FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A Company has the following data for its three stores last year: A B C Contribution margin ratio ? 25% 25% Contribution margin ? $150,250

A Company has the following data for its three stores last year: A B C Contribution margin ratio ? 25% 25% Contribution margin ? $150,250 ? Variable expenses $252,000 ? $189,750 Variable exp as a % of sales 60%? ? Given the above data, the total company sales were?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image

Step: 3

blur-text-image

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

Ministers Tax And Financial Guide

Ministers Tax And Financial Guide

Authors: Dan Busby, Michael Martin

2020 Edition

0310588790, 978-0310588795

More Books

Students also viewed these Accounting questions

Question

★★★★★
A lossy capacitor C 1 behave as though is had a resistance R 1 in parallel with it. Using the bridge circuit shown in figure, a balance is obtained at 150 Hz when R 3 = R 4 = 500?, C 2 = 1 ?F, R 2 =...

Answered: 1 week ago

Question

★★★★★
If the company is presently selling 40,000 units but plans to spend an additional 40,000 on fixed cost, how many additional units must the company sell to breakeven

Answered: 1 week ago

Question

★★★★★
=+ Are there competing rewards, where employees are rewarded for doing something other than the desired performance?

Answered: 1 week ago

Question

★★★★★
Smallville Bank has the following balance sheet, rates earned on its assets, and rates paid on its liabilities. If the bank earns $ 120,000 in noninterest income, incurs $ 80,000 in noninterest...

Answered: 1 week ago

Question

★★★★★
What is the Balance Sheet equation? What is its purpose?

Answered: 1 week ago

Question

★★★★★
show the mathmetical answer step by step please c) If m(t)=4sin(220t) is fed to DM system with step size of 0.1, find the minimum sampling frequency required to prevent slope overload

Answered: 1 week ago

Question

★★★★★
McDonald's Russia: Managing a Crisis - The McDonald's case is old, but some of the lessons about market entry and risk are relevant, especially now in the time of COVID-19 and with the invasion of...

Answered: 1 week ago

Question

★★★★★
Jan and Sue are general partners in CKY Bake Shop and share equally in profits and losses. They have no employees. They have the following income and expenses for the current tax year: Gross receipts...

Answered: 1 week ago

Question

★★★★★
A tourist named Mr. Lopez from Chile visited Arlington and bought a ticket for the Dallas Cowboys game. During his stay, he also paid for his hotel, meals, and various items from local shops, which...

Answered: 1 week ago

Question

★★★★★
Problem 3-15 (Static) Journal Entries; T-Accounts; Financial Statements [LO3-1, LO3-2, LO3-3, LO3-4] Froya Fabrikker A/S of Bergen, Norway, is a small company that manufactures specialty heavy...

Answered: 1 week ago

Question

★★★★★
Marin Inc. sells tickets for a Caribbean cruise on ShipAway Cruise Lines to Cullumber Company employees. The total cruise package price to Cullumber Company employees is $84,000. Marin Inc. receives...

Answered: 1 week ago

Question

★★★★★
=+4. What activities make up the listening process? [LO-4]

Answered: 1 week ago

Question

★★★★★
=+A project leader has made notes about covering the following items at the quarterly budget meeting. Prepare an agenda by putting these items into a logical order and rewriting them, where...

Answered: 1 week ago

Question

★★★★★
=+5. What are the six main categories of nonverbal signals? [LO-5]

Answered: 1 week ago

Previous Question Next Question