This is economics question

This Is Economics Question

Answers

Answer 1

Answer:

I think "A & B are correct."

Explanation:

Risk*


Related Questions

The overall unemployment rate in Lebanon stands at 24 percent, and youth unemployment exceeds 35 percent. In the face of job crisis, Lebanon should introduce reforms in the education system to adapt to future labor market needs. At the same time, it is crucial to develop a viable information and communications technology sector and to speed up the process of finalizing the oil and gas exploration and production projects. Also essential to job creation are small- and medium-size enterprises.

Source: The Daily Star, December 24, 2014

a. On the basis of the news clip, what is the main type of unemployment that Lebanon should use

policies to control? Explain.

b. How might these policies impact Lebanon’s natural unemployment rate? Explain.

Answers

Answer:

a. Lebanon should address the structural unemployment issue in the economy to support the current labor force with the new methods and technologies of production. Policies would be aimed at boosting the productivity of labor and hence the demand for labor force. From the given scenario it is comprehensible that the major issue prevailing is lack of competency due to structural and technological changes.

b. Policies aimed at fighting structural unemployment would cause the natural rate of unemployment rate to fall. Natural rate of unemployment would change when there arises changes in factors such as technology, productivity etc.

does anyone know a free app that i can watch shows on? what show u may ask it called the 100​

Answers

Answer:

You can download Tubi or Pluto tv they have shows and movies as well

Explanation:

The Jackson-Timberlake Wardrobe Co. just paid a dividend of $1.52 per share on its stock. The dividends are expected to grow at a constant rate of 7 percent per year indefinitely.

Required:

a. If investors require a 11 percent return on The Jackson-Timberlake Wardrobe Co. stock, what is the current price?
b. What will the price be in 8 years?

Answers

Answer:

A. $40.66

B. $69.86

Explanation:

A. Calculation for what is the current price

Using this formula

Current price=Dividend per share(1+Expected constant rate)/ (Require return percentage-Expected constant rate)

Let plug in the formula

Current price=1.52(1+.07) / (.11-.07)

Current price=1.52(1.07) / (.11-.07)

Current price=1.6264/0.04

Current price=$40.66

Therefore the Current price will be $40.66

b. Calculation for What will the price be in 8 years

Using this formula

Price=Dividend per share(1+Expected constant rate)^Numbes of years/ (Require return percentage-Expected constant rate)

Price=1.52(1+.07)^9/ (.11-.07)

Price=1.52(1.07)^9/ (.11-.07)

Price=2.7945/0.04

Price=$69.86

Therefore What will the price be in 8 years is $69.86

Land and Sea Incorporated would like your opinion about various countries as potential markets and investment sites. What general information can you share with them about assessing the overall attractiveness of a potential country as a market

Answers

Answer:

Land and Sea Incorporated

Country Attractiveness:

The following are general information that can be used to assess the overall attractiveness of a potential country as a market and investment destination:

1. Economic Factors: Some consideration should be paid to the foreign exchange practices, the economic competitiveness, and the fiscal policies, including taxation of the destination country.

2. Political/Legal Factors: An investment destination needs a stable political system with smooth regime-transitions.  Investors should be able to secure their basic property and intellectual property rights.

3. Socio-Demographic Factors: The market potentials (market growth, entry and exit, and profit growth) and the ease of doing business in an environment are also important considerations.

4. Physical Infrastructure: It is very important to understand how the destination country is developing its physical infrastructure.  Are power and energy resources readily available?  Does the country possess good transportation networks that will enable the free movement of persons and goods?  The security of life and property is an important factor that should never be overlooked when considering the physical infrastructure.

Explanation:

Country attractiveness is the measure of a country's readiness to welcome both domestic and international investors and provide the enabling environment for business activities.  However, there should be a thorough evaluation of potential investments in a foreign country to determine the country’s suitability is in terms of its external business environments.  The critical decision to invest should not be left to sentiments and political rhetorics.  Some governments are experts in advertising the attractiveness of their countries.  Some of them, with their investment campaigns, are not bankable.

Assume an after-tax savings interest rate of 7 percent and a tax rate of 28 percent. (a) Calculate the total rental cost and total buying cost

Answers

Complete Question

Annual rent $ 7,380

Insurance 145

Security deposit 650

Annual mortgage payments $9,800 ($9,575 is interest)

Property taxes 1,780

Insurance/maintenance 1,050

Down payment/closing costs 4,500 Growth in equity 225

Estimated annual appreciation 1,700

Assume an after-tax savings interest rate of 7 percent and a tax rate of 28 percent.

