Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Dec 20, 2022

From the following figures,calculate the sales required to earn a profit of $160,000 Sales=$800,000 Variable costs=$400,000 Fixed cost=$250,000

From the following figures,calculate the sales required to earn a profit of $160,000

Sales=$800,000

Variable costs=$400,000

Fixed cost=$250,000

Step by Step Solution

★★★★★

3.51 Rating (158 Votes )

There are 3 Steps involved in it

Step: 1

Solution sales required to earn a profit ... 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 Economics Theory Applications and Cases

Authors: Bruce Allen, Keith Weigelt, Neil A. Doherty, Edwin Mansfield

8th edition

978-0393124491, 393124495, 978-0039391277, 393912779, 978-0393912777

More Books

Students also viewed these Accounting questions

Question

★★★★★

To encourage its managers to earn a profit for its stockholders, Primrose Mining Company pays a bonus to top managers if the company earns at least a 15% return on investment each year. Management...

Answered: 1 week ago

Question

★★★★★

The amount of revenue required to earn a targeted profit is equal to a. fixed cost divided by contribution margin. b. fixed cost divided by contribution margin ratio. c. fixed cost plus targeted...

Answered: 1 week ago

Question

★★★★★

How do you calculate the sales required to break even or achieve a target operating income in a multiproduct setting?

Answered: 1 week ago

Question

★★★★★

1. The following are selected accounts taken from the adjusted trial balances of the Purell Merchandise company on December 31, 2021: Inventory, January 1, 2021 Selling expenses Loss on sale of...

Answered: 1 week ago

Question

★★★★★

Grey owns a commercial building in fee simple. Grey transfers temporary possession of the building to Haven Corporation (HC). Can HC transfer possession for even less time to Idyll Company? Explain.

Answered: 1 week ago

Question

★★★★★

Using the transactions listed in P3-1 for San Mateo Health Care, indicate the effects of each transaction on the liquidity metric Quick Assets and profitability metric Net Income - Accrual Basis....

Answered: 1 week ago

Question

★★★★★

1. Understanding the use of psychological analysis in the role of an expert witness, forensic psychologist

Answered: 1 week ago

Question

★★★★★

The Orange Top Cab company has a taxi waiting at each of four cab stands in Evanston, Illinois. Four Customers have called and requested service. The distances, in miles, from the waiting taxis to...

Answered: 1 week ago

Question

★★★★★

The information presented here represents selected data from the December 31, 2019, balance sheets and income statements for the year then ended for three firms. Required: Calculate the missing...

Answered: 1 week ago

Question

★★★★★

As she headed toward her boss's office, Emily Hamilton, chief operating officer for the Aerocomp Corporation-a computer services firm that specialized in airborne support-wished she could remember...

Answered: 1 week ago

Question

★★★★★

You can only use if, else loops. No arrays or sorting. Problem 2: Write a process (no C++ code) would determine the smallest number from a list of numbers without using the concept of sorting....

Answered: 1 week ago

Question

★★★★★

Background: The owners of Viral Clean (Conner, Denise, Larisa, and Sam) are responsible for different components of the business. Each component has a legal implication. Report that discusses the law...

Answered: 1 week ago

Question

★★★★★

When determining the total cost of a contract a CISO must take into account the cost of the contract and __________. Question 12 options: Travel expenses Financing costs None of the listed choices...

Answered: 1 week ago

Question

★★★★★

1. Describe a creative work that has been subject to censorship or propaganda. This can be any type of work from any of the subject areas: visual arts, performing arts, or literary arts. 2. In what...

Answered: 1 week ago

Question

★★★★★

You will be folding a sheet of paper in half (direction doesn't matter) and recording the number of sections created after each step in a table. Before you fold the paper at all, how many sections...

Answered: 1 week ago

Question

★★★★★

Kaladin and his boyfriend are in a fight. Kaladin decides to use 'the silent treatment' to show his boyfriend how mad he is. Which of the four unproductive approaches to conflict resolution...

Answered: 1 week ago

Question

★★★★★

Problem 7-11 Aging of accounts receivable LO7-4 Route Canal Shipping Company has the following schedule for aging of accounts receivable: (4) Percent of Amount Due Age of Receivables April 30, 20X1...

Answered: 1 week ago

Question

★★★★★

What is a lobbyist in US? How did this term emerge?

Answered: 1 week ago

Question

★★★★★

Part 1: Firm A currently monopolizes its market and earns a profit of $10 million. Firm B is a potential entrant that is thinking about entering the market. If B does not enter the market, it earns a...

Answered: 1 week ago

Question

★★★★★

Ann McCutcheon is hired as a consultant to a firm producing ball bearings. This firm sells in two distinct markets, each of which is completely sealed off from the other. The demand curve for the...

Answered: 1 week ago

Question

★★★★★

The White Company is a member of the lamp industry, which is perfectly competitive. The price of a lamp is $50. The firm's total cost function is TC = 1,000 + 20Q + 5Q2 where TC is total cost (in...

Answered: 1 week ago

Question

★★★★★

Based on your job experiences, explain the frequency of the various cultural performances identified by Pacanowsky and ODonnell-Trujillo.

Answered: 1 week ago

Question

★★★★★

Discuss the importance of the principle of requisite variety in dealing with ambiguity. Do you think that highly equivocal information requires more complex communication processes in order to make...

Answered: 1 week ago

Question

★★★★★

Consider some of the organizations to which you belong. Identify the cultural performances that you have either observed or shared. How could you use these performances in your work?

Answered: 1 week ago

Previous Question Next Question