Last month the Henke Company had sales ot $220,000, a C/M ratio of 40%, and an M/S ratio 30%. During the current month, a decrease
Last month the Henke Company had sales ot $220,000, a C/M ratio of 40%, and an M/S ratio 30%. During the current month, a decrease in sales price and a decrease in fixed costs have resulted in a C/M ratio of 36%.and an M/S ratio of 24%.
Required:
(1) The amount sales decreased
(2) New break-even point.
(3) Profit during the current month.
(4) Decrease in fixed costs hatton Company's products.
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Authors: Sheridan Titman, Arthur J. Keown, John H. Martin
13th edition
134417216, 978-0134417509, 013441750X, 978-0134417219
