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Rapid Auto has over 200 auto-maintenance service outlets nationwide. It provides primarily two lines of service: oil changes and brake repair. Oil change-related services represent 65% of its sales and provide a contribution margin ratio of 20%. Brake repair represents 35% of its sales and provides a 60% contribution margin ratio. The company's fixed costs are $16,000,000 (that is, $80,000 per service outlet). Calculate the dollar amount of each type of service that the company must provide in order to break even. (Round computations for weighted-average contribution margin to 2 decimal places, e.g. 10.50, and final answers to 0 decimal places, e.g. 125.) Oil changes $ Break repairs $ The company has a desired net income of $60,000 per service outlet. What is the dollar amount of each type of service that must be provided by each service outlet to meet its target net income per outlet? (Round answers to 0 decimal places, e.g. 125.) Oil changes $ Break repairs $
Mary is buying several items that cost $128.25 total. She is using a store coupon for 35% off her purchases. She has to pay 4% sales tax. Calculate the total cost of the items.
What amount of property tax revenues should be recognized for calendar year 2013 What amount of property taxes receivable should be reported at December 31, 2013? a. $ 0 b. $ 10,000
Assuming that a perpetual inventory system is used, what is the value of ending inventory on a LIFO basis?
Elliott Corp failed to record accrued salaries for 2009, $2,000; 2010, $2,100; and 2011, $3,900 what is the amount of the overstatement or understatement of Retained Earnings at December 31, 2012?
vorteck inc. manufactures snowsuits. vorteck is considering purchasing a new sewing machine at a cost of 2.5 million.
Fontenot Corporation was organized in 2009 and began operations at the beginning of 2010. The company is involved in interior design consulting services. The following costs were incurred prior to the start of operations.
tanner appliance company manufactures 12600 units of part m4 annually. the part is used in the production of one of its
Dell Computer trades at a market-to-book ratio of 15.86. The industry M/B ratio is 9.5. Even though Dell's M/B ratio is high relative to the industry, this ratio may tell us nothing about whether Dell's stock will outperform or underperform i..
the sweetwater candy company would like to buy a new machine that would automatically dip chocolates. the dipping
George plans to sell his customers a special for a ski package weekend. He is able to purchase the package from the providers for $175 each. The ticket packages will be sold for $225 each and the ski resort and lodging facilities intend to reimbur..
the following excerpt is from an article reported in the april 27 2011 online issue of reuters.dupont co dd.n said
Prepare the liability section of a classified balance sheet and any necessary footnote disclosure for Nevada Harvester at December 31, 2011. Accounts payable and accruals are $22 million.
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