Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 18, 2024

Thanksgiving Inc. manufactures and sells its product i-Radio. Its contribution margin ratio is 30% and the price/unit is $100. At the breakeven point, the revenue

Thanksgiving Inc. manufactures and sells its product i-Radio. Its contribution margin ratio is 30% and the price/unit is $100. At the breakeven point, the revenue is $9,000. What is the total revenue required to achieve a net income of $21,000?

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

Managerial Accounting

Authors: Carl S. Warren, William B. Tayler

16th Edition

0357715225, 9780357715222

More Books

Students also viewed these Accounting questions

Question

★★★★★

Compute the internal of rates of return (IRR) for thru following capital budgeting project project P 45.000 project V 36.000 10.000 Yearproject G 23.000 7.900 7.900 7.900 7.900 81.000 75.000

Answered: 1 week ago

Question

★★★★★

RP-7 Where are the kinesthetic receptors and the vestibular sense receptors located?

Answered: 1 week ago

Question

★★★★★

Did the researcher objectify the human beings who participated in the research study?

Answered: 1 week ago

Question

★★★★★

Earth Company is a manufacturer of circuit boards. The company?s chief financial officer is trying to verify the accuracy of the ending work-in-process and finished goods inventories prior to closing...

Answered: 1 week ago

Question

★★★★★

pls answer part (d) and (e) only QUESTION 2 (25 MARKS) TGM Limited is considering the purchase of a machine. The company desires to finance the project by taking a loan having an interest of 12% per...

Answered: 1 week ago

Question

★★★★★

Assume that you are the CFO of a company contemplating a stock repurchase next quarter. You know that there are several methods of reducing the current quarterly earnings, which may cause the stock...

Answered: 1 week ago

Question

★★★★★

What would be your opinion about these commenta? 1. The problem with prison gangs and violence is that there is no control inside those prisons. Corrections and jail wardens have a hard time...

Answered: 1 week ago

Question

★★★★★

3 Parametric Equations Parametric Equations 1. Consider the parametric equations 3 x= t+1 = 2t 1 (a) For what values of t are the parametric equations defined? (b) Sketch a graph of the curve on the...

Answered: 1 week ago

Question

★★★★★

Complete the MPS record below for a single item. (Enter your responses as integers. A response of "0" is equivalent to being not applicable.) Item: A Order Policy: 100 units Lead Time: 1 week January...

Answered: 1 week ago

Question

★★★★★

Garvin (1988) discusses the evolution of quality concepts or philosophies as comprising of five stages. Identify these stages and establish their relevancy to any organisation today. - 3 marks will...

Answered: 1 week ago

Question

★★★★★

Question 14 Which 2 statements about creating scheduled reports are correct? (Select all that apply) Transactions in bank feeds automatically update before scheduled reports are sent You can schedule...

Answered: 1 week ago

Question

★★★★★

=+ Who has this information?

Answered: 1 week ago

Question

★★★★★

=+ How can this information be obtained from them?

Answered: 1 week ago

Question

★★★★★

=+3. Who is responsible for this project?

Answered: 1 week ago

Previous Question Next Question