Alcott Company has a contribution margin of 25%.The company desires to earn a profit of $50,000.The company

Fantastic news! We've Found the answer you've been seeking!

Question:

Alcott Company has a contribution margin of 25%.The company desires to earn a profit of $50,000.The company has fixed costs of $120,000.What sales revenue would the company have to have in order to earn the desired profit?

Posted Date: Jun 13, 2024 11:55 PM

See More Questions

Xr11-32 The owner of a public golf course is concerned about slow play, which clogs the course and results in selling fewer rounds. She believes the problem lies in the amount of time taken to sink...
The following changes took place during the year in Pavolik Companys balance sheet accounts: Long-term investments that had cost the company $6 were sold during the year for $ 16, and land that had...
40.) The demand for recreational real estate is increased by all of the following, except an: Group of answer choices a) upswing in the business cycle b) increase in the cost of building c) improved...
Creed Inc. has just paid a dividend of $5 on its stock. The growth rate in dividends is expected to remain constant at 8% per year, forever. Investors require an 18% return on the stocks for the next...
Wally Co. reported the following financial data for its most current year: Compute Wally's end-of-year total stockholders' equity. Beginning-of-year common stock.. Beginning-of-year retained earnings...
The following data (and annotations) are related to the June 2016 charges appearing in the work in process account for Sutter Companys first processing department:: Sutter uses the FIFO method....
Let X 1 ,,X n be a random sample from a Poisson() distribution. a. Find the likelihood equation, L(x 1 ,,x n ;), using as the PMF. b. Find the log likelihood function and use that to obtain the MLE...
Consider $n$ independent random variables $U_{1}, U_{2}, \ldots, U_{n}$, each of which obeys a Cauchy density function, \[ p_{U}(u)=\frac{1}{\pi \beta\left[1+\left(\frac{u}{\beta} ight)^{2}...
Find the area to the right of 46.979 under the chi-square distribution with 30 degrees of freedom.
2. Problem 8.02 (Portfolio Beta) eBook An individual has $45,000 invested in a stock with a beta of 0.8 and another $70,000 invested in a stock with a beta of 2.2. If these are the only two...

Alcott Company has a contribution margin of 25%.The company desires to earn a profit of $50,000.The company

Question:

Expert Answer:

Students also viewed these accounting questions