Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on May 29, 2024

5 Last month Carlos Company had a $25,940 profit on sales of $349,700. Fixed costs are $44,000 a month. What sales revenue is needed

5 Last month Carlos Company had a $25,940 profit on sales of $349,700. Fixed costs are $44,000 a month. What sales revenue is needed for Carlos to break even?

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

Financial Reporting & Analysis Using Financial Accounting Information

Authors: Charles H. Gibson

11th edition

324657420, 978-0324657425

More Books

Students also viewed these Accounting questions

Question

★★★★★

The per-unit cost of an item is its average total cost (5 total cost/quantity). Suppose that a new cell phone application costs $100,000 to develop and only $.50 per unit to deliver to each cell...

Answered: 1 week ago

Question

★★★★★

In a 1911, Ernest Rutherford modeled an atom as being a point of positive charge Ze surrounded by a negative charge - Ze uniformly distributed in a sphere of radius R centered on the point. At...

Answered: 1 week ago

Question

★★★★★

The data in the table below represent warehouse club and superstore sales in the eastern and central United States on a monthly basis. The data are in millions of dollars. (c3p12) Date Sales Date...

Answered: 1 week ago

Question

★★★★★

Vocabulary People who read extensively and have large vocabularies are usually highly successful in their careers. What do you think explains this? Are you interested in building your v ocabulary? E...

Answered: 1 week ago

Question

★★★★★

Brett Graham has been working on Hiltech's activity-based cost implementation team. One of his assignments is to study the information services department. One activity cost pool in the department is...

Answered: 1 week ago

Question

★★★★★

The Wall Street Journal reported that yesterday, Dow Chemical Co. closed at $62 per share. Based on the last 12 months, Dow had a P/E ratio of 11 and a dividend per share of $1.40. Earnings are...

Answered: 1 week ago

Question

★★★★★

Write a C program to find the area of a triangle. Use b (base) = 10.5 and h (height) = 4.8; write out base, height and area in the output. (using printf)

Answered: 1 week ago

Question

★★★★★

Control: On a monthly basis, each component controller performs a comparison of operating results to budget amounts for their respective component. Variances in excess of US$25,000 are investigated....

Answered: 1 week ago

Question

★★★★★

12. Prepare a Double Column Cash Book from the following with Cash & Bank Column. 2022 Jan. 1 Jan. 4 Balance in hand 6,000 and overdraft at Bank 7,000 Received a cheque from Avinash and Co. for goods...

Answered: 1 week ago

Question

★★★★★

A dog training business began on December 1. The following transactions occurred during its first month. December 1 Receives $33,000 cash as an owner investment in exchange for common stock. December...

Answered: 1 week ago

Question

★★★★★

15) If Cost of Goods Sold is $250,000, beginning inventory is $29,000, and ending inventory is $36,000, then the purchases from suppliers (assume all on account) would be: A) $257,000. B) $315,000....

Answered: 1 week ago

Question

★★★★★

Some schools of thought distinguish between the decision process (that is, the techniques and methods used to make decisions) and the decision outcome. Discuss why this distinction is important and...

Answered: 1 week ago

Question

★★★★★

An investment project costs $19,300 and has annual cash flows of $4,200 for six years. a. What is the discounted payback period if the discount rate is zero percent? b. What is the discounted payback...

Answered: 1 week ago

Question

★★★★★

The test statistic in the NeymanPearson Lemma and the likelihood ratio test statistic K are intimately related. Consider testing H 0 : = 0 versus H a : = a , and let * denote the test statistic...

Answered: 1 week ago

Question

★★★★★

Identify three actual businesses that offer services and three actual businesses that offer products. 6- Q Describe the internal role of accounting for organizations.

Answered: 1 week ago

Question

★★★★★

0 What information is reported in a balance sheet?

Answered: 1 week ago

Question

★★★★★

Identify the following users as either external users (E) or internal users (I). a. Customers b. Suppliers c. Brokers d. Business press e. Managers f. District attorney g. Shareholders h. Lenders i....

Answered: 1 week ago

Previous Question Next Question