Company total contribution margin problem

Assignment Help Accounting Basics
Reference no: EM13153114

Last year, Twins Company reported $750,000 in sales (25,000 units) and a net operating income of $25,000. At the break-even point, the company's total contribution margin equals $500,000. Based on this information, the company's:

A. contribution margin ratio is 40%.

B. break-even point is 24,000 units.

C. variable expense per unit is $9.

D. variable expenses are 60% of sales.

Reference no: EM13153114

What are the companys marginal and average tax rates

The Talley Corporation had a taxable income of $365,000 from operations after all operating costs but before (1) interest charges of $50,000, (2) dividends received of $15,0

Consider an organization that has empowered its employees

Role of financial information for continuous improvement Consider an organization that has empowered its employees, asking them to improve the quality, productivity, and res

Prepare journal entries that marketplace mall would record

Prepare journal entries that Marketplace Mall would record related to this note on the following dates: (a) November 1, 2014; (b) December 31, 2014 (Marketplace Mall's fiscal

Warrant starting the business

The investor will go forward only if she thinks the firm can provide a 13.5% return on the invested capital, which means that the firm must have an ROE of 13.5%. How much ne

Determining recognized gain on property

Ben's property, which has an adjusted basis of $45,000, is condemned by the state government. The authorities replace his property with other qualified property which cost t

Periodic inventory system

Delmott sells a snowboard, Xpert, that is popular with snowboard enthusiasts. Below is information relating to Delmott's purchases of Xpert snowboards during September. Duri

Conversion of the preferred stock to the common stock

The market value of the common stock at the date of the conversion was $30 per share. What total amount should be credited to additional paid-in capital from common stock as

Elements of the accounting environment

What are the elements of the accounting environment? How do they affect the financial statements? Why are these elements important? How do they affect comparability between

Reviews

Write a Review

 
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