(a) Calculate the total rental cost and total buying cost.

Answer:

Explanation:

(a)Rental Costs

Buying Costs $7,380

Rent $9,800

The following calculations were made:

Interest lost on security deposit

= Security deposit × 7%

= $650 × 0.07 = $45.5

Interest lost on down payment and closing cost

= Down payment × 7%

= $4,500 × 0.07 = $315

Tax savings for mortgage interest =

Interest × 28%

$9,575 × 0.28 = $2,681

Tax savings for property taxes =

= Property taxes × 28%

$1,780 × 0.28 = $498

As part of the initial investment, Ray Blake contributes equipment that had originally cost $101,300 and on which accumulated depreciation of $75,975 has been recorded. If similar equipment would cost $158,400 to replace and the partners agree on a valuation of $51,500 for the contributed equipment, what amount should be debited to the equipment account

Answers

Answer:

This is a repeat question on Brainly but here you go.

$51,500

Whether original cost or replacing cost is given in the question but we considered that cost in which the partner give their consent

So, the equipment amount should be debited at $51,500 instead of the original cost or the replacing cost

One of the founding principles of the ISO 9000 standard is that: a. the requirements are strictly the same, regardless of the organization b. it requires organizations to meet their own requirements as well as those of regulators c. the requirements are set and audited by the customers d. the requirements follow the Six Sigma methodology

Answers

Answer:

One of the founding principles of the ISO 9000 standard is that:

a. the requirements are strictly the same, regardless of the organization.

Explanation:

ISO 9000 standards describe the quality management standards that organizations can follow to increase business efficiency and customer satisfaction.  ISO 9000 embeds a quality management system within an organization, increasing productivity, reducing unnecessary costs, and ensuring quality of processes and products.  The IS0 9000 standards are not specific to any one industry and can be applied to organizations of any size.

United Airlines and Continental Airlines decided to merge, in part because the companies had little overlap in their domestic routes and hubs. This is an example of

Answers

Answer: Synergy

Explanation:

Synergy simply refers to an interaction or a cooperation that exists between two or more organizations, in order to have a greater combined effort which is vital for the achievement of organization goals.

When there is a combined effort of the organizations, the achievement of success would be possible. Therefore, United Airlines and Continental Airlines merging because the companies had little overlap in their domestic routes and hubs is an example of synergy.

the area of a rectangle is 600 cm2 and its breadth is two-third of its length find the length and breadth of the rectangle​

Answers

Given:

Area of a rectangle is [tex]600 \text{cm}^2[/tex].

Breadth is two-third of its length.

To find:

The length and breadth of the rectangle​ .

Solution:

Let x cm be the length of the rectangle.

Then, Breadth or width of the rectangle = [tex]\dfrac{2}{3}x[/tex] cm

Area of a rectangle is

[tex]Area=Length \times Breadth[/tex]

[tex]600=x \times \dfrac{2}{3}x[/tex]

[tex]600=\dfrac{2}{3}x^2[/tex]

Multiply both sides by 3.

[tex]1800=2x^2[/tex]

Divide both sides by 2.

[tex]900=x^2[/tex]

Taking square root on both sides.

[tex]\pm \sqrt{900}=x[/tex]

[tex]\pm 30=x[/tex]

Length cannot be negative. So, x=30.

Now,

Length = [tex]30\text{ cm}[/tex]

Breadth = [tex]\dfrac{2}{3}\times 30\text{ cm}[/tex]

             = [tex]2\times 10\text{ cm}[/tex]

             = [tex]20\text{ cm}[/tex]

Therefore, the length of the rectangle is 30 cm and the breadth is 20 cm.

The LaGrange Corporation had the following budgeted sales for the first half of the current year:

Cash Sales Credit Sales
January $60,000 $160,000
February $65,000 $180,000
March $50,000 $140,000
April $45,000 $130,000
May $55,000 $210,000
June $90,000 $240,000

The company is in the process of preparing a cash budget and must determine the expected cash collections by month. To this end, the following information has been assembled:

Collections on sales:

45% in month of sale
35% in month following sale
20% in second month following sale

The accounts receivable balance on January 1 of the current year was $85,000, of which $55,000 represents uncollected December sales and $30,000 represents uncollected November sales.

