For Wickham Co., sales is $2,000,000, fixed expenses are $600,000, and the contribution margin ratio is 36%. What is required sales in dollars to earn a target net income of $400,000?

a. $1,111,111
b. $1,666,666
c. $2,777,778
d. $5,555,556

c. $2,777,778

Business

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The general standard associated with 802.11n is Enhancements to Wireless LAN Performance and Throughput

Indicate whether the statement is true or false

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Patch, Inc plans to distribute $134,000 in dividends. It has outstanding 200,000 shares of 7% $10 par preferred stock (cumulative) and 60,000 shares of $2 par common stock. How much will be distributed per share on preferred and common stock? Preferred stock Common stock

A) $3.35 $1.12 B) $0.70 $2.00 C) $0.67 $ -0- D) $1.68 $1.68

Business