62 NUBD Co. is a convenience store that is currently open only Monday through Saturday. Itconsiders opening every Sunday. The annual incremental fixed costs of Sunday openings areestimated at P52,000. The company's contribution margin ratio is 20%. It estimates that 60% ofits Sunday sales to customers would be made on other days if the store were not open duringSundays. How much additional weekly sales would be necessary for NUBD Co. to attain anincrease of P2,500 in weekly operating profit by opening every Sunday? *Sample format: 11,111

Annual incremental fixed costs P52,000 Required increase in weekly operating profit P2,500…

Answered: w much additional weekly sales would be…

Business

Accounting

w much additional weekly sales would be necessary

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Concept explainers

Market Efficiency

Market efficiency refers to the market's ability to provide investors with all available information about investment options for buying and selling securities. Market efficiency reflects the true value of securities without undervaluing or overvaluing them. When the quality and quantity of information increase, the market becomes more efficient, allowing it to reduce arbitrage and obtain higher market returns from investment. In a well-functioning market, everyone receives all information completely and immediately at no cost. It opens up a plethora of opportunities for investors to access various investment options.

Question

NUBD Co. is a convenience store that is currently open only Monday through Saturday. It
considers opening every Sunday. The annual incremental fixed costs of Sunday openings are
estimated at P52,000. The company's contribution margin ratio is 20%. It estimates that 60% of
its Sunday sales to customers would be made on other days if the store were not open during
Sundays. How much additional weekly sales would be necessary for NUBD Co. to attain an
increase of P2,500 in weekly operating profit by opening every Sunday? *
Sample format: 11,111

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