Goods division at the break-even point

Assignment Help Accounting Basics
Reference no: EM13124505

Fields Corporation has two divisions; Sporting Goods and Sports Gear. The sales mix is 65% for Sporting Goods and 35% for Sports Gear. Fields incurs $2,220,000 in fixed costs. The contribution margin ratio for Sporting Goods is 30%, while for Sports Gear it is 50%. What will sales be for the Sporting Goods Division at the break-even point?

A) $1,800,000

B) $2,100,000

C) $3,355,814

D) $3,900,000

Reference no: EM13124505

Questions Cloud

Introduction to contribution margin ratio : During April, 1,000 drives were sold. Fixed costs for March were $2 per unit for a total of $1,000 for the month. How much is the contribution margin ratio?
Gender identification : LIST AND DEFINE the "agents of socialization" discussed in class.Agents of socialization are social groups which prepare us for our place in society.FAMILY: gender identification- our social position
Variable costs and break-even units : Variable costs for Foley, Inc. are 25% of sales. Its selling price is $80 per unit. If Foley sells one unit more than break-even units, how much will profit increase?
What is the target net income : A company requires $1,020,000 in sales to meet its net income target. Its contribution margin is 30%, and fixed costs are $180,000. What is the target net income?
Goods division at the break-even point : The contribution margin ratio for Sporting Goods is 30%, while for Sports Gear it is 50%. What will sales be for the Sporting Goods Division at the break-even point?
George herbert : George Herbert Mead described the emergence of the self in three stages.[a] LIST and DEFINE these stages according to G.H. Mead.1-self emerges from social experience;
Discuss applicable sales, licensing : Makes recommendations for the company to minimize the threat of lawsuits relating to privacy protection, product liability, or intellectual property rights.
What is its gross income for the year : Returns and allowances amounted to $2,000. It purchased equipment normally selling for $10,000 at a 20% discount. Based on these facts, what is its gross income for the year?
Co-culture : The concepts of 'co-culture' and 'counter culture' have been defined in relation to the concept of 'dominant' culture.[a] DEFINE the concepts - co-culture, counter-culture and dominant culture.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Mode and median of the distribution

Karl pearson coefficient of skewness of distribution is +0.32.its standard deviation is 6.5 and mean is 29.6. Find the mode and median of the distribution.

  Monthly schedule of cash receipts

Seventy percent of Diamond Beauty Supply shop sales are on credit with 60 percent of receivables collected in the month after the sale and the rest of receivables collected in the second month after the sale. Prepare a monthly schedule of cash rece..

  Manufacturing cycle time

Wait time to the start of production 5.0 days, Delivery Cycle time 18 days, Move time 3.0 days, Inspection time 2.5 days, Queue Time during the production process 3.5 days.

  How can one contribute appreciated property without gain

Relative to corporate formation, how can one contribute appreciated property without gain recognition to the transferor?

  Tv network probability for cancelling show

A television network decides to cancel one of its shows if it is convinced that less than 14% of the viewing public are watching this show.

  Journal entries for thomas company

Presented below are selected transactions at Thomas Company for 2006. Prepare necessary adjusting entries at December 31 to record amortization required by the events above.

  Information about project plan

An auto plant costs $100 million to build but can produce a new line of cars that will produce cash flows with a present value of $140 million if the line is successful. Illustrate the option to abandon in (b) using a decision tree.

  Foreign operation functional currency

Sydney Corporation, an Australian-based multinational, borrowed 10,000,000 euros from a German lender at the beginning of calendar year when exchange rate was EUR.60 = AUD1.

  Stock of cardinal corporation

Kim owns 100% of the stock of Cardinal Corporation. In the current year Kim transfers an installment obligation, tax basis of $30,000 and fair market value of $200,000, for additional stock in Cardinal worth $200,000.

  Journalising-posting and preparing trial balance

Shelton Engineering completed the following transactions in the month of June. Prepare a trial balance as of the end of this month's operations

  Analysis of rate of return

Create a formula to calculate your rate of return for each year. What is your overall return over the life of your investment? What is the average annual return over the life of the investment? Use the geomean function.

  Describe the form and nature of operation of business

One of your clients was to form a new business. He spoke to his lawyer and was advised to check with CPA to determine the business form of organization.

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