The total cash collected during January by LaGrange Corporation would be:_________

Answers

Answer:

$168,250

Explanation:

Total Cash Collection would include cash collected from both Cash Sales and Credit Sales.

Summary for Calculation of January Cash Collected

Cash Sales                                                        $60,000

Credit Sales :

For January Sales ($160,000 × 45%)              $72,000

For December Sales ($55,000 × 55%)           $30,250

For November Sales ($30,000 × 20%)             $6,000

Total Collection                                               $168,250

Conclusion :

The total cash collected during January by LaGrange Corporation would be $168,250

The total cash collected during January by LaGrange Corporation would be:$197,000.

Cash collected:

November receivables collections $30,000

December  receivables collections $35,000

($55,000 × 35%/55%)

January cash sales $60,000

January credit sales collection $72,000

($160,000×45%)

Total collection $197,000

Inconclusion the total cash collected during January by LaGrange Corporation would be:$197,000.

Learn more about cash collection here:https://brainly.com/question/24179665

How companies can link their compensation and evaluations to organizational objectives?

Answers

Answer:

For a company’s compensation strategy to be effective, it must be linked to the overall business strategy. Because compensation accounts for 30-60% of business costs, it is essential for organizations to identify the drivers behind pay. For this reason, the foundational step of creating any solid compensation strategy is linking it to the business strategy.

Explanation:

Identify each statement as true or false. 1. Process cost systems are used to apply costs to similar products that are mass-produced in a continuous fashion. select between True and False 2. A process cost system is used when each finished unit is indistinguishable from another. select between True and False 3. Companies that produce soft drinks, movies, and computer chips would all use process cost accounting. select between True and False 4. In a process cost system, costs are tracked by individual jobs. select between True and False 5. Job order costing and process costing track different manufacturing cost elements. select between True and False 6. Both job order costing and process costing account for direct materials, direct labor, and manufacturing overhead. select between True and False 7. Costs flow through the accounts in the same basic way for both job order costing and process costing. select between True and False 8. In a process cost system, only one work in process account is used. select between True and False 9. In a process cost system, costs are summarized in a job cost sheet. select between True and False 10. In a process cost system, the unit cost is total manufacturing costs for the period divided by the equivalent units produced during the period.

Answers

Answer:

1. True

2. True

3. False - movie companies will not.

4. False

5. False

6. True

7. True

8. False

9. False

10. True

The 2019 balance sheet of Dyrdek’s Skate Shop, Inc., showed $530,000 in the common stock account and $2.3 million in the additional paid-in surplus account. The 2020 balance sheet showed $570,000 and $2.5 million in the same two accounts, respectively. If the company paid out $320,000 in cash dividends during 2020, what was the cash flow to stockholders for the year?

Answers

Answer:

$80,000

Explanation:

[tex]The \ expression \ for \ calculating \ cash \ flow \ to \ stockholders \ is:[/tex]

[tex]Cashflow \ = \ Dividend \ paid \ during \ the \ year \ - \ change \ in \ t he \ value \ of \ common \ stock \ during \ - \ change \ in \ value \ of \ stock \ in \ the \ previous \ year[/tex][tex]Here;[/tex]

[tex]Change \ in \ value \ of \ Common \ stock \ during \ the \ year \ =[/tex] [tex]\ Value \ of \ Common \ stock \ of \ the \ Curren t \ Year - Value\ of \ Common \ stock \ of \ the \ Previous \ Year[/tex]

[tex]Change \ in \ valu e \ of \ Additional \ paid \ in \ surplus \ account \ during \ the \ year =[/tex]

[tex]Value \ of \ Additional \ paid \ in \ surplus \ account \ o f \ the \ Current \ Year \ -[/tex] [tex]\ Value \ of \ Additional \ paid \ in \ surplus \ account \ of \ th e \ Previous \ Year[/tex]

From the information given:

[tex]Dividend \ Payment \ during \ the \ year[/tex] 2020 = $320000

[tex]Value \ of \ stock \ in \ current \ yr[/tex]= i.e. 2020 = $570000

[tex]Value \ of \ stock \ in \ previoius \ yr[/tex] = i.e. 2019 = $530000

Change = $570000 - $530000 = $40,000

[tex]Value \ of \ Ad ditional \ paid-in \ surplus \ acct \ of \ the \ current \ year[/tex] = $2,500,000

