Sales dollars for the company

Assignment Help Accounting Basics
Reference no: EM13257522

Warner Tool Company President Dr. John Robinson wantsto know the breakeven point in salesdollars for his company. The following is the partial Income Statement for the company:

                     Sales                         $370,000

                     Variableexpenses         $222,000

                     Contribution Margin      $148,000

                     Fixedexpenses             $55,000

                     NetIncome                  $ 93,000

Compute the breakeven analysis in sales dollars for the company.

Reference no: EM13257522

Questions Cloud

How many dollars are involved : Suppose you issued a 120-day forward contract to exchange 200,000 euros into Canadian dollars. How many dollars are involved?
Explain a buffer solution is prepared by adding : A buffer solution is prepared by adding 5.50 g of ammonium chloride and .0188 mol of ammonia to enough water to make 155 mL of solution . What is the pH of the buffer?
What is the magnitude of the torque about the pivot : A small ball of mass 0.60 kg is attached to one end of a 1.15 m long massless rod, and the other end of the rod is hung from a pivot
Record the activities using the t accounts : Using the T accounts shown below, record the following activities. Materials issued to the factory were $228,000 (total); indirect materials were $16,600.
Sales dollars for the company : Compute the breakeven analysis in sales dollars for the company.
Define what is its volume at the final temperature : A 48.3ml sample of gas in a cylinder is warmed from 22C to 87C. What is its volume at the final temperature?
Determine the due date : Determine the due date, the amount of interest due and the maturity value on the following notes:
How specifically has technology created : How specifically has technology created this strategic partnership? Share an example. What values have resulted from this strategic partnership?
A developmental psychologist believe that self-esteem : A developmental psychologist is likely to believe that self-esteem comes about from: Answer positive self-talk about being wonderful. genuine accomplishment followed by praise and recognition.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Principle payment of cash on a note payable

A business makes a principle payment of cash on a note payable. The note payable was originally issued for the purchase of equipment. Which of the following occurs?

  Immediately after adam''s admission to the partnership

Immediately after Adam's admission to the partnership, Leah sells one-fourth of her interest to Denton for $35,000. Journalize the entry to record this transaction.

  Determining bayesian probability

Yearly anutomobile inspections are required for residents of the state of Pennsylvania.Suppose that 18% of all inspected cars in Pennsylvania have problems that need to be corrected.

  Record the transactions on page 8 of a general journal

Record the transactions on page 8 of a general journal. You can Omit descriptions. You can use any General Journal template or the one attached.

  Non-controlling interest in kent net income

X-Beams Inc. owned 70% of the voting common stock of Kent Corp. During 2006, Kent made several sales of inventory to X-Beams. The total selling price was $180,000 and the cost was $100,000. At the end of the year, 20% of the goods were still in X-..

  Calculate the maximum depreciation expense

During April of the current year, Ronen purchased a warehouse that he used for business purposes. The basis was $1,600,000. Calculate the maximum depreciation expense during the current year?

  Commission on portion of annual sales

Wendy Epstein, a sales representative, earns an annual salary of $29,500 and receives a commission on that portion of her annual sales that exceeds 150,000.

  Recording journal entry-wage accrual and reversal

August 31 falls on a Thursday. On Friday, September 1, the part-time employee John J. Jones was paid $250 or $50 per day for a five-day work week which ended that Friday.

  Performing financial analysis

Give a detailed overview of U.S. publicly traded company, Priceline. This should be 3 pages. Measure the company's vulnerability to current financial threats, such as a recession, higher interest rates, and global competition.

  Switch to a calendar-year tax year

Gamma Corporation, as S corp. has a fiscal year ending 03-31. It is required to switch to a calendar-year tax year. How many months of income would a calendar-year taxpayer be required to report in the year of change?

  Control account and subsidiry account

What is control account and subsidiry account give examples and explain its?

  Information about financial math

Your required a rate of return is 4%. What is the value of a contract that pays the buyer $100 a year forever (the first payment is made exactly one year after purchase) plus an additional $1000 a year for the first 10 years

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