User Account

All Pages

Find the contribution margin ratio

Assignment Help Accounting Basics
Reference no: EM133079142

Question - The vice-president of sales and marketing, Madison Tremblay, is trying to plan for the coming year in terms of production needs to meet the forecast sales. The board of directors is very supportive of any initiatives that will lead to increased operating income for the company in the upcoming year. Waterways markets a simple water controller and timer that it mass-produces. During 2022, the company sold 355,000units at an average selling price of $8.00 per unit. The variable costs were $1,881,500, and the fixed costs were $953,100.

1) Find the contribution margin ratio.

2) Find the break-even point in sales units.

3) Find the break-even point in sales dollars.

4) Find the margin of safety in dollars.

5) Find the margin of safety ratio.

6) Find what waterways would have to sell as additional units.

7) Find by how much income will increase.

Reference no: EM133079142

Questions Cloud

What average return did you earn : You invested $10,000 in large U.S. stocks at the beginning of 2016 and earned 6.0% in 2016, What average return did you earn
What is the average revenue : If the market price is 1.00, what is the Average Revenue? Place your answer in the space provided below. Assume that the firm is a price taker operating in a pe
How is populism conceptualized in the article : How is populism conceptualized in the article and What how you learned from reading the article and what would you have done differently
Calculate national savings : Use the following information to answer the question(s) that follow(s).
Find the contribution margin ratio : The variable costs were $1,881,500, and the fixed costs were $953,100. Find the contribution margin ratio. Find the break-even point in sales dollars
Illustrate the different amounts of a product : Market demand and market supply illustrate the different amounts of a product that all buyers in a market would demand and all sellers in a market would supply
Description of the market failure : We have now explored a number of economic models that help to explain how markets work. We identified perfect competition as a traditionally accepted model of e
What are the recent events in hospitality industry : What are the recent events in hospitality industry as pertain to labour market
What is the amount of the acquisition date : The appraised value of Shipper's plant assets is P300,000. What is the amount of the acquisition date worksheet

Reviews

Write a Review

Accounting Basics Questions & Answers

  Which representation letter issued by a client

Which representation letter issued by a client? reduces the auditor's responsibility only to the extent it is relied upon./ is a substitute for testing

  Assume that the business in exercise 7 to 5 maintains

Determine the cost of merchandise sold for each sale and the inventory balance after each sale, presenting the data in the form illustrated in Exhibit 3.

  Compute the total cost of units in ending work

Compute the total cost of units in ending work in process inventory? What is the equation used? Would this be a conversion equation

  What will be the effect on the balance sheet

What will be the effect on the balance sheet when a previously written-off claim is paid, if the company uses the Allowance Method?

  Identify and assess the fraud

Based on your research, identify and assess the fraud that occurred in the organization, as well as the impact that the fraud had on the corporation's investors and creditors.

  Entity efficiency and effectiveness achieving performance

Service performance information according to AASB relates to the delivery of goods and/or services with the intention of having a positive impact on society or segments of society, the entity's efficiency and effectiveness in achieving its service ..

  The business processes that apply to this business

What are the business processes that apply to this business? How would the business processes change if Calpe Cues expanded to a regional focus?

  What accounting method should hariette choose

Determine how much to set aside for her estimated taxes. What accounting method should Hariette choose when she runs the Profit and Loss report?

  Define a format for the type of report

Wage Cost Report - Define a format for the type of report that is suitable for use in the hospitality context (Content)

  Record the general journal entries for String Music

Mar 3 Purchased a Steinway piano (inventory) for $43,000, signing a six-month, 10% note. Record the general journal entries for 5 String Music

  Prepare the journal entry for joker collection

Prepare journal entry for Joker's collection of $450,000 of the accounts receivable during 201X. For each journal entry write Dr. for debit and Cr. for credit

  Describe the major funds for a governmental entity

Describe the major funds for a governmental entity and what items belong in those funds

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