User Account

All Pages

How much would the company have to sell in order to achieve

Assignment Help Microeconomics
Reference no: EM131017315

This is an exam practice question which I have been unable to figure out. I am not sure if contribution margin or contribution margin ratio has something to do with the final answer. The final answer is given to us and it is $440,000.

A company has sales of $300,000 with variable expenses of $210,000, fixed expenses of $110,000, and net loss of $20,000. How much would the company have to sell in order to achieve an operating income of 5% of sales?

Reference no: EM131017315

Questions Cloud

Describe what the value represents in practical terms : Describe what this value represents in practical terms. Choose the correct answer below. Both companies charge $67.20 for 80 miles driven.
How disciplinary procedures affect the labor-management : Discuss how disciplinary procedures affect the labor-management agreement. Should the company's treatment of the grievant for the first two "sleeping on the job" incidents influence the outcome in this case? Explain
Which molecule(s) would dissolve in water : Which molecule(s) would dissolve in water based on polarity? Select all that apply.  A. CH4  B. C2H6  C. C6H6  D. CH3CH2 CH2 CH2 CH2 CH2OH  E. C5H10O5
Briefly instruct the class how the test works : The type of tests you performed in lab would be qualitative test.  You can tell whether a substance is present or absent by a color change, but you cannot tell how much.  I would like you to go to the web and find similar tests (either qualitative or..
How much would the company have to sell in order to achieve : A company has sales of $300,000 with variable expenses of $210,000, fixed expenses of $110,000, and net loss of $20,000. How much would the company have to sell in order to achieve an operating income of 5% of sales?
Advantages and disadvantages of financing with a portfolio : Compare two (2) methods that a company can use in order to finance international trade. Examine the advantages and disadvantages of financing with a portfolio of currencies
Was the employer discharge of drake and keeler : Was the employer's s discharge of Drake and Keeler ran unfair labor practice under the LMRA, as amended? If so, what should be the appropriate remedy
The variable costing unit product cost : Sharron Inc., which produces a single product, has provided the following data for its most recent month of operations:
In biological macromolecules like proteins : In biological macromolecules like proteins, the hydrophobic residues tend to clump together in the interior of the folded structure. What is the best explanation for why this occurs?

Reviews

Write a Review

Microeconomics Questions & Answers

  The free rider problem

Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.

  Failure of the super committee is good thing for economy

Some commentators have argued that the failure of the “Super committee” is good thing for the economy?  Do you agree?

  Case study analysis about optimum resource allocation

Case study analysis about optimum resource allocation: -  Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..

  Fixed cost and vairiable cost

Questions:  :   Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month?  Explain your choice.

  Problem - total cost, average cost, marginal cost

Problem - Total Cost, Average Cost, Marginal Cost: -  Complete the following table of costs for a firm.  (Note: enter the figures in the  MC   column  between  outputs of  0 and 1, 1 and 2, 2 and 3, etc.)

  Oligopoly and demand curve problem

Problem based on Oligopoly and demand curve,  Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?

  Impact of external costs on resource allocation

Explain the impact of external costs and external benefits on resource allocation;  Why are public goods not produced in sufficient quantities by private markets?  Which of the following are examples of public goods (or services)? Delete the incorrec..

  Shifts in demand and movements along the demand curve

Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..

  Article review question

Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:

  Long-term growth, international trade & globalization

Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..

  European monetary union (emu) in crisis

"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"

  Development game “settlers of catan”

Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"

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