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

Question

1 Approved Answer

ABC company had contribution margin of $600,000 and contribution margin ratio of 20%. Fixed cost are $250,000, selling price is $40. Total variable cost is:

ABC company had contribution margin of $600,000 and contribution margin ratio of 20%. Fixed cost are $250,000, selling price is $40.

Total variable cost is:

Total sales (in dollar) is:

Break even in units:

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

Funded The Entrepreneurs Guide To Raising Your First Round

Funded The Entrepreneurs Guide To Raising Your First Round

Authors: Katherine Hague

1st Edition

1491940263, 9781491940266

More Books

Students also viewed these Accounting questions

Question

★★★★★
Sales Forecast Why do you think most long-term financial planning begins with sales forecasts? Put differently, why are future sales, the key input?

Answered: 1 week ago

Question

★★★★★
Explain the arguments for and against expensing share (stock) options. AppendixLO1

Answered: 1 week ago

Question

★★★★★
1. Understand why a psychological analysis of gender-neutral and gender-specific factors is important to understand female offending behaviour

Answered: 1 week ago

Question

★★★★★
Rhodes parked his car in the self-service park-and-lock lot of Pioneer Parking Lot, Inc. The ticket that he received fromthe ticketmeter stated the following: NOTICE. THIS CONTRACT LIMITS OUR...

Answered: 1 week ago

Question

★★★★★
Show an ISR (just the ISR) in C to process an external EXT1 interrupt. The interrupt should toggle the P0.0 line. The EXT1 should be edge triggerred and low priority

Answered: 1 week ago

Question

★★★★★
The CIS Department at Tiny College maintains the Free Access to Current Technology (FACT) library of e-books. FACT is a collection of current technology e-books for use by faculty and students....

Answered: 1 week ago

Question

★★★★★
Melody Chocolate Co. completed the following transactions and uses a perpetual inventory system. June 4 Sold $600 of merchandise on credit (that had cost $400) to Rahul Vaidya, terms n/15. 5 Sold...

Answered: 1 week ago

Question

★★★★★
Dominic's Deli recently calculated its annual break-even sales revenue to be $280,000. For each dollar of sales revenue, $0.40 goes to cover variable costs. a. Compute the contribution margin ratio....

Answered: 1 week ago

Question

★★★★★
Which of the following steps is not associated with the "Silent Phase" of the Change Process? Group of answer choices Generate urgency Maintaining motivation Build coalition Create vision

Answered: 1 week ago

Question

★★★★★
As a food worker, it's your responsibility to: Select all that apply: Complete cleaning and sanitising sign-off sheets as per the Food Safety Plan Write safety data sheets Know what to clean and...

Answered: 1 week ago

Question

★★★★★
Question 1 (4 points} During a throw, a pitcher exerts a net force of 19N on a ball weighing 1.1 N. a. What is the ball's acceleration? b. The ball moves 3.3m before the pitcher releases it. With...

Answered: 1 week ago

Question

★★★★★
Lab 10: Simple Harmonic Motion Purpose/objective: In this experiment the student can observe and study the periodic motion in a plane and investigate the relation between the period of a simple...

Answered: 1 week ago

Question

★★★★★
=+1. What is the overall purpose of measurement in social media programs? Identify three ways measurement can help social media professionals.

Answered: 1 week ago

Question

★★★★★
=+3. Define the key areas highlighted in the AMEC framework. What are the main components, and what is their overall function in social media evaluation?

Answered: 1 week ago

Question

★★★★★
=+4. You are a part of a student-run agency, and you have been tasked to outline a content marketing strategy to gain awareness of your group on campus. Propose three items you want to create and...

Answered: 1 week ago

Previous Question Next Question