Required to keep contribution margin ratio constant

Assignment Help Mathematics

Reference no: EM13942190

George Corp. has annual revenues of $375,000, an averagew contribution margin ratio of 32%, ans fixed expenses of $150,000.

Consider Exercise 12-8-a. What is the selling price required to keep contribution margin ratio constant?

NOTE: Type your answer as a number with THREE decimal places (in the format 9.999 or 99.999).

Consider Exercise 12-8-b. How many units of the new product must be sold (if the selling price is $14.00) to breakeven on the new product?

HINT: The only relevant fixed costs for this question are those associated with the new product ($30,600).

NOTE: Type your answer as a whole number with a comma (in the format 9,999 or 99,999).

Reference no: EM13942190

Questions Cloud

Treasury bills have produced the returns : Over the past 4 years, large-company stocks and U.S. Treasury bills have produced the returns stated below. Given this information, 1. What are the average rates of return on large-company stocks and Treasury bills? 2. What are the standard deviation..

How to use casscading style sheets to implement my web page. : I need to create links, buttons, and use java scripts. No Equations are involved. Although just alot of code.

Discusses a famous paradox from ancient greece : Our text discusses a famous paradox from ancient Greece, the so-called sorites paradox. The Greeks (as well as many other ancients) were interested in paradoxes because they seemed to present unresolvable logical or mathematical difficulties but whic..

Value at maturity if the interest is reinvested in deposit : A person places $5,000 in a certificate of deposit that matures in 20 years and pays annual interest rate of 3%. What will be the value at maturity if the interest is reinvested in the deposit? How much interest will accumulate after 20 years?

Required to keep contribution margin ratio constant : Consider Exercise 12-8-b. How many units of the new product must be sold (if the selling price is $14.00) to breakeven on the new product?

Should the government raise the minimum wage : Do you think Walmart should raise wages to $15/hour to match what labor activists are calling for? Why or why not? Should the government raise the minimum wage and if so, to what level? Please support your answer

Identify the causes of sexual offending : While a great deal of research has been conducted attempting to identify the causes of sexual offending, a general consensus has not been reached. Instead a mix of social, environmental, psychological, and biological factors have been found to con..

Determine temperature of a flat piece of the coated aluminum : Determine the equilibrium temperature of a flat piece of the coated aluminum that is exposed to solar irradiation, GS = 1368 W/m2 on its upper surface. The opposite surface is insulated.

Problem regarding the strategy recommendation : Identifies the specific business (for example, Barnes and Noble, Mike's Plumbing) that you will use for your strategy recommendation.

User Account

All Pages