Opal Company manufactures a single product that it sells for $90 per unit and has a contribution margin ratio of 35%. The company's fixed costs are $46,800. If Opal desires a monthly target operating profit equal to 15% of sales, sales will have to be (rounded):
A. 1,486 units.
B. 1,040 units.
C. 3,467 units.
D. 2,600 units.
Answer: D
You might also like to view...
If you were going to conduct an informative presentation to teach the audience how to create a weekly study schedule, what type of organizational pattern would you use? Why?
What will be an ideal response?
According to the punctuated equilibrium model, teams should focus on task strategy at:
a. The beginning of the team’s development b. The midpoint crisis c. Continually, as members work together d. The storming stage
In a transportation problem, a single source may supply something to all destinations
Indicate whether the statement is true or false
ABC Life Insurance Company is offering a new product. The product is a two-year term insurance policy funded by a single premium at the start of the first year. Death claims are paid at the end of the year in which death occurs
A portion of the appropriate mortality table is shown below. The first number is age, the second is the number alive at the start of the year, and the last number is the number dying during the year. 39 9,693,539 14,928 40 9,678,611 15,970 Using a 5.5 percent interest rate, the present value of $1 one year from today is .9479, and the present value of $1 two years from today is .8985. Assuming a 5.5 percent interest rate, what is the net single premium for a $1,000 two-year term policy issued at age 39? A) $1.49 B) $2.94 C) $5.67 D) $12.83