Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 15, 2024

Question 3: A Toy store sells remote control car. The average selling price is SAR 15 and the average variable cost is USD 9. The

Question 3: A Toy store sells remote control car. The average selling price is SAR 15 and the average variable cost is USD 9. The fixed costs of the store are USD 100,000.

1. What is the Contribution margin per unit?

2. What is Contribution margin percentage?

3. What is the operating income for the month assuming that A Toy store sells 20,000 remote control?

4. What is the breakeven point in unit?

5. If the owner desired a profit of USD 25,000, what will be break-even point in USD ?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

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

Fundamentals of Investments Valuation and Management

Authors: Bradford D. Jordan, Thomas W. Miller

5th edition

978-007728329, 9780073382357, 0077283295, 73382353, 978-0077283292

Students also viewed these Accounting questions

Question

What is regret ? (p. 2 49)

Answered: 1 week ago

Question

★★★★★

To estimate the real rate of interest, the economics division of Mountain Banks'a major bank holding company'has gathered the data summarized in the following table. Because there is a high...

Answered: 1 week ago

Question

★★★★★

Suppose you held a diversified portfolio consisting of a $ 7 , 5 0 0 investment in each of 2 0 different common stocks. The portfolio's beta is 1 . 9 5 . Now suppose you decided to sell one of the...

Answered: 1 week ago

Question

★★★★★

The following pair of assets differ only in the MARR. The problem asks you to determine the effect of this difference on the economic life and to explain the result. All assets decline in value by 20...

Answered: 1 week ago

Question

★★★★★

would this be an acceptable bin width and distribution of data among 8 bins for the data below? Bin Width: 366 1- 500 2-866 3-1232 4-1598 5-1964 6-2330 7-2696 8-3062 DATA: LIABILITIES (MILLIONS) 431...

Answered: 1 week ago

Question

★★★★★

Is Your Process Documentation a Mess? Below is an excellent video on the pitfalls of process documentation messes: https://www.youtube.com/watch?v=L5co8_S9BeU What are your thoughts?

Answered: 1 week ago

Question

★★★★★

Operation Research Problem: The Ohio water company is getting ready for the hotter months, which make it harder to obtain water. They have two water sources: some of it comes from their own aquifer,...

Answered: 1 week ago

Question

★★★★★

Suggest a standard venue and a unique venue option for each of the events listed below. The advantages and challenges associated with each venue. -Corporate Management Retreat Charity Fundraising...

Answered: 1 week ago

Question

★★★★★

Suman Corporation In mid-April, Mike Bradie, vice president of supply chain management at Suman Corporation (Suman), had become increasingly concerned about the potential shortage of supply of barac,...

Answered: 1 week ago

Question

★★★★★

Briefly describe the main purpose of normalization in database design. (3 marks) (6 marks) (b) Describe the rules of one normal form (INF), 2 NF and 3 NF. (c) You work as an administrator in UCSI Pet...

Answered: 1 week ago

Previous Question Next Question