[tex]Value \ of \ Ad ditional \ paid-in \ surplus \ acct \ of \ the \ previous \ year[/tex] = $2,300,000

Change = $2,500,000 - $2,300,000  = $ 200000

[tex]By \ using \ the \ above \ information \ in \ the \ formula \ for \ calculating \ the \ cash \ flow \ to[/tex]

[tex]\ stackholder, \ we \ get:[/tex]

= $320000 - $40,000 - $ 200000

= $80,000

aron Company has a process costing system. All materials are introduced when conversion costs reach 50 percent. The following information is available for physical units during March
Work in process, March 1 (60% complete as to conversion costs) 150,000Units started in March 600,000Units transferred to Finishing Department in March 630,000Work in process, March 31 (40% complete as to conversion costs) 120,000Compute the equivalent units for materials costs and for conversion costs using FIFO method

Answers

Answer:

Equivalent units of production for materials

Opening work in process was complete with respect to materials so not EUP there.

Closing work in process was complete as well.

EUP for materials is:

= Units transferred to Finishing Department - opening WIP

= 630,000 - 150,000

= 480,000 units

Equivalent units of production for conversion

= EUP opening work in process + units transferred to finishing department + EUP closing work in process

= (40% * 150,000) + 480,000 + (40% * 120,000)

= 60,000 + 480,000 + 48,000

= 588,000 units

EUP opening work in process already had 60% of conversion cost incurred in previous period so only 40% will be incurred in present period.

Drag the tiles to the correct boxes to complete the pairs.
Match the HR processes to the activities involved.
m

Answers

Answer:

Explanation:

HR processes involved to activities:

Employee leasing and outsourcing → Recruitment

Organizing orientation programs → Training

Expanding certain departments ans closing down others → right sizing

Providing paid vacation time to employee → designing compensation package

Explanation: Correct On Plato!!!

A newly formed firm must decide on a plant location. There are two alternatives under consideration: locate near the major raw materials or locate near the major customers. Locating near the raw materials will result in lower fixed and variable costs compared to locating near the market, but the owners believe there would be a loss in sales volume because customers tend to favor local suppliers. Revenue per unit will be $179 in either case. Revenue per unit will be $183 in either case. Using the following information, determine which location would produce the greater profit.

Omaha Kansas city
Annual fixed costs ($ millions) $1.2 $1.4
Variable cost per unit $36 $47
Expected annual demand (units) 8,000 12,000

Answers

Answer:

locate near the major raw materials

Explanation:

which market structure p
redominantly uses product differntation

Answers

Monopolistic competition
Monopolistic competition: Product differentiation.

What is a determinant of demand that would cause demand to increase?

Answers

Answer:

Increase in income

Increase in price of substitutes

Change in taste

Explanation:

If income increases, the demand for a good rises as the amount of disposable income increases,

A substitute good is a good that can be used in place of another good. e.g. pen and pencils. If the price of a substitute (e.g. pens) increases, it becomes more expensive. Consumers would shift to the demanding pencils. As a result the demand for pencils would increase

A change in taste. For example, if an individual prefers pencils to pens. he would demand more of pencils and less of pend. As a result, the demand for pencils would increase

Select the correct answer.
Someone who scores mostly "yes" answers in the social category of the RIASEC would probably not enjoy a career in
A Research
B. Social work
C Nursing
D Teaching

Answers

Answer:

D

Explanation:

Answer:

D, Teaching

Explanation:

have a nice day

Which statement is true according to the article?Choose one:A. Chilean companies aim to improve their wine distribution in China.B. Most wine consumed in China was imported from California.C. Despite the tariffs, the volume of wine exports from the United States to China has increased slightly.D. Only the United States has used tariffs in this trade dispute with China.

Answers

Answer:

The answer is "Option A".

Explanation:

In this question, the first choice is correct because the Chilean organizations continue to improve the existing wine business in the country of China, with Chile aiming to the advantage of the military conflict as well as expand its position in the Chinese beverage (wine) market though the wider optimization.

