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

Question

1 Approved Answer

Nora Inc. sells a single product for $20. Variable costs include $6.20 for each unit plus a 9% sales commission. Fixed costs are $170,400 per

image text in transcribed
Nora Inc. sells a single product for $20. Variable costs include $6.20 for each unit plus a 9% sales commission. Fixed costs are $170,400 per month a. What is the contribution margin percentage? Contribution Margin b. What is the break-even sales revenue? Break-Even Sales Revenge c. What sales revenue is needed to achieve a $138,000 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

Financial Accounting

Financial Accounting

Authors: Harrison, Horngren, Thomas

1st Edition

0558823513, 978-0558823511

More Books

Students also viewed these Accounting questions

Question

★★★★★
A solution contains 0.100 M Ce3+, 1.00 10 -4 M Ce4+, 1.00 10 -4 M Mn2+, 0.100 M , and 1.00 M HClO4. (a) Write a balanced net reaction that can occur between species in this solution. (b) Calculate...

Answered: 1 week ago

Question

★★★★★
Which of the following headings appears when calculating the cost of manufacturing for a manufacturing business? (a) Cost of sales (b) Gross profit (c) Prime cost of production (d) Operating profit

Answered: 1 week ago

Question

★★★★★
What do you plan on doing upon receiving your graduate degree?

Answered: 1 week ago

Question

★★★★★
A bus company is responsible for offering public transportation in the suburbs of a large metropolitan area. The company has significant data management requirements: It needs to keep track of its...

Answered: 1 week ago

Question

★★★★★
help pls Information related to Larkspur, Inc. is presented below. 1. On April5, purchased merchandise on account from Novak Company for $27,800, terms 4/10, net/30, FOB shipping point: 2. On April...

Answered: 1 week ago

Question

★★★★★
Examples of a Work Breakdown Structure for the case study Value-driven project and portfolio management in the pharmaceutical industry.

Answered: 1 week ago

Question

★★★★★
LMN makes hand embroidered sweatshirts to customer specifications. The following detail is available from the company's budget: Cost centre Overheads (RM) Activity Cutting and sewing 93,000 37,200...

Answered: 1 week ago

Question

★★★★★
ME296V HW1 Only neat individual work Prob.1 Find the steady state error value for G(s) = s+1 s+s+1 with a ramp input (10 pts) Prob.2 Find the open loop error transfer function for G(s) given in...

Answered: 1 week ago

Question

★★★★★
Gator Inc. reported taxable income of $1,550,000 this year and paid federal income taxes of $325,500. Included in the company's computation of taxable income is gain from the sale of a depreciable...

Answered: 1 week ago

Question

★★★★★
Suppose your department decides to host a celebration because they exceeded sales expectations for the quarter. If you were only focused on equality, what would you do? Limit institutional barriers...

Answered: 1 week ago

Question

★★★★★
Income Statement Revenue: Collars $ 322,560 Leashes 271,040 Harnesses 312,500 Total Revenue: $ 906,100 Cost of goods sold 28,258 Gross profit $ 877,842 Expenses: General and administrative salaries $...

Answered: 1 week ago

Question

★★★★★
Your friend works as a manager in a small credit union and has asked your advice on how to give feedback to a staff member who did not handle a customer request particularly well. What suggestions...

Answered: 1 week ago

Question

★★★★★
Would a results focus work in a financial services institution? Why or why not? It does work at Mabels Labels, an Ontario company that designs, manufactures, and sells waterproof labels for...

Answered: 1 week ago

Question

★★★★★
Youve just started working at a high-end grocery store in a large city. The store manager wishes to develop a graphic rating scale for cashiering staff. Identify 3 critical areas of the job (e.g.,...

Answered: 1 week ago

Previous Question Next Question