Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Dec 20, 2022

From the following,calculate P/V ratio and Break even point: Fixed cost=$6,000 Variable costs=$8,000 Sales=$20,000

From the following,calculate P/V ratio and Break even point:

Fixed cost=$6,000

Variable costs=$8,000

Sales=$20,000

Step by Step Solution

★★★★★

3.39 Rating (155 Votes )

There are 3 Steps involved in it

Step: 1

Solution PV ratioContribution... 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 for the Hospitality Industry

Authors: Lea R. Dopson, David K. Hayes

2nd edition

978-1-119-2996, 1119299659, 978-1119386223

More Books

Students also viewed these Accounting questions

Question

★★★★★

Fixed costs per annum P60 000 Unit selling price 20 Unit variable cost 10 Relevant range 4 00012 000 units REQUIRED: Calculate the following: a. Break-Even Point in b. Units to be sold to obtain the...

Answered: 1 week ago

Question

★★★★★

Calculate fixed and variable cost data for evaluating alternative approaches using the following data: ________________________Alternative 1___________Alternative 2 Annual fixed...

Answered: 1 week ago

Question

★★★★★

The fixed and variable costs for three potential manufacturing plant sites for a rattan chair weaver are shown: (a) Over what range of production is each location optimal? (b) For a production of 200...

Answered: 1 week ago

Question

★★★★★

The derivative of f(x,y) at Po(1.2) in the direction of 7+is 2/2 and in the direction of -21 it is -3 What is the derivative of f in the direction of -1-21?

Answered: 1 week ago

Question

★★★★★

1. Was Midlands condemnation of property in this case for a public benefit? Explain. 2. Is it fair that a city can exercise its eminent domain power to take property even though the property will not...

Answered: 1 week ago

Question

★★★★★

Several years ago, your brother opened Ready Appliance Repairs. He made a small initial investment and added money from his personal bank account as needed. He withdrew money for living expenses at...

Answered: 1 week ago

Question

★★★★★

4. Discuss the strengths and limitations of CCTV evidence as an aid to identifying offenders.

Answered: 1 week ago

Question

★★★★★

Comparative income statements and balance sheets for Coca-Cola are shown below ($ millions). Required: a. Use the following ratios to prepare a projected income statement, balance sheet, and...

Answered: 1 week ago

Question

★★★★★

Return to question In 2021, the Marion Company purchased land containing a mineral mine for $1,740,000. Additional costs of $676,000 were incurred to develop the mine. Geologists estimated that...

Answered: 1 week ago

Question

★★★★★

HQ Drugs is a distributor of pharmaceutical products. Its ABC system has five activities: Rick Flair, the controller of HQ Drugs, wants to use this ABC system to examine individual customer...

Answered: 1 week ago

Question

★★★★★

Orange County Wines Ltd. issued an $860,000, five-year, 12 percent mortgage note payable on December 31, 2020, to help finance a new warehouse. The terms of the mortgage provide for semi-annual...

Answered: 1 week ago

Question

★★★★★

SCMP Module 5, Module Culminating Assignment. (MCA) Workplace review in a case study format for the given below topics (from executive summary to monitor and control). As the focus is on strategic...

Answered: 1 week ago

Question

★★★★★

1. Referring to Exhibit 4, compute the annual percentage change in net income per common share-diluted (second numerical line from the bottom) for 1998-1999, 1999-2000, and 2000- 2001. Date Range...

Answered: 1 week ago

Question

★★★★★

tony soprano, leader of the soprano crime syndicate of NJ, waskilled by one of his own henchmen. detective vine interviews themen and determines that all were lying except for one, based onwhat he...

Answered: 1 week ago

Question

★★★★★

Tesar Chemicals is considering Projects S and L, whose cash flows are shown below. These projects are mutually exclusive, equally risky, and not repeatable. The CEO believes the IRR is the best...

Answered: 1 week ago

Question

★★★★★

Which statement about Pay What You Want ( PWYW ) pricing strategy below is CORRECT? 1 point In this strategy, customers will receive a product or service as long as they pay something. A firm using...

Answered: 1 week ago

Question

★★★★★

Crane Productions Corp. purchased equipment on March 1, 2021, for $62,600. The company estimated the equipment would have a useful life of three years and produce 12,000 units, with a residual value...

Answered: 1 week ago

Question

★★★★★

It is possible to investigate the thermo chemical properties of hydrocarbons with molecular modeling methods. (a) Use electronic structure software to predict cHo values for the alkanes methane...

Answered: 1 week ago

Question

★★★★★

A restaurant manager served 3,000 guests last January. For this coming January she predicts a decrease in guests served of 8.0 %. What will be the number of guests this manager will forecast to serve...

Answered: 1 week ago

Question

★★★★★

Last night a hotel achieved an ADR of $120.00 and total rooms revenue of $18,000. The hotel has 400 rooms available for sale, but 25 were out-of-order last night. What was the hotels RevPAR last...

Answered: 1 week ago

Question

★★★★★

Flow through is calculated to help hotel managers identify a. The impact of increases in revenue on GOP. b. The impact of increases in revenue on CPOR. c. The effect of cost cutting on profitability...

Answered: 1 week ago

Question

★★★★★

Explain the concept of control with reference to communication boundaries. The chapter mentioned a study about medical mistakes that focused on control. Think of other contexts besides health care...

Answered: 1 week ago

Question

★★★★★

Can CPM Theory explain technological disclosures and privacy attempts such as those encountered in online conversations? Explain your answer.

Answered: 1 week ago

Question

★★★★★

How widespread is Groupthink? Do you believe society is aware of the problem? Discuss your response using examples.

Answered: 1 week ago

Previous Question Next Question