In the month of june jose heberts beauty salon gave 4000

Assignment Help Accounting Basics
Reference no: EM13391588

In the month of June, Jose Hebert's Beauty Salon gave 4,000 haircuts, shampoos, and permanents at an average price of $30. During the month, fixed costs were $16,800 and variable costs were 75% of sales.

a. Determine the contribution margin in dollars, per unit and as a ratio.

b. Using the contribution margin technique, compute the break-even point in dollars and in units.

c. Compute the margin of safety in dollars and as a ratio.

Reference no: EM13391588

Questions Cloud

The cost functions for two plants are find the marginal : suppose you are a monopolist operating two plants at different locations. both plants produce the same product q1 is
Describe how employee empowerment and decision-making : employee morale is an essential component of a high-performing organization. employees who are not happy with the work
Compare and explain realism orthodox liberal and : compare and discuss realism orthodox liberal and interventionist liberal perspective. provide empirical support and
Abe forrester and three of his friends from college have : abe forrester and three of his friends from college have interested a group of venture capitalists in backing their
In the month of june jose heberts beauty salon gave 4000 : in the month of june jose heberts beauty salon gave 4000 haircuts shampoos and permanents at an average price of 30.
Name the international standard for the quality management : 1. a fishbone diagram might be found in which dmaic category?2. what is a reason that a company may pursue
Determine the key global factors anmcorp will need to : anmcorp is a popular automobile company in the u.s. with many well-recognized brands. the company now plans to market
Describe and explain the relationship between goals of a : 1 describe and explain the various forces that affect trading in international markets. what are the advantages and
At a minimum each student will be expected to post an : the discussion board db is part of the core of online learning. classroom discussion in an online environment requires

Reviews

Write a Review

Accounting Basics Questions & Answers

  Cost of goods sold for specific year

If Carly Manufacturing Company's cost of goods manufactured for 2008 amounted to $1,390,000, its cost of goods sold for the year is

  Company net profits appeared good in the statements

Demonstrates a situation in which a company's net profits appeared good in the statements, but the gross or operating profits presented a different picture. Discuss how this might have occurred.

  In regards to the provisions of the federal securities

in regards to the provisions of the federal securities acts do you feel the securities acts of 1933 and 1934 were

  Preparing a statement of cashflows

Prepare an ending 1998 Income Statement and Balance Sheet from the following information: Sales $800,000; Cost of Goods Sold $300,000; Accounts Receivables $20,000; Bonds Outstanding $160,000; Accounts Payable $20,000; Advertising Expense $1,000; ..

  Defined benefit pension plan problem

Stanley-Morgan Industries adopted a defined benefit pension plan on April 12, 2011. The provisions of the plan were not made retroactive to prior years.

  According to gasb statement no 44 all of the following is a

according to gasb statement no. 44 all of the following is a recommendation category for the cafrs statistical section

  Partnership earned net income

O. Guillen (beginning capital, $69,000) and K.Williams (beginning capital ($82,000) are partners. During 2008, the partnership earned net income of $71,400, and Guillen made drawings of $18,700 while Williams made drawings of $32,200.

  Carolina mills purchased $280,000 in supplies this year.

Carolina Mills purchased $280,000 in supplies this year. The supplies account increased by $30,000 during the year to an ending balance of $71,000. What was supplies expense for Carolina Mills during the year?

  Continued existence of countertrade

How do you describe the continued existence of counter trade? Under what scenarios may its popularity increase still further by the year 2015?

  Small balance in retained earnings

If you could pick a single source of cash for your business, what would it be? Why? How can a business earn large profits but have a small balance in Retained Earnings? How can a business lose money for many years and still have plenty cash?

  Concept of marginal tax rate

Therefore, the S corporation sells the assets, resulting in a $90,000 capital gain, and liquidates. Assuming that Phil is subject to a marginal tax rate of 30%, what taxes are due?

  Deductible expenses as business expenses

However, Judy paid him $55,000 rather than $33,000. Judy is on the cash method and calendar year, and she wants to know what amount of these expenditures is deductible as business expenses.

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