Breakeven analysis; margin of safety (LO 1) The Robinson Company sells sports decals that can be personalized
Question:
$0.50 in variable operating costs per decal. The results of last month’s operations are as follows:
Sales revenue ....... $10,000
Cost of goods sold..... 3,000
Gross profit........ 7,000
Operating expenses..... 2,500
Operating income...... $ 4,500
Required
a. What is Robinson’s monthly breakeven point in units? In dollars?
b. What is Robinson’s margin of safety?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 69% (13 reviews)
a Using the sales revenue of 10000 and sales price of 50...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Managerial Accounting questions
-
The Robinson Company sells sports decals that can be personalized with a player's name, team name, and jersey number for $5 each. Robinson buys the decals from a supplier for $1.50 each and spends an...
-
The Carpenter Company sells sports decals that can be personalized with a player's name, team name, and jersey number for $10 each. Carpenter buys the decals from a supplier for $3 each and spends an...
-
The Stafford Company sells sports decals that can be personalized with a player's name, a team name, and a jersey number for $6 each. Stafford buys the decals from a supplier for $2.50 each and...
-
Argue whether or not you believe using a sample of students from your schools cafeteria (you recruit the next 100 people to visit the cafeteria to participate) may or may not yield biased estimates...
-
Suppose that on another planet the atmosphere consists of 17% Kr, 38% CH4, and 45% O2. What is the average molar mass at the surface? What is the average molar mass at an altitude at which all the O2...
-
We saw that the age of a randomly selected driver in a fatal car crash is a random variable with probability density function given by (t) = 0.06049e -0.03211t for t in [16, 84]. (a) Find the...
-
Consider a deterministic cash flow stream \(\left(x_{0}, x_{1}, x_{2}, \ldots, x_{n} ight)\) with all positive flows. Let \(\mathrm{PV}(r)\) denote the present value of this stream at an interest...
-
The Las Angeles Times regularly reports the air quality index for various areas of Southern California. A sample of air quality index values for Pomona provided the following data: 28, 42, 58, 48,...
-
Please show me the Calculation step by step. Thank you Financial Analysis : Facts: $1 US = $1.40 CDN One truckload / container = 1940 cases One truckload / container = 25 standard pallets One pallet...
-
a. To simplify the analysis, assume for now that there is virtually no turnaround time between flights so the next flight can begin as soon as the current flight ends. (If an immediate next flight is...
-
Pet Designs makes various accessories for pets. Their trademark product, PetBed, is perceived to be high quality but not extravagant, and is sold in a variety of pet stores. Wanda Foster, marketing...
-
Anthony Herrera, president of Retro Recreation Products, Inc., is concerned about declines that he is beginning to see in the demand for the company's line of old school logo basketballs as new...
-
The growth of floating, unicellular algae below a sewage treatment plant discharge can be modeled with the following simultaneous ODEs: Where t = travel time (d), a = algal chlorophyll concentration...
-
that Given that two random vectors x and z are jointly Gaussian, show 2Pyy-1/2-(y-y) Py(y-y) 2P21/2e-(2-2) P (z-z) where y = [x ZTT p(x|z) = p(x,z) p(z) is Gaussian with mean and covariance given by...
-
Consider the Black -Scholes model (SS)[0,71 and let 0 < To 0 is a fixed strike. What is the limit for large N? (ii) Use the distribution from (i) and the Black -Scholes formula to compute the price...
-
USE THE DATA IN THE TABLE BELOW TO ANSWER THE FOLLOWING 3 QUESTIONS NikoJokic, Inc. Balance Sheets for the Years Ending December 31, (All amounts are in dollars) Cash Accounts receivable Inventory...
-
Estimate the income elasticity of revenue for the motor vehicle fuel tax and evaluate the long run growth potential of the tax. Examine the years when the motor vehicle fuel tax rate was increased...
-
Use your answers from the previous two problems to answer the following questions regarding the difference in distributions for MPG between cars made in America and cars made in Japan. (a) Do the...
-
A common molecule used in detergents is sodium lauryl sulfate: Identify the hydrophobic and hydrophilic portions of this molecule. O CH3(CH)11O-S-ONa+ O
-
A heat engine has a heat input of 3 Ã 104 Btu/h and a thermal efficiency of 40 percent. Calculate the power it will produce, in hp. Source 3 x 10 Btu/h 40% HE Sink
-
Albert Mitchell started Worldwide Travel Service on 1 April of the current year, and the business engaged in the following transactions during April: Required: a Prepare journal entries to record the...
-
Compare and contrast managerial and financial accounting information.
-
In each of the following situations, identify whether the setting is primarily financial accounting or managerial accounting. a. Build-A-Bear Workshop reported it would experience a $3.9 million...
-
How can an employees unethical behavior affect an organization?
-
Jackie Co., a 90% owned subsidiary of Nick Inc., sold land to Nick on May 1, 2024, for $80,000. The land originally cost Jackie $85,000. Jackie reported net income of $200,000, $180,000, and $220,000...
-
The most recent financial statements for AppleBanana Co. are shown here: Income Statement Sales Costs Balance Sheet $ 200,000 130,000 Current assets Fixed assets $ 120,000 280,000 Debt Equity $...
-
With reference to the characteristics and performance of the human visual system, provide an estimate for each of the following. In each case you are expected to justify your estimate: (i) the...
Selling Commodity Options The Time Farming Income Machine 1st Edition - ISBN: 1548959111 - Free Book
Study smarter with the SolutionInn App