User Account

All Pages

What is the break-even point per month in sales dollars

Assignment Help Accounting Basics
Reference no: EM131903697

Question - Lake Stevens Marina has estimated that fixed costs per month are $350,000 and variable cost per dollar of sales is $0.40.

Required

a. What is the break-even point per month in sales dollars?

b. What level of sales dollars is needed for a monthly profit of $60,000?

c. For the month of July, the marina anticipates sales of $1,000,000. What is the expected level of profit?

Reference no: EM131903697

Questions Cloud

Role of the primary care physician in the future : What factors are shifting the role of the primary care physician in the future?
Perform a web search for software systems : Perform a Web search for software systems that can help you develop an RFP. Provide the Web address and a brief summary for three of the systems you found.
Functional in infants or children than in adults : Identify three endocrine glands that are larger or more functional in infants or children than in adults. What us the tern for the shrinkage of a gland
What is the intrinsic value of the warrant : What will be the total value of Annie's rights a day before the ex-rights date, assuming the market price of St. Paul stock remains at $82?
What is the break-even point per month in sales dollars : Lake Stevens Marina has estimated that fixed costs per month are $350,000. What is the break-even point per month in sales dollars
How should Jennifer go about making her decision : How should Jennifer go about making her decision? What kind of additional data or information should she collect?
Compute the profit margin and asset turnover : Barr Company had total assets of $320,000 in 2008, Compute the profit margin, asset turnover, return on assets, and return on equity for 2009 and 2010
What problem might occur : Suppose that a clock interrupt occurs while some thread is executing in the runtime system. What problem might occur? Can you suggest a way to solve it?
What is meant by pre-RFP-proposal marketing : Describe what is meant by pre-RFP/proposal marketing. Why should contractors do it? Discuss why contractors must make bid/no-bid decisions and the factors.

Reviews

Write a Review

Accounting Basics Questions & Answers

  On january 1 2010 metco inc had issued an outstanding

on january 1 2010 metco inc. had issued an outstanding 574600 shares of 2 par value common stock. on march 15 2010

  Show the effects of the previous transactions

Show the effects of the previous transactions on the accounting equation using the following format. Assume the note payable is to be repaid within the year.

  What is the corporations pretax financial accounting income

What is the corporation's taxable income and what is the corporations pretax financial accounting income

  Discuss how the sales order process is integrated

Examine the steps necessary to complete a sale and discuss how the sales order process is integrated with other processes (credit and collections, delivery, etc.). Indicate your overall satisfaction with the process.

  Compute pretax financial income

(Two Differences, One Rate, Beginning Deferred Balance, Compute Pretax Financial Income) Andy McDowell Co. establishes a $100 million liability at the end.

  Post the transactions to t accounts

Selected transactions for the Finney Company are presented in journal form below.

  Establish transaction exposure risk management policies

Proportional Hedge. Many MNEs have established transaction exposure risk management policies that mandate proportional hedging.

  What is the ending balance for raw materials

You work for Thunderduck Custom Tables Inc. This is the first month of operations. What is the ending balance for raw materials

  Determine the re-measurement gain or loss

Determine the re-measurement gain or loss to be reported in Stephanie's 2011 consolidated net income, assuming that the U.S. dollar is the functional currency

  Construct the statement of stockholders equity

Construct the Statement of Stockholders' Equity for 2017

  Identify the errors in the accountant''s adjustingentries

The accountant for Rooster Laundry prepared the following unadjusted and adjusted trial balances.

  What is the operating income

Fixed Expenses per month is $60000.,then what is the Operating income at a volume of 4,000 units per month

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