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

Question

1 Approved Answer

Assume the following (t) sales = $200,000, (2) unit sales - 10,000, (3) the contribution margin ratio = 28%, and (4) net operating income -

image text in transcribed
Assume the following (t) sales = $200,000, (2) unit sales - 10,000, (3) the contribution margin ratio = 28%, and (4) net operating income - $10,000 Given these four assumptions, which of the following is true? Multiple Choice The total fixed expenses $46,000 O The total contribution margin = $144,000 The total variable expenses - $56,000 The break-even point is 8,864 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_2

Step: 3

blur-text-image_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

Intermediate Financial Management

Intermediate Financial Management

Authors: Eugene F. Brigham, Phillip R. Daves

11th edition

978-1111530266

More Books

Students also viewed these Accounting questions

Question

★★★★★
Quick Mail completed the following transactions during 2014: Nov. 1 Paid $ 4,500 store rent covering the three-month period ending January 31, 2015. 1 Paid $ 3,200 insurance covering the four- month...

Answered: 1 week ago

Question

★★★★★
When are data collected and recorded?

Answered: 1 week ago

Question

★★★★★
Why is standard deviation so important? Give two examples of how it might be used in an applied setting.

Answered: 1 week ago

Question

★★★★★
The Mound View Motel opened for business on May 1, 2010. Its trial balance before adjustment on May 31 is as follows In addition to those accounts listed on the trial balance, the chart of accounts...

Answered: 1 week ago

Question

★★★★★
Current Attempt in Progress The comparative statement of financial position of Ayayai Corporation as at December 31, 2023, follows: Net income of $38,000 was reported and dividends of $13,400 were...

Answered: 1 week ago

Question

★★★★★
(2 page response to the following questions). 1. Your experience evaluating situations accurately and taking effective action. 2. Your experience making clear and comprehensive reports and keeping...

Answered: 1 week ago

Question

★★★★★
2 . 1 Outline the key principles of effective negotiation skills in the context of suppliermanagement. Discuss how these principles contribute to achieving mutuallybeneficial outcomes in supplier...

Answered: 1 week ago

Question

★★★★★
firm for this operation. Fresh Made will still use its own dechaffing operation as much as possible, but it can purchase additional capacity from this outside firm for $75 per hour. Should Fresh Made...

Answered: 1 week ago

Question

★★★★★
c) Problem 3 (16 pts): On each of the cells below, draw a unique plane from the family of {111} planes and all the directions from the (I 10) family that lie in each plane. These constitute the...

Answered: 1 week ago

Question

★★★★★
10. Do the same with the file lab1.input2. Are the values set to the values that you expected? Why or why not? Did you learn anything that you didn't know about how input is interpreted?

Answered: 1 week ago

Question

★★★★★
12. Four numbers are selected from the numbers 1-12. What is the probability that more than two are divisible by 3? 13. In how many ways could a 4-member committee of Math teachers be formed from 12...

Answered: 1 week ago

Question

★★★★★
3. How can we confi rm both ourselves and others?

Answered: 1 week ago

Question

★★★★★
1. Think about the most effective work climate youve ever experienced. Describe the communication in that climate. How does the communication in that situation refl ect the skills and principles...

Answered: 1 week ago

Question

★★★★★
2. In what ways can confl ict enrich relationships?

Answered: 1 week ago

Previous Question Next Question