What amount of sales will be necessary

Assignment Help Accounting Basics
Reference no: EM131900554

Problem

Last year, Flynn Company reported a profit of $78,000 when sales totaled $528,000 and the contribution margin ratio was 32%. If fixed expenses increase by $10,800 next year, what amount of sales will be necessary in order for the company to earn a profit of $88,000?

Reference no: EM131900554

Questions Cloud

How many units does the company need to sell : Last year a company had an operating income of $500,000. How many units does the company need to sell this year in order to breakeven?
How much should laura include in taxable income as alimony : Laura and Leon were granted a divorce in 2011. How much should Laura include in her 2016 taxable income as alimony?
Why the patient protection and affordable care act exists : Please explain why the Patient Protection and Affordable Care Act exists and if the main focus is access, cost, or quality.
Explain why that theoretical perspective best describes : Explain why that theoretical perspective best describes the relationship between social class and health. What are the perspective's main strengths?
What amount of sales will be necessary : If fixed expenses increase by $10,800 next year, what amount of sales will be necessary in order for the company to earn a profit of $88,000?
Problem relating to copyright infringement : Is it wrong or illegal with making a copy of your favorite CD, so you can play one copy in your home and another copy in your car?
Prepare the stockholders equity section of the balance sheet : Layes Corporation has been authorized to issue 20,000 shares of $100. Prepare the stockholders' equity section of the balance sheet at December 31, 2017.
What amount may energize deduct : Laura is the CEO of Energize, a publicly held corporation. For the year, she receives a salary of $950,000 a bonus of $600,000. What amount may Energize deduct?
What is the balance of lawsons lease liability at december : Lawson leased equipment from Tirado on January 1 of the current year. What is the balance of Lawson's lease liability at December 31 or the current year?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Declining real estate values

The building cost $600,000 on December 29, 1999, and has been depreciated on a straight-line basis assuming a useful life of 40 years and a salvage value of $100,000. Declining real estate values in the area indicate that the salvage value will be..

  The controller for lafayette inc recently commented

The controller for Lafayette Inc. recently commented, "If I have to disclose our segments individually, the only people who will gain are our competitors and the only people that will lose are our present stockholders."

  A firms products have an average contribution margin ratio

a firms products have an average contribution margin ratio of 40 which will be maintained for the next month even

  Transfer the product to data equipment by december 31 and

write a 1200- to 1500-word paper explaining the legal aspects financial standards involved and ethicality of the

  What principles of internal control were violated

Prepare a 1,050-word bank reconciliation report - What principles of internal control were violated in this case

  Identifiable net assets

Identifiable net assets

  What is a joint cost and what is a separable cost

Question - What is a joint cost? What is a separable cost? Your answer to the topic should be in your own words

  Compute the return on investment for the toro division

Total divisional assets are $800,000. The firm's minimum required rate of return is 10%. ompute the Return on investment for the Toro division

  Investment roi and residual income ri

Calculate the return on investment (ROI) and residual income (RI) for the two divisions and comment on your results.Which method (return on investment or residual income) would be more useful in comparing the two divisions' performance? Why?List thre..

  Provided with the unadjusted trial balance

You are provided with the unadjusted trial balance (Microsoft® Excel) and your manager's meeting notes and questions (Microsoft® Word) for your new tax client - Phoenix Medical.

  Based on this information what type of adjusting entries

the ritz manor is a popular seaside resort. a double room costs 220 for one night. to reserve a room guests must pay

  There are three partners in stewart enterprises

There are three partners in Stewart Enterprises: Stewart, Tedder and Armstrong. At the end of the year, the partners' capital accounts were in the ratio of 2:1:2, respectively. Compute the ending capital balances of the three partners. (Do not ..

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