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Breakeven analysis and target profit, taxes - Patterson Parkas Company's sales revenue is $30 per unit, variable costs are $19.50 per unit, and fixed costs are $147,000.
a) Compute Patterson's contribution margin per unit and contribution margin ratio.
b) Determine the number of units Patterson must sell to break even.
c) Determine the sales revenue required to earn (pretax) income equal to 20% of revenue.
d) How many units must Patterson sell to generate an after-tax profit of $109,200 if the tax rate is 35%?
e) Patterson is considering increasing its advertising expenses by $38,500. How much of an increase in sales units is necessary from expanded advertising to justify this expenditure (generate an incremental contribution margin of $38,500)?
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A company regularly sells its receivables to a factor who assesses a 2% service charge on the amount of receivables purchased. Which of the following statements is true for the seller of the receivables?
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When both borrowed an owned funds are mingled int he same account for purposes of categorizing interest expense a repayment of the debt is allocated first to?
Reported ticket Revenue was $2, 200,000. Is the difference between your estimate and reported ticket revenue large enough to prompt further consideration? Why or why not?
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