User Account

All Pages

What is the company contribution margin ratio

Assignment Help Accounting Basics
Reference no: EM132608971

Question - The following is Bord Corporation's contribution margin income statement for 2019.

Sales $2,700,000

Variable expenses 2,160,000

Contribution margin 540,000

Fixed expenses 300,000

Operating income $240,000

Bord Corporation has no beginning or ending inventories, and produced and sold 5,000 units during the year.

1. What is the company's contribution margin ratio?

2. What is the company's breakeven sales in units?

3. If sales increase by 200 units, by how much should operating income increase?

4. How many units would the company have to sell to attain target operating income of $555,000?

5. What is the company's margin of safety in dollars?

6. What is the company's degree of operating leverage?

Reference no: EM132608971

Questions Cloud

Critically evaluate the training and development program : Critically evaluate the training and development program of any telecom organization of your choice.
Examine erp implementation case studies : Examine ERP implementation case studies from leading ERP vendors, identify key use cases such as the following
Discuss the purpose of the legislative action : Healthcare policy has been a critical aspect of political administrations over the past 100 years. Understanding the political process and how healthcare.
Competitive advantage-vendor relationship management overall : Determine at least three challenges associated with using vendors. Analyze relationship between competitive advantage and vendor relationship management overall
What is the company contribution margin ratio : Bord Corporation has no beginning or ending inventories, and produced and sold 5,000 units during the year. What is the company contribution margin ratio
Design a socio-ecological model : Design a socio-ecological model that effectively demonstrates the links between health, planning and sustainability along with references.
Write out a role-play conversation between the partners : Write out a role-play conversation between the partners in which they make use of effective verbal and nonverbal communication strategies.
Requirements for transporting goods within a workplace : Discuss the transport requirements for transporting goods within a workplace.
Perform a web search and summarize your findings of issues : Managed care has and continues to grow and evolve. This could have only come about because managed care has been able to solve problems and issues that existed.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Differences between tax and accounting income

Woody Corp. had taxable income of $8,000 in the current year. The amount of MACRS depreciation was $3,000 while the amount of depreciation reported in the income statement was $1,000. Assuming no other differences between tax and accounting income..

  Examine the notes at the bottom of the balance sheet

Examine the notes at the bottom of the balance sheet. Is your selected corporation authorized to issue preferred stock? If so, how much?

  Prepare sarasotas journal entries to record

Prepare Sarasota's journal entries to record the issuance of the note and the December 31 interest payment.The note requires annual interest payments

  Prepare all general journal entries for the three bonds

Prepare all general journal entries for the three bonds issued and any interest accruals and payments for the fiscal year 2016

  Explain the tax deferral concepts

Explain the tax deferral concepts and the impact on the business, the employees, and potential tax consequences for both. Be specific in your recommendations

  Discuss the market price of the common stock

Prepare the journal entry for the issuance when the market price of the common shares is $168 each and market price of the preferred is $210 each

  Prepare a statement of cash flows for the year

In an Excel spreadsheet: Prepare a statement of cash flows for the year 2015 for Lander. Prepare the balance sheet as it would appear as of December 31, 2015

  What is the entry to apply overhead

If direct labor for the month is $80,000 and overhead is applied based on 75% of direct labor dollars, what is the entry to apply overhead?

  Prepare a schedule of adjustments as of december

Pearl Company, a manufacturer of small tools, provided the following information from its accounting records for the year ended December

  Sting corporation taxable income

Based on this information, what is Sting Corporation's taxable income as would be shown on Schedule M-1 of its corporate tax return?

  Discuss he purchase date and agreed to pay

Libby Company purchased equipment by paying $6,900 cash on the purchase date and agreed to pay

  Determine the direct labor rate variance

Determine the direct labor rate variance, The following data is given for the Harry Company

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