Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 24, 2024

The asnwer is d but I'm having trouble getting to it. Need help ! Thank You 14, Peter Co. has a contribution margin ratio of

The asnwer is d but I'm having trouble getting to it. Need help ! Thank You

image text in transcribed

14, Peter Co. has a contribution margin ratio of 30% and a breakeven point of $60,000 in sales. If the firm reports net income of $75,000 after taxes of 50%, what were total sales for the year? a. $150,000 b. $280,000l c. $430,000 d. $560,000

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

Cost Accounting A Managerial Emphasis

Authors: Charles T Horngren

6th Edition

0131795082, 978-0131795082

More Books

Students also viewed these Accounting questions

Question

★★★★★

Consider production ratios of 2:1:1, 3:2:1, and 5:3:2 for oil, gasoline, and heating oil. Assume that other costs are the same per gallon of processed oil. a. Which ratio maximizes the per-gallon...

Answered: 1 week ago

Question

★★★★★

Body Temperatures Repeat Exercise 7 Body Temperatures using all of the 8 AM and 12 AM body temperatures on Day 2 as listed in Data Set 2 Body Temperatures in Appendix B. Use a significance level of...

Answered: 1 week ago

Question

★★★★★

What do you think you will bring to the organization?

Answered: 1 week ago

Question

★★★★★

Lucy Loiselle and Abby Ready formed a partnership on March 15. The partners agreed to invest equal amounts of capital. Loiselle invests her proprietorships assets and liabilities (credit balances in...

Answered: 1 week ago

Question

★★★★★

On October 1, Year 1, Test Company purchased $80,000,6% A Company bonds for $80,000. The bonds pay interest quarterly with the next interest payment due on January 1. Test Company management plans to...

Answered: 1 week ago

Question

★★★★★

Hi could you help me with question 10? I have completed and attached qn 1 and its related to parts 3 and 4 and have also attatched the casual loop structure for parts 1 and 2, The problem chosen is...

Answered: 1 week ago

Question

★★★★★

14. If the potential at any point in two dimensional pla is given as V(x)=4x +4. Find the electric field an potential at (2, 0).

Answered: 1 week ago

Question

★★★★★

15. Four point charges of magnitude 2 C, -2, -3 and 6 C are kept at the four vertices of a square ABCD, with side 2 m. Find out the potential at the centre of the square.

Answered: 1 week ago

Question

★★★★★

16. At what point of the line joining the charges 3 nC and -2 nC, kept 15 cm apart, the potential is zero? Consider the potential at infinity to be zero. Hint: Accordin

Answered: 1 week ago

Question

★★★★★

17. Find out the work done in carrying a small charge of -2nC from a point (0, 0, 0.03 m) to (0, 0.04 m, 0) through (0,0.06m, 0.05 m). Consider the charge 8103 C is placed at origin. Hint: Potenti

Answered: 1 week ago

Question

★★★★★

18. Surface charge density of a thin planar sheet, = 106 C/m. Two equipotential surfaces, at the potential difference 10 V all drawn due to the given sheet. Calculate the distance of the...

Answered: 1 week ago

Question

★★★★★

What are the advantages and disadvantages of seeking an external candidate as part of a succession plan?

Answered: 1 week ago

Question

★★★★★

Succession planning is very uncommon among public health organizations. What are some reasons for this? In your opinion, are these reasons valid?

Answered: 1 week ago

Question

★★★★★

Succession planning is widely practiced in industry. It is fairly common among large hospitals and medical centers. In your opinion, why is this so?

Answered: 1 week ago

Previous Question Next Question