Boise corp had a margin of safety of 394000 last month with

Assignment Help Accounting Basics
Reference no: EM13567351

Boise Corp had a margin of safety of $394,000 last month, with sales revenue of $1,120,000 and fixed costs of $333,960.

a.What are break-even sales?

b.What is the contribution margin ratio?

c.How much profit did Boise earn last month?

d.How much would sales have to increase for Boise to earn profit of $652,280?

Reference no: EM13567351

Questions Cloud

Susan brauns regular hourly wage rate is 16 and she : susan brauns regular hourly wage rate is 16 and she receives an hourly rate of 24 for work in excess of 40 hours.
The annual return on the stock market during the past 3 : linke motors has a beta of 1.30 the t-bill rate is 3.00 and the t-bond rate is 6.5. the annual return on the stock
The current price of a stock is 50 the annual risk-free : the current price of a stock is 50 the annual risk-free rate is 6 and a 1-year call option with a strike price of 55
If the appropriate required rate of return for adms stock : the current price of adms stock po is 20 and the company is expected to pay a 2.20 dividend next year. if the
Boise corp had a margin of safety of 394000 last month with : boise corp had a margin of safety of 394000 last month with sales revenue of 1120000 and fixed costs of 333960.a.what
The level of inventory of a manufactured product has : the level of inventory of a manufactured product has increased by 8000 units during a period. the following data are
A minimum cash balance of 10000 is required and the cash : elizabeth company is preparing its master budget for the quarter ending march 31. it sells a single product for 20 a
Project management dissertation can you help in deciding a : can you help in deciding a project management dissertation topic for a person who have an engineering grade level
T-log atlantic video atlantic video a small video rental : atlantic video atlantic video a small video rental store in philadelphia is open 24 hours a day anddue to its proximity

Reviews

Write a Review

Accounting Basics Questions & Answers

  Re-figuring the depletion rate for year

Change in estimated amount of ore to be mined from year one to year 2. year 1 is 400000 and year 2 is 487500 tons. mined 50000tons in first year and mined 80,000 tons second year of which 60000 tons sold residual or salvage value of the land is $1..

  Statement of cost of goods manufactured

Selling and administrative expenses were $508,000. Income taxes should be computed at 40 percent. Prepare a statement of cost of goods manufactured for the first quarter of 20xx.

  Amount of interest income of foster company

On January 1, 2004, Foster Company sold property to Agler Company which originally cost Foster $570,000. There was no established exchange price for this property.

  Question on maturity matching principle

Describe the maturity matching principle. What are the risks of not matching maturities? How would you characterize a firm that ignores the principle? Can you think of situations in which it would be advisable for an otherwise prudent firm to dev..

  The quantity of money in the hands of the public to increase

Why might the Fed find it significantly easier to expand the money stock in a period of prosperity than in a period of recession? What must the Fed be able to do if it wants the quantity of money in the hands of the public to increase?

  The management of california corporation is considering the

1 - a company is contemplating investing in a new piece of manufacturing machinery. the amount to be invested is

  Calculate controlling interest in consolidated net income

Percy reported net income from its own operations of $720,000 in 2011 and $760,000 in 2012. Smyth reported net income of $400,000 in 2011 and $460,000 in 2012. Neither company declared dividends in either year.

  Estimate the revenue, expense, and gross profit

How should A.J. Smith recognize revenue on the extended warranty contracts?

  Phipps manufactures circuit boards in division a

Phipps manufactures circuit boards in Division A, a country with a 30% income tax rate, and transfers them to Division B, a country with a 40% income tax. An import duty of 15% of the transfer price is paid on all imported products.

  Prepare the journal entry to record the purchase of the call

Prepare the journal entry to record the purchase of the call option on January 2, 2014.

  Determine the monthly break-even in unit sales

Heckaman Corporation produces and sells a single product. Data concerning that product appear - Determine the monthly break-even in unit sales.

  Basics of break-even point

Once the break-even point is reached:

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd