A company has total fixed costs of $210,000 and a contribution margin ratio of 35%. How much sales are necessary to break even?
Q: provide correct answer
A: Components:Selling Price: Melody Tunes sells each CD for $15.50.Variable Costs:Production: $4.50 per…
Q: Solve this General accounting problem
A: Explanation of Segment Return on Assets (ROA):The Segment Return on Assets (ROA) is a financial…
Q: What amount per unit should this inventory item be reported
A: Explanation of Lower-of-Cost-or-Market (LCM) Method:The Lower-of-Cost-or-Market (LCM) Method is an…
Q: General accounting question
A: Step 1: Introduction to bondsBonds payable refers to a type of long-term debt that a company or…
Q: I don't know answer please help me this question solution
A: Apply the Formula% Change in Operating Income = 2.8 * 18% % Change in Operating Income = 50.4%…
Q: hello tutor please help me
A: Compute the variable cost ratio.Variable cost ratio = (Variable costs / Sales) x 100%Variable cost…
Q: Hy teacher give me answer general accounting
A: Step 1: Definition of Cash Balance and LiabilitiesCash Balance refers to the amount of cash…
Q: Answer please
A: Step 1: Definition of Contribution Margin And ProfitContribution margin represents the portion of…
Q: can you please give answer this questions
A: Step 1: Definition of Sales RevenueSales revenue is the income generated from selling goods or…
Q: Subject: financial accounting
A: Step 1: Define Net IncomeNet income is the excess of revenues over expenses for a given period.…
Q: Tutor need your help
A: Step 1: Materials price variance Materials price variance = Actual material cost - (Standard price x…
Q: Quick answer of this accounting questions
A: Step 1: Definition of Cash Received from CustomersCash received from customers represents the actual…
Q: Give me solution
A: Step 1: Definition of Budgeted Manufacturing Overhead CostThe budgeted manufacturing overhead cost…
Q: What is the veriable cost per minute?
A: Explanation of High-Low Method:The high-low method is a cost estimation technique used to separate…
Q: 3 PTS
A: Explanation of Mixed Cost:A mixed cost contains both a fixed component and a variable component. The…
Q: none
A: Income Taxes Payable - This is the total amount of taxes due to the government for the year,…
Q: General accounting question
A: Step 1: Analysis of information givenFace value of bond = $15,000Duration of bond = 60 daysDiscount…
Q: General accounting question
A: Step 1: Definition of Tax SavingsTax savings represent the amount of money an individual or business…
Q: Question
A: The Days Sales in Inventory (DSI) is a financial metric that measures how many days, on average, a…
Q: can you please solve this
A: Step 1: Given Value for Calculation Debt Equity Ratio = de = 80%Sales = s = $902,000Net Income = ni…
Q: can you please solve this
A: To calculate the dollar return on this investment, we consider both the capital gain and the…
Q: Don't use ai given answer general accounting question
A: Gross Profit is the total revenue from sales minus the cost of goods sold (COGS). It represents the…
Q: Financial Accounting
A: Step 1: Define Cost of Equity CapitalThe Cost of Equity Capital represents the return a company must…
Q: What is the operating income of this financial accounting question? Please provide answer
A: Step 1: Define Operating Income (EBIT)Operating income, also known as Earnings Before Interest and…
Q: I'm waiting for answer
A: Total cost = Direct materials + Direct labor + Overhead Compute the direct labor.Direct labor =…
Q: Manufacturing overhead is
A: Explanation of Manufacturing Overhead:The Manufacturing Overhead consists of all indirect costs…
Q: correct answer please
A: Step 1: Definition of Manufacturing OverheadManufacturing overhead includes all indirect costs…
Q: The financial statements of Sunland Manufacturing Company report net sales of $1277500 and accounts…
A: Calculate the average daily sales:Net Sales / 365 days $1,277,500 / 365 $3,500 Calculate the…
Q: Please need answer the financial accounting question answer do fast
A: Step 1: Definition of Payback PeriodThe payback period is the time required for an investment to…
