Sleepy Time is a retaller of luxury bed frames located In Los Angeles, California. Due to...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Sleepy Time is a retaller of luxury bed frames located In Los Angeles, California. Due to a recent Industry-wide financial crisis, the CFO of Sleepy Time fears a significant drop In the firm's upcoming Income stream. The CFO asked you to use the company financlal Information provided below. Sales price per unit $ 3,300.00 Per-unit variable costs: Invoice cost 2,550.00 Sales commissions 290.00 Total per-unit variable costs $ 2,840.00 Total annual fixed costs: Advertising $ 230,900 Rent 177,000 Salaries 385,900 Total annual fixed costs $ 793,800 The annual breakeven polnt in dollars Is: (Do not round Intermedlate calculatlons.) Multiple Cholce $5,694,653. $5,394,653. $4.994.653. $5.494,653. $5,194,653. Sleepy Time is a retaller of luxury bed frames located In Los Angeles, California. Due to a recent Industry-wide financial crisis, the CFO of Sleepy Time fears a significant drop In the firm's upcoming Income stream. The CFO asked you to use the company financlal Information provided below. Sales price per unit $ 3,300.00 Per-unit variable costs: Invoice cost 2,550.00 Sales commissions 290.00 Total per-unit variable costs $ 2,840.00 Total annual fixed costs: Advertising $ 230,900 Rent 177,000 Salaries 385,900 Total annual fixed costs $ 793,800 The annual breakeven polnt in dollars Is: (Do not round Intermedlate calculatlons.) Multiple Cholce $5,694,653. $5,394,653. $4.994.653. $5.494,653. $5,194,653.
Expert Answer:
Related Book For
Posted Date:
Students also viewed these accounting questions
-
Excelsior Company has three salespersons. Average sales price per unit sold, average variable manufacturing costs per unit, and number of units sold for each salesperson are shown below. Commissions...
-
Fixed costs per annum P60 000 Unit selling price 20 Unit variable cost 10 Relevant range 4 00012 000 units REQUIRED: Calculate the following: a. Break-Even Point in b. Units to be sold to obtain the...
-
Multiple Choice Questions: 1. Total fixed costs a. Do not vary with the level of output. b. Cannot be avoided in the short run without going out of business. c. do not exist in the long run. d. Are...
-
At December 31, 2016, Pioneer Corporation reported the stockholders' equity accounts shown here (with dollar amounts in millions, except per-share amounts). Common stock $3.00 par value per share, 22...
-
Opus, Incorporated, owns 90 percent of Bloom Company. On December 31, 2010, Opus acquires half of Blooms $500,000 outstanding bonds. These bonds had been sold on the open market on January 1, 2008,...
-
The owners of a certain house had listed it for rental with Gatewood Realty, Inc. Ira Simonoff, a Gatewood broker, showed the house to brothers Jonathan and Robert Scott, who offered to rent the...
-
Which of the following matches is performed in evaluated receipt settlement (ERS)? a. the vendor invoice with the receiving report b. the purchase order with the receiving report c. the vendor...
-
At the end of 2007, Fulhage Company reported taxable income of $9,000 and pretax financial income of $10,600. The difference is due to depreciation for tax purposes in excess of depreciation for...
-
class Person: def __init__(self, name, age):
-
You have been assigned the task of putting together a statement for the ACME Company that shows its expected inflows and outflows of cash over the months of July 2013 through December 2013. You have...
-
1. To determine the proportion of voters who favor a certain candidate for governor, the campaign staff phones 2500 residents of the state chosen from the state property tax rolls. The 2500 residents...
-
Three takeaways from the video with descriptions and a explanation of anything that is found surprising. https://www.youtube.com/watch?v=-13ovDDq8jw
-
In 1938 when the Fair Labor Standards Act (FLSA) was passed, a federal minimum wage was set at $0.25/hour. If you consider for inflation, that would be a rate of $4.66 per hour in 2021. The current...
-
An oligopoly of the Korean cinema industry ranging from production and investment to distribution and theaters was formed by a few players such as CJ Entertainment, Showbox Inc, and Lotte Cinema...
-
Q-6) You use the constant growth model to value RGB. Q-7) You use Price-to-carnings multiple. Q-8) You use Price-to-cash flow multiple. RGB Inc. has reported its audited financial statements for the...
-
Program Behavior: Your program annouces what it does and then prompts for input and output file names. You may assume the user will type the name of an existing input file that is in the proper...
-
Bonus shares can be issued out of revenue reserves. True/False?
-
When a TV company chooses a pay-per-view scheme to pay for programming, which of the following statements is true? Explain. a. The outcome is socially efficient. b. The programs selected will...
-
Suppose the economy is initially in long-run equilibrium and experiences a favorable inflation shock. a. Explain how the AS curve is affected in the short run. b. Use your result for part a along...
-
Arjay plans to sell a bond that matures in one year and has a principal value of $1,000. Can he expect to receive $1,000 in the bond market for the bond? Explain.
-
Gaston Manufacturing, Inc., operates a plant that produces its own regionally marketed Spicy Steak Sauce. The sauce is produced in two processes, blending and bottling. In the Blending Department,...
-
Commodore Company processes a food seasoning powder through its Compounding and Packaging departments. In the Compounding Department, direct materials are added at the beginning of the process, and...
-
Reston Manufacturing Corporation produces a cosmetic product in three consecutive processes. The costs of Department 1 for May 2019 were as follows: Department 1 handled the following units during...
Study smarter with the SolutionInn App