Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Marigold charges $32 per day to board a dog. The variable cost to feed and handle a dog is $4 per day. The fixed costs

Marigold charges $32 per day to board a dog. The variable cost to feed and handle a dog is $4 per day. The fixed costs for maintaining the Marigold are $171,000 per year, and the companys income tax rate is 30%. The measure of volume is dog-days. For example, 3 dogs boarded for 4 days plus 1 dog boarded for 6 days yields 18 dog-days of service (and revenue).

Your answer is incorrect. Try again.
If the firm expects an annual volume of 9,100 dog-days of boarding, what is the expected after-tax profit?
Expected after-tax profit $

LINK TO TEXT

Your answer is incorrect. Try again.
If the firm anticipates an annual volume of 7,300 dog-days of boarding, what is the margin of safety in terms of dog-days? (Round answer to 0 decimal places, e.g. 125.)
Margin of safety

dog-days

LINK TO TEXT

Your answer is incorrect. Try again.
The owner believes that an after-tax profit of $99,200 is needed to justify being in business. How many dog-days are required to meet this goal? (Round answer to 0 decimal places, e.g. 125.)
Dog-days required

dog-days

LINK TO TEXT

Your answer is incorrect. Try again.
Calculate the percentage increase in dog-days between parts (a) and (c). (Round answer to 1 decimal place, e.g. 15.5%.)
Percentage increase

%

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

Audit Security How To Plan Implement And Audit Netsuite Security

Authors: Zenobia Plautz

1st Edition

B0B5KQKXSY, 979-8840043851

More Books

Students also viewed these Accounting questions

Question

Is there a clear hierarchy of points in my outline?

Answered: 1 week ago