gibson company sells one product at a price of $30 per unit. variable expenses are 60 percent of sales, and fixed expenses are $30,000. the revenues required to achieve a target profit of $3,000 are: $7,500 $82,500 $55,000 $75,000
Answers
Option (c), The revenues required to achieve a target profit of $3,000 are $55,000.
Given data:
Selling price per unit = $30
Variable expenses = 60% of sales
Fixed expenses = $30,000
Target profit = $3,000
Let x be the number of units that need to be sold to achieve the target profit.
In order to achieve the target profit, the total revenue earned must be equal to the sum of total variable expenses, total fixed expenses, and the target profit.
Using the formula:(selling price per unit × number of units) - (variable expenses per unit × number of units) - fixed expenses = target profit
($30 × x) - (60% × $30 × x) - $30,000 = $3,000
$30x - 0.6($30x) - $30,000 = $3,000
$30x - $18x - $30,000 = $3,000
$12x = $33,000
x = $33,000 ÷ $12
= 2,750 units
Hence, the revenues required to achieve a target profit of $3,000 are:
Sales revenue = (selling price per unit × number of units)
= ($30 × 2,750)
= $82,500
Total variable expenses = (variable expenses per unit × number of units)
= (60% × $30 × 2,750)
= $49,500
Total fixed expenses = $30,000
Target profit = $3,000
Therefore, the total revenue required to achieve a target profit of $3,000
= ($49,500 + $30,000 + $3,000)
= $82,500 + $3,000
= $55,000.
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Related Questions
If a person has $1,000 in a savings account and earns $20 a year in interest on that account, the rate of return on the money is close to
Answers
Answer:
2%
Explanation:
why are differentiation and cost advantage strategies referred to as generic business strategies?
Answers
In 1980, Michael Porter created three general approaches that a business could use to gain an advantage over its rivals. Focus, cost leadership, and differentiation are these three.
In a differentiation strategy, a company aims to stand out from the competition along some attributes that customers find important. It chooses one or more characteristics that are significant to many customers in a particular industry and positions itself in a special way to satisfy those needs.There are three or four generic strategies: focused, differentiated, or lower cost. A business can choose to pursue one of two types of competitive advantage: either by outbidding its rivals on price, or by differentiating itself along customer-valued dimensions to demand a higher price.Read related link on:
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Sven, a research analyst for ikea, wants to segment the home furnishings market in europe based on differences in core benefits customers seek, usage situations, brand loyalty, usage rates, and price sensitivity. Which segmentation approach would sven use?.
Answers
The segmentation approach used by Sven is needs-based segmentation strategy.
The best marketing of some product or services begins with a focus on segmentation. Different groups of customers have different needs and therefore the company or sales need to be targeted with a specific marketing plan. So that, segmentation is a vital component of any successful marketing strategy.
Segmentation can be approached in three main ways, there are firmographic, behavioral, and needs-based segmentation strategy.
Firmographic segmentation can be defined as a grouping customers by aspects such as age, gender, company size, industry vertical, income and location.
Behavioral segmentation can be defined as a strategy that takes things up a notch, identifying how customers act and grouping them this way.
Thirdly, a needs-based approach can be defined as the best and most effective way of segmenting customers that identify specific customer needs, allowing products and services, and also marketing communications.
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What is it called when businesses are doing poorly and stock prices drop?
Answers
Answer:
When a stock price falls, that means the company must sell additional shares of stock to raise the same amount of proceeds
Explanation:
critically discuss how career and study choices are influenced by the following socio-economic factor: availability of finances/affordability
Answers
Answer:
availability of financial/affordability
Explanation:
it's enables you to make more money for the growth of the community so we study it that way
Stanley Inc. must purchase $6,000,000 worth of service equipment and is weighing the merits of leasing the equipment or purchasing. The company has a zero tax rate due to tax loss carry-forwards, and is considering a 5-year, bank loan to finance the equipment. The loan has an interest rate of 10% and would be amortized over 5 years, with 5 end-of-year payments. Stanley can also lease the equipment for 5 end-of-year payments of $1,790,000 each. How much larger or smaller is the bank loan payment than the lease payment? Note: Subtract the loan payment from the lease payment.
a. $177,169
b. $196,854
c. $207,215
d. $217,576
e. $228,455
Answers
The amount larger or smaller is the bank loan payment than the lease payment is: c. $207,215.
