Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 06, 2024

Winny's Office Furniture has a contribution margin ratio of 16%. If fixed costs are $179,300, how many dollars of revenue must the company generate in

Winny's Office Furniture has a contribution margin ratio of 16%. If fixed costs are $179,300, how many dollars of revenue must the company generate in order to reach the break-even point? Round to two decimal places.

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

Advanced Modelling In Mathematical Finance

Authors: Jan Kallsen, Antonis Papapantoleon

1st Edition

3319458736, 978-3319458731

More Books

Students also viewed these Finance questions

Question

★★★★★

Tampa Office Equipment manufactures and sells metal shelving. It began operations on January 1, 2013. Costs incurred for 2013 are as follows (V stands for variable; F stands for fixed): Direct...

Answered: 1 week ago

Question

★★★★★

The interest rate for the first four years of an $81,000 mortgage loan is 7.5% compounded semiannually. Monthly payments are calculated using a 20-year amortization. What will be the principal...

Answered: 1 week ago

Question

★★★★★

=+ (b) Suppose that 0 p ,, 1, and put , = min{p ,,, 1 -p}. Show that, if E ,, &, diverges, then no discrete probability space can contain independent events

Answered: 1 week ago

Question

★★★★★

An investment offers a 14 percent total return over the coming year. Bill Bernanke thinks the total real return on this investment will be only 9 percent. What does Bill believe the inflation rate...

Answered: 1 week ago

Question

★★★★★

QUESTION 10 Perkins Company reported the following information for the month of August: Net income = $7,500 Cost of Goods sold = $10,700 Wage Expense = $4,800 Other operating expenses = $1,200...

Answered: 1 week ago

Question

★★★★★

ExtraCredit-06: Problem 1 Problem Value: 1 point(s). Problem Score: 38%. Attempts Remaining: Unlimited. (1 point) Running heart rate ~ Jose is a physician who is researching to what extent running...

Answered: 1 week ago

Question

★★★★★

As a project manager, you want to increase the involvement of a key stakeholder in the development process. Your team has just finished designing a new feature. You reach out to the stakeholder for...

Answered: 1 week ago

Question

★★★★★

Which of the following is true concerning nontraditional projects? Group of answer choices Success is measured solely by the Triple Constraints We have periodic rather than real time reporting...

Answered: 1 week ago

Question

★★★★★

1. On what side of the spectrum do you stand with respect to its two competing interests (freedom versus security)? 2. Give at least three (3) examples of the social contract theory in your everyday...

Answered: 1 week ago

Question

★★★★★

Placing a high importance on workplace safety is associated with being ethically responsible is an argument that makes intuitive sense. Organizations that maintain an interest in the fair treatment...

Answered: 1 week ago

Question

★★★★★

Ponderosa Farms purchased some equipment on January 1, 2020 for $12,600. The equipment has an estimated useful life of 10 years and an estimated residual value of $1,200. The company uses double-...

Answered: 1 week ago

Question

★★★★★

respublicanskie (republican, having their headquarters in the republics, and directly supervising sectors which were focused on local needs such as intrarepublic transportation, and which were...

Answered: 1 week ago

Question

★★★★★

The leadership had no authority to make independent decisions about using the cooperatives income, alienation of the cooperatives means of production and how the means of production would be used.

Answered: 1 week ago

Question

★★★★★

the articulation and coordination of a range of production facilities through a central plan;

Answered: 1 week ago

Previous Question Next Question