Company generate in order to reach the break-even point

Assignment Help Financial Management
Reference no: EM131073530

Ritz Furniture has a contribution margin ratio of 0.15. If fixed costs are $162,600, how many dollars of revenue must the company generate in order to reach the break-even point?

Reference no: EM131073530

Questions Cloud

Incomes of the professor and gilligan : The Professor stored 100 of his coconuts in his hut for consumption at some future time. Gilligan consumed all his coconuts and fish. In terms of fish, what is the GDP of Gilligan's Island? What are consumption and investment? What are the incomes..
Analyse the latest financial statements : HI5001 Accounting for Business Decisions Group Assignment. The assignment aims to develop an understanding of financial statements structure and their use in decision-making. The task is to choose a publicly listed company from the Australian Stock..
Maximum and not a minimum : Determine the maximisation amount of profit that the firm could obtain. Verify that it is a maximum and not a minimum.
Any other aspect of environmental science : Any other aspect of environmental science that you would like to share that you thought was interesting?
Company generate in order to reach the break-even point : Ritz Furniture has a contribution margin ratio of 0.15. If fixed costs are $162,600, how many dollars of revenue must the company generate in order to reach the break-even point?
Calculate the standing charge : In March, Josephine used 2,500 units of electricity at £0.09 per unit, plus a further 1,400 units at £0.05 per unit. In addition, she paid a standing charge. The total of the electricity bill for March was £319. (a) Calculate the standing charge. ..
Describe i.a.f.i.s. include livescan technology : What are the three types of fingerprints investigators may find at crime scenes? Give examples of each. Describe I.A.F.I.S. include Livescan technology and the procedure Livescan has replaced.
What is the cost of unlevered equity of koc : What is the cost of unlevered equity of KOC? What are the interest tax shields for years 2014 through 2019? Input your answer rounded to the nearest million but without the dollar sign or the commas.
Discrete bertrand model : Continue to consider this discrete Bertrand model, but now assume that each student has a constant cost of 5 that is deducted from all payoffs. So whoever has the low number wins their number, minus 5.

Reviews

Write a Review

Financial Management Questions & Answers

  Use for debt when calculating the cost of capital

Bennington Industrial Machines issued 142,000 zero coupon bonds seven years ago. The bonds originally had 30 years to maturity with a yield to maturity of 7.2 percent. Interest rates have recently increased, and the bonds now have a yield to maturity..

  The spot price of a market index

The spot price of a market index is $1,085. A 9-month forward contract on this index is priced at $1,170. What is the profit or loss to a short position if the spot price of the market index is $1,095 on the expiration date?

  Annual cash flows-discounted payback period

A company estimates they will sell 100,000 units (@$10/unit) of a new product starting from year 1 and sales units will grow at 6% for four years until year 5. Fixed costs are $400,000 annually. Variable costs are $5/unit. All sales, variable and fix..

  About the finance charge

Samir purchased a car for $40,000. He made a down payment of $18,000 and paid $694.47 monthly for 3 years. Find the APR from the table below. Finance charge per $100 of amount financed

  What is the percentage change in price of bond

Both bond A and bond B have 6.6 percent coupons and are priced at par value. Bond A has 8 years to maturity, while bond B has 15 years to maturity. a. If interest rates suddenly rise by 1.2 percent, what is the percentage change in price of bond A an..

  Cost to organization brought about should legislation pass

Imagine you are a Compensation Manager at a large service organization. Roughly 700 of your employees are paid the MWR (Minimum Wage Rate), which is presently $7.25 per hour. The CEO recently came to the CFO (your boss) in a highly excited state. Cha..

  The company pays no taxes at present

Freiburg Company wants to buy a machine that has expected life of 6 years. It costs $30,000, and increases the income of the company by $7,000 annually. It has a salvage value of $5,000. The proper discount rate is 12%, and the company pays no taxes ..

  What is ri-the required rate of return on stock

What is ri, the required rate of return on Stock i? Round your answer to two decimal places. Now assume that rRF remains at 6% but rM increases to 13%. The slope of the SML does not remain constant. How would these changes affect ri? Round your answe..

  Describe how money market accounts work

Describe how money market accounts work. Discuss the different investment tools available for consideration. Explain why they could be of benefit to Stupendous Bank. Candidly explain the risks to the board of directors including liquidity risks.

  Calculate annual return on mutual funds-investment period

Suppose an individual invests $20,000 in a load mutual fund for two years. The load fee entails an up-front commission charge of 3.0 percent of the amount invested and is deducted from the original funds invested. calculate the annual return on the m..

  The issuance of bonds to raise capital for a corporation

The issuance of bonds to raise capital for a corporation: The discount rate used to value a bond is: If the market price of a bond increases, then:

  Receive a credit card application

You receive a credit card application from Shady Banks Savings and Loan offering an introductory rate of 2.8 percent per year, compounded monthly for the first six months, increasing thereafter to 17 percent compounded monthly.

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