Bank loan paymentIn order tom determine the bank loan payment we would be using financial calculator find the PMT by inputting the below data
N= Number of years = 5
1/Y= Interest rate= 10%
PV=Present value= -$6,000,000
FV=Face value = 0
PMT=Payment=?
Hence:
PMT=$1,582,784.88
Now let determine the bank loan payment
Bank loan payment=$1,790,000 -$1,582,784.88
Bank loan payment=$207,215
Inconclusion the amount larger or smaller is the bank loan payment than the lease payment is: c. $207,215.
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Which of the following is not an example of professional behavior
?
Answers
Consider an individual with income w who is at risk of losing an amount of money D with probability .This individual has access to an insurance market an unit of insurance costs q and pays 1 in the event of a loss Define o as the amount of insurance that the individual buvs. The individual's roblem is to choose a. Define as the consumption in the state where there s no loss and x2 as the consumption in the state where there is a loss. Assume hat this individual has preferences under uncertaintv that can be represented n the expected utility form,such thatU=1-ux+xIn nddition,assume that the individual is strictly risk-averse,such that u<0. Write the problem of the optimal choice of insurance in a similar form to the raditional deterministic consumer problem.In other words: a What is the relative price of consumption in the two states-that is,what is the rate at which the individual can transfer consumption from one state to another? What is the marginal rate of substitution among the two goods at a given point(i,? b) Characterize graphically the solution to the individual's problem in these terms(that is,in theplane in a traditional preference and budget constraint diagram.
Answers
The question discusses the optimal choice of insurance and consumption under uncertainty, focusing on the relative price of consumption and the graphical representation of the solution.
What are the key factors to consider when evaluating a company's financial performance?The given question discusses an individual's decision-making problem related to insurance and consumption under uncertainty.
The individual faces the risk of losing an amount of money with a certain probability and has access to an insurance market.
The individual's goal is to determine the optimal amount of insurance to purchase and the allocation of consumption between states with and without loss.
The question asks for the relative price of consumption in the two states, which refers to the trade-off or exchange rate between consumption in the state with no loss and consumption in the state with a loss.
It also asks for the marginal rate of substitution, which measures the rate at which the individual is willing to trade off consumption in one state for consumption in the other state.
Additionally, the question requests a graphical representation of the solution to the individual's problem.
This can be done by plotting the individual's preference and budget constraint in a diagram to illustrate the optimal allocation of consumption and the feasible choices given the available resources.
However, without specific values, equations, or further instructions, it is not possible to provide a more detailed explanation or answer to the question.
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Burnem, Inc. manufactures blank CDs and sells them to a
distributor in packs of 500 CDs. Burnem's total cost and total
revenue (in dollars) for x packs of 500 CDs are given by the
following equations.
Answers
Burnem, Inc. manufactures blank CDs and sells them to a distributor in packs of 500 CDs. Burnem need to sell 441 packs to break even.
Let x be the number of packs Burnem need to sell to break even then
Total cost = Total revenue
5 x + 4851 = 16 x
=> 11 x = 4851
x = 441 packs
So Burnem need to sell 441 packs to break even.
The term "total cost" is used to describe the total cost of production, which includes both fixed and variable costs. The cost of producing a product is referred to as the total cost in economics. There are two components that make up the total cost: Cost per unit: The cost remains constant. In economics, total cost includes each factor of production's fixed or variable opportunity cost, or benefits received from the next best alternative. Marginal cost is the additional total cost of producing one more unit.
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Complete question as follows :
Burnem, Inc. manufactures blank CDs and sells them to a distributor in packs of 500 CDs. Burnem's total cost and total revenue (in dollars) for x packs of 500 CDs is shown below. Total cost = 5 x + 4851 and Total revenue = 16 x
How many packs of 500 CDs must Burnem sell to break even? x = packs
Reflective journal on impacts of unionization, why you choose
this topic and how it impacts on you?
