Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 18, 2024

If Fixed Costs are $50,000, Net Income is $10,000, and the Contribution Margin ratio is 40%. then Sales Revenue is closest to: $40,000 $60,000 $150,000

If Fixed Costs are $50,000, Net Income is $10,000, and the Contribution Margin ratio is 40%. then Sales Revenue is closest to: $40,000 $60,000 $150,000 $210.000

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

Forensic Accounting In Detecting Financial Frauds

Authors: Motilal Balram Bhavnani

1st Edition

979-8889950707

More Books

Students also viewed these Accounting questions

Question

★★★★★

Bibbins Manufacturing produces softballs and baseballs for youth recreation leagues. Each softball costs $11 to produce and sells for $17 while each baseball costs $10.50 and sells for $15. The...

Answered: 1 week ago

Question

★★★★★

9.59. One can interpret r = 0.30 as follows: (a) A 30% reduction in error occurs in using x to predict y.

Answered: 1 week ago

Question

★★★★★

10. Why are typeface and type styles important considerations when producing your messages?

Answered: 1 week ago

Question

★★★★★

Firms HL and LL are identical except for their leverage ratios and the interest rates they pay on debt. Each has $20 million in assets, has $4 million of EBIT, and is in the 40% federal-plus-state...

Answered: 1 week ago

Question

★★★★★

If Fixed Costs are $50,000, Net Income is $10,000, and the Contribution Margin ratio is 40%. then Sales Revenue is closest to: $40,000 $60,000 $150,000 $210.000

Answered: 1 week ago

Question

★★★★★

To provide goods and services, the government needs ______. Multiple choice question. to calculate the public debt sources of revenue to know the demand for public goods areas to spend\

Answered: 1 week ago

Question

★★★★★

1. What are the economic costs of the externalities caused by air toxins (Front Page Economics "Air Pollution Kills"), beach closings, or thermal pollution (Front Page Economics "Cut the Power to...

Answered: 1 week ago

Question

★★★★★

The general linear demand for good X is estimated to be Q-18,000-175P+0.35M-16PR where P is the price of good X, M is average income of consumers who buy good X, and P. is the price of related good...

Answered: 1 week ago

Question

★★★★★

Lemon Laws" are meant to: Group of answer choices decrease consumer confidence in the purchasing of cars. make selling cars less profitable for dealers. increase consumer confidence in the purchasing...

Answered: 1 week ago

Question

★★★★★

Refer to the table below to answer the following question Table 1: Production Possibilities for Simon's simple factory Nuts (units per day) 0 2,000 4,000 6,000 8,000 10,000 12,000 14,000 Bolts (units...

Answered: 1 week ago

Question

★★★★★

Match the communication methods with their corresponding advantages in the table below: Table of communication methods and descriptions. Method A: Increases flexibility and reduces pressure. Method...

Answered: 1 week ago

Question

★★★★★

1 Is there a relationship between cultural values in specific countries (e.g. collectivism, power distance, instrumentalism, humanism) and the way (indigenous) organizations respond to changes in...

Answered: 1 week ago

Question

★★★★★

4 For managers to operate effectively they need to learn to think more strategically and outside ordinary line responsibilities of operational fire fighting. This type of project work can facilitate...

Answered: 1 week ago

Question

★★★★★

3 As there is a continuing need for this type of working across borders and cultures, thought should be given to common decision premises based on the managing of different cultures, value systems,...

Answered: 1 week ago

Previous Question Next Question