Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 11, 2024

Sabv Corporation's break-even-point in sales is $940,000, and its variable expenses are 80% of sales. If the company lost $44,000 last year, sales must have

Sabv Corporation's break-even-point in sales is $940,000, and its variable expenses are 80% of sales. If the company lost $44,000 last year, sales must have amounted to:

Multiple Choice

$896,000
$852,000
$720,000
$708,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored 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

The Complete Guide To Operational Auditing 1995 Supplement

Authors: Harry R. Reider

1st Edition

0471102547, 978-0471102540

More Books

Students also viewed these Accounting questions

Question

★★★★★

Find the amount to which $500 will grow under each of the following conditions: a. 12 percent compounded annually for 5 years. b. 12 percent compounded semiannually for 5 years. c. 12 percent...

Answered: 1 week ago

Question

★★★★★

Use UNIFAC to model the methanol(1) + hexane(2) system. Provide a P-x-y diagram at 50C and 25C, and a T-x-y at 0.1013 MPa.

Answered: 1 week ago

Question

★★★★★

57. Let X and Y have respective distribution functions FX and FY , and suppose that for some constants a and b > 0, (a) Determine E[X ] in terms of E[Y ]. (b) Determine Var(X ) in terms of Var(Y )....

Answered: 1 week ago

Question

★★★★★

Davis Company opened a Web page design business on January 1 of the current year. The following information relates to Davis Companys operations during the current year: 1. On February 1, Davis...

Answered: 1 week ago

Question

★★★★★

Sabv Corporation's break-even-point in sales is $940,000, and its variable expenses are 80% of sales. If the company lost $44,000 last year, sales must have amounted to: Multiple Choice $896,000...

Answered: 1 week ago

Question

★★★★★

True or False The double declining method of depreciation usually results in a higher net income than the straight-line depreciation method.

Answered: 1 week ago

Question

★★★★★

Beginning inventory is $ 2 1 0 , 0 0 0 , purchases are $ 2 5 5 , 0 0 0 and sales total $ 4 2 0 , 0 0 0 . The normal gross profit percentage is 4 0 % . Estimate ending inventory using the gross profit...

Answered: 1 week ago

Question

★★★★★

Question 2 (2 points) Saved What is the purpose of a speech that invites audience members to do something they have not done before? A) discontinuance B) adoption C) continuance D) reinforcement B

Answered: 1 week ago

Question

★★★★★

Janet has applied for coverage under an assigned risk plan. Without knowing anything about Janet other than this fact, what can you conclude about her driving history? She may be snow

Answered: 1 week ago

Question

★★★★★

You must write a small application in JAVA that can assist a shopper by calculating the total price of the items that he or she wants to buy and displaying a tillslip-like list of the products, their...

Answered: 1 week ago

Question

★★★★★

Is the pow function overloaded? How do you know? How many arguments does the pow function require?

Answered: 1 week ago

Question

★★★★★

(Appendices) Permanent partial workers compensation claims are costly and often difficult to administer. The states use different methods to compensate injured workers for such claims. LO4 a. What is...

Answered: 1 week ago

Question

★★★★★

(Appendices) Compare the SSI program with the TANF program with respect to each of the following: LO4 a. Eligibility requirements b. Groups that are covered c. Benefits provided d. Financing

Answered: 1 week ago

Question

★★★★★

(Appendices) The Original Medicare Plan consists of Hospital Insurance (Part A) and Medical Insurance (Part B). For each of the following losses, indicate whether the loss is covered under Medicare....

Answered: 1 week ago

Previous Question Next Question