Answers
I will provide you with a general explanation of a reflective journal on impacts of unionization.
What is unionization?Unionization is the act of forming or joining a labor union to advocate for better working conditions, wages, and benefits.
How unionization impacts workers and organizations:
Unionization benefits workers by giving them a collective voice in negotiations with employers. Employees who belong to a union generally receive better wages, benefits, and working conditions. Unionized workers also have more job security and are better protected from discrimination, harassment, and unfair treatment in the workplace. However, unionization can lead to higher labor costs for employers and create tension between unionized and non-unionized employees. Organizations must also negotiate with union representatives on issues such as wages, hours, and working conditions, which can be time-consuming and costly.How to write a reflective journal on impacts of unionization:
Begin by writing about why you chose this topic, and what you hope to learn from reflecting on it. As you continue to write, consider the following questions:-
How has unionization impacted workers and organizations?
- Have you ever belonged to a union or worked for an organization that was unionized?
How did this impact you?
- What are the benefits and drawbacks of unionization, from both the employee and employer perspective?
- What can be done to address the challenges and opportunities of unionization in today’s workforce?
- What role do you see unions playing in the future of work?
As you reflect on these questions, consider your personal experiences and opinions, and how they shape your understanding of the impacts of unionization.
Remember that the goal of a reflective journal is not to arrive at a single “correct” answer, but rather to engage in a thoughtful, honest, and open-ended exploration of a topic.
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what are two disadvantages of employing teleworkers in an organization? (choose two.)
Answers
The two disadvantages of employing teleworkers in an organization are Lack of Team Cohesion and Communication Challenges
One significant disadvantage of employing teleworkers is the potential for communication challenges. Communication is the lifeblood of any organization, and when team members are physically separated, it can lead to a breakdown in effective communication.
Another disadvantage of employing teleworkers is the potential lack of team cohesion. When employees work remotely, they may experience reduced opportunities for building relationships, fostering a sense of belonging, and developing a shared organizational culture.
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a fiscal policy action to close an expansionary gap is to select one: a. increase government purchases. b. increase transfer payments. c. increase taxes. d. increase the marginal propensity to consume.
Answers
The answer is option (A), as a government spending increase is a type of expansionary fiscal policy that will boost output and close the output gap caused by the recession.
What is fiscal policy?The use of taxation or spending by the administration to influence the economy is described as fiscal policy. Fiscal policy is frequently employed by governments to promote robust, long-term development and also to lower poverty.
What is the main role of fiscal policy?They have the ability to lessen the negative social and economic effects of the recession. The main stabilization tools are monetary policy and the budget's automatic stabilizers, but fiscal discretion can assist monetary policy.
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Megan is already looking ahead to graduation and a job, and she wants to buy a new car not long after her graduation. If after graduation she begins an investment program of $2,300 per year in an investment yielding 6 percent, what will be the value of the fund after three years? (Hint: Use Appendix A.3 (Links to an external site.) or the Garman/Forgue companion website.) Round Future value of Series of Equal Amounts in intermediate calculations to four decimal places. NO cents! DOLLARS ONLY
Answers
Answer:
$ 7,322
Explanation:
$2300 per year is an annuity investment. The formula for future annuity value is as below
FV = A × (1 + r)^n - 1 / r
Where A = amount invested periodically
r = interest rate, 6% or 0.06
n = 3 years
Fv = $2300 x{ (1 +0.6)^3 -1} /0.06
Fv = $2300 x (1.191016-1) /0.06
Fv = $2300 x ( 0.191016/0.06)
Fv = $2300 x 3.1836
Fv= $ 7,322.28
Fv= $ 7,322
Write about discussion whether young people should be allowed
to have credit card, use main facts supportive sentences and add
Introduction and conclusion.
i wish u happy day
Answers
Allowing young people to have credit cards can foster financial education, provide a safety net in emergencies, and build a positive credit history. Proper guidance and monitoring are essential for responsible usage.
