User Account

All Pages

How many units must be sold to break-even for the month

Assignment Help Accounting Basics
Reference no: EM131622386

Question - Johnson Company produces and sells a single product whose selling price is $80.00 per unit and whose variable expense is $50.00 per unit. The company's fixed expense is $270,000 per month.

(a) What is the CM ratio (express your answer as a percentage to two decimal places)?

(b) How many units must be sold to break-even for the month?

(c) How many units do we need to sell to earn a profit of $240,000 for the month?

Reference no: EM131622386

Questions Cloud

Find the rate of markup based on cost : Find the rate of markup based on cost and based on selling price of a blanket that costs $12.50 and sells for $38. Round to the nearest tenth percent.
What is the predetermined manufacturng overhead rate : If Lisa Inc. allocates overhead based on direct labor hours, what is the predetermined manufacturng overhead rate
Course syllabus for minimum required length : Summarize the information in words. Follow the discussion board rubric on the course syllabus for minimum required length.
Define collaborative consumption or peer economy : The judge hearing the motion. What is your decision and how did you reach your conclusion
How many units must be sold to break-even for the month : Johnson Company produces and sells a single product whose selling price is $80.00 per unit, How many units must be sold to break-even for the month
Determining the contemporary approaches : This week's Assignment is based on the "Contemporary Approaches" section of Chapter 2 and the environments of a business, explained in Chapter 3.
Prepare the income statement using variable costing : Vernon Inc. manufactures and sells one product. Prepare the income statement using variable costing
Which manufacturer offers the better deal : One manufacturer lists a chair for $250 less 20%. Another manufacturer lists the same chair at $240 less 10%. Which manufacturer offers the better deal?
What is the history of right to work laws : What is the history of 'Right to Work' laws? Where did they come from? Who proposed them and why? Has their purpose or effect changed since original inception?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd