Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 14, 2024

The attainable budget for a company is listed in the table below. What earnings are required to yield the Net Profit (before tax) of $250,000

The attainable budget for a company is listed in the table below. What earnings are required to yield the Net Profit (before tax) of $250,000 if the company decrease the variable cost to earnings ratio by 2%? Round all ratios to two decimal places.

A. $2,134,895

B. $625,756

C. $923,529

D. $1,796,438

	Attainable Budget
Earnings	700,000
Variable Cost	478,000
Fixed Cost	64,000
Net Profit(Before tax)	62,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Mastering Cloud Auditing A Comprehensive Guide To Learn Cloud Auditing

Authors: Cybellium Ltd, Kris Hermans

1st Edition

B0CHL8DYC7, 979-8861283809

More Books

Students also viewed these Accounting questions

Question

★★★★★

Investigate the family of functions f(x) = in (sin x + C). What features fo the members of this family have in common? How do they differ? For which values of C is f continuous on ( , )? For which...

Answered: 1 week ago

Question

★★★★★

68. Many of Googles HR policies are aimed at eliciting/illiciting honest feedback.

Answered: 1 week ago

Question

★★★★★

Peyton Smith enjoys listening to all types of music and owns countless CDs. Over the years, Peyton has gained a local reputation for knowledge of music from classical to rap and the ability to put...

Answered: 1 week ago

Question

★★★★★

The attainable budget for a company is listed in the table below. What earnings are required to yield the Net Profit (before tax) of $250,000 if the company decrease the variable cost to earnings...

Answered: 1 week ago

Question

★★★★★

On December 31, after adjustments, Gonzalez Company's ledgercontains the following account balances:101Cash$36,200Dr.111Accounts receivable16,700Dr.121Supplies2,900Dr. 2 answers

Answered: 1 week ago

Question

★★★★★

Suppose that Viacom and QVC made tender offers to the Paramount shareholders, rather than offering a merger. On March 1 , 1 , Viacom offered to pay $ 7 5 7 5 per Paramount share. On March 5 , 5 , QVC...

Answered: 1 week ago

Question

★★★★★

A plant makes monthly shipments of electric drills to a wholesaler in average lot sizes of 280 drills. The wholesaler's average demand is 70 drills a week, and the lead time from the plant is 3...

Answered: 1 week ago

Question

★★★★★

Paco, Inc. is considering obtaining funding through advances against receivables. The total annual credit sales are $1,200,000, the terms are net/30 days, and the payment is made on the average of 30...

Answered: 1 week ago

Question

★★★★★

Question 6: Given the data below, what is the simple linear regression model that can be used to predict sales in future weeks? You have the following regression equation: Yt = 143.5 + 6.3x

Answered: 1 week ago

Question

★★★★★

1. What is P(A=a2,B=b2) P(A=a2,B=b2)? 2. Observing events from this probability distribution, what is the probability of seeing (a1, b1) then (a2, b2)? 3. Calculate the marginal probability...

Answered: 1 week ago

Question

★★★★★

3. Analyzing a Film. View a feature film or a video (e.g., Chir-raq or Brooklyn) and assume the position of a researcher. Analyze the cultural meanings in the film from each of the three...

Answered: 1 week ago

Question

★★★★★

1. Becoming Culturally Conscious. One way to understand your cultural position within the United States and your own cultural values, norms, and beliefs is to examine your upbringing. Answer the...

Answered: 1 week ago

Question

★★★★★

b. Why were these values considered important?

Answered: 1 week ago

Previous Question Next Question