Ortega Companys break-even sales are $600,000. Assuming fixed costs are $180,000, what sales volume is needed to
Question:
Ortega Company’s break-even sales are $600,000. Assuming fixed costs are $180,000, what sales volume is needed to achieve a target net income of $60,000?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 72% (18 reviews)
At breakeven sales the contri...View the full answer
Answered By
Hassan Imtiaz
The following are details of my Professional Experience. Responsibilities Eight years of demanding teaching experience in the field of finance and business studies at Master’s Level. Completion of the given tasks within given time with quality and efficiency. Marketing professional with practical experience in and solid understanding of a diverse range of management applications, including market analysis, sales and marketing, team building and quality assurance. I have excellent skills to approach deal and sustain corporate clients / customers by demonstrating not only extraordinary communication and interpersonal skills but also high caliber presentation, negotiation and closing skills. Manage and follow up the day-to-day activities. Manage and co-ordinate the inventories. Fulfillment of all the tasks assigned.
The following are details of my Areas of Effectiveness. Finance 1. Corporate Finance 2. Advanced Corporate Finance 3. Management of Financial Institutions 4. International Financial Management 5. Investments 6. Fixed Income 7. Real Estate Investment 8. Entrepreneurial Finance 9. Derivatives 10. Alternative Investments 11. Portfolio Management 12. Financial Statement Analysis And Reporting (US GAAP & IFRS) 13. International Financial Markets 14. Public Finance 15. Personal finance 16. Real estate 17. Financial Planning Quantitative Analysis 1. Time Value Of Money 2. Statistics 3. Probability Distribution 4. Business Statistics 5. Statistical Theory and Methods Economics 1. Principles of Economics 2. Economic Theory 3. Microeconomic Principles 4. Macroeconomic Principles 5. International Monetary Economics 6. Money and Banking 7. Financial Economics 8. Population Economics 9. Behavioral Economics International Business 1. Ethics 2. Business Ethics 3. An introduction to business studies 4. Organization & Management 5. Legal Environment of Business 6. Information Systems in Organizations 7. Operations Management 8. Global Business Policies 9. Industrial Organization 10. Business Strategy 11. Information Management and Technology 12. Company Structure and Organizational Management Accounting & Auditing 1. Financial Accounting 2. Managerial Accounting 3. Accounting for strategy implementation 4. Financial accounting 5. Introduction to bookkeeping and accounting Marketing 1. Marketing Management 2. Professional Development Strategies 3. Business Communications 4. Business planning 5. Commerce & Technology Human resource management 1. General Management 2. Conflict management 3. Leadership 4. Organizational Leadership 5. Supply Chain Management 6. Law 7. Corporate Strategy Creative Writing 1. Analytical Reading & Writing Other Expertise 1. Risk Management 2. Entrepreneurship 3. Management science 4. Organizational behavior 5. Project management 6. Financial Analysis, Research & Companies Valuation 7. And any kind of Excel Queries
4.80+
150+ Reviews
230+ Question Solved
Related Book For
Accounting Principles
ISBN: 978-0470533475
9th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Question Posted:
Students also viewed these Managerial Accounting questions
-
What is the minimum bandwidth needed to achieve a data rate of B bits/sec if the signal is transmitted using NRZ, MLT-3, and Manchester encoding? Explain your answer.
-
In a small open economy, net exports NX depend negatively on the real ex- change rate, which moves in line with the nominal exchange rate (the foreign- currency price of domestic currency) because...
-
1 Assumptions, DCF valuation for Graham Holdings 2 3 Growth of EBIAT through 2021 4 Nonrecurring non-operating income/(expense) 2017-2021 5 Growth of every other income statement item through 2021 6...
-
3. Given the recurrence relation: Calculate T(n) for n= 1.2.3.4.5. 12 T(n) T(n)= 3T ([n/2])+ 2m +1 T(0) 0 1 2 3 4 5 [10 pts
-
Valmont Limited purchased equipment on March 27, 2018, at a cost of $244,000. Management is contemplating the merits of using the diminishing-balance or units-of-production method of depreciation...
-
In a globalized economy with many business complexities, speculate the major ways that these complexities might impact a business and suggest two (2) actions that a business can take in order to...
-
Home whitegoods manufacturer, Fresh Ltd, is evaluating the purchase of a new machine that will cost \($580\) 000 and be paid for in cash. The machine will be depreciated over 10 years with a resale...
-
The following information is available for the Johnson Corporation for 2011: Required: Applying both a perpetual and a periodic inventory system, prepare the journal entries that summarize the...
-
act as a consultant hired by the operations director of the Barry Computer Company provide a financial analysis and comparison to the industry. You will conduct a financial ratio analysis to gain a...
-
A hospital budgets for overheads totalling $11 500,000 for a financial year. It expects to treat 25,000 patients in the year. Each patient stays an average of ten days and the hospital absorbs...
-
Define the term margin of safety. If Peine Company expects to sell 1,250 units of its product at $12 per unit, and break-even sales for the product are $12,000, what is the margin of safety ratio?
-
The traditional income statement for Mallon Company shows sales $900,000, cost of goods sold $500,000, and operating expenses $200,000. Assuming all costs and expenses are 70% variable and 30% fixed,...
-
Compute and interpret the r 2 and r values for the regression analysis described in Exercise 1 (Jessicas coffee shop). Be sure to show the correct sign for r.
-
What is the principal difference between an operating lease and a purchase lease?
-
Distinguish between a bailment and a licence. In what circumstances is the distinction especially important?
-
What are the main perceived advantages of leasing capital assets as opposed to borrowing in order to purchase them?
-
What factors determine the standard of care to be expected of a bailee?
-
What is a sub-bailment?
-
Consider the following Transfer Function models for three dynamic systems. (a) \[H_{1}(s)=\frac{5 s}{s^{2}+2 s+5}\] (b) \[H_{2}(s)=\frac{5}{s^{2}+2 s+5}\] (c) \[H_{3}(s)=\frac{\omega_{n}^{2}}{s^{2}+2...
-
The 2017 financial statements of the U.S. government are available at: https://www.fiscal.treasury.gov/fsreports/rpt/finrep/fr/fr_index.htm Use these to answer the following questions: a. Statement...
-
A cable with neoprene insulation has nominal ampacity of 250 A in 30C ambient air. Determine its ampacity for use in a boiler room where the ambient air is 50C.
-
Zoe Washburne Company has a balance in its Accounts Payable control account of $8,250 on January 1, 2012. The subsidiary ledger contains three accounts: Gina Company, balance $3,000; Torres Company,...
-
Hoban Company uses special journals and a general journal. The following transactions occurred during September 2012. Sept. 2 Sold merchandise on account to H. Wash, invoice no. 101, $720, terms...
-
Inara Serra Co. uses special journals and a general journal. The following transactions occurred during May 2012. May 1 I. Serra invested $50,000 cash in the business. 2 Sold merchandise to Morena...
-
1. How does marketing create value, and how do firms become more value driven? 2. Describe a firm's stakeholders and how they are impacted by conscious marketing.
-
Beginning inventory 100 units @ $8.00 = $ 800 Purchase # 1 200 units @ $6.