What is the total sales revenue

Assignment Help Accounting Basics
Reference no: EM133147603

Question - Chris Chelios Company sells baseball gloves year-round, with peak sales occurring in the spring months.

During the current fiscal year 6,480 gloves were sold resulting in $212,480 of sales revenue, $46,160 of variable costs, and $15,680 of fixed costs.

Required - What is the total sales revenue that must be earned to achieve an operating income of $21,000?

Reference no: EM133147603

Questions Cloud

Facilitate maximizing small business participation : The SBP is required to facilitate maximizing small business participation at both the prime and subcontract level. What opportunities should be pursued first, w
Under what conditions can vpts be successful : 1. Under what conditions can VPTs be successful? (For example, what kinds of projects lend itself to being done by VPTs)
7003LBSIBM International Business Management Assignment : 7003LBSIBM International Business Management Assignment Help and Solution, Liverpool John Moores University - Assessment Writing Service
Job costing system or process costing system : When are companies likely to use a job costing system or process costing system?
What is the total sales revenue : During the current fiscal year 6,480 gloves were sold resulting in $212,480 of sales revenue, What is the total sales revenue
Macroeconomic history of the 1980s : Explain how rising demand for college-educated workers and falling demand for high-school educated workers contributes to increased inequality of the distributi
Breaking through in the digital world : You work for a small- to medium-sized retail business in metro Atlanta (Your choice; pick a real company). The company is barely profitable, in part because of
Journalize the June transactions using the following format : Sara started a delivery service on June 1, 2021. Journalize the June transactions using the following format
Explain in detail the leadership style : Explain in detail the leadership style and traits of Melanie Perkins Founder and CEO of Canva, provide theories related to her leadership style.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Discuss your company stance on each of the given areas

Discuss your company' s stance on each of the following areas. Identify the key ways that your company's Code of Conduct has changed in recent years.

  A tabular analysis of transactions made throughout august

a tabular analysis of transactions made throughout august 2010 by witten company during its first month of operations

  Describe cybersecurity act

Describe Cybersecurity Act of 2015 What do you see as the advantages and disadvantages of having this piece of legislation in place?

  Calculate the internal rate of return of buying new machine

Calculate the internal rate of return of buying the new machine and advise on theacceptability of the proposed purchase (work to the nearest $1,000).

  Identify the risks exist in the conversion cycle

The accounting clerk assesses the work orders and set up a work-in-process account for a production batch. Identify the risks exist in the conversion cycle

  What are parent and cubaccount in quickbooks

What is the difference between using Express Start and Advanced setup when creating a new company file an Quickbooks. Why might it be easier to create a new.

  Compute the basic and diluted earning per share

Bragg issued $1,500,000 of 10% convertible bonds at face value during 2012. REQUIRED - Compute the basic and diluted earning per share for 2013

  Chihooli inc manufactures radiation-shielding glass panels

chihooli inc. manufactures radiation-shielding glass panels. suppose chihooli is considering spending the following

  What was the credit balance on the sales tax account

On 1 February the balance on Josh's Sales tax account was $2,400. What was the credit balance on the Sales tax account at 28 February

  What carrying amount of disposal group after classification

Amy Company is planning to dispose of a collection of assets. What is the carrying amount of the disposal group after classification as held for

  What is Alice maximum depreciation deduction

Alice purchases a rental house on August 22, 2019, for a cost of $174,000. What is Alice's maximum depreciation deduction for 2019 using MACRS

  Basics of potential investors

According to the textbook author, potential investors need information that is: a) relevant and reliable. b) fair and future-oriented. c) accurate and truthful. d) audited and complete.

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