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

Question

1 Approved Answer

SAVE ANSWER Question 18 1 points Penz Pty Ltd makes luxury pens. If the selling price per pen is $100, the contribution margin ratio is

image text in transcribed
SAVE ANSWER Question 18 1 points Penz Pty Ltd makes luxury pens. If the selling price per pen is $100, the contribution margin ratio is 40%, and total fixed costs are $25,000 How many pens must Penz Pty Ltd sell to achieve a desired profit of $20,000? o 625. O 1,125. 500. 200

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_2

Step: 3

blur-text-image_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

Advanced Management Accounting

Advanced Management Accounting

Authors: Maurice L. Hirsch Jnr.

2nd Edition

1861526768, 978-1861526762

More Books

Students also viewed these Accounting questions

Question

★★★★★
The largest seven U.S. airlines in terms of enplaned passengers in 2012 were Delta Airlines with 22,845,340, United Airlines with 20,285,000, Southwest Airlines with 18,673,980, American Airlines...

Answered: 1 week ago

Question

★★★★★
Develop a rationale for an antidoping policy in sport. Consider if the policy should be different for high school versus professional sport versus other competitive levels.

Answered: 1 week ago

Question

★★★★★
=+a consulting firm that seemed to go very well. Theres a chance that they will want you to stay for a few days at the end of the semester for a round of interviews at their offices, which will mean...

Answered: 1 week ago

Question

★★★★★
The following represents selected information taken from a companys aging schedule to estimate uncollectible accounts receivable at year end. Instructions (a) Calculate the total estimated bad debts...

Answered: 1 week ago

Question

★★★★★
Problem 7-17 (Algo) Comporing Traditional and Activity-Based Product Margins [LO7-1, LO7-3, LO7-4, [07.5] Smoky Mountan Copporation makes two types of hiking boots-the Xtreme and the Pathifindec,...

Answered: 1 week ago

Question

★★★★★
An auto plant that costs $80 million to build can produce a new line of cars that will produce net cash flow of $25 million per year if the line is successful, but only $7.5 million per year if it is...

Answered: 1 week ago

Question

★★★★★
The ABC Company has net written premiums in the amount of $4.12 billion and a policyholders' surplus of $2.84 billion. LMN Inc. has net written premiums in the amount of $9.85 billion and a...

Answered: 1 week ago

Question

★★★★★
I need help identifying the preliminary accounting issues or problems with this case. The case information and facts are below, what problems should be investigated? Grocery Inc. (Grocery or the...

Answered: 1 week ago

Question

★★★★★
Imagine it is currently the first day of 2019. The corporate tax rate is 40% and the WACC is estimated to be 13% pa. Suppose also that there is no surplus cash in any year and that Terminal Value...

Answered: 1 week ago

Question

★★★★★
Offset 00000000 00000010 00000020 00000030 00000040 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00000050 40 00 00 00 40 00 00 00 80 00 00 00 FE 2F 00 00 04 00 00 00 26 98 02 80 00 01 06 00 00 06...

Answered: 1 week ago

Question

★★★★★
1. The following diagram shows a glancing collision of mass 1 and mass 2. Assume that the masses are the same and the surface has no friction. Before Collision After Collision horizontal axis Mass 2...

Answered: 1 week ago

Question

★★★★★
A close friend complains that you are never available to spend time with him or her anymore.

Answered: 1 week ago

Question

★★★★★
Your children tell you that you are always criticizing them. Dont you love us anymore? they ask.

Answered: 1 week ago

Question

★★★★★
Your boss lets you know that you keep arriving late to staff meetings, and this creates problems for everyone in att endance.

Answered: 1 week ago

Previous Question Next Question