User Account

All Pages

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

Assignment Help Accounting Basics
Reference no: EM131676821

Question - Stevens Company produces and sells a single product whose selling price is $60.00 per unit and whose variable expense is $40.00 per unit. The company's fixed expense is $880,000 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 $140,000 for the month?

Reference no: EM131676821

Questions Cloud

Management objective of decision-makers : We see a conflict tthroughout the process of business operations between the management objective of decision-makers such as yourselves
Breakthrough technology instead of incremental improvements : Think about this list of questions below from Thiel's book examining new ventures to see whether they can receive support from his venture capital company.
Define a social barrier and a personal barrier : What is the main difference between a social barrier and a personal barrier, What would we learn about your personal and social barriers
Identify where moisturizing black soap shampoo is currently : Identify where Moisturizing Black Soap Shampoo is currently positioned in the product life cycle and describe the rationale for your position.
How many units must be sold to break-even for the month : Stevens Company produces and sells a single product whose selling price is $60.00 per unit, How many units must be sold to break-even for the month
Analyze the disparities of the trend : Analyze the disparities of the trend, advancement, or disease among different genders, social classes, and geographic regions.
Should sallie buy a put on or a call on singapore dollars : Sallie Schnudel. Sallie Schnudel trades currencies for Keystone Funds in Jakarta. She focuses nearly all of her time and attention on the U.S. dollar/Singapore.
Review the most recent annual report : Review the most recent annual report [aka 10K] of your final project company (Stryker Corporation NYSE:SYK) and determine the current organizational structure.
Read of the role of board of directors in large : This week we read of the role of board of directors in large, publicly traded corporations to ensure that the Sarbanes-Oxley Act of 2002.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Journalize the following transactions and omit explanations

ABC Corporation purchased $15,000 of office furniture by putting $7,000 down in cash and the rest on account on April 8.

  What is the motivation behind the tax departments

as of december 30 2009 robin corporation a calendar year taxpayer has gross income from operations of 497000 expenses

  Review the summarized consolidated statement of income

Review the summarized consolidated statement of income for the manufacturing company whose data is shown in Table 6.5. Use graphics software to prepare a set of bar charts that shows the data for this year compared with the data for last year.

  Poblem 12-8 at dec 31 2013 the investments in securities

problem 12-8 at dec 31 2013 the investments in securities available-for-sale of beale developments were reported at 78

  Franco and jason share income and losses in a 21 ratio

franco and jason share income and losses in a 21 ratio after allowing for salaries to franco of 15000 and 30000 to

  What will be the cost per unit for each type of pillow

Abdullah and Rahman Corporation produces and sells two types of sofa pillow: What will be the cost per unit for each type of pillow under traditional costing

  Prepare the stockholders equity section of the balance

on january 1 2012 hammermeister inc. had the following stockholders equity account balances. common stock no-par value

  Return on sales and asset turnover

Current, debt-to-equity, return on sales, and asset turnover.

  A company estimates that overhead costs for the next year

a company estimates that overhead costs for the next year will be 8268000 for indirect labor and 161600 for factory

  Annual net income and the annual net cash flow

What is the effect of amortizing a bond discount upon an annual net income and the annual net cash flow from operating activities?

  Litke corporation a company that produces and sells a

litke corporation a company that produces and sells a single product has provided its contribution format income

  Mary lou took a 7000 distribution from her educational

mary lou took a 7000 distribution from her educational savings account and used 6500 to pay for qualified higher

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: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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