Introduction:
The question of whether young people should be allowed to have credit cards has sparked a debate. Proponents argue that it can foster financial responsibility and independence, while critics express concerns about potential risks. In this discussion, we will examine the main facts supporting the allowance of credit cards for young individuals.
Supportive Arguments:
1. Financial Education: Allowing young people to have credit cards can serve as a valuable tool for financial education. It provides an opportunity for them to learn about money management, budgeting, and the consequences of overspending. By actively managing their credit card usage, young individuals can develop essential skills that will benefit them throughout their lives.
2. Emergency Situations: Credit cards can act as a safety net in emergencies. Young people may encounter unforeseen circumstances that require immediate access to funds, such as medical expenses or urgent car repairs. Having a credit card enables them to handle such situations independently, without relying on others for financial assistance.
3. Building Credit History: Establishing a credit history early on can be advantageous for young individuals. Responsible credit card usage allows them to build a positive credit history, which can help when applying for loans, renting an apartment, or securing future financial opportunities. By demonstrating responsible financial behavior at a young age, they set themselves up for better financial prospects in the long run.
Conclusion:
While concerns exist regarding young people having credit cards, the supportive arguments highlight the potential benefits. Credit cards can be valuable tools for financial education, provide a safety net in emergencies, and assist in building a positive credit history. However, it is crucial to emphasize the importance of proper guidance and monitoring to mitigate potential risks and ensure responsible credit card usage. With the right approach, allowing young individuals to have credit cards can contribute positively to their financial development.
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any two importance of office resources
Answers
Two importance of office resources are greater output and promote productivity .
What are office resources ?All of the resources and amenities found in an office, including people, tools and supplies, furniture and equipment, cash, modes of transportation, and communication, are referred to as office resources. These resources are used to help the organization achieve its goals.
Two improtance of office resources are:Greater output is made possible because every business strives to produce as much as possible while using the fewest resources possible. Better resource utilization management can be used to accomplish such a feat.It helps to promote productivity: Office supplies aid in boosting office employees' productivity. Equipment such as furniture, machinery, and other items make work more comfortable and convenient, which improves worker productivity.Learn more about office resources here https://brainly.com/question/20436648
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How can being involved in extracurricular activities help you stand out on your college application?
Answers
Answer:
Extracurriculars such as clubs, community service organizations, and sports help you stand out on college apps because it shows you can handle more than just school. it also shows involvement in your school or community and dedication. not everyone is in an extracurricular so being in one makes you different from others.
Explanation:
The task environment of the local bowling alley consists of just two groups, customers and stockholders, who give the managers the daily tasks that the bowling alley's employees will handle. True or False True False
Answers
The task environment of the local bowling alley consists of two groups: customers and stockholders. is "True" becuase The task environment of an organization is composed of all the external forces that affect its operations.
In the case of the local bowling alley, these external forces are the customers and stockholders.
The customers provide the bowling alley with their demands, while the stockholders provide the funds necessary to sustain the business operations. Together, these two groups provide the managers with the daily tasks that the bowling alley's employees will handle.
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What is the difference between a routine and a major decision
Answers
Answer: routine decision- the type made every day without much though
planned decision- use more time and energy to make the best choice
Explanation: i really hoped it helped.
What factor reflects the 'cost of money'?
The 'cost of money' is reflected in the
O interest rates
inflation rates
O variable rates
O fixed rates
Answers
Answer:
Production opportunities, time preferences for consumption, risk, inflation. Explanation: The cost of money is the interest rate that lenders charge borrowers, and is determined by the supply and demand of funds.
expenditures on the good, what can we infer? Elasticity of demand is between 0 and 1. Elasticity of demand equals 1. Elasticity of demand is between 1 and infinity. Elasticity of demand is infinity. None of the above.
Answers
Elasticity of demand is between 0 and 1.
What can we infer from expenditures on the good?When the elasticity of demand is between 0 and 1, it indicates an inelastic demand for the good. In this case, changes in the price of the good will result in proportionately smaller changes in the quantity demanded.
