Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 31, 2024

Lake Stevens Marina has estimated that fixed costs per month are $347,400 and variable cost per dollar of sales is $0.45. A- What is the

Lake Stevens Marina has estimated that fixed costs per month are $347,400 and variable cost per dollar of sales is $0.45.

A- What is the break-even point per month in sales dollars?

B- What level of sales dollars is needed for a monthly profit of $67,600?

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

Principles Of Corporate Finance

Authors: Richard A Brealey, Stewart C Myers, Franklin Allen

8th Edition

0073130826, 9780073130828

More Books

Students also viewed these Accounting questions

Question

★★★★★

What kind of output is desirable if many readers will be reading, storing, and reviewing output over a period of years?

Answered: 1 week ago

Question

★★★★★

5 Results of quality review inspections of auditors frequently have some or all of the following components following an examination of the working papers: A failure to apply professional scepticism...

Answered: 1 week ago

Question

★★★★★

Describe major projective personality tests used for psychological assessment.

Answered: 1 week ago

Question

★★★★★

In 2012 Buckeye Research Labs patented a new polymer. The patent was capitalized at $55,000, but the market value is $800,000. Buckeye determines that the legal life of the patent is 8 years,...

Answered: 1 week ago

Question

★★★★★

Prepare a Factory Overhead Budget using the following information: REQUIRED Prepare selected operating budgets in good form for Traynham Innovations for the months indicated below: For January,...

Answered: 1 week ago

Question

★★★★★

A company is considering a new three-year expansion project that requires an initial fixed asset investment of $2.7 million. The fixed asset will be depreciated straight line to zero over its...

Answered: 1 week ago

Question

★★★★★

A public opinion poll surveyed a simple random sample of 550 voters in Oregon. The respondents were asked which political party they identified with most and were categorized by residence. Results...

Answered: 1 week ago

Question

★★★★★

36. Stock of semi-finished goods is a Ans:1. Fixed capital 2. Working capital 3. Liquid capital 4. Watered capital

Answered: 1 week ago

Question

★★★★★

You are currently working for BestMotors, a US manufacturer. Your main responsibility is managing the shipping of motors from your supplier in China to your company's factory in Michigan. Demand for...

Answered: 1 week ago

Question

★★★★★

________ highlight the number of events (the numerator) relative to potential events (the denominator). a. Trends b. Rates c. Ratios d. Common sizing

Answered: 1 week ago

Question

★★★★★

explain why La Bellissima can use recycled cardboard boxes to A. package up the orders for butter chicken and rice

Answered: 1 week ago

Question

★★★★★

2. How can the five-step training process assist in this scenario? Its late Friday afternoon in Thunder Bay, Ontario, and Jeff Hartley, a returning summer student, is looking for-ward to the end of...

Answered: 1 week ago

Question

★★★★★

3. What are some of the things that an organization can do to adopt an inclusive approach to recruiting?

Answered: 1 week ago

Question

★★★★★

1. Whatlegal aspects regarding the obvious lack of training in this case will Julie, as HR manager, and the company have to deal with? Its late Friday afternoon in Thunder Bay, Ontario, and Jeff...

Answered: 1 week ago

Previous Question Next Question