User Account

All Pages

What are total sales in dollars at the breakeven point

Assignment Help Accounting Basics
Reference no: EM131929060

Questions -

Q1. Durango sells its product for $48. Its variable cost per unit is $40.

a. If fixed cost total is $8,000, how many unit must the company sell to break even? What are total sales in dollars at the breakeven point?

b. if fixed cost is $12,000, how many units does the company need to sell to break even? What are total sales in dollar at the breakeven point?

c. if fixed costs total $20,000, how many units must the company sell to break even? What are the total sales in dollars at the breakeven point?

Q2. The ice city blade are a minor league ice hockey franchise, their arena has 5,000 seats, all of which sells for $11 per ticket per game. The team plays 40 home games and expects to average 70 percent attendance at each game. Variable cost related to ticket printing, promotions, and mailings are estimated to be $1 per ticket. Fixed cost including salaries and operating expenses total $1.2 million for the season.

a. What are the expected total sales in dollars and units (ticket)?

b. What would total sales be if the team sold every ticket to every game?

c. What is the teams projected net income and its planned sales level?

d. What is the breakeven point in terms of total tickets sold?

e. How many tickets per game on average does the team need to sell to break even?

f. Compute the teams safety margin in sales dollars and units (tickets)?

Q3. Heart & Soul vintage vinyl record emporium provided the following information:

Average selling price per record $15

Average variable cost per record: $10

Monthly fixed cost: $10, 000

Compute the following:

a. What is heart & soul's contribution margin per unit in dollars?

Reference no: EM131929060

Questions Cloud

Larger financial goal to avoid being discouraged : Is the best approach is to start with a small finanicial goal, and build up to a larger financial goal to avoid being discouraged?
Which mutually exclusive project : Which mutually exclusive project would you select, if Project A costs $1,000 and Project B costs $1,200 and your required return is 15% for both project.
Compare the eight financial ratios and discuss : Discuss the main product differences of Companies A and B.Compare the EIGHT financial ratios and discuss
Explain how the goals affect treatment : In 150 to 200 words, describe the goals of clinical assessment and diagnosis. Explain how these goals affect treatment.
What are total sales in dollars at the breakeven point : If fixed cost total is $8,000, how many unit must the company sell to break even? What are total sales in dollars at the breakeven point
Write about the given psychology topic : Psychology apa introduction 5 pages. Dominance in hand holding in same sex marriage.
Create a sample project closing document : Create a sample project closing document similar to exhibit 15.3 that participants can fill out to provide feedback for the project.
What doe is humanities mean to be human : Since this is a Humanities course, what doe is it mean to be human? What makes us different in terms of our being?
Why black community treated more favorably : In the black community, why are those with lighter skin treated more favorably than those with darker skin?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Find partnership interest

The land contributed by Stephanie was encumbered by a $250,000 nonrecourse debt. Assume the partners share debt equally. Immediately after the formation, the basis of Stephanie's partnership interest is:?

  Analyze customary assumption in capital budgeting analysis

A customary assumption in capital budgeting analysis is that: a.the desired rate of return includes the effects of compounding.

  Prepare the journal entries needed for evans at december

Prepare the journal entries needed for Evans at December 31, 2017. Determine how the entry for the sale in 2016 would affect the SCF.

  How to find sales revenue when beginning assests 28000

how to find sales revenue when beginning assests 28000 liabilities 18600...ending assests 30000 liabilites 17300 and

  Discuss how accounting firms should modify their audit

Over time, there has been significant legislation passed, such as Sarbanes-Oxley, yet corporate fraud is still pervasive in today's business environment. Suggest three (3) new ways that you believe will eradicate corporate fraud.

  The varone company makes a single product called a hom the

the varone company makes a single product called a hom. the company has the capacity to produce 40000 homs per year.

  Identify what type of adjusting entry is needed

Identify what type of adjusting entry (prepaid expense, unearned revenue, accrued expense, accrued revenue) is needed in each situation, at December 31, 2010.

  Consider the task of scheduling five jobs abcd and e which

consider the task of scheduling five jobs abcd and e which needs 5423 and 3 hours respectively on machine 1 and 3144

  John thomas has recently entered into an agreement with

john thomas has recently entered into an agreement with longma inc. under this agreement john will sell its products

  Companies may use either the percent-of-sales method or the

companies may use either the percent-of-sales method or the aging-of-accounts receivable method to estimate

  How should this lease be classified by jefferson

On December 31, 2013, Jefferson Company leased a delivery truck from Branch Motors. How should this lease be classified by Jefferson (the lessee)? Why

  Ling company reports the following information for the year

ling company reports the following information for the year ended december 31 2014 sales revenue 1000000 cost of goods

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