If expenditures on the good increase, it suggests that the price of the good has decreased, leading to an increase in quantity demanded.
Since the demand is inelastic, the increase in quantity demanded will be relatively smaller compared to the decrease in price, resulting in an overall increase in expenditures on the good.
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Many employers in the U.S. pay significant amounts towards their employees’ health insurance premiums. If the benefit cost per full-time employee rises (e.g. when the insurer raises premiums) and the employer does not want the total cost of the employees’ compensation (wage + benefits) to rise, all of the following would represent valid options for the employer to consider, except
a) Replacing some full-time employees with part-time workers.
b) Laying off some of the full-time employees and instituting mandatory overtime for the remaining full-time employees (assuming overtime is paid at the same wage rate as regular work hours).
c) Prohibiting fulltime employees to work overtime and hire temporary part-time workers to work those extra hours instead (assuming overtime is paid at the same wage rate as regular work hours).
d) Increasing full-time employee’s contribution towards premiums; not changing wages.
e) Not changing full-time employee’s contribution towards premiums; decreasing wages.
Answers
Not changing full-time employee’s contribution towards premiums; decreasing wages is not an valid options.
An employer in the United States may choose any of the following alternatives when the benefit cost per full-time employee rises, except for one of them. Hence, the question asks about valid options for an employer to consider when the benefit cost per full-time employee rises and the employer does not want the total cost of the employees' compensation (wage + benefits) to rise.
A is a valid option for the employer to consider. B, C, and D are all valid options for the employer to consider when the benefit cost per full-time employee rises. Option E is the answer that does not represent a valid alternative for the employer to consider when the benefit cost per full-time employee increases. The employer cannot choose to leave the employee's contribution towards premiums unchanged while decreasing wages.
A valid option for the employer to consider when the benefit cost per full-time employee rises is to increase full-time employee's contribution towards premiums without altering wages. This choice allows the employer to avoid increasing the total cost of the employee's pay (wage + benefits). In conclusion, E is the answer to this question.
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When describing the IMF broad country classification, the most accurate statement is that
A) the category with the greatest number of countries is the advanced economies.
B) the emerging market economies are countries that were, until the early 1990s, part of the Soviet Union or its satellites.
C) most of the nations in Western Europe are considered emerging market economies.
D) most of the world's population lives in advanced economies.
E) about 50 percent of the world's population live in the advanced economies and the other 50 percent live in the emerging market and developing economies.
Answers
The most accurate statement regarding the IMF broad country classification is that about 50 percent of the world's population live in the advanced economies and the other 50 percent live in the emerging market and developing economies. Thus, option E is correct.
The IMF divides its member countries into two broad categories: advanced economies and emerging market and developing economies (EMDEs).
The advanced economies are countries with developed financial markets and high per capita income, while the EMDEs are those with developing financial markets and lower per capita income.
Option A is incorrect because although advanced economies are an important category, they do not have the greatest number of countries.
Option B is incorrect because the emerging market economies include countries beyond those that were formerly part of the Soviet Union or its satellites.
Option C is incorrect because most nations in Western Europe are considered advanced economies.
Option D is incorrect because most of the world's population actually lives in emerging markets and developing economies.
Therefore, option E is the correct answer that is about 50 percent of the world's population live in the advanced economies, and the other 50 percent live in the emerging market and developing economies.
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50 pts! I really need help on this. Ignore the distribution part. Dont waste my points ;-; Will give Brainliest
Market Analysis: Research three countries you would like to distribute your game to and summarize the games, their prices, and how they are distributed in those markets (your competition). If you find that you might have chosen a market that is already too competitive, this is the time to identify another country and change your plan.
Countries I chose:
Japan
United States
Great Britain (UK)
Answers
Answer:
Japan 183-192billon dollars per year
USA 18.4 billion dollars
UK 5.05billion dollars
How is a credit union different from a bank?
O Acredit union offers services to companies instead of individuals.
A credit union only offers credit, it does not store money.
