Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Lake Stevens Marina has estimated that fixed costs per month are $350,000 and variable cost per dollar of sales is $0.30. What is the break-even

Lake Stevens Marina has estimated that fixed costs per month are $350,000 and variable cost per dollar of sales is $0.30.

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

  1. What level of sales dollars is needed for a monthly profit of $70,000?

  1. For the month of July, the marina anticipates sales of $1,000,000. What is the expected level of profit?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

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

blur-text-image

Step: 3

blur-text-image

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

The Fraud Audit Responding To The Risk Of Fraud In Core Business Systems

Authors: Leonard W. Vona

1st Edition

0470647264, 978-0470647264

More Books

Students also viewed these Accounting questions

Question

What are some of the indirect costs of crashing?

Answered: 1 week ago