Antigonish Steel Parts produces parts for the automobile industry. The company has monthly fixed expenses of $620,000
Question:
Antigonish Steel Parts produces parts for the automobile industry. The company has monthly fixed expenses of $620,000 and a contribution margin of 75% of revenues.
Requirements
1. Compute Antigonish Steel Parts’ monthly break-even sales in dollars. Use the contribution margin ratio shortcut approach.
2. Use the contribution margin ratio to project operating income (or loss) if revenues are $500,000 and if they are $1,030,000.
3. Do the results in Requirement 2 make sense given the break-even sales you computed in Requirement 1? Explain.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Compute Antigonish Steel Parts monthly breakeven sales ...View the full answer
Answered By
John Kimani
Expertise and Knowledge: As a tutor, it is important to have expertise and knowledge in the subject(s) you are teaching. You should have a deep understanding of the material and be able to communicate it clearly and effectively to your students.
Preparation and Planning: It is important to be well-prepared and organized for each tutoring session. This includes planning ahead, setting clear objectives and goals, and ensuring that you have all necessary materials and resources at hand.
Communication Skills: Good communication skills are essential for any tutor. You need to be able to explain concepts clearly and effectively, and be able to adapt your teaching style to meet the needs of different students.
Patience and Empathy: Every student learns at their own pace, and it is important to be patient and understanding as a tutor. You should be able to empathize with your students and understand their struggles, and be able to provide positive feedback and encouragement to help them succeed.
Professionalism and Ethics: As a tutor, you should maintain a high level of professionalism and ethical conduct. This includes being punctual and reliable, maintaining confidentiality, and avoiding conflicts of interest.
0 Reviews
10+ Question Solved
Related Book For 
Managerial Accounting
ISBN: 9780135443446
4th Canadian Edition
Authors: Karen Braun, Wendy Tietz, Louis Beaubien
Question Posted:
