Quality Car Wash has fixed costs per month of ($16,800,) and variable costs are 20% of sales.

Question:

Quality Car Wash has fixed costs per month of $$16,800,$ and variable costs are 20% of sales. The average amount collected per car washed during the past year has been $$5.$ How many cars must be washed per month to break even?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Managerial Accounting For Undergraduates

ISBN: 9781618531124

1st Edition

Authors: Christensen, Theodore E. Hobson, L. Scott Wallace, James S.

See More Books

Question Posted: May 17, 2024 02:02 AM

See More Questions

1.A firm manufactures a product that sells for $22 per unit. Variable cost per unit is $9 and fixed cost per period is $1560. Capacity per period is 1400 units. (a) Develop an algebraic statement for...
Cost- Volume- Profit- Analysis and Break-Even 1. A firm manufactures a product that sells for $1515 per unit. Variable cost per unit is $5 and fixed cost per period is $1500. Capacity per period is...
Question: What as the average weekly safety inventory level of refined sugar from the beginning January 2022 to the end of July 2022? A. 512,465.9691 metric tons per week B. 316,002.1474 metric tons...
An analyst predicted the following: 1. Sales of $1,276 million. 2. Core profit margin of 5 percent. 3. Asset turnover of 2.2. 4. Core other operating income and unusual items are zero. The firm's...
Assuming a daily stock volatility of 1 percent and uncorrelated returns, compute the volatility of holding the original position over 10 days. Then compare the volatility of the three strategies in...
Recall the definition of value of information in Section 16.6. a. Prove that the value of information is nonnegative and order independent. b. Explain why it is that some people would prefer not to...
Which document is used to establish a contract for the purchase of goods or services from a supplier? a. vendor invoice c. purchase order b. purchase requisition d. disbursement voucher
Aerobatic, Inc. custom designs and manufactures light aircraft. The activities involved in this process are summarized in the following table. a. Draw the activity network for this problem. b. Create...
Recall that the complement of an event A is the event consisting of all outcomes that are not in A. In application, either event A or its complement, denoted AC must occur. This leads to the equation...
You have graphed the cost-volume-profit relationships for a company on a break-even chart after being informed of certain assumptions. Explain how the lines on the chart would change if (a) fixed...
Patricks Bakery Shop has fixed costs per month of $3,600, and variable costs are 55% of sales. What amount of monthly sales allows the shop to break even?
What is a not-for-profit organization? If their objective is not to make a profit, what is it? Why is a traditional income statement not appropriate for a not-for-profit organization?
Discuss how Novagold hedges against foreign currency and interest rate risks. Please use the Annual Report 2019 to discuss as well. Detailed answers must be atleast two paragraphs for explanation.
1A) Can an area be considered an "edge city" if it is actually part of and governed by the same city? 1B) Does the southern part of Sioux Falls meets the description of a potential edge city? provide...
CUSTOM ORDER: Please advise if it should be accepted. MBL has been approached by an important customer who would like to have custom limited-edition beer produced and bottled for the customer's...
SafeCo, a country Z corporation, has sales subsidiaries throughout Europe and Asia. SafeCo sells in the United States through its employee, Tom Johnson, who works out of his home but meets with sales...
Understand the concept of relevant revenues and costs. What makes a revenue or cost relevant? a. future costs b. revenues that differ among alternitives 2. Know and understand the following terms:...
The isoprenoid compound shown is a scent marker present in the urine of the red fox. Suggest a reasonable synthesis for this substance from 3-methyl-3-buten-1-ol and any necessary organic or...
The Pletcher Transportation Company uses a responsibility reporting system to measure the performance of its three investment centers: Planes, Taxis, and Limos. Segment performance is measured using...
Manufacturing overhead is charged to three operating divisions on the basis of capital investment in the three divisions. If the investment is $5.4 million in the Eastern Division, $9.8 million in...
The advent of coronavirus pandemic triggers a global economic crisis in 2020, including an economic recession lasting many weeks or months in many countries?As a financial manager proffers global...
Let p be the average fraction of "grade A" items produced by a certain company. In the past, p has been about 0.62. Of the remaining 38 percent, 3 percent were scrap and 35 percent were "seconds."A...

Quality Car Wash has fixed costs per month of ($16,800,) and variable costs are 20% of sales.

Question:

Step by Step Answer:

Managerial Accounting For Undergraduates

Students also viewed these Business questions