Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 19, 2024

Lake Sales had $2,700,000 in sales last month. The contribution margin ratio was 40% and operating profits were $185,000. What is Lake's break-even sales volume

Lake Sales had $2,700,000 in sales last month. The contribution margin ratio was 40% and operating profits were $185,000. What is Lake's break-even sales volume (sales dollars? O $1,620,000 $2.237.500 $2,515,000 $1,080.000

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

Working Papers Volume 1 For Needles/Powers/Crossons Financial And Managerial Accounting 8th

Authors: Belverd E. Needles

8th Edition

0618777237, 978-0618777235

More Books

Students also viewed these Accounting questions

Question

★★★★★

Reconsider the model of Prob. 7.1-1. You are now to conduct sensitivity analysis by independently investigating each of the following six changes in the original model. For each change, use the...

Answered: 1 week ago

Question

★★★★★

Crane French Modern Retailers Ldd, has been in operation for several years. It wholesales furniture to its customers. The compamy's post-ciosing trial balance at July 31, 2021, the end of its fiscal...

Answered: 1 week ago

Question

★★★★★

16-16. Why would a company choose to factor its receivables, given that it will get less money than the receivables are worth?

Answered: 1 week ago

Question

★★★★★

Assume the annual mean return on ABC stock is around 15% and the annual standard deviation is around 25%. Assume the annual and daily returns on ABC stock are normally distributed. a. What is the...

Answered: 1 week ago

Question

★★★★★

Lake Sales had $2,700,000 in sales last month. The contribution margin ratio was 40% and operating profits were $185,000. What is Lake's break-even sales volume (sales dollars? O $1,620,000...

Answered: 1 week ago

Question

★★★★★

Light illuminates a metallic surface with a work function of 1.20 eV. It takes 1.6 V of retarding potential to stop all of the photoelectrons from reaching the opposite plate. What is the maximum...

Answered: 1 week ago

Question

★★★★★

At the end of Year o Jarrett Corp. developed the following forecasts of net income: Forecasted Year Net Income Year 1 $20,856 Year 2 $22,733 Year 3 $24,552 Year 4 $27,252 Year 5 $29,978 Management...

Answered: 1 week ago

Question

★★★★★

write a Business Memo The cafeteria at the college is a private company and is raising the price of the food. As a cafeteria manager, you must tell all your employees in your organization, the...

Answered: 1 week ago

Question

★★★★★

What measure have been undertaken by hospitals to control the costs of pharmaceuticals given the freedom physicians have to prescribe with no accountability for costs? Thoroughly defend your answer.

Answered: 1 week ago

Question

★★★★★

Assume the beach along the coast of Alaska has a slope of 1/250 and that the swell has the mean direction of propagation of 27 degrees, what is the alongshore flow rate? Would the flow rate change...

Answered: 1 week ago

Question

★★★★★

Describe how the distribution strategy creates value for the target. Compare the distribution strategy to competitors

Answered: 1 week ago

Question

★★★★★

Explain how an attention line and a subject line differ in (a) purpose and (b) placement. (Objective 2)

Answered: 1 week ago

Question

★★★★★

Respond to the following e-mail from a friend. Follow your instructors directions about whether to print your message or send it to him or her electronically. (Objective 1) I want to apply for a job...

Answered: 1 week ago

Question

★★★★★

Correct the following inside addresses and salutations: (Objectives 1 and 2) a. AmberQuest, Inc. 689 City Center Drive, Suite 206 Aurora, CO 80016-5320 Dear Ms. Kilichowsky b. Ambrose Britton,MD...

Answered: 1 week ago

Previous Question Next Question