Determine contribution margin

Assignment Help Financial Accounting
Reference no: EM1311851

Calculate the following Contribution margin, break even, targeted profit.

Gilley, Inc., sells a single product.The company's most recent income statement is given below.

Sales (4,000 units)

$120,000

Less variable expenses

-68,000

Contribution margin

52,000

Less fixed expenses

-40,000

Net income

12000

a.Contribution margin per unit is $______

b. If sales are doubled to $240,000, total variable costs will equal $ _______________

c.If sales are doubled to $240,000, total fixed costs will equal $ _______________

d.If 10 more units are sold, profits will increase by $ _______________

e. Compute how many units must be sold to break even. # _______________

f.Compute how many units must be sold to achieve profits of $20,000. #_________

Reference no: EM1311851

Questions Cloud

Approximation the structure''s rotational speed at impact : If it started falling from an upright position, what was the initial angular acceleration of the structure? suppose that the bottom did not slide across the floor and that it did not fall out of plane; that is, during the fall, the structure remained..
Evaluate the breakeven point : Evaluate the breakeven point in batteries and determine the margin of safety, assuming sales total $60,000?
Factors that monetary strategy makers : Compare your answers to part d of problem 2 with those of part a of this problem also elucidate why they are different
Compute total cost and total revenue : Answer the following questions on the basis of the monopolist's situation illustrated in the following graph.
Determine contribution margin : Determine the following Contribution margin, break even, targeted profit and Gilley, Inc., sells a single product.The company's most recent income statement.
What is an angular acceleration of the pulley : A shuffleboard disk is accelerated to the speed of 6.1 m/s and released. If the coefficient of kinetic friction between disk and the concrete court is 0.30, how far does the disk go before it comes to a stop? The courts are 14.5m long.
Time required by a rocketship to attain the speed of light : Assume a rocketship in deep space moves with constant acceleration equal to 9.8 m/s2, which gives the illusion of normal gravity during the flight. Estimate the time required by a rocketship to attain the speed of light and the distance travelled t..
Find out the total hours per week : The following table shows the hours per week supplied to a particular market by three individuals at various wage rates. Calculate the total hours  Per week (Q T ) supplied to the market.
Government would have to do to keep the unemployment : Give reasons to elucidate what the government would have to do to keep the unemployment rate at 3 percent.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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