Lin corporation has a single product whose selling price is $134 and whose variable expense is $67 per unit. the company's monthly fixed expense is $32,300. 2.value: 2.00 pointsrequired information required: 1. using the equation method, determine for the unit sales that are required to earn a target profit of $7,900. (round up your answer to the nearest whole number.)

Answers

Answer 1
Answer:

Answer:

600 units

Explanation:

The computation of the units sales is shown below:

= (Fixed expenses + target profit) ÷ (Contribution margin per unit)

where,  

Contribution margin per unit = Selling price per unit - Variable expense per unit

= $134 per unit - $67 per unit

= $67 per unit

And, the other items values would remain the same

Now placing these values to the above formula  

So, the value would equal to

= ($32,300 + $7,900 ) ÷ ($67)

= ($40,200) ÷ ($67)

= 600 units


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Mini Case (Amazon)Strategic thinking focuses on the longer term and on taking different approaches to deliver customer value; on choosing different sets of activities that cannot easily be imitated, thereby providing a basis for an enduring competitive advantage. Amazon is a good example. Today, Amazon offers 230 million items for sale in America—some 30 times the number sold by Wal-Mart, the world’s biggest retailer, which has its own fast-growing online business. Its total 2013 revenues were $74.5 billion, but when one takes into account the merchandise that other companies sell through its "marketplace" service the sales volume is nearly double that. Though by far the biggest online retailer in America, Amazon is still growing faster than the 17 percent pace of e-commerce as a whole. It is the top online seller in Europe and Japan, too, and has designs on China’s vast market. Last year Amazon was the world’s ninth biggest retailer ranked by sales; by 2018 it may well be in the top two. On top of its online-retail success, Amazon has produced two other transformative businesses. The Kindle e-reader pioneered the shift from paper books to electronic ones, creating a market that now accounts for more than a 10th of spending on books in America and which Amazon dominates. Less visible but just as transformative is Amazon’s invention in 2006 of cloud-computing as a pay-as-you-go service, now a $9 billion market. That venture, called Amazon Web Services (AWS), has slashed the technology costs of starting an enterprise or running an existing one. And Amazon enjoys an advantage most competitors envy: Remarkably patient shareholders. The company made a net profit of just $274 million last year, a minuscule amount in relation to its revenues and its $154 billion value on the stock exchange; its shares are valued at more than 500 times last year’s earnings, 34 times the multiple for Wal-Mart. Its core retail business is thought to do little better than break-even; most of its profits come from the independent vendors who sell through Amazon’s marketplace. Such long-termism takes investment. In its early days Amazon avoided direct competition with retailers because its lack of stores made it "capital light". Today its empire of warehouses and data centers has changed that. Now its pitch to merchants and technologists is that it will build physical assets so that they do not have to. By doing so, it keeps its competitors close and makes them depend on Amazon for key parts of their business models.
Source: Amazon - Relentless.com, The Economist, Print edition, June 21, 2014.
a) What is strategic thinking?
b) Why long-term perspective is important for strategic thinking?
c) What are the sources of Amazon’s success described in the mini case above?

Answers

A person uses strategic thinking as a mental or intellectual strategy to accomplish a goal or set of goals. It causes thought since it is a cognitive activity.

Why long-term perspective is important for strategic thinking?

Long-term in strategic thinking is defined as more than five years. Most strategic plans have a three to five-year time horizon. Tracking your progress toward goals may be made possible by having a strategic strategy in place. The success of your firm may be directly impacted by each department's and team's development when they are aware of the overall plan of the business, resulting in a top-down approach to measuring key performance indicators (KPIs).

Long-term goals are things you desire to accomplish in the months or years to come. This kind of goal-setting gives your job meaning, improves your decision-making, and provides plenty of everyday drive. In this post, we provide examples to help you understand how to employ long-term objectives to achieve significant things over time.

Learn more about strategic thinking:

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Owen runs a delivery business and currently employs three drivers. He owns three vans that employees use to make deliveries, but he is considering hiring a fourth driver. If he hires a fourth driver, he can schedule breaks and lunch hours so that all three vans are in constant use, allowing him to increase deliveries per day from 60 to 75. It will cost an additional $75 per day to hire the fourth driver. The marginal cost per delivery of increasing output beyond 60 deliveries per day:

Answers

Answer:

$5

Explanation:

Marginal cost also known as the incremental cost is defined as the incremental cost of producing an additional unit of a product or service , calculated by dividing the total increase in cost by increased number of goods produced.( change in cost /change in unit).

It is used to measure and evaluate an increase or decrease in the cost of production.

Workings

Additional cost - $75

Total increase in daily delivery = (75-60)=15

Marginal cost = 75/15 = %5

Which element of a print ad communicates the spirit of the brand?a. headline
b. movement
c. tagline
d. body copy

Answers

Tagline  communicates the spirit of the brand.  Tagline is used in advertising. An example is the punchline of the joke. The idea behind the concept is to create a memorable dramatic phase. 

What term is used to describe the study of using limited resources to fulfill wants and needs?A.) Business
B.) Economics
C.) Management

Answers

The answer to the question is B. Economics. Economics studies the relationship between the limited resources and how the concepts of supply and demand work together to gather those resources. Economics is the foundation of how all transactions between buyer, seller, and production all operate together in the concept of markets and business.

Answer:

b

Explanation:

When evacuating the premises during an active shooter incident, your responsibilities to others include: Warning individuals not to enter the area where the active shooter may be. Helping others escape, if possible.?

Answers

It include warning individuals not to enter the area where the active shooter may be

In real life, those who haven't do any necessary training for this kind of emergency situation can only be a hindrance for the actual help enforcement. The best thing we can do is to warn other people not to enter the dangerous area

1. Liabilities are amounts you_____.A. owe
B. consider assets
C. avoid
D. add to your assets

2. Which of the following is one way to potentially increase your savings?
A. increase discretionary spending
B. reduce your income
C. reduce discretionary spending
D. increase your expenses

Answers

1.A. owe

2.C. reduce discretionary spending

Liabilities

According to the Liabilities are the obligations (amount owed) of an individual or an entity as a result of a past event that future economic resources like cash will emanate from the person or entity. Also, Debt could be an example of liabilities.

The Options may be a, B, and also D will reduce savings as savings may be a function of the income available, and also income could be a function of the income so expense.

Thus, the correct option is C. reduce discretionary spending.

Find out more information about Liabilities here:

brainly.com/question/26132841

Answer:

1. A. owe

2.C. reduce discretionary spending

Explanation:

1. Liabilities are the obligations (amount owed) of a person or an entity as a result of a past event for which future economic resources such as cash will flow out of the person or entity. Debts is a good example of liabilities.

2. Options A, B and D will reduce savings as savings is a function of the disposal income available and the disposal income is a function of the income and expense.

Therefore, the right option is C. reduce discretionary spending.