Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 02, 2024

Rodeo, Inc. has a contribution margin ratio of 50%. This month, profit was $28,500 and fixed costs were $28,500. How much was Laredo's sales revenue?

Rodeo, Inc. has a contribution margin ratio of 50%. This month, profit was $28,500 and fixed costs were $28,500. How much was Laredo's sales revenue?

Multiple Choice

$114,000

$57,000

$28,500

$69,861

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

Students also viewed these Accounting questions

Question

(Appendix) Describe the documents that underlie the typical accounting system for sales. Give an example of a failure of internal control that might occur if these documents were not properly...

Answered: 1 week ago

Question

★★★★★

Richard Griffin and three other men owned a grain company called Bearhouse, Inc., which needed to borrow money. First National Bank was willing to loan $490,000, but it insisted that the four men...

Answered: 1 week ago

Question

★★★★★

The following balance sheets are stated at book value. The fair market value of Red Wings fixed assets is equal to the book value. Predators pay $13,000 for Red Wings and raises the needed funds...

Answered: 1 week ago

Question

★★★★★

in year 1, better sleep company began to receive complaints from physicians that patients were experiencing unexpected side effects from the company's sleep apnea drug

Answered: 1 week ago

Question

★★★★★

6. Permanent tooling is to be evaluated for an operation and product. Let the estimated unit savings in direct labor be $.20 for a part if tooling is used, burden on labor saved -35%, cost of each...

Answered: 1 week ago

Question

★★★★★

Consider a person you believe served as an excellent role model as a leader. This could be a friend, coach, teacher etc..or anyone else you know. Andrea the following What traits, skills, and...

Answered: 1 week ago

Question

★★★★★

Presentation Content You have been hired as a business process consultant for a fast food restaurant to strategically reorganize, standardize, and improve their service processes through the use of...

Answered: 1 week ago

Question

★★★★★

What one modification would you recommend to the "Temporal-Three" evacuation signal to increase its "recognition" and perception of "urgency". In your response justify your modification financially...

Answered: 1 week ago

Question

★★★★★

A crate starts from rest and is pulled by a force P of 500 N. Determine the speed of the crate after 4 s if between crate and surface is 0.2. Take mass of crate as 80 kg. REMEMBER: use Fdt = m(v -v)...

Answered: 1 week ago

Previous Question Next Question

Question

Rodeo, Inc. has a contribution margin ratio of 50%. This month, profit was $28,500 and fixed costs were $28,500. How much was Laredo's sales revenue?

Rodeo, Inc. has a contribution margin ratio of 50%. This month, profit was $28,500 and fixed costs were $28,500. How much was Laredo's sales revenue? Multiple Choice $114,000 $57,000 $28,500 $69,861

Step by Step Solution

Step: 1

Get Instant Access with AI-Powered Solutions

Step: 2

Step: 3

Ace Your Homework with AI

Students also viewed these Accounting questions

Question

Question

Question

Question

Question

Question

Question

Question

Question

Rodeo, Inc. has a contribution margin ratio of 50%. This month, profit was $28,500 and fixed costs were $28,500. How much was Laredo's sales revenue?

Multiple Choice

$114,000

$57,000

$28,500

$69,861