I really can’t find the answer.
Which of the following is a way in which business benefits society?
A. It provides competition to improve customer choice.
B. It discourages innovation.
O C. It forbids social bonds in the workplace.
O D. It prevents the creation of new jobs.
SUBMIT

Answers

Answer:

A. It provides competition to improve customer choice.

Explanation:

Businesses are established to offer solutions to society's problems. Entrepreneurs identify a need or a want in society and avail products or services that will meet that need. The reward to the entrepreneur is the profit they make by charging a higher price on products than the cost incurred in availing them.

Entrepreneurs are innovative people always seeking new ways of doing things. Business competition has made innovation and creativity a necessity. Entrepreneurs are developing new, efficient, and cost-friendly products to win more customers. The biggest beneficiary is the customer and society at large as they get quality products at fair prices.

Answer:

a. it provides competition to improve customer choice

Explanation:

At a team meeting, your manager addresses some of the discord between your team members and suggests that your team should work individually instead of as a group. She asks if anyone has an opinion on the subject. You know that there are often tough times when working in a group, but in the end your team always produces great results. What could you say to convince your manager to keep your team working together

Answers

Answer: Diverse teams made up of people with different experiences are better able to create competitive advantages in the marketplace

Explanation:

Based on the scenario given in the question, what I would say to convince the manager to keep the team working together is that "diverse teams made up of people with different experiences are better able to create competitive advantages in the marketplace".

For the growth and development of every organization, teamwork is required and a diverse team that consult of people with different experience and skills will help achieve this. Everyone contributes his or her own quota on the achievement of organizational goals.

Determine the present value of the following single amounts (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided. Round your final answers to nearest whole dollar amount.):

Answers

Answer:

1. $15,406

2. $6,461

3. $2,118

4. $15,262

Explanation:

Calculation to Determine the present value

1. Calculation for the Present Value of $31,000, n= 12, i =6%

First step is to find the Present value of $1:

n= 12, i =6% (from PV of $1)

Where,

n represent the period for investment

i represent the interest rate

The Present value of $1:n= 12, i =6% (from PV of $1) is 0.49697

Now let Calculate the Present Value of $31,000,n= 12, i =6%

Present value=$31,000 *0.49697

Present value= $15,406

2. Calculation for the Present Value of $25,000, n= 20, i =7%

First step is to find the Present value of $1:

n= 20, i =7% (from PV of $1)

Where,

n represent the period for investment

i represent the interest rate

The Present value of $1:n= 20, i =7% (from PV of $1) is 0.25842

Now let Calculate the Present Value of $25,000, n= 20, i =7%

Present value=$25,000 *0.25842

Present value= $6,461

3. Calculation for the Present Value of $36,000, n= 25, i =12%

First step is to find the Present value of $1:

n= 25, i =12% (from PV of $1)

Where,

n represent the period for investment

i represent the interest rate

The Present value of $1:n= 25, i =12% (from PV of $1) is 0.05882

Now let Calculate the Present Value of $36,000, n= 25, i =12%

Present value=$36,000 *0.05882

Present value= $2,118

4.Calculation for the Present Value of $51,000, n= 14, i =9%

First step is to find the Present value of $1:

n= 14, i =9% (from PV of $1)

Where,

n represent the period for investment

i represent the interest rate

The Present value of $1:n= 14, i =9% (from PV of $1) is 0.29925

Now let Calculate the Present Value of $51,000, n= 14, i =9%

Present value=$51,000 *0.29925

Present value= $15,262

Therefore the PRESENT VALUE will be:

Future Amount i = n = Present Value

1 $31,000 6% 12 =$15,406

2 $25,000 7% 20 =$6,461

3 $36,000 12% 25 =$2,118

4 $51,000 9% 14 =$15,262

Damon convinced his aunt to lend him $6,900 to purchase a plasma digital TV. She has agreed to charge only 12 percent simple interest, and he has agreed to repay the loan at the end of one year. How much interest will he pay for the year

Answers

Answer:

444

Explanation:

Simple Interest for a year can be calculated using

I = PRT/100

P= Principle amount

R= percent simple interest

T= time

(3700)(12)(1)/100 = 444

I'm asking again because I legit need help on this. Best answer gets brainliest.

One of the biggest differences between a public sector business and a private sector business is the use of tax dollars. Public sectors businesses entirely run off of tax money, while private sector business depend on making money through selling goods or services.

