Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on May 09, 2024

Your company sells 3 0 , 0 0 0 units at $ 2 0 each, which exactly covers fixed costs of $ 1 5 0

Your company sells

30, 000

units at $

20

each, which exactly covers fixed costs of $

150, 000 .

What is the percentage contribution margin?

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 economics applications strategy and tactics

Authors: James r. mcguigan, R. Charles Moyer, frederick h. deb harris

12th Edition

9781133008071, 1439079234, 1133008070, 978-1439079232

More Books

Students also viewed these Accounting questions

Question

The Department of Kids states that the cost of raising a child from birth to the age of legal adulthood is $37000. You think that the cost is much greater. You take a sample of 150 families and...

Answered: 1 week ago

Question

★★★★★

We have looked at the breakeven calculations for a single-product firm. However, most firms make more than one product - or service. Conceptually, multiple-product breakeven is the same as single...

Answered: 1 week ago

Question

★★★★★

CANMNMM January of this year. (a) Each item will be held in a record. Describe all the data structures that must refer to these records to implement the required functionality. Describe all the...

Answered: 1 week ago

Question

★★★★★

Calculate the shape factor f for the wide flange beam shown in the figure if h = 12.2 in., b = 8.08 in., tf = 0.64 in., and tw = 0.37 in. Iw

Answered: 1 week ago

Question

★★★★★

Lionais Company has a foreign branch that earns income before income taxes of 500,000 currency units (CU). Income taxes paid to the foreign government are CU 150,000 (30 percent). Sales and other...

Answered: 1 week ago

Question

★★★★★

An article in Rubber Chemistry and Technology (Vol. 47, 1974, pp. 825836) describes an experiment that studies the relationship of the Mooney viscosity of rubber to several variables, including...

Answered: 1 week ago

Question

★★★★★

1. Understand why a psychological analysis of judicial processes is important in the legal process

Answered: 1 week ago

Question

★★★★★

Only one firm produces and sells soccer balls in the country of Wiknam, and as the story begins, international trade in soccer balls is prohibited. The following equations describe the monopolists...

Answered: 1 week ago

Question

★★★★★

internally consistent models between Free Cash Flow and Equity Cash Flow what it means and why it matters

Answered: 1 week ago

Question

★★★★★

If you invest $19,481 today at an interest rate of 3.71 percent, compounded daily, how much money will you have in your savings account in 17 years?

Answered: 1 week ago

Question

★★★★★

Why are the liabilities and shareholders equity accounts represented as negative on the consolidated balance sheet? LO 2-7 Prepare a worksheet to consolidate the accounts of two companies that form...

Answered: 1 week ago

Question

★★★★★

Country X has the following amounts in its balance of payment accounts: Current Account Capital Account Financial Account $500,000 $100,000 $500,000 If Country X residents buy $700,000 of goods and...

Answered: 1 week ago

Question

★★★★★

James was operating his cabin cruiser with his family a kilometer off the coast when he needed to go below to prepare a meal. He left his twelve-year-old son to drive the boat. While James was below...

Answered: 1 week ago

Question

★★★★★

Hillary deposited $5,000 with a bank and borrowed $5,000 from the bank to make up the $10,000 minimum deposit required to buy a 6-month certificate of deposit. The certificate earned $575 at maturity...

Answered: 1 week ago

Question

★★★★★

The beginning balance in Swan, Inc.'s OAA is $6,700, and the following transactions occur. Depreciation recapture income $21,600 Payroll tax penalty (4,200) Tax exempt interest income 4,012...

Answered: 1 week ago

Question

★★★★★

Please calculate defined benefit expense for 2023 using ASPE and IFRS. Please calculate the right answer. Cheg has been giving the wrong answers. Wildhorse Inc. has a defined benefit plan for its...

Answered: 1 week ago

Question

★★★★★

Why do markets typically lead to an efficient outcome for buyers and sellers?

Answered: 1 week ago

Question

★★★★★

1. Characterize the product space for mobile phones when Iridium began. 2. What trends did Nokia pursue as it designed mobile phone products in the late 1990s? 3. What might a more proactive Motorola...

Answered: 1 week ago

Question

★★★★★

What organizational form would warehouse operators and truck hauling companies adopt?

Answered: 1 week ago

Question

★★★★★

Which of the following products and services are likely to encounter adverse selection problems: golf shirts at traveling pro tournaments, certified gemstones from Tiffanys, graduation gift travel...

Answered: 1 week ago

Question

★★★★★

Use your knowledge of subscripts and addresses to complete the following matrix, given a12 = 9, a21 = 4, a13 = 5, a31 = 2, a23 = 7, and a32 = 3. Since the subscripts are always given in row-column...

Answered: 1 week ago

Question

★★★★★

A company with four retail stores has 35 TVs t, 60 stereos s, 55 VCRs (videocassette recorders) v, and 45 camcorders c in store 1; 80t, 65s, 50v, and 38c in store 2; 29t, 36s, 24v, and 32c in store...

Answered: 1 week ago

Question

★★★★★

Find the break-even point for each of the following monopolistic firms, given (a) R(x) = x + 22x C(x)=7x+36 (c) R(x) = -2x + 85x == C(x) 11x+420 = (b) R(x)=-5x + 163x C(x)=23x + 800 (d) R(x)=-3x+201x...

Answered: 1 week ago

Previous Question Next Question