Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 04, 2024

20. A company has total fixed costs of $275,000 and a contribution margin ratio of 25%. What are total sales needed to break even? a.

20. A company has total fixed costs of $275,000 and a contribution margin ratio of 25%. What are total sales needed to break even? a. $68,750 b. $11,000 c. $1,100,000 d. $6,875,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Content Audits And Inventories A Handbook

Authors: Paula Ladenburg Land

1st Edition

1937434389, 978-1937434380

More Books

Students also viewed these Accounting questions

Question

★★★★★

Imagine a rope wound around the earth's equator so that it fits snugly (suppose that the earth is a sphere). How much extra rope must we add to raise the circle to a constant six feet off the ground?

Answered: 1 week ago

Question

★★★★★

The active filter in Figure P146 has a transfer function of the form Ts V2s V1s R2=R1 R2R3C1C2s2 R3C2 R2C21 R3=R1 s 1 Using R1R2R3R, develop a method of selecting values for C1, C2 and R. Then...

Answered: 1 week ago

Question

★★★★★

Many therapists favor an eclectic approach to the treatment of psychological disorders, in which they combine elements of several approaches. If you were a therapist, how could you combine elements...

Answered: 1 week ago

Question

★★★★★

Miramaar Manufacturing Co. maintains the following accounts in the general ledger: Materials, Work in Process, Factory Overhead, and Accounts Payable. On June 1, the materials account had a debit...

Answered: 1 week ago

Question

★★★★★

N.5 At 31 December 20X8 the capital structure of USB company was as follow: Ordinary shares $ 100,000 shares of 500 each 50,000 200,000 preference shares 7% of $1 each 200,000 share premium 180,000...

Answered: 1 week ago

Question

★★★★★

Firestone Pty Ltd is a new company that has been established in 2021. Below are the transactions occurred for financial year 2022. Prepare a journal entries for each transaction on behalf of...

Answered: 1 week ago

Question

★★★★★

MONARCH INSTITUTE The partners have all replied to your email approving the financial report. They have also asked to complete additional analysis of the financial data. The business would like to...

Answered: 1 week ago

Question

★★★★★

Armstrong Helmet Company Developed by Dick Wasson, Southwestern College The Business Situation Armstrong Helmet Company manufactures a unique model of bicycle helmet. The company began operations...

Answered: 1 week ago

Question

★★★★★

Go to the "Governmental Affairs" webpage on the American Counseling Association website, located in the Topic 4 Resources, to find options to advocate for the counselors and the counseling profession...

Answered: 1 week ago

Question

★★★★★

X P X10. You need to add another current so that B]; = D. A classmate suggests that you run a current through point R parallel to all the others. Could this work? lfit could: determine the direction...

Answered: 1 week ago

Question

★★★★★

Answer all . 4. The Uris & Warren Ratings Agency rates bonds on a simplified scale with just three categories: A, B, and C. The Professors Pension Fund has all its money invested in two bonds, X and...

Answered: 1 week ago

Question

★★★★★

3. Why are mobile phone users much more likely to book same-day hotel room or airline reservations? When it comes to mobile apps and gauging their impact on consumers and business, the online travel...

Answered: 1 week ago

Question

★★★★★

3. How has e-commerce transformed marketing?

Answered: 1 week ago

Question

★★★★★

2. Explain how Pandoras freemium business model works. How does the company generate revenue? Pandora is the Internets most successful subscription radio service. In May 2014, Pandora had 77 million...

Answered: 1 week ago

Previous Question Next Question