Store contribution margin

Assignment Help Accounting Basics
Reference no: EM131007903

The cost of goods sold in a retail store totaled $650,000. Fixed selling and administrative expenses totaled $115,000 and variable selling and administrative expenses were $420,000. If the store's contribution margin totaled $590,000, how much were the sales?

Reference no: EM131007903

Questions Cloud

Problem regarding the liters of material o55p : You've been asked to determine the relevant cost of 900 liters of the material to be used in a job for a customer. What is the relevant cost of the 900 liters of material O55P?
Percentage change in the price level from one time period : The percentage change in the price level from one time period to the next, whether the price level is measured in terms of money or as a price index, will be the _____________.
Technologically obsolete machine : Denny Corporation is considering replacing a technologically obsolete machine with a new state-of-the-art numerically controlled machine. The new machine would cost $600,000 and would have a 10-year useful life.
Communications about job prospects in the economy : The extent of _______________________ will depend on how easy it is for workers to learn about alternative jobs, which may reflect the ease of communications about job prospects in the economy.
Store contribution margin : The cost of goods sold in a retail store totaled $650,000. Fixed selling and administrative expenses totaled $115,000 and variable selling and administrative expenses were $420,000. If the store's contribution margin totaled $590,000, how much wer..
Describe geometrically the meaning of given double integral : Describe geometrically the meaning of the double integral ∫∫C (x2 + y2) dA, where C is the circle of radius 2 centered at the origin. (Draw a picture if words fail you.) Then compute the value of this integral.
The country has access to international capital markets : Suppose a country has an investment opportunity that costs them 10 units of current consumption for an increase in 20 units of future consumption. The current and given real rate of interest is 10% (0.10). GDP, without the investment, in period 0 and..
Budgeted maintenance cost per machine-hour : The performance report for July showed that actual maintenance costs totaled $11,315 and that the associated rate variance was $146 unfavorable. If 7,300 machine-hours were actually worked during July, what is the budgeted maintenance cost per mac..
Considered in making the decision to expand the business : The owner of a small printing company is considering the purchase of additional printing equipment to expand her business. If the owner expands the business and sales are high, projected profits (minus the cost of the equipment) should be $90,000; Ar..

Reviews

Write a Review

Accounting Basics Questions & Answers

  Language of business

Is accounting the thought to be language of business because business information is communicated to users

  Determine total product cost using the sequential method of

delille company manufactures both traditional toothpaste and geltoothpaste with each type of toothpaste produced in

  Write answers for below questions in detailso explain the

write answers for below questions in detailso explain the components of cost-volume-profit analysis.nbsp o what does

  Wells company expects sales product w to be 60000 units in

wells company expects sales product w to be 60000 units in april. 75000 units in may. 70000 units in june. inventory on

  The websites of procter & gamble and harley davidson

Visit the websites of Procter & Gamble and Harley Davidson

  Within a hierarchical database

Within a hierarchical database, what is the name for the built-in linkages in data tables? Which data relationships can be contained in a hierarchical database?

  Concerned with the personal development of others

Shirley works in the human resource department at Turtle Shells, Inc. She believes she is seeing an increase in drinking problems among the workforce. She thinks she needs to investigate further. She is at what stage of the managerial decision mak..

  Tax consequences of the partnership formation

Justin and Tiffany form the equal TJ Partnership, Justin contributes cash of $20,000 and land (fair market value of $80,000, adjusted basis of $65,000), and Tiffany contributes the assets of her sole proprietorship (value of $100,000, adjusted bas..

  Suppose you are comparing two firms within an industry one

suppose you are comparing two firms within an industry. one is large and the other is small. will relative or absolute

  Acquisition basis for building

He also gives the sellers $100,000 of marketable securities that he purchased three years ago for $125,000 and paid a finder's fee of $5,000, legal fees of $6,000, and transfer taxes of $12,000. What is William's acquisition basis for the building..

  A company has debentures outstanding par value 1000 that

a company has debentures outstanding par value 1000 that are convertible into common stock at a price of 40 per share.

  Sininsky corporation is a small producer of synthetic motor

sininsky corporation is a small producer of synthetic motor oil. during may the company produced 5000 cases of

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