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

Question

1 Approved Answer

Barbara's Boutique wants to know what it takes to have $20,000 in operating income. If her selling price is $20, variable cost is $8 and

image text in transcribed

Barbara's Boutique wants to know what it takes to have $20,000 in operating income. If her selling price is $20, variable cost is $8 and fixed costs total $40,000, what must her sales revenue be in order to reach her goal? $33, 340 $150,000 $100,000 $50,000

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

Cost Accounting A Managerial Emphasis

Cost Accounting A Managerial Emphasis

Authors: Charles T. Horngren, Srikant M. Datar, Madhav V. Rajan

15th edition

978-0133428858, 133428850, 133428702, 978-0133428704

More Books

Students also viewed these Accounting questions

Question

★★★★★
Recast the Statement of Activities of the Illustrative VHWO/ONPO presented in Illustration, in a columnar format. Use one column for changes in each class of net assets and a totalcolumn. llustrative...

Answered: 1 week ago

Question

★★★★★
Two dice are tossed. How many simple events are in the sample space S?

Answered: 1 week ago

Question

★★★★★
Do organizations have ethics? Why or why not?

Answered: 1 week ago

Question

★★★★★
Presented here are the comparative balance sheets of Hames, Inc., at December 31, 2011 and 2010. Sales for the year ended December 31, 2011, totaled $580,000. Required: a. Calculate ROI for 2011....

Answered: 1 week ago

Question

★★★★★
Answer the following as true or false: An example of an accrued expense is wages payable. The equality of debits and credits in an adjusted trial balance means that all entries were correctly posted...

Answered: 1 week ago

Question

★★★★★
The table below shows the year open and year closing price of the S&P 500 Stock Index from 2005 to 2020: Year Year Open Year Close Annual Percent Change 2005 $ 1,202.08 $ 1,248.29 2006 $ 1,268.08 $...

Answered: 1 week ago

Question

★★★★★
Below are the transactions for Button Sewing Shop for March, the first month of operations. March 1 Issue common stock in exchange for cash of $2,600. March 3 March 5 March 7 Purchase sewing...

Answered: 1 week ago

Question

★★★★★
What idea justifies employers being conscious of employees working too many long hours? a.) Employees working long hours can be counterproductive to a firm. b.) Constant disengagement by employees...

Answered: 1 week ago

Question

★★★★★
CC13-1 Evaluating Profitability, Liquidity, and Solvency [LO4, L05) Looking back over the past few years, it is clear that Nicole Mackisey has accomplished a lot running her business, Nicole's...

Answered: 1 week ago

Question

★★★★★
" 2.7 HW X + es/24606/assignments/509305 Megan is an industrial engineer for Coyner Cola Company. She takes a random sample of cola cans from the production line each day to determine if the product...

Answered: 1 week ago

Question

★★★★★
I need some help with question 8 of case 1. The book tilte is: Cases in Financial Management. Authors: John S Dunkelberg and Joseph M Sulock B. (a) Suppose Studebaker's goal is to accumulate $400,000...

Answered: 1 week ago

Question

★★★★★
=+(use an imaginary phone number as your contact number and make up any other details you need for the call). As directed by your instructor, submit either a written script of the message or a...

Answered: 1 week ago

Question

★★★★★
=+influence your interpretation of spoken words? Summarize your findings in a post on your class blog or in an e-mail message to your instructor. a. Shifting ones body continuously while seated b....

Answered: 1 week ago

Question

★★★★★
=+your office at that point, and youre more than a little annoyed that your boss didnt ask you before approving the move. He has already left for the day, but you know he usually checks his voice...

Answered: 1 week ago

Previous Question Next Question