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

Question

1 Approved Answer

Cakes by Jacki has $144,000 of fixed costs per year. The contribution margin ratio is 59%. The sales dollars to break-even rounded to the nearest

image text in transcribed
Cakes by Jacki has $144,000 of fixed costs per year. The contribution margin ratio is 59%. The sales dollars to break-even rounded to the nearest dollar equals: Click the answer you think is right. $203,040 $244,068 $351,220 $228,960 Do you know the answer? D Read about this

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

Detecting Accounting Fraud Before Its Too Late

Detecting Accounting Fraud Before Its Too Late

Authors: Oriol Amat

1st Edition

1119566843, 9781119566847

More Books

Students also viewed these Accounting questions

Question

★★★★★
A small spherical insulator of mass 8.00 10-2 kg and charge +0.600 C is hung by a thread of negligible mass. A charge of - 0.900 C is held 0.150 m away from the sphere and directly to the right of...

Answered: 1 week ago

Question

★★★★★
A project manager discovers that his team has neglected to complete the network diagram for the project. The network diagram is shown in Figure. However, the project manager has some information...

Answered: 1 week ago

Question

★★★★★
Exude confidence, not arrogance.

Answered: 1 week ago

Question

★★★★★
At the beginning of each year, LED Lighting, Ltd.s Accounting Department must find the point at which projected sales revenue will equal total budgeted variable and fixed costs. The company produces...

Answered: 1 week ago

Question

★★★★★
Can someone please help me with my Finance class. I need to compare Amazon and Walmart A nnual Report for 2019 only. You can calculate in the numbers for all the following ratios in the data below. I...

Answered: 1 week ago

Question

★★★★★
Journal Entries for Accounts and Notes Receivable Armstrong, Inc., began business on January 1. Several transactions for the year follow: May 2 Received a $18,800, 60 day, ten percent note on account...

Answered: 1 week ago

Question

★★★★★
Question 2 Alex is currently considering to invest his money in one of the companies between Company A and Company B. The summarized final accounts of the companies for their last completed financial...

Answered: 1 week ago

Question

★★★★★
Nuk Taku Co uses Job order Costing. The following Cost Apply to the company Operations Direct Materials Used 250,000 Direct Labor 300,000 Indirect Labor 6,000 Rent Factory 60,000 Building Indirect...

Answered: 1 week ago

Question

★★★★★
On January 22, Ireland Corporation issued for cash 33,000 shares of no-par common stock at $35. On February 14, Ireland issued at par value 4,000 shares of preferred 7% stock, $50 par for cash. On...

Answered: 1 week ago

Question

★★★★★
Problem 3 Complete the following perpetual inventory form. Perpetual Inventory Total Product Name: Purchase Unit Size: Carried Forward: Date In Out 1/7 3 Balance 1/9 2 1/10 1 1/12 5 1 1/15 2

Answered: 1 week ago

Question

★★★★★
Assets Current assets Cash Marketable securities Accounts receivable Inventories Prepaid expenses Total current assets Plant and equipment (net) Intangibles Total assets Liabilities and Stockholders'...

Answered: 1 week ago

Question

★★★★★
=+5. Read the essay titled, Body Shop Animal Testing Policy Alleged a Sham (http://www.animalpeoplenews.org/94/8/body_shop.html). Then compare it with The Body Shops Web site dealing with the same...

Answered: 1 week ago

Question

★★★★★
=+ How about one you felt had acted in a hypocritical way?

Answered: 1 week ago

Question

★★★★★
=+Which of the two accounts do you believe? Does The Body Shops stance on this issue matter?

Answered: 1 week ago

Previous Question Next Question