The contribution margin ratio is 30 for the honeyville

Assignment Help Accounting Basics
Reference no: EM13572504

The contribution margin ratio is 30% for the Honeyville Company and the break-even point in sales is $150,000. If the company's target net operating income is $60,000, sales would have to be:

A. $200,000
B. $350,000
C. $250,000
D. $210,000

Can someone help explain this problem to me, I have the answer ($350,000) but have no idea how to get there with the given parts.

Reference no: EM13572504

Questions Cloud

The company expects to sell about 10 of its merchandise for : the company expects to sell about 10 of its merchandise for cash. of sales on account 70 are expected to be collected
A company had common stock with a total par value of : a company had common stock with a total par value of 18000000 and fair value of 62000000 and 7 preferred stock with a
Determine nikes accounting equation by calculating the : the following items were taken from the balance sheet of nike inc.1cash2291.102accounts receivable2883.903common
It is claimed that in an efficient market all investments : it is claimed that in an efficient market all investments are zero npv investments. explain what this statement means.
The contribution margin ratio is 30 for the honeyville : the contribution margin ratio is 30 for the honeyville company and the break-even point in sales is 150000. if the
Businesses often feel too busy to plan for the future a : businesses often feel too busy to plan for the future. a study by willard amp shullman group ltd. found that fewer than
Each unit requires 5 pounds of raw materials costing 3 per : dallas industries has adopted the following production budget for the first 4 months of
Randolph is a 30 partner in the rd partnership on january 1 : randolph is a 30 partner in the rd partnership. on january 1 rd distributes 15000 cash an investment with a fair value
How much money should be invested now at 7 so that the : the cost of a four-year college education at a public university is expected to be 7000 a year in 18 years. how much

Reviews

Write a Review

Accounting Basics Questions & Answers

  Population for test consists

To determine whether accounts payable are complete, an auditor performs a test to verify that all merchandise received has been recorded. The population for this test consists of all:

  Soft cushion company scc is highly decentralized

Soft Cushion Company (SCC) is highly decentralized. Each division is empowered to make its own sales decisions. The Assembly Division can purchase a key component-stuffing-from the Production Division or from external suppliers.

  The company uses the straight-line method to amortize

On January 1, a company issued and sold a $394,000, 9%, 10-year bond payable, and received proceeds of $389,000. Interest is payable each June 30 and December 31. The company uses the straight-line method to amortize the discount. The journal ..

  Describe the discrepancy between diamond foods

Describe the discrepancy between Diamond Foods, Inc.'s description of payments to walnut growers and what the farmers themselves say the payments are for

  Compute the year-end balance of retained earnings

Eau Claire Paper Mill, Inc., had, at the beginning of the current fiscal year, April 1, 2010, retained earnings of $323,325.

  Prepare the financial statements for tango

Prepare the financial statements for Tango at in good form - Income statement and Principal and interest are due at maturity of the loan on March

  Determine consolidated net income-transfer prices

Slagle Corporation is a large manufacturing organization. Over the past several years, it has obtained an important component used in its production process exclusively from Harrison, Inc., a relatively small company in Topeka, Kansas. Harrison ch..

  Icome statements are presented in table below for elf

income statements are presented in the table below for the elf corporation for the years ending december 31 2010 2009

  Accountant in a medium-sized manufacturing company

You are an accountant in a medium-sized manufacturing company. You have been asked to mentor an accounting clerk who is new to your accounting department.

  Characteristics of a partnership

Characteristics of a partnership - List the seven items that would need to be incorporated into the written partnership agreement.

  Which product should have a larger markup over variable

which product should have a larger markup over variable cost a product whose demand is elastic or a product whose

  What is the equivalent annual cost of operating

A machine which has a 10 year life will cost $11,000 now with annual operating costs of $500 the first year and increasing $50 per year each of the next 9 years. If the salvage value is estimated to be $2,000 at the end of the 10th year,

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