levels in job structure in order to increase their flexibility is job enrichment.

What is Job enrichment?

Job enrichment involves creating challenges to make work more interesting, and increasing the skills required to carry out jobs that will ultimately lead to higher pay.

However, Job enlargement is raising the scope of work at a particular Job level.

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Drag each tile to the correct box
determine the type of risk each investment is likely to incur
business risk
call risk
liquidity risk
taxability risk
lee purchased municipal bonds
issued by a government entity.
valerie bought bonds that include
a feature to pay the bonds back
earlier than the maturity date.
brian used most of his savings to
purchase the stock of a big
company
aj invested all of his savings in
a rental home.

Answers

The kind of risk that the given investments might incur are:

Lee purchased municipal bonds issued by a government entity - Liquidity risk. Valerie bought bonds that include a feature to pay the bonds back earlier than the maturity date - Call risk. Brian used most of his savings to purchase the stock of a big company - Business risk. Aj invested all of his savings in a rental home - Taxability risk.

Which risks do these investments face?

Municipal bonds are usually illiquid which means that buying them comes with liquidity risk. Buying stock comes with business risk because the stock might lose value if the company performs poorly.

Call risk occurs when the issuer of a bond can pay back the bond before it matures.

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Answer:

C. B. A. D.

expiation:

in that order

Labor costs charged to manufacturing overhead represent ______ labor costs.

Answers

The indirect labour cost is shown when labour expenditures are applied to the manufacturing overhead account.

What are the types of overheads?

Overhead expenses include things like accounting fees, advertising, insurance, interest, legal charges, labor costs, rent, maintenance, supplies, taxes, phone bills, travel expenses, and utilities.

Business overheads may be divided into two categories:

administrative and manufacturing.

Thus in the above statement, when labour costs are added to the manufacturing cost it gives rise to indirect cost

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The control function of management (select all that apply): Multiple select question. gives workers the education and tools they need to make decisions measures performance relative to the planned objectives and standards takes corrective action when necessary rewards people for work well done

Answers

The control function of management are:

Takes corrective action when necessary.Measures performance relative to the planned objectives and standards.Reward people for work well done.

What is control function?

The control function of management helps those in authority check and ensure that any error observed are quickly corrected and also assist to prevent reoccurrence.

Hence, the control function of management are takes corrective action when necessary and measures performance relative to the planned objectives and standards.

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Marianne was a computer programmer making almost $170,000 a year at a rate of $80 an hour for Big Tech. Ginger, her boss, demanded that she work 100 hours of overtime over the next month until a large project was complete. Marianne believes she is entitled to 100 hours of overtime pay. Under the Fair Labor Standards Act, how much overtime pay is she entitled to

Answers

Under the Fair Labor Standards Act, Marianne is entitled to $12,000 for overtime pay.

What is the overtime rate under the Fair Labor Standards Act?

Under the Fair Labor Standards Act, the overtime rate is a time and a half.

Data and Calculations:

Annual salary = $170,000

Rate per hour = $80
Overtime rate per hour = $120 ($80 x 1.5)

Overtime hours = 100 hours

Overtime pay = $12,000 (100 x $80 x 1.5)

Thus, under the Fair Labor Standards Act, Marianne is entitled to $12,000 for overtime pay.

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3. A project manager is trying to complete a software development project, but cannot get enough attention for the project. Resources are focused on completing process-related work, and the project manager has little authority to assign resources. What form of organization must the project manager be working in

Answers

The form of organization must the project manager be working in Functional.

What is the meaning of organization?

Organization refers to the group of the people working together in order to achieve organizational goal. The aim of every organization is maximization of the profits.

In the above case, the project manager is trying to complete a software development project but is unable to get the attention on the project. all the resources are under completion of the different works.

This implies that form of organization must the project manager be working in Functional because he has little powers to make the use of the resources.