Q: Need answer
A: Current Earning Per Share = Current Net Income/Current Shares OutstandingCurrent Earning Per Share =…
Q: If you give me correct answer this general accounting question I will give you helpful rate
A: Step 1: Define Net IncomeNet Income is the total profit a company earns after deducting all expenses…
Q: Question:25
A: Change in long term debt = Long term debt in 2021-Long term debt 2020Change in long term debt = 5.1…
Q: ans
A: Step 1: Definition of Gross ProfitGross profit is the difference between total sales revenue and the…
Q: Arlington Corp
A: Step-by-Step Solution to Calculate Capital Gains on Arlington Corp. Investment Understanding the…
Q: I want to this question answer general Accounting
A: Step 1: Define Cost of Goods Sold (COGS)Cost of Goods Sold (COGS) refers to the direct costs…
Q: KM Corp. constructed a warehouse at a cost of $32,500,000. Actual interest incurred was $1,250,000,…
A: Explanation of Capitalized Cost:The Capitalized Cost is the total cost of acquiring and preparing an…
Q: Need correct answer financial accounting question
A: Step 1: Define Return on Assets (ROA) and Return on Equity (ROE)Return on Assets (ROA): ROA measures…
Q: Hii ticher please given answer general accounting
A: Step 1: Define Accounts ReceivableAccounts Receivable represents the amount of money owed to a…
Q: None
A: Step 1: Definition of Selling Price with MarkupThe selling price with a markup is determined by…
Q: Don't use ai given answer general accounting questions
A: Step 1: Definition of Lease LiabilityLease liability represents the obligation to make future lease…
Q: Daisy Inc., wants to make a profit of $25,000. It has variable costs of $80 per unit and fixed costs…
A: To determine the selling price per unit, we use the break-even and profit formula:Total…
Q: financial account
A: Step 1: Definition of Gross Profit Margin (GPM%) and Markup on Cost PercentageMark-up is the cost…
Q: General accounting
A: Step 1: Analysis of information givenNet income = $105 millionDividends = $36 millionOther…
Q: Bluesy Electronics recorded the following financial data please answer the financial accounting…
A: Step 1:Gross Margin Return on Investment (GMROI) is the ratio of Gross Margin to the Average…
Q: Quick answer of this accounting questions
A: Step 1: Definition of Accounts Receivable Turnover RatioThe accounts receivable turnover ratio…
Q: Answer this general Accounting Question
A: Concept of Trade Discount TermsTrade discount terms define the conditions under which a buyer can…
Q: Fantom Enterprises sells on terms of 3/12, net 40. Gross sales last year were $520,000, and accounts…
A: Explanation of Sales Net of Cash Discounts Taken:Sales net of cash discounts taken refer to the…
Q: Which direction did it change
A: Concept of Assets: Assets are the resources owned or controlled by a company that have measurable…
Q: What is the value of the current liabilities?
A: Explanation of Net Working Capital (NWC):Net Working Capital (NWC) is the difference between a…
Q: Adjusting Entries for Deferrals: Unearned Revenues: TeamSnap - Knowledge Check Knowledge Check…
A: 1)• TeamSnap is built for the administration and coordination of sports teams, leagues, and clubs.…
Help


Step by step
Solved in 2 steps with 1 images

- What is the break even sales? ?A company has fixed costs of $320,000 and a contribution margin per unit of $15. If the company wants to earn income of $40,000, how many units must be sold?Currently, a company has fixed costs of P32,500, a contribution ratio of 65%, and is selling its product for P12 per unit. If the sales price per unit is increased by P4, how much less will the break-even point in sales be when compared to the current condition? a.P14,411 b.P13,414 c.P17,500 d.P 5,932
- A company has total fixed costs of $240,000 and a contribution margin ratio of 20%. The total sales necessary to break even are Group of answer choices $1,200,000. $288,000. $960,000. $300,000.What is the contribution margin ratio for yountz company?How do you solve for contribution margin? For general accounting question