A product sells for ($ 400) per unit and its variable costs page 725 per unit are
Question:
A product sells for \(\$ 400\) per unit and its variable costs page 725 per unit are \(\$ 260\). The company's fixed costs are \(\$ 840,000\). If the company desires \(\$ 70,000\) income, what is the required dollar sales?
a. \(\$ 2,400,000\)
b. \(\$ 200,000\)
d. \(\$ 2,275,000\)
c. \(\$ 2,600,000\)
e. \(\$ 1,400,000\)
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (1 review)
c Contribution margin ratio 400 26...View the full answer
Answered By
Sandip Agarwal
I have an experience of over 4 years in tutoring. I have solved more than 2100 assignments and I am comfortable with all levels of writing and referencing.
4.70+
19+ Reviews
29+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
The most recent financial statements for Zoso, Inc., are shown here (assuming no income taxes): Income Statement Sales Costs Net income $4,800 Assets 3,440 $1,360 Total Balance Sheet $15,200 Debt...
-
In each part, solve the matrix equation for X. (a) (b) 1 [-5 -1 0 6-37 1-1 2 3 0 4 2 0 2 12 1
-
The following statements provide some insight into what may be going on in a team where the lines of communication are not supporting or facilitating the team to perform effectively. Let's look at...
-
Automobiles air bags are filled via the decomposition of sodium azide, according to the following equation: 2 NaN3 (s) 2 Na (s) +3 N2 (g) Calculate the work (in L atm) when 2.25 g of sodium azide...
-
The piston/cylinder shown in Fig P4.12 contains carbon dioxide at 50 lbf/in 2, 200 F with a volume of 5 ft3. Mass is added at such a rate that the gas compresses according to the relation PV1.2...
-
In Exercises write the expression in algebraic form. cos arcsin x-h r
-
The Forrester Company's income statement and comparative balance sheets as of December 31 of 2019 and 2018 are shown below: Cash dividends of \(\$ 31,000\) were declared and paid during 2019. Plant...
-
Many schemes for price discriminating involve some cost. For example, discount coupons take up the time and resources of both the buyer and the seller. This question considers the implications of...
-
You were recently hired as a financial analyst for JB Trailers. They are looking at the introduction of a new product and have asked you to help make the decision of whether or not to proceed. Based...
-
Refer to the information in Exercise 7-14 to complete the following requirements. Data from Exercise 7-14 Daley Company prepared the following aging of receivables analysis at December 31. a....
-
A company's estimated sales are \(\$ 300,000\) and its sales at break-even are \(\$ 180,000\). Its margin of safety in dollars is a. \(\$ 180,000\). c. \(\$ 480,000\). b. \(\$ 120,000\). d. \(\$...
-
Which of the following parties have primary signature liability? I. Maker II. Drawer III. Acceptor IV. Indorser a. I, II, and III b. I and III c. II and IV d. III and IV
-
Selected accounts with amounts omitted are as follows Work in Process Aug. 1 Balance 2 5 4 , 0 8 0 Aug. 3 1 Goods finished 1 2 3 , 9 2 0 3 1 Direct materials X 3 1 Direct labor 3 7 , 0 0 0 3 1...
-
Casey Nelson is a divisional manager for Pigeon Company. His annual pay raises are largely determined by his division s return on investment ( ROI ) , which has been above 2 4 % each of the last...
-
Darren purchased $ 2 5 0 0 0 0 in 3 6 4 - day T - bills 3 1 5 days before maturity to yield 2 . 8 6 % . After holding it for 1 2 0 days, Darren sold the T - bill for a yield of 3 . 2 5 % . a . How...
-
Paladin Furnishings generated $ 4 million in sales during 2 0 2 1 , and its year - end total assets were $ 3 . 4 million. Also, at year - end 2 0 2 1 , current liabilities were $ 5 0 0 , 0 0 0 ,...
-
The yield on the company's outstanding bonds is 7.75%, its tax rate is 25%, the next expected dividend is $0.65 a share, the dividend is expected to grow at a constant rate of 6.00% a year, the price...
-
In Appendix A, you will find a table titled 10-Year Summary of Financial and Operating Results for Home Depot. Review the various performance measures listed in the table. Choose at least one measure...
-
Suppose you won a financial literacy competition and are given FJS10000 to invest, with the condition that investment can be done either in, i) Invest in Unit trust of Fiji or Invest in Fijian...
-
Konami Code Gaming produces two types of high-end gaming controllers, one with a casing made of a polymer that looks like walnut wood and another with a casing made with a polymer that looks like red...
-
The payment of a dividend results in a decrease in stockholders equity (debit to Dividends) and a decrease in assets (credit to Cash). Because the dividend occurred after the end of the fiscal year...
-
Rocky Mountain Adhesives produces adhesives for use in construction and home repair, often known as liquid nails. It also produces specially labeled ceramic and wood adhesives. Because the processes...
-
please answer all the questionss.,.within 30 minutes. make sure the explanation and calculations are explained in very detailed manner. else leave it for other tutor otherwise i will give negative...
-
Question 4 Consider a project costing S$ 4 , 0 0 0 , 0 0 0 for a machine today ( i . e . , Year 0 ) and delivering cash flow from assets of S$ 1 , 3 3 2 , 0 0 0 , S$ 9 3 2 , 0 0 0 , S$ 1 , 2 5 8 , 0...
-
Which sentences contain commonly misused verbs that are used correctly? Instruction: Choose all options that best answer the question. Answer Choices The market developments affected the company's...
Study smarter with the SolutionInn App