User Account

All Pages

Determine the contribution margin in dollars

Assignment Help Accounting Basics
Reference no: EM133185268

Question - CVP - In the month of April, Robles Salon gave 2,500 haircuts, shampoos, and permanents at an average price of $40. During the month, fixed costs were $20,000 and variable costs were 75% of sales.

Required -

(a) Determine the contribution margin in dollars, per unit, and as a ratio.

(b) Using the contribution margin technique, compute the break-even point in dollars and in units.

(c) Compute the margin of safety dollars and as a ratio.

Reference no: EM133185268

Questions Cloud

What would have been the cost of goods sold : If there was no ending inventory from the first quarter, with the same levels of sales, what would have been the cost of goods sold during the second quarter
Calculate the ending equity : Doc's Ribhouse had beginning equity of $76,000; net income of $43,000, and withdrawals by the owner of $20,000. Calculate the ending equity
What is the forecast annual profit : If the machine is acquired, its production activity is forecast to generate revenue of £830,000 per year. What is the forecast annual profit
What amount of cost of sales should be reported : Crimson Company leased equipment to Lind Company on January 1, 2020 for an eight year period. What amount of cost of sales should be reported
Determine the contribution margin in dollars : In the month of April, Robles Salon gave 2,500 haircuts, shampoos, and permanents at an average price of $40. Determine the contribution margin in dollars
Discuss the purpose of the record date for cash dividends : Discuss the purpose of the record date for cash dividends. Discuss the process of declaring a dividend and how dividends are paid to shareholders
HUMN 1042 People, Place and Social Difference Assignment : HUMN 1042 People, Place and Social Difference Assignment Help and Solution, Western Sydney University - Assessment Writing Service
What is the required return : Big Pond Inc. has an issue of preferred stock outstanding that pays a $4.75 dividend every year in perpetuity. What is the required return
Actual distribution of income and wealth : Why does the actual distribution of income and wealth vary in the U.S? Consider the statistical data indicating higher annual income for households

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