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Edison Entrepreneur Services, Inc., is a legal services firm that files the paperwork to incorporate a business. Edison charges $1, 248 for the incorporation application
Edison Entrepreneur Services, Inc., is a legal services firm that files the paperwork to incorporate a business. Edison charges $1, 248 for the incorporation application package and plans to file 1,640 applications next year. The company's projected income statement for the coming year is: Compute the contribution margin per application and calculate the break-even point in number of applications. (Round answers to 0 decimal places, e.g. 125.) Contribution margin $______________per application Break-even point______________application Calculate the contribution margin ratio and the break-even sales revenue. (Round contribution margin ratio to 2 decimal places, e.g. 15.25% and break-even sales revenue to 0 decimal places, e.g. 5,275.) Contribution margin ratio______________% Break-even sales revenue $______________
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