FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Nora Inc. sells a single product for $15. Variable costs include $5.85 for each unit plus a 9% sales commission, Fixed costs are $150,800 per

image text in transcribed
Nora Inc. sells a single product for $15. Variable costs include $5.85 for each unit plus a 9% sales commission, Fixed costs are $150,800 per month a. What is the contribution margin percentage? Contribution Margin % b. What is the break-even sales revenue? Break-Even Sales Revenue c. What sales revenue is needed to achieve a $114,920 per month profit? Total Sales Revenue Needed

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

Accounting Information Systems A Practictioner Emphasis

Accounting Information Systems A Practictioner Emphasis

Authors: Cynthia D. Heagy, Constance M. Lehmann

10th Edition

1891002821, 9781891002823

More Books

Students also viewed these Accounting questions

Question

★★★★★
Identify and define the three major categories of food perishability. Why is milk more perishable than sugar even though both are rich in organic matter?

Answered: 1 week ago

Question

★★★★★
The following data were summarized from the accounting records for Jersey Coast Construction Company for the year ended June 30, 2016: Prepare divisional income statements for Jersey Coast...

Answered: 1 week ago

Question

★★★★★
In a hand of bridge, each of the four players receives 13 cards from a standard pack of 52 cards. Nick and Leopold are partners. What is the probability that, in a given hand, Nick has at most one...

Answered: 1 week ago

Question

★★★★★
Johnson Electronics makes calculators. Consumer satisfaction is one of the top priorities of the companys management. The company guarantees the refund of money or a replacement for any calculator...

Answered: 1 week ago

Question

★★★★★
Dogfoot Company shows the following information on its three producing departments: Fabricating Assembly Finishing Budgeted overhead $140,000 $64,000 $74,880 Budgeted machine-hours 20,000 - -...

Answered: 1 week ago

Question

★★★★★
A 100 acre plot of land has a concentration time of 80 minutes. The area is residential single family homes with a C-0.40. What is the percent Increase in stormwater runoff from a 50 year recurrence...

Answered: 1 week ago

Question

★★★★★
Which statement is true? The long-run supply curve for a competitive firm is its long-run marginal cost curve above the minimum of Average Total Cost. The long-run supply curve for a competitive firm...

Answered: 1 week ago

Question

★★★★★
In 2001, a commercial aircraft lost all power while flying at 10,000 m over the Atlantic Ocean, about 100 km from the Azores Islands. The skilled pilot put the plane into a gliding mode and...

Answered: 1 week ago

Question

★★★★★
Domino's Pizza franchises in New York were sued by the state of New York in 2016for wage theft at 10 stores.Under New York law, a corporation and a franchiser are joint employers if they meet certain...

Answered: 1 week ago

Question

★★★★★
Consider the EMPLOYEE database schema shown in Figure 4.6. Write PHP code to create the tables of this schema. Figure 4.6: A specialization lattice with shared subclass ENGINEERING_MANAGER. EMPLOYEE...

Answered: 1 week ago

Question

★★★★★
When reading a resistor's color bands: The first two colored bands, pulled from Table 1, represent the first and second digits of the resistance, respectively The third colored band, pulled from...

Answered: 1 week ago

Question

★★★★★
8. Consider a cantilever viewing platform extending over the rim of a cliff as shown below. In an unsafe situation, the platform would pivot about the cliff's edge. Without fixing bolts, what is the...

Answered: 1 week ago

Question

★★★★★
Did you check all the correct names, telephone numbers, and emails for authorship and further information?

Answered: 1 week ago

Question

★★★★★
Did you offer hard data that is verifiable? [D]

Answered: 1 week ago

Question

★★★★★
Did you eliminate superlatives and complimentary adjectives to keep it unbiased? [yes or no]

Answered: 1 week ago

Previous Question Next Question