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When Julio and Max to become the number one window-cleaning company in their city, they were engaging in the management function of

Answers

Julio and Max are engaging in the management function of leading because they will set as examples for the other cleaning company.

What is a management function?

This function refers to the discipline that are important for carrying out a successful business practice

The five general functions includes planning, organizing, staffing, leading and controlling.

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The audit Mr. Chu is working on for a technology company is regulated. What does this mean?
OA. The technology company will use the audit results to analyze risks.
OB. If Mr. Chu finds evidence of fraud, he is not allowed to report it.
OC. Nobody has access to the audit findings except for a few people who work for the company.
OD. An outside organization keeps track of the methods and results of the audit.

Answers

It means that the technology company will use the audit results to analyze risks. Thus option A is correct.

What is Audit ?

Audit refers to the checking of financial records of the company in order to ensure that the records are systematic and accurate. It is very helpful for the outsiders such as creditors, shareholders, government agencies etc as it provides the accurate information about transactions.

Mr. Chu will analyse the financial statements of the technology company an conclude about the risk involved in the company. Thus it helps in analyzing the risk. Therefore, option A is correct.

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An employee at a chemical company noticed that several of the security personnel at the company allowed tankers to be filled over the legal limit with highly flammable gases. The employee gathered evidence of such instances and presented it to senior management. A few months later, the company had not acted, and the employee contacted the Occupational Safety and Health Administration. Less than a week later, the company fired him. Assuming that the employee had not had disciplinary issues and wanted to file a claim alleging he was wrongfully discharged, what would be the strongest basis for his claim

Answers

The strongest basis for his claim is that he was disciplined for doing what the law requires.

What is a claim?

It should be noted that a claim simply means the stance of an individual or perspective regarding an issue.

In this case, strongest basis for his claim is that he was disciplined for doing what the law requires. Therefore, he should not be wrongfully discharged.

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Through ____ managers get to know employees and their work ethics, and they can determine
which employees will help the business achieve its goals and meet its objectives.

answer choices:
-planning
-leading
-organizing
-controlling

Answers

Through leading managers get to know employees and their work ethics, and they can determine which employees will help the business achieve its goals and meet its objectives

Who are managers?

Managers are set over companies and organization to help manage the affairs.

The relate with other employees to manage the firm or organization.

Therefore, Through leading managers get to know employees and their work ethics, and they can determine which employees will help the business achieve its goals and meet its objectives

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Your friend is developing a marketing plan for her new business. What should she put in this plan?

Answers

My friend's marketing plan should be:

Where she wants to sell her product.Description of the people in her target market.

What is marketing plan?

These are plans a business devise to sell or advertise its products. The purpose of the plan is to help identify the target market and how best to reach them.

Hence,  she should put in these her plan; where she wants to sell her product and a description of the people in her target market.

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Suppose that both of the events you have just analyzed are partly responsible for the increase in the price of hamburgers. Based on your analysis of the explanations offered by the two groups of students, how would you figure out which of the possible causes was the dominant cause of the increase in the price of hamburgers?.

Answers

It is likely that the increase in the price of hamburgers is related to the fact that demand is greater than supply.

What is the law of supply and demand?

It is an economic approach to understanding the economic factors that influence the quantity of a product supplied in a market and its price.

Therefore, when there is more demand than supply for a good available in the economy, it means a situation of scarcity, which makes prices rise.

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The management of a company wants to begin electronically monitoring the computer work of the employees who process claims filed by customers. The company's HR executive expects that employees will resist the monitoring because they will feel robbed of their human dignity. How could the HR department best address this concern

Answers

In this HR department can  best address this concern by application of  data to employee development programs to support the to employees  advance in their careers.

What is employee development program?

An employee development program can be described as kind of a training program that  is been given to employee by their employer to help them to improve their skills and abilities.

Therefore, since management of a company wants to begin electronically monitoring the computer work of the employees . then the program can be applied.

