Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 25, 2024

Candel Gym has sales of $300,000 this month, contribution margin of $90,000, monthly fixed cost of $54,000 and profit of $36,000. What is the firms

Candel Gym has sales of $300,000 this month, contribution margin of $90,000, monthly fixed cost of $54,000 and profit of $36,000. What is the firms current margin of safety ratio to sales [ie., safety margin ratio]?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 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

Cost Accounting Theory And Practice

Authors: Bhabatosh Banerjee

13th Edition

9788120349087

More Books

Students also viewed these Accounting questions

Question

★★★★★

What is the difference between an unconditioned stimulus and a conditioned stimulus?

Answered: 1 week ago

Question

★★★★★

=+1. A profit-making business operating as a separate legal entity and in which ownership is divided into shares of stock is known as a: A. proprietorship. C. partnership. B. service business. D....

Answered: 1 week ago

Question

★★★★★

2. Ask parents for suggestions about how their childs interests could be connected to the curriculum topics.

Answered: 1 week ago

Question

★★★★★

Before the mid-1970s, systems programmers and businesspeople (including accountants) did not communicate well with one another. The programmers were criticized for using too much jargon, and the...

Answered: 1 week ago

Question

★★★★★

In knowledge generation, which of the following described examples of Adaptation? a ) COVID forced your company to go fully remote b ) Your organization asks you to spedn time with another department...

Answered: 1 week ago

Question

★★★★★

hi please help me to find the npv. thank you Your firm is considering an investment that will cost $920,000 today. The investment will produce cash flows of $450,000 in year 1, $270,000 in years 2...

Answered: 1 week ago

Question

★★★★★

Mortgage Payoff: You take out a 30-year fixed rate mortgage for a house. The amount borrowed is $300,000. The interest rate is 4% per year compounded monthly. You decide to sell the house immediately...

Answered: 1 week ago

Question

★★★★★

A community hospital system realized that approximately 2,000 patients were leaving its emergency department (ED) each year without receiving medical attention. This hospital system realized that...

Answered: 1 week ago

Question

★★★★★

Describe what a quality control activity might look like at a t-shirt manufacturing factory. (LO3.3)

Answered: 1 week ago

Question

★★★★★

Save & Exit Brandon, an individual, began business four years ago and has sold 1231 assets with $5,900 of losses within the last five years. Brandon owned each of the assets for several years. In the...

Answered: 1 week ago

Question

★★★★★

The Lim Company has a plant that manufacturers transistor radios. The production time is only a few minutes per unit. The company uses a just-in- time production system and a backflush costing system...

Answered: 1 week ago

Question

★★★★★

Choose a job that has recently been advertised in your organisation and gather as much material on it as possible. Review: job description; further particulars; person specification; selection...

Answered: 1 week ago

Question

★★★★★

Appendix A, PHR and SPHR Knowledge Base, at the end of this book (pages 580588) lists the knowledge someone studying for the HRCI certification exam needs to have in each area of human resource...

Answered: 1 week ago

Question

★★★★★

8 What are the strengths and weaknesses of the following methods: (a) interviews (b) psychometric tests (c) work- based tests?

Answered: 1 week ago

Previous Question Next Question