Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a construction + mpany prepared its attainable bud

A construction + mpany prepared its attainable budget for 2020. COST STRUCTURE ATTAINABLE BUDGET EARNINGS...

90.2K

Verified Solution

Question

Accounting

image

A construction + mpany prepared its attainable budget for 2020. COST STRUCTURE ATTAINABLE BUDGET EARNINGS 8,000,000 7,253,600 VARIABLE COSTS 90.67 538,000 FIXED COSTS NET PROFIT (BEFORE TAXES) MARGINAL RATIO 208,400 9.33 1. If the company decreases price by 3%, what earnings are required to yield the profit goal of $256,667? What is the percentage change in work quantity? (2 points) 2. If the company increases price by 3%, what earnings are required to yield the profit goal of $256,667? What is the average change in work quantity? (2 points)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students