1. What do you see as some of the POSITIVE aspects of depending on tax money to run a business?

2. What do you see as some of the NEGATIVE aspects of depending on tax money to run a business.

Answers

Answer:

1. the positively here is you are sure of the money need to run the business even without one doing much as long as taxes are paid and these business sectors under this category are non profit organization but for the betterment of the people

Explanation:

2. no profit is made so no gain, no specifiation on the goods to fit the requirements of the masses and mass production is mostly low quality.

Fran owns Consolidated Auto Parts, a company that got its start making auto parts related for hybrid vehicles, but her firm has had difficulty establishing itself as a maker of parts for the more-profitable internal combustion engine. What is most likely contributing to Consolidated's problem in this area?

Answers

Answer:

The answer is "Barriers to entry typically support incumbents in a lucrative industry".

Explanation:

Fran owns Integrated Car Parts, which started producing auto parts for electric vehicles, but it's been difficult for Fran to establish itself as just a part producer for a diesel engine which would be more lucrative. Barriers to entry usually shield established participants in such a profitable industry, which most probably contributes to the issue of Consolidation.

Stratton shipyards has 10 million dollars of sales and six million of operating cost including depreciation the company has 20 million of investor supplied operator Capital that has a cost of capital of 10% what is the firm's economic value-added to get from the company's overall tax rate of 40%

Answers

Answer:

Stratton Shipyards

The firm's economic value-added is:

$0.4 million

Explanation:

a) Data and Calculations:

Sales revenue =  $10 million

Operating cost =    6 million

Pre-tax Income =  $4 million

Income tax (40%)   1.6 million

After tax income $2.4 million

EVA = $2.4 million - ($20 million * 10%)

= $0.4 million

b) Stratton Shipyards Economic Value-Added (EVA) = the Net Operating Profit after Tax (NOPAT) – the product of the weighted average cost of capital (WACC) * capital invested.  The EVA shows the real value creation by the company above its cost of capital.

Problems and Applications Q9 Indicate whether each of the following statements is true or false. Statement True False 1. There can be no gains from trade between two countries if one of them has an absolute advantage in the production of all goods. 2. Comparative advantage determines the gains from specialization and trade. 3. If a certain trade is good for one country, it can't be good for the other country. 4. Two individuals can benefit from specialization and trade if they agree upon a price that lies between their opportunity costs of producing the good. 5. When a country opens to trade, people working in industries producing goods that the country exports are harmed by the trade.

Answers

Answer:

1. FALSE

There can still be gains from trade if one country has an Absolute advantage in the production of all goods because having absolute advantage does not mean that it has comparative advantage. If they did have comparative advantage in all goods then there would be no gain.

2. TRUE

As shown in the explanation above, gains from trade are determined by comparative advantage. If a country has comparative advantage in a good, it can gain from trading for a good it does not have comparative advantage in.

3. FALSE

Trade can and should be mutually beneficial to both countries.

4. TRUE

If both parties agree to a price that lies between their opportunity costs, they can make gains because they would be making more than their opportunity costs.

5. FALSE

The country has opened up to trade which means that the good they export now has a larger market to sell to. This will be beneficial to the people in the exporting industry as they will sell more and thus make more money.

A proposed new investment has projected sales of $850,000. Variable costs are 60 percent of sales, and fixed costs are $174,000; depreciation is $75,000. Prepare a pro forma income statement assuming a tax rate of 30 percent. What is the projected net income

Answers

Answer:

63,700

Explanation:

Sales:                                                 850,000

Variable Cost: (850,000*60%) =      510,000

Contribution Margin = 850k-510k= 340,000

Fixed cost =                                       174,000

Depreciation =                                    75,000

Earnings Before Taxes =                    91,000

Taxes (30%) =                                      (27,300)

Net Income                                 63,700

For Wildhorse Company, variable costs are 68% of sales, and fixed costs are $199,000. Management’s net income goal is $77,800. Compute the required sales in dollars needed to achieve management’s target net income of $77,800. (Use the contribution margin approach.)

Answers

Answer: $865000

Explanation:

Contribution margin ratio would be gotten as:

= 100% - 68%

= 32%

= 0.32

Then, the desired sales would be:

= (Fixed cost + desired profit) / CM ratio

= (199,000 + 77800) / 0.32

= 276800 / 0.32

= $865000

Other Questions
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