Last year a company reported 750000 in sales and a net

Assignment Help Accounting Basics
Reference no: EM13483252

last year a company reported $750,000 in sales and a net operating income of $25000. At the break even point, the company's total contribution margin equals $50000. Based on this information the company is A contribution margin is 40%, break even point is 24000 units ,variable expense is $9 variable expense are 60% of sales.

Reference no: EM13483252

Questions Cloud

Food to go delivery service disposed of one of their : food to go delivery service disposed of one of their delivery cars after using it for two years. the records of the
Purchases on landscaping supplies direct materials are paid : environmental landscaping inc. is preparing its budget for the first quarter of 2012. the next step in the budgeting
Sppose congress changed the tax laws so that menendezs : the menendez corporation expects to have sales of 12 million in 2002. costs other than depreciation are expected to be
Budgeting usually begins with the sales forecast since this : the following is a statement by a management consultantmany managers claim that budgets are impractical because
Last year a company reported 750000 in sales and a net : last year a company reported 750000 in sales and a net operating income of 25000. at the break even point the companys
A financial planner is examining the portfolios held by : a financial planner is examining the portfolios held by several of her clients. the portfolios are described below.
Shrieves chooses strictly on the basis of after-tax : the shrieves corporation has 10000 that it plans to invest in marketable securities. it is choosing between atampt
Columbia bank and trust is considering giving gallup : columbia bank and trust is considering giving gallup company a loan. before doing so it decides that further
Daba company manufactures two products product f and : daba company manufactures two products product f and product g. the company expects to produce and sell 1420 units of

Reviews

Write a Review

Accounting Basics Questions & Answers

  Determining variable and absorption costs

Assume that the company uses variable costing, compute the unit cost for one knife set? Assuming that the company uses absorption costing, compute the unit cost for one knife set.

  Anticipated sales for safety grip company were 42000

anticipated sales for safety grip company were 42000 passenger car tires and 19000 truck tires. rubber and steel belts

  Evaluate the effectiveness of the company disaster recovery

assess the short- and long-term impact the disaster had to the business and stakeholders. Provide specific examples to support your response.

  Understanding of the balance sheet-income statement

Discuss how your understanding of the balance sheet and income statement may be applied to your current or future position.

  The note received on november 1 and the companys year-end

abc inc. has a 6-month 10000 note receivable bearing 12 apr interest. the note received on november 1 and the companys

  Mathis inc is a designer and manufacturer of womens

mathis inc. is a designer and manufacturer of womens clothing and specializes in high-end womens winter fashions.

  What is the difference between a current liability for an

what is the difference between a current liability for an uncertain amount and a contingent liability? give an example

  When auditing financial statements of a private company the

when auditing financial statements of a private company the minimum work an auditor must perform in connection with a

  Information about occupational fraud and abuse

Explain the impact of occupational fraud and abuse on the company. Explain the four potential corruption schemes to be aware of within the company?

  Traits refers to high levels of effort

Which one of the following traits refers to high levels of effort and is characterized by achievement, motivation, ambition, energy, tenacity, and initiative?

  Determine the amount of cash collected from receivables

During the accounting period, Springfield recorded $32,000 of service revenue on account. The company also wrote off a $300 account receivable.

  Current financial reporting requirement

What is the current financial reporting requirement for charity care? Do you agree or disagree with the current financial reporting requirement?

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