Need Help If your estimate is that Galaxy Electronics is going to sell6,500 units at $25 per piece and each item costs $8, yourestimated cost of goods sold in dollars would be:A. $48,500B. $52,000C. $65,000D. None of the above

Step 1: Recall the basic Cost of Goods sold formula.= cost per unit x units sold Step 2: Solve…

Answered: If your estimate is that Galaxy…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter14: Capital Structure Management In Practice

Section14.A: Breakeven Analysis

Problem 7P

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If your estimate is that Galaxy Electronics is going to sell 6,500 units at $25 per piece and each item costs $8, your estimated cost of goods sold in dollars would be: Options-A. $48,500 B. $52,000 C. $65,000 D. None of the above
Estimate cost of goods sold in dollars would be
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Suppose Morrison Corp.’s breakeven point is revenues of $1,100,000. Fixed costs are $660,000. Q1. Compute the contribution margin percentage. Q2. Compute the selling price if variable costs are $16 per unit. Q3. Suppose 75,000 units are sold. Compute the margin of safety in units and dollars. Q4. What does this tell you about the risk of Morrison making a loss? What are the most likely reasons for this risk to increase?
Answer for this question please do provide solution as possible. Thank you so much!
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If your estimate is that Galaxy Electronics is going to sell 6,500 units at $25 per piece and each item costs $8, your estimated cost of goods sold in dollars would be: A. $48,500 B. $52,000 C. $65,000 D. None of the above