Acredit union is usually larger than a bank.
O A credit union is owned by its customers.
Answers
Answer:
a credit union is owned by its costumers (D)
Explanation:
i took the assignment!!
at montazar's organization, there is a specific start time, and all employees must be at work on time and ready to be at their workstation. this allows for a smooth transition between shifts. which type of plan narrowly focuses on specific activities such as start times
Answers
The type of plan at montazar's organization that narrowly focuses on specific activities such as start times is an operational plan.
Operational plans are designed to guide the day-to-day activities of an organization and are focused on specific tasks or processes. These plans often include specific details such as timelines, resource allocation, and performance metrics to ensure that tasks are completed efficiently and effectively. In the case of Montazar's organization, the start time requirement is a specific activity that is essential for the smooth operation of the organization, and it is likely included as part of an operational plan.
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1
Select the correct answer.
Which risk is a sponsor assuming when buying the naming rights to a stadium or arena?
OA.
Nobody will notice.
OB. The team may not perform well:
OC. The fans of the team may not like the idea.
OD.
People will dismiss the action as pretentious.
Reset
Next
Answers
Answer:
The team may not perform well:
Explanation:
The biggest risk with naming rights is negative news concerning the team. The sponsor's brand name will be associated with the team; any negative team news will impact the brand name.
If a team performs poorly, some customers may associate the team's dismal performance with the brand name. Customers may shy away from the sponsor's products as they distance themselves from dismal performances.
Answer:B
Explanation:i just took the test...
Explain the statement below using at least 5 complete sentences. Punctuation, spelling, and grammar will be considered in the scoring of your response. "Just because you're good at something doesn't make it a strength!!"
Answers
Explanation:
The statement highlights the fact an activity we may consider ourselves good at may not necessarily strengthen us mentally.
Hence, it emphasizes the need for self-evaluation of the needs we are good at to see whether actually makes us happy.
For example, someone who is good at telling nice stories and yet discovers when they are involved in that activity they aren't happy.
This scenario rightly dipicts why one's strength is not determined by what they are good.
Therefore, we can say indeed, "Just because you're good at something doesn't make it a strength!!".
Thinking and note-taking Discuss the effects of advertising on your day-to-day life with a partner.
Organize your ideas in the diagram. Use your notes from your brainstorming on topic vocabulary
about advertising in activities 1 and 2.
Opinions
Reasons
Education
Facts / Examples
Answers
The discussion of the effects of advertising on your day-to-day life with a partner is done below:
Opinions: Advertisers try to make people seem miserable if they do not make use of their product.
Reasons: This is seen in the types of ads that are used as bandwagon fallacy is one of the most popular which tells you that since a large number of people are using the product, why should you be left out?
Education: There are different ways of disseminating these adverts and they can be done through TV, billboards, social media, etc
Facts / Examples: A company selling toothpaste can make an advert with the caption, "If 20 million people trust our product, you should too" and then someone with pure white teeth flashes a smile.
What is Advertising?This refers to the creation of awareness for a particular product so that people would come and purchase the product.
Hence, we can see that the discussion of the effects of advertising on your day-to-day life with a partner is done above.
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The concept time value of money indicates?
Answers
The concept of the time value of money indicates that the value of money changes over time due to factors such as interest, inflation, and opportunity cost.
In simple terms, it recognizes that receiving or paying a certain amount of money at different points in time has different worth or significance. This is because money has the potential to earn returns or interest when invested, and inflation erodes the purchasing power of money over time.
The time value of money is a fundamental principle in finance and investment decisions. It is used to evaluate the profitability and attractiveness of investment opportunities, determine the fair value of assets and liabilities, and assess the cost of capital. Time value of money concepts, such as present value, future value, and discounting, enable individuals and businesses to make informed decisions regarding cash flows occurring at different points in time.
By considering the time value of money, individuals and organizations can account for the potential earning power of money over time and make more informed financial decisions.
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what is the independent and dependent variable?
please help
Answers
Answer:
The result should be the dependent variable. Its the result or what you can control.
Explanation: