Fixed costs amount

Assignment Help Accounting Basics
Reference no: EM13133689

XYZ Company's sales are $750,000 with operating profits of $130,000. If the contribution margin ratio is 40%, what did the fixed costs amount to?

a. $370,000

b. $300,00

c. $270,000

d. $170,000

Reference no: EM13133689

Questions Cloud

How much property tax should be recognized for the year end : When preparing the government-wide financial statements, how much property tax should be recognized for the year ended June 30, 2007?
Find gain in the year the involuntary conversion occurred : on an involuntary conversion in which the taxpayer does not buy replacement property within the replacement period the gain on the involuntary conversion and any tax due must be reported.
Find probability that at most five defective bolts found : Find the probability that at most 5 defective bolts will be found in a box of 200 bolts if it is known that 2 per cent of such bolts are expected to be defective.
Why it is important that any aldehyde used in reaction : Why it is important that any aldehyde used in Witting reaction be free of carboxylic acid impurities?
Fixed costs amount : XYZ Company's sales are $750,000 with operating profits of $130,000. If the contribution margin ratio is 40%, what did the fixed costs amount to?
What are the recognized gain or loss : Raymond exchanges a rental lake house with an adjusted basis of 200,000 and fair market value of 320,000 for a rental beach house with a fair market value of 290,000 and 30,000 cash what are the recognized gain or loss and the basis of the beach h..
When and where the potential unauthorized are occurring : Produce a report of findings with your statement of errrors and potential frauds (and reasons why). List internal controls you may want to add or enforce to reduce the likelihood of future misstatements.
What is unearned revenue and why is it considered liability : What is unearned revenue and why is it considered a liability? When is unearned revenue recognized in the financial statements?
What is happening to students scores over time : What do these different scores tell you about the tests in Weeks 1, 2, 3, and 4? What is happening to the students' scores over time?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Depreciation expense per its tax return

For the year ended December 31, Laramie Industries has a depreciation expense per its tax return greater than its financial statement tax expense, and had recorded warranty expense

  Internal documentation and external documentation

What is the difference between internal documentation and external documentation? Examples? Which type is considered more reliable?

  Ruben corporation-breakeven point

Corresponds to CLO 2(c) Ruben Corporation manufactures and sells T-shirts imprinted with college names and slogans. Last year, the shirts sold for $7.50 each, and the variable cost to manufacture them was $2.25 per unit.

  What is the expected npv

There is also a 40% chance of average demand with cash flows of $30 million per year as well as a 30% chance of low demand with cash flows of only $15 million per year. What is the expected NPV?

  Prepare the journal entries to record the sale

Prepare the journal entries to record the sale on July 15 (ignore cost of goods) and collection on August 15, 2011.

  Discussing benefits of moving in ifrs from gaap

Would you please give me some thoughts about this topic: essay discussing the benefits of moving into IFRS from GAAP or some difficulties on doing it.

  Basis in the partnership interest at particular year

At the end of the year, Roger's share of partnership liabilities increased by $20,000. Roger's basis in the partnership interest at the end of the year is:

  Amount of differential cost increase or decrease

If 15,000 units of the part are normally purchased during the year but could be manufactured using unused capacity, what would be the amount of differential cost increase or decrease from making the part rather than purchasing it?

  Net cash outflows from investing activities

In its statement of cash flows, Peridot should report net cash outflows from investing activities of:

  Determine the adjusting entry

On October 30, Seba Salon, Inc. issued a 90-day note with a face amount of $36,000 to Reyes Products, Inc for merchandise inventory. Determine the adjusting entry for Seba on December 31 assuming the note carries an interest rate of 8%.

  Determining the taxable income

Julie owns 100% and is an active participant in the rental real estate activity. What is Julies taxable income in 2010?

  Compute the amount of gross profit to be recognized

On March 1, 2012, Chance Company entered into a contract to build an apartment building. It is estimated that the building will cost $2,193,000 and will take 3 years to complete. The contract price was $3,043,000. The following information pertain..

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