Business, 18.10.2019 19:20 alisonlebron15

Crane company had $94,800 of net income in 2019 when the selling price per unit was $152, the variable costs per unit were $97, and the fixed costs were $570,700. management expects per unit data and total fixed costs to remain the same in 2020. the president of crane company is under pressure from stockholders to increase net income by $60,500 in 2020. compute the number of units sold in 2019.

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Answer from: GracieMaeB

The Answer is 12.100

Explanation:

Firstly get the variable margin = (revenue – variable cost) since we don’t have the revenue but we know that there was just one fixed expense we can get the variable margin in this way

Total Variable Margin = Net income + Fixed cost = $94.800+$570.700= 665.500

Then get the variable margin per unit = Price of sale per unit – cost per unit = 152-97 = $55

The units sold can be calculated in this way = Total Variable Margin / Variable Margin per unit= 665.500/55 = 12.100

Units price Total

Revenue 12,100.00 152.00 1,839,200.00

Variable Cost 12,100.00 97.00 (1,173,700.00)

Fixed Cost (570,700.00)

Net income 94,800.00

Answer from: Quest

1 all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

Answer from: Quest

Ithink its 3! hope it : -)

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Crane company had $94,800 of net income in 2019 when the selling price per unit was $152, the variab...