What is the expected level of profit

Assignment Help Accounting Basics
Reference no: EM133157643

Question - Monty has estimated that fixed costs per month are $358,584 and variable cost per dollar of sales is $0.33.

What is the break-even point per month in sales dollars?

What level of sales dollars is needed for a monthly profit of $54,337?

For the month of July, the marina anticipates sales of $1,004,000. What is the expected level of profit?

Reference no: EM133157643

Questions Cloud

Explain the concept of neuroplasticity : What are the major components that make up the subcortical structures? Explain the concept of "neuroplasticity."
What is total amount to be remitted to canada revenue agency : An employee has $145.00 in Canada Pension Plan contributions deducted from their pay. What is the total amount to be remitted to the Canada Revenue Agency
Significant literature published on diabetic fiber diet : Do a literature review and provide an overview of the significant literature published on Diabetic Fiber diet.
Health care delivery perspective : What is the significance of an individual's quality of life from the health care delivery perspective? What is managed care?
What is the expected level of profit : For the month of July, the marina anticipates sales of $1,004,000. What is the expected level of profit
What is the correct initial cost of real property a : Real Property D was acquired in 2020 at a total cost of P20M and had a carrying value of P25M. What is the correct initial cost of Real Property A
Consider time that you felt confident : Consider a time that you felt confident. How would you describe this in behavioral terms?
Find all frequent item sets using the apriori algorithm : Find all frequent item sets using the Apriori algorithm - List all strong association rules (with supports and confidence matching the following metarule
Prepare journal entries to dispose of the machinery : On 31 December 2021, owing to a change in product mix, the machinery was sold for $80,000. Prepare journal entries to dispose of the machinery

Reviews

Write a Review

Accounting Basics Questions & Answers

  What is the estimated cost of the ending inventory

Patel Packing had the following information for its inventory: Beginning inventory: cost $107,000; What is the estimated cost of the ending inventory

  How do record the entries in the journal

Prepare the necessary December 31 adjusting entry to record depletion for the current year using the general journal. Record the entries in the journal.

  What is the amount of gain or loss on redemption

Bonds Payable has a balance of $854,000 and Premium on Bonds Payable has a balance of $9,394. What is the amount of gain or loss on redemption

  How much is the total amount distributed to the partners

How much is the total amount distributed to the partners during the first installment assuming that Maea received 140,000

  Write a memo to be distributed to the payroll employees

Write a memo to be distributed to the payroll employees providing a brief explanation of the Northwest Territories and Nunavut Payroll Tax to help ensure

  Total amount related to loan

What is the total amount related to this loan that should be reported under current liabilities on the company's December 31, 2008, balance sheet?

  Forecast the firms additional funds needed afn the firm is

forecast the firms additional funds needed afn. the firm is operating at full capacity. data for use in your forecast

  Prepare a retained earnings statement for the year

Retained earnings (beginning of year) $33,000 Utilities expense 2,000 Equipment 56,000. Prepare a retained earnings statement for the year

  What are the types of costs

As the accounting department lead, what are the types of costs you should consider in working with the production supervisor to evaluate the problem?

  William farmer has just harvested his wheat crop he put the

william farmer has just harvested his wheat crop. he put the grain in a local elevator and was given a warehouse

  What is the maximum price you should pay for the building

However, $10,000 has to be incurred each year to maintain the building. What is the maximum price you should pay for the building

  What amount should delta report of allowance for discounts

Delta, Inc. sells to wholesalers on terms of 2/15, net 30. In its December 31, 2020 balance sheet, what amount should Delta report of allowance for discounts?

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