Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on May 23, 2022

Company X projects that it will have fixed expenses of $60,000, variable expenses of $210,000, and sales of $300,000. What is the company's break-even

Company X projects that it will have fixed expenses of $60,000, variable expenses of $210,000, and sales of $300,000. What is the company's break-even in dollar sales?

Step by Step Solution

★★★★★

3.32 Rating (155 Votes )

There are 3 Steps involved in it

Step: 1

Working Breakeven in dollar sales Fixed cost Contribution margin Sales 60000 90000 30000... 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

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

Managerial Accounting

Authors: Karen W. Braun, Wendy M. Tietz

5th edition

134128524, 978-0134128528

More Books

Students also viewed these Accounting questions

Question

★★★★★

Jabar Corporation, a C corporation, projects that it will have taxable income of $300,000 before incurring any lease expenses. Jabar's tax rate is 35 percent. Abdul, Jabar's sole shareholder, has a...

Answered: 1 week ago

Question

★★★★★

Nutt Corporation projects that it will have taxable income for the year of $400,000 before incurring any interest expense. Assume Nutt's tax rate is 35 percent. a. What is the amount of the overall...

Answered: 1 week ago

Question

★★★★★

What is the economist s solution to the shortage of human organs for transplants? Sometimes governments go beyond simply reducing the quantity produced and outlaw market transactions entirely. Each...

Answered: 1 week ago

Question

★★★★★

The supplies account had a beginning balance of $1,523. Supplies purchased during the period totaled $4,928. At the end of the period before adjustment, $382 of supplies were hand. Prepare the...

Answered: 1 week ago

Question

★★★★★

Falcon, Inc., owns a silver mine that it purchased several years ago for $925,000. The adjusted basis at the beginning of the year is $400,000. For the year, Falcon deducts depletion of $700,000...

Answered: 1 week ago

Question

★★★★★

(143) Dividend Payout The Wei Corporation expects next years net income to be $15 million. The firms debt ratio is currently 40%. Wei has $12 million of profitable investment opportunities, and it...

Answered: 1 week ago

Question

★★★★★

Ask a family member or friend (and one who knows very little about work psychology) how they would react if their manager informed them their job would require them to make more decisions on their...

Answered: 1 week ago

Question

★★★★★

The accounts in the ledger of Rapid Delivery Service contain the following balances on July 31, 2017. Instructions (a) Prepare a trial balance with the accounts arranged as illustrated in the...

Answered: 1 week ago

Question

★★★★★

Pump vs . System matching A water pump is used to transport water from a large reservoir ( 1 ) to another at a higher elevation ( 2 ) . Both are open to the atmosphere. The manufacturer's pump curve...

Answered: 1 week ago

Question

★★★★★

The City of Castletons General Fund had the following post-closing trial balance at June 30, 2022, the end of its fiscal year: Debits Credits Cash $ 265,120 Sales Taxes Receivable 11,000 Taxes...

Answered: 1 week ago

Question

★★★★★

i want the answer a,b,c pls slove it quick 1. In today's fast-paced life, where ailments are increasing and time to treat them is decreasing, people need fast access to treatment from any part of the...

Answered: 1 week ago

Question

★★★★★

huck and his employees have discussed redesigning the process to improve efficiency. Suppose they can increase the rate to 320 boxes per day. What will be their new productivity

Answered: 1 week ago

Question

★★★★★

Free-Response Questions 1. Suppose there are 100 residents on the island of Sunshine. Whenever someone purchases a palm tree to plant on the island, everyone on the island receives the same benefits...

Answered: 1 week ago

Question

★★★★★

manufacturing has its challenges, especially when the product is high production quantities at low margins. This has made quality inspection more common place in manufacturing processes. Which points...

Answered: 1 week ago

Question

★★★★★

Refer to Step 3.3. In the "Constrained" or "Long Only" version of the optimal risky portfolio, what is the portfolio standard deviation? answer as a percentage, with no percentage symbol ("%"),...

Answered: 1 week ago

Question

★★★★★

As a security operative for a Fortune 1000 company, how would I protect my organization's assets?

Answered: 1 week ago

Question

★★★★★

Formula please You believe you have discovered a new medical device. You anticipate it will take additional time to get the device fully operational. fun elinical trials, obtain FDA approval, and...

Answered: 1 week ago

Question

★★★★★

Give an example of transitory income. What effect does this income have on the marginal propensity to consume?

Answered: 1 week ago

Question

★★★★★

Maple Ridge Preschool operates a not-for-profit morning preschool that operates eight months of the year. The preschool has 165 kids enrolled in its various programs. The preschool's primary expense...

Answered: 1 week ago

Question

★★★★★

Refer to the Playmore Products Data Set. Calculate the toy action figure project's ARR. If the toy action figure project had a residual value of $175,000, would the ARR change? Explain and...

Answered: 1 week ago

Question

★★★★★

FirstServer Systems specializes in servers for work-group, e-commerce, and enterprise resource planning (ERP) applications. The company's original job cost system has two direct cost categories:...

Answered: 1 week ago

Question

★★★★★

What was the principal amount of a loan at 9 % if $67.78 of interest accrued from October 28, 2010, to April 14, 2011?

Answered: 1 week ago

Question

★★★★★

The total accrued interest owed as of August 31 on a loan advanced the preceding June 3 was $169.66. If the variable interest rate started at 8 %, rose to 9% effective July 1, and increased another ...

Answered: 1 week ago

Question

★★★★★

Penny invested $4500 on October 28 at a floating rate of interest that initially stood at 6.3%. Effective December 2, the rate dropped by 1/2 %, and then it declined another % effective February 27....

Answered: 1 week ago

Previous Question Next Question