Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Oct 05, 2024

Mary's Boutique employs three salespeople, generates annual sales of $1.5 million and a contribution margin of 20%. Each sales person costs $25,000 per year. How

Mary's Boutique employs three salespeople, generates annual sales of $1.5 million and a contribution margin of 20%. Each sales person costs $25,000 per year. How much would sales have to increase for Mary to break even on hiring an additional salesperson?

A. $150,000
B. $50,000
C. $125,000
D. $160,000

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

Financial Management Core Concepts

Financial Management Core Concepts

Authors: Raymond Brooks

4th Edition

134730417, 134730410, 978-0134730417

More Books

Students also viewed these Finance questions

Question

★★★★★

Refer to Exercise 7.S.6. Construct a 95% confidence interval for the population mean reduction in stem length. Does the confidence interval indicate whether the effect of stress is "horticulturally...

Answered: 1 week ago

Question

★★★★★

Step ladie creatki Create a new database and execute the code below in SQL Server's query window to create the database tables. CREATE TABLE PhysicianSpecialties. (Specialtvik integer, Specialty Name...

Answered: 1 week ago

Question

★★★★★

What is a culture gap? What are some techniques leaders might use to influence and change cultural values when necessary?

Answered: 1 week ago

Question

★★★★★

Barnes Industries had the following transactions. 1. Borrowed $5,000 from the bank by signing a note. 2. Paid $3,100 cash for a computer. 3. Purchased $850 of supplies on account. Instructions (a)...

Answered: 1 week ago

Question

★★★★★

Mary's Boutique employs three salespeople, generates annual sales of $1.5 million and a contribution margin of 20%. Each sales person costs $25,000 per year. How much would sales have to increase for...

Answered: 1 week ago

Question

★★★★★

Which of the following is NOT one of the five rules of active listening

Answered: 1 week ago

Question

★★★★★

please explainthe relationship between troubleshooting and small-parts/fastener repair by addressing the following question. Do you believe it's reasonable to attempt to troubleshoot a customer's...

Answered: 1 week ago

Question

★★★★★

The balance sheet items for Frankin Bakery (arranged in alphabetical order) were as follows at August 1, current year. (You are to compute the missing figure for Retained Earnings) Duning the next...

Answered: 1 week ago

Question

★★★★★

1. are another name for short pieces of threaded rigid conduit. OA. Elbows B. Nipples C. Risers D. Masts Mark for rovio. L

Answered: 1 week ago

Question

★★★★★

The contractor's coordination meeting: 8. a. Is usually part of the progress meeting. b. C. 9. 10. d. Usually does not involve the A/E or owner. MUM SUC Is between contractor and A/E relative to...

Answered: 1 week ago

Question

★★★★★

Hank and Molly discover that their young son has been shoplifting. They need to decide how to address the issue with their son to make sure that it doesn't happen again. They start a conversation...

Answered: 1 week ago

Previous Question Next Question