Hudson Co. reports the contribution margin income statement for 2017. HUDSON CO. Contribution Margin Income Statement For Year Ended December 31, 2017
Sales (10,500 units at $225 each) $2,362,500
Variable costs (10,500 units at $180 each) 1,890,000
Contribution margin $472,500
Fixed costs 369,000
Pretax income $103,500

Required:
a. Compute Hudson Co.'s break-even point in units and.
b. Compute Hudson Co.'s break-even point in sales dollars.
c. Assume Hudson Co. has a target pretax income of $171,000 for 2018. What amount of sales (in dollars) is needed to produce this target income?
d. If Hudson achieves its target pretax income for 2018, what is its margin of safety (in percent)?

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

the definition of a small business is an independently owned and operated company that is limited in size and in revenue depending on the industry. a local bakery that employs 10 people is an example of a small business. a manufacturing facility that employees less than 500 people is an example of a small business.

answercold,maybe nuclear war;