Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Aug 07, 2024

A company has total fixed costs of $187000 and a contribution margin ratio of 40%. How much sales are necessary to break even? $392700 $467500

A company has total fixed costs of $187000 and a contribution margin ratio of 40%. How much sales are necessary to break even?

$392700

$467500

$74800

$112200

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

Accounting For Managers And Entrepreneurs

Authors: Charles T. Horngren

9th Edition

1323167897, 9781323167892

More Books

Students also viewed these Accounting questions

Question

★★★★★

Explain why a none quilibrium test rather than an equilibrium test is needed to detetmine the storage coefficient of an aquifer.

Answered: 1 week ago

Question

★★★★★

6. You are a shareholder in a C corporation. The corporation earns $2.00 per share before taxes. Once it has paid taxes it will distribute the rest of its earnings to you as a dividend. Assume the...

Answered: 1 week ago

Question

★★★★★

Discuss the importance of mixed methods in educational and psychological research.

Answered: 1 week ago

Question

★★★★★

The following are selected transactions that may affect stockholders?? equity.1. Recorded accrued interest earned on a note receivable.2. Declared and distributed a stock split.3. Declared a cash...

Answered: 1 week ago

Question

★★★★★

Required information (The following information applies to the questions displayed below.) Nicole's Getaway Spa (NGS) purchased a hydrotherapy tub system to add to the wellness programs at NGS. The...

Answered: 1 week ago

Question

★★★★★

ces Northwood Company manufactures basketballs. The company has a ball that sells for $25. At present, the ball is manufactured in a small plant that relies heavily on direct labor workers. Thus,...

Answered: 1 week ago

Question

★★★★★

1: Conflicts can arise between shareholders and bondholders. Outline and evaluate the causes of conflict that might arise and suggest possible solutions. Question 2: Some analysts believe that...

Answered: 1 week ago

Question

★★★★★

Ms. Marcy Van Horne's salary for 2021 is $126,000. Other Information: 1. Ms. Van Horne received a performance bonus of $25,000, one-half of which was paid in 2021, with the remaining one-half not due...

Answered: 1 week ago

Question

★★★★★

1.1 Cascade Peaks Construction: Bathroom Given the information in the scenario: i. Identify the non-conforming construction method ii. Briefly explain why the drawings do not conform to NCC's...

Answered: 1 week ago

Question

★★★★★

A rocket is launched from the ground and travels in a straight path. The angle of inclination of the rocket's path is 1.35 radians. (That is, the rocket's path and the ground form an angle measuring...

Answered: 1 week ago

Question

★★★★★

Suppose we have a uniform beam that is 60 centimetres long, and is simply supported at both ends. If the beam has a load of f(x) = 11 N/m applied to it, and has a flexural rigidity of 10,000 Nm,...

Answered: 1 week ago

Question

★★★★★

4. The owner has heard from some of his colleagues about the use of competencies. He wants to know what they are and if these should be incorporated into the job descriptions he requires agency that...

Answered: 1 week ago

Question

★★★★★

3. Develop a sample job description for the position of administrative assistant for the owner and explain why you included the various sections that you did. agency that has an established presence...

Answered: 1 week ago

Question

★★★★★

5.1 Define human resources planning (HRP) and discuss its strategic importance.

Answered: 1 week ago

Previous Question Next Question