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Watch the video "forms of marketing research." company a is thinking about bringing to market a new product in a category where it knows very little about the consumers or their needs and wants. describe which forms of marketing research would be appropriate and explain why. by contrast, company b has an established product and knows a lot about its customers. the company wants to measure customer satisfaction. describe which forms of marketing research would be appropriate and explain why. in replies to peers, provide additional ideas for the types of research that could be used.

Answers

The primary research is the most appropriate marketing research to be used because the firm knows little about the consumers or their needs and wants.

What is a marketing research?

This refers to a process through which a firm gathers information about its customer and larger market.

Form of marketing research that are appropriate?Primary researchSecondary researchQualitative researchQualitative research

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Accounting information is categorized as inputs, processing, or outputs. Select the appropriate category for each type of accounting information listed. 1. Sales Documents (Click to select) 2. Journal Entries (Click to select) 3. Payroll Records (Click to select) 4. Travel Records (Click to select) 5. Income Statement (Click to select) 6. Posting to Accounts (Click to select) 7. Balance Sheet (Click to select) 8. Summarizing Accounts (Click to select) 9. Statement of Cash Flows

Answers

There are various accounting information which can be grouped under input, processing and outputs.

Correct grouping of accounting information

1.) Sales Documents: Processing

2. Journal Entries: inputs

3. Payroll Records: inputs

4. Travel Records: outputs

5. Income Statement: outputs

6. Posting to Accounts: outputs

7. Balance Sheet: processing

8. Summarizing Accounts: processing

9. Statement of Cash Flows: processing

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Identify whether each of the following costs should be classified as product costs or period costs. (a) select a type of cost Manufacturing overhead. (b) select a type of cost Selling expenses. (c) select a type of cost Administrative expenses. (d) select a type of cost Advertising expenses. (e) select a type of cost Direct labor. (f) select a type of cost Direct materials.

Answers

The following costs are classified as product costs (manufacturing overhead, direct labor, and direct material) and period costs (selling expenses, administrative expenses, and advertising expenses).

What are product costs?

Product costs refer to the costs directly incurred for production.  They include:

Manufacturing overheadDirect laborDirect material

What are period costs?

Period costs are indirect costs that cannot be traced to production. Some of the period costs include:

Selling expensesAdministrative expenseAdvertising expenses

Thus,  product costs include manufacturing overhead, direct labor, and direct material, while period costs include selling expenses, administrative expenses, and advertising expenses.

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Jane and Fran work together and make the same amount of money. Jane owns her house, on which she has a mortgage, while Fran rents. Neither is able to put away any savings after paying their bills and other monthly expenses. If they both have the same net worth (assets minus debts) now, make a similar housing payment, and neither is able to save money over the next five years, who is likely to have a higher net worth at that time

Answers

Based on the description that we have here the person that is more likely to have the higher net worth is Jane because part of the monthly mortgage payment she makes goes to pay off her loan, thereby increasing her equity.

What is a mortgage?

This is the term that has to do with a lender and a person. The mortgage gives the lender the right to take over your property if you do not pay back what you have borrowed.

Mortgages are what people use to buy homes. When they pay back, they do so with interest.

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The key to a good assessment of the alternatives: (Choose all that apply.) Multiple select question. ensures buy in at all levels of the organization. makes sure that managerial mind-set is the main consideration. defines the opportunity or threat exactly. specifies the criteria that should influence the selection of appropriate alternatives.

Answers

The key to a good assessment of the alternatives:

C. defines the opportunity or threat exactly.D. specifies the criteria that should influence the selection of appropriate alternatives.

What is an Assessment?

This refers to the analysis that is done to ensure the best possible thing is selected and that threat is identified and eliminated on time.

Hence, we can see that when making good assessments, it is important to define the threat or opportunity and then specify the criteria that should influence the selection of appropriate alternatives.

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How many days after missing a student loan payment do your loans go into default?.

Answers

Answer:270 day past due

Explanation:

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