A company has fixed costs of $270,000, a unit contribution margin of $14, and a contribution margin ratio of 55%. If the company wants to earn a target $60,000 pretax income, what amount of sales must it make (rounded to the nearest whole dollar)?
A. 381,818.
B. 490,909.
C. 330,000.
D. 600,000.
E. 109,090.
Answer: D
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Kellogg's used a panel of consumers to evaluate its Kashi Heart to Heart cereal campaign featuring children who read the cereal box and try to persuade their parents to watch their cholesterol. These consumers judged the advertisements prior to the execution of the advertising campaign. This is an example of a(n)
A. pretest. B. inquiry test. C. recognition test. D. recall test. E. posttest.
Clayborn Company deposits all cash receipts on the day they are received and makes all cash payments by check. At the close of business on May 31, its Cash account shows a debit balance of $18,525. Clayborn's May bank statement shows $17,000 on deposit in the bank. Determine the adjusted cash balance using the following information: Deposit in transit$5650?Outstanding checks$4900?Bank service fees, not yet recorded by company$40?A NSF check from a customer, not yet recorded by the company$735?The adjusted cash balance should be:
A. $17,775 B. $22,650 C. $12,100 D. $18,485 E. $17,750
Which of the following is NOT a strategy used by marketers of high-involvement offerings?
A. use social media to create online experiences for the brand B. run ads to provide consumers with information C. use Internet search engines such as Google to assist buyers D. avoid stockout situations so that buyers don't substitute a competing brand E. use personal selling to provide consumers with information
When writing complex procedures that should be completed in a particular order, which method is BEST?
a. Put the procedures in bullet format. b. Number the steps. c. Prepare a flowchart. d. None of the above.