Nexus Corporation's break-even point in sales is $1,200,000, and its variable expenses are 60% of sales. If the company lost $75,000 last year, sales must have amounted to: a. $1,125,000 b. $1,012,500 c. $950,000 d. $875,000

Nexus Corporation's break-even point in sales is $1,200,000, and its variable expenses are 60% of sales. If the company lost $75,000 last year, sales must have amounted to: a. $1,125,000 b. $1,012,500 c. $950,000 d. $875,000

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter6: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 7BE: Margin of safety Jorgensen Company has sales of 380,000,000, and the break-even point in sales...

See similar textbooks

Related questions

Q: Solve this Accounting MCQ

A: Explanation of Debt-to-Equity Ratio:The debt-to-equity ratio is a financial metric that compares a…

Q: Financial Accounting

A: To calculate the absorption costing unit product cost, we include all variable costs related to…

Q: Financial Accounting

A: Explanation for a: The amount of retained earnings at the end of 2024 will be calculated as shown…

Q: Correct answer please

A: Explanation of Debt-to-Equity Ratio:The debt-to-equity ratio is a financial metric used to measure…

Q: General Accounting

A: Step 1: Define Variable Expenses per UnitVariable Expenses per Unit refers to the cost that changes…

Q: Get correct solution for this financial accounting question please answer

A: To compute the net income using the accrual basis, we need to follow these steps:Sales on Credit =…

Q: Provide solution this general accounting question

A: Step 1: Analysis of information givenBeginning Work in Process = $72,000Ending Work in Process =…

Q: ?!!!

A: The Price-Earnings (P/E) ratio is a commonly used metric to evaluate a company's stock price…

Q: Glendale Manufacturing has a profit margin of 6%, a 40% dividend payout ratio, a total asset…

A: The sustainable growth rate (SGR) measures how fast a company can grow its sales, earnings, and…

Q: Financial Accounting MCQ

A: Explanation of Earnings Per Share (EPS):Earnings Per Share (EPS) is a financial metric used to…

Q: Account

A: Gross profit is calculated as revenue minus the cost of goods sold (COGS) and does not take into…

Q: MCQ

A: Explanation of Closing Entries:Closing entries are journal entries made at the end of an accounting…

Q: Need help this question

A: To determine Inspirational Corp.'s net income (or loss) for 2018, we need to calculate the change in…

Q: Kindly help me with accounting questions

A: To calculate Maple Company's ending accounts receivable, we use the following formula: Ending…

Q: Don't use ai given answer accounting questions

A: Step 1: Definition of Labor Cost as a Percentage of Sales RevenueThe labor cost as a percentage of…

Q: Accounting problem 5.1

A: Divide the total liabilities by the total equity to get the debt-to-equity ratio.Debt-to-equity…

Q: What is the total after tax cash flow that will result from selling this asset on these financial…

A: Step 1: Define After-Tax Cash Flow from Asset DisposalThe after-tax cash flow from selling an asset…

Q: Hello tutor solve this question is accounting

A: Step 1: Define Net Profit MarginThe net profit margin expresses the percentage of sales that have…

Q: RK Co. sells snowboards. Each snowboard requires direct materials for $140, direct labor for $55,…

A: Concept of Direct Costs (Materials and Labor):Direct costs are expenses that can be directly traced…

Q: Kindly help me with accounting questions

A: Calculation of the Cost of the New Equipment to be recordedCost of the New Equipment to be recorded…

Q: Kindly help me with accounting questions

A: To calculate the Cost of Goods Sold (COGS), we can use the following formula: COGS = Beginning…

Q: What is its DOL ?

A: Fixed Costs = $780,000Depreciation = $380,000Operating Profit (EBIT) = $405,000Step 1: Calculate the…

Q: How much was Miller's net income for the year?

A: To determine Miller's net income for the year, we can use the accounting equation and equity…

Q: Which of the following choice is the correct status of manufacturing overhead at year end ?.

A: To determine the status of manufacturing overhead, we need to calculate the applied overhead and…

Q: What is the purpose of closing entries?

A: Closing entries are used at the end of an accounting period to clear the balances of temporary…

Q: General accounting

A: The relative P/E ratio is a measure that compares a company's price-to-earnings (P/E) ratio to a…

Q: What is it's net income for this financial accounting question?

A: Step 1: Define Return on Equity (ROE)Return on Equity (ROE) is a financial metric that measures a…

Q: Its gross margin ratio?

A: To calculate the gross margin ratio, use the formula: Gross Margin Ratio = (Net Sales - Cost of…

Q: A company has a $1,000,000 bond issue outstanding with unamortized premium of $10,000 and…

A: Concept of Bond Issue Outstanding: The bond issue outstanding refers to the principal amount of…

Q: Ans plz general accounting

A: To solve for the total assets turnover and equity multiplier, we can use the following formulas: a)…

Q: Provide answer

A: Explanation of Net Sales: Net sales represents the total amount of revenue generated by 7D Company…

Q: Tutor Provide This Answer

A: Explanation of Flexible Budget:A flexible budget is a financial plan that adjusts to changes in…

Q: Please give me answer general accounting question

A: Step 1: Definition of Allowance for Doubtful AccountsThe Allowance for Doubtful Accounts is a…

Q: Please provide solution this general accounting question

A: Step 1: Define Principal Residence Gain ExclusionThe IRS allows a taxpayer to exclude up to $250,000…

Q: I need step by step solution accounting

A: Step 1: Definition of P/E Ratio Based on Cost of EquityWhen a company earns only the cost of capital…

Q: Need help with this general accounting question not use ai please don't

A: Step 1: Define Actual Cost per YardActual Cost per Yard refers to the total cost incurred for…

Q: Gale Corporation owns 15% of the common stock of Troy Enterprises and uses the fair-value method to…

A: Under the fair-value method, Gale Corporation recognizes income based on its share of Troy…

Q: The predetermined overhead rate must have been

A: Explanation of Predetermined Overhead Rate:The predetermined overhead rate is a calculated value…

Q: Eagle corporation has the following financial data?

