Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Aug 27, 2024

Lake Sales had $ 2 , 3 0 0 , 0 0 0 in sales last month. The contribution margin ratio was 4 0 %

Lake Sales had $ $2, 300, 000$ in sales last month. The contribution margin ratio was $40 %$ and operating profits were $ $180, 000 .$ What sales volume does Lake need to yield a $ $370, 000$ operating profit?

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

Auditing And Assurance Services

Authors: By David N. Ricchiute

6th Edition

0324024029, 9780324024029

More Books

Students also viewed these Accounting questions

Question

★★★★★

Consider a random variable, z, that has a standardized normal distribution. Determine the following probabilities: a. P (0 1.645) c. P (1.28 Answered: 1 week ago

Answered: 1 week ago

Question

★★★★★

2. Ask several students to explain the directions.

Answered: 1 week ago

Question

★★★★★

The following information pertains to Worthy Tours: 1. Cash balance per bank, July 31, $7,263. 2. July bank service charge not recorded by the depositor $28. 3. Cash balance per books, July 31,...

Answered: 1 week ago

Question

★★★★★

convert 1 6 2 - 1 to binary

Answered: 1 week ago

Question

★★★★★

Supply costs at Coulthard Corporation's chain of gyms are listed below: Client- Supply Visits Cost March 11,658 $ 28,395 April 11,454 $ 28,321 May 11,986 $ 28,513 June 13,100 $ 28,914 July 11, 718 $...

Answered: 1 week ago

Question

★★★★★

(1 point) The owner of a small gas station has his 1,500 gallon tank of 93-octane gas filled up once at the beginning of each week. The random variable is the amount of 93-octane the station sells...

Answered: 1 week ago

Question

★★★★★

Create a Fishbone diagram with the problem being coal "mine safety

Answered: 1 week ago

Question

★★★★★

Zoe Swift Tech. Inc. is a contract manufacturing company that produces different customizable parts and essentials for computer hardware. The most popular products of the company are the Liquid...

Answered: 1 week ago

Question

★★★★★

Q: Convert the following numbers to 6-bit signed binary, state if there's overflow a. 14 + 19 b. -14 + (-19) c. -13 +28 d. 13 +(-28)

Answered: 1 week ago

Question

★★★★★

Find the limit . Use I\'Hospital\'s rule when appropriate. lim x l n x 2 x

Answered: 1 week ago

Question

★★★★★

Explain the legal environments impact on labor relations. page 590

Answered: 1 week ago

Question

★★★★★

Discuss the four factors that most strongly influence HRM in international markets. page 633

Answered: 1 week ago

Question

★★★★★

Describe new, less adversarial approaches to labor management relations. page 609

Answered: 1 week ago

Previous Question Next Question

Question

Lake Sales had $ 2 , 3 0 0 , 0 0 0 in sales last month. The contribution margin ratio was 4 0 %

Lake Sales had $2,300,000 in sales last month. The contribution margin ratio was 40% and operating profits were $180,000. What sales volume does Lake need to yield a $370,000 operating profit?

Step by Step Solution

Step: 1

Get Instant Access to Expert-Tailored Solutions

Step: 2

Step: 3

Ace Your Homework with AI

Recommended Textbook for

Auditing And Assurance Services

Students also viewed these Accounting questions

Question

Question

Question

Question

Question

Question

Question

Question

Question

Question

Question

Question

Question

Lake Sales had $ $2, 300, 000$ in sales last month. The contribution margin ratio was $40 %$ and operating profits were $ $180, 000 .$ What sales volume does Lake need to yield a $ $370, 000$ operating profit?