User Account

All Pages

Calculate the dollar amount of each type of service

Assignment Help Accounting Basics
Reference no: EM13128700

Rapid Auto has over 200 auto-maintenance service outlets nationwide. It provides primarily two lines of service: oil changes and brake repair. Oil change-related services represent 65% of its sales and provide a contribution margin ratio of 20%. Brake repair represents 35% of its sales and provides a 60% contribution margin ratio. The company's fixed costs are $16,000,000 (that is, $80,000 per service outlet).

Instructions EXCEL

(a) Calculate the dollar amount of each type of service that the company must provide in order to break even.

Reference no: EM13128700

Questions Cloud

Examine the steps involved in the preparation of an advance : Examine the steps involved in the preparation of an advance plan for the distribution of cash in a partnership liquidation to determine which step is the most difficult to execute correctly. Discuss possible ways to address the difficulties you id..
Measuring concentration of acetic acid : Measuring concentration of acetic acid and other organic acids in an aqueous solution, What analytical method would be employed to measure and determine the concentration of each acid in solution. Would this be a GC/MS analysis
What were miller retained earnings : On January 1, 2011 Miller Corporation had retained earnings of $18,000. During 2010, Miller reported net income of $25,000, declared and paid dividends of $20,000, and issued stock for $10,000. What were Miller's retained earnings on December 31, ..
Describe minimize fraudulent activities in organizations : In your opinion, as a body of rules and regulations, Describe whether or not the rules and regulations are sufficient to minimize fraudulent activities in organizations.
Calculate the dollar amount of each type of service : Rapid Auto has over 200 auto-maintenance service outlets nationwide. It provides primarily two lines of service: oil changes and brake repair.
Discuss how the differences in the two approaches ifrs-gaap : Explain whether you prefer the IFRS or GAAP approach taxes and state why. Discuss how the differences in the two approaches (IFRS and GAAP) might be resolved in the convergence process.
Proportion of unemployed college student of margin of error : What size sample would be required to estimate the proportion of unemployed college students if we want the margin of error not to exceed 3 percent?
Biological diversity : Biological diversity, or bio-diversity for short, is the variety of life on earth-its genes, species, populations, and ecosystems. Human actions that have degraded land. Bodies of fresh water, and the oceans have already caused bio-diversity to decli..
Find statistics to know to expose misleading claim : What facts and/or statistics would you need to know to expose this misleading claim? The larger the sample, the more reliable the results." Do you agree or disagree with this statement? Explain.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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