A: To calculate the Price-Earnings (P/E) ratio, the formula is:P/E Ratio=Earnings per Share (EPS)Price…

Q: Can you help me with accounting questions

A: Given:Total employees = 85Employees in division X = 45Employees in division Y = 40Fringe benefits =…

Q: Financial Accounting

A: To calculate the company's cost of equity, we can use the Capital Asset Pricing Model (CAPM)…

Q: How much was Brighton's net income in 2025 on these financial accounting question?

A: Step 1: Determine the change in stockholders' equityEnding Stockholders' Equity: $24,000Beginning…

Q: Ans

A: Step 1: Definition of Effect of Net Income on the Accounting EquationThe main objective of every…

Q: What is the operating income using variable costing on these general accounting question?

A: Step 1: Define Variable Costing Operating IncomeVariable Costing Operating Income is the profit…

Q: Financial accounting question

A: Step 1: Define Gross ProfitGross profit is computed by reducing revenue from the cost of goods sold…

Q: What is the amount of the shareholders equity?

A: Step 1: Definition of Shareholders' EquityShareholders' equity represents the residual interest in a…

Q: Genral account

A: Step 1: Analysis of information givenThe actual data (actual direct labor hours or actual overhead…

Q: Financial Accounting

A: Step 1: Define Income Tax in Capital BudgetingIn most capital budgeting decisions, the cash income…

Q: The appraised value of the assets are?

A: Explanation of Lump-Sum Purchase Allocation:Lump-sum purchase allocation is the process of…

Q: Hii expert please given correct answer general Accounting question

A: As per CAPM, Company A required return = Risk-free Rate + Beta*Market Risk Premium13% =…

Question

Don't use ai given answer accounting questions

Nexus Corporation's break-even point in sales is $1,200,000, and its variable
expenses are 60% of sales. If the company lost $75,000 last year, sales must
have amounted to:
a. $1,125,000
b. $1,012,500
c. $950,000
d. $875,000

Definition Definition Structural system an enterprise uses to collect, store, report, retrieve, and process financial data. Accounting information systems are used by business analysts, auditors, accountants, and consultants for accurate and efficient access to financial data.

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step by step

Solved in 2 steps with 1 images

SEE SOLUTION Check out a sample Q&A here

Similar questions

Strickler Technology is considering changes in its working capital policies to improve its cash flow cycle. Stricklers sales last year were 3,250,000 (all on credit), and its net profit margin was 7%. Its inventory turnover was 6.0 times during the year, and its DSO was 41 days. Its annual cost of goods sold was 1,800,000. The firm had fixed assets totaling 535,000. Stricklers payables deferral period is 45 days. a. Calculate Stricklers cash conversion cycle. b. Assuming Strickler holds negligible amounts of cash and marketable securities, calculate its total assets turnover and ROA. c. Suppose Stricklers managers believe the annual inventory turnover can be raised to 9 times without affecting sale or profit margins. What would Stricklers cash conversion cycle, total assets turnover, and ROA have been if the inventory turnover had been 9 for the year?
67) Sabv Corporation's break-even-point in salesis $675,000, and its variable expen ses are 75% of sales. If the company lost $24,000 last year, sales must have amounted to: A) $651,000 B) $579,000 C) $603,000 D) $471,000 Answer: B
KR Corporation's break-even-point in sales is Rs. 900,000, and its variable expenses are 75% of sales. If the company lost Rs. 32,000 last year, sales must have amounted to:
Solen Corporation's break-even-point in sales is $850,000, and its variable expenses are 80% of sales. If the company lost $35,000 last year, sales must have amounted to: $815,000 S780,000 $675,000 $645,000
Sabv Corporation's break-even-point in sales is $800,000, and its variable expenses are 70% of sales. If the company lost $30,000 last year, sales must have amounted to: Multiple Choice $770,000 $740,000 $700,000 $530,000
General accounting
? Solve the problem
Margin of Safety Quick Inc. has sales of $36,400,000, and the break-even point in sales dollars is $24,024,000. Determine the company's margin of safety as a percent of current sales. Enter your answer as a whole number. %
Please provide accounting
The Spector Company has sales of $830,000, and the break-even point in sales dollars is $547,800. Determine the Spector company's margin of safety as a percent of current sales.fill in the blank 1 of 1 %
Ram Company had $1,000,000 of sales with a CM ratio of 30% and fixed expenses of $250,000 this year. Assume that the company’s sales will increase by $150,000 next year. If there is no change in fixed expenses, by how much will net operating income increase? a) 45,000 b) 60,000 c) 30,000 d) 15,000
Give me true calculation of this accounting question