User Account

All Pages

Find out the dollar amount for each type of service company

Assignment Help Financial Accounting
Reference no: EM132940732

PDQ Repairs has 200 auto-maintenance service outlets nationwide. It performs primarily two lines of service: oil changes and brake repair. Oil change-related services represent 80% of its sales and provide a contribution margin ratio of 20%. Brake repair represents 20% of its sales and provides a 45% contribution margin ratio. The company's fixed costs are $15,770,000 (that is, $78,850 per service outlet).

Question 1: Find out the dollar amount for each type of service the company provides in order to break even.

Reference no: EM132940732

Questions Cloud

Show the journal entry that Banshee Corp would make : Show the journal entry that Banshee Corp would make to record the bond issue on January 1, 2011
Prepare a business case arguing for a selected domestic : Becoming An Mnc: Building A Case To Take A Domestic Firm Overseas - What should I do and produce
What is the minimum taxable capital gain : Jill Overland's 2020 tax return has the following information: CAPITAL GAINS Shares $1,500. What is the minimum taxable capital gain
Compute the contribution margin in dollars : In the month of June, Jose Hebert's Beauty Salon gave 4,200 haircuts, Compute the contribution margin in dollars, per unit, and as a ratio
Find out the dollar amount for each type of service company : Find out the dollar amount for each type of service the company provides in order to break even. PDQ Repairs has 200 auto-maintenance service outlets nationwide
How much is the net realizable value of accounts receivable : Smithson estimates that 5% of accounts receivable will prove to be uncollectible. How much is the net realizable value of accounts receivable at year end
What is the purpose of net present value : What is the purpose of net present value? To determine the amount of time it will take to pay off a debt
Find with an incremental analysis : Find with an incremental analysis. Moonbeam Company manufactures toasters. For the first 8 months of 2020, the company reported
Determine with an incremental analysis for the special order : Determine with an incremental analysis for this special order. Fixed costs for period were cost of goods sold $960,000, and selling and administrative expense.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Fred needs to start

Fred needs to start saving for retirement

  Explain the financial leverage

Define The bonds and its advantages and disadvantage. Explain the financial leverage,Investment in marketable securities and accounting treatment

  What was out net income or loss for the year

On January 1, 2011 we started a new business by investing cash of $10,000 and equipment of $9,000. During the year we withdraw $2,000. When we prepare of Statement of Owners Equity we note a final balance of $21,000. Based on this information, what w..

  Difference between an edlp retailer and high-low retailer

Which of the four approaches to setting a price does Carmex use for its products? Should one approach be used exclusively? Why do many Carmex product prices end in 9? What type of pricing is this called? What should happen to demand when this approac..

  Prepare consolidated financial statements

Marley Pty Ltd is the parent of Butterscotch Pty Ltd. In which of the following situations will Marley Pty Ltd not be required to prepare financial statements

  Find what price should be charged

Fixed cost at a volume of $50,000 units. If the company marks up total cos by 0.46, what price should be charged if 58,000 units are expected to be sold?

  Differences in measurement focus and basis of accounting

Accounting and financial reporting for state and local governments use, in different places, either the economic resources measurement focus and the accrual basis of accounting or the current financial resources measurement focus and the modified acc..

  Present a schedule showing how december investment balance

Find and Present a schedule showing how the December 31, 2021 investment balance on Palmetto's books, shown in its trial balance, was calculated.

  Jesper parnevik plans to contribute

Jesper Parnevik borrowed $96,370 on March 1, 2012. This amount plus accrued interest at 10% compounded semiannually is to be repaid March 1, 2022. To retire this debt, Jesper Parnevik plans to contribute to a debt retirement fund five equal amounts s..

  Find a person who has been involved in cash inventory

Find a person who has been involved in cash inventory or receivable management in any form of business ( sole proprietorship, partnership or corporation).

  Make the adjusting entries to report the investment

One of the main indicators of whether control has passed to the customer is whether revenue has been earned. Is this statement correct?

  How much should be reported as unrealized gain or loss

How much should be reported as unrealized gain or loss as a component of equity on December 31, 2018? The bonds were selling at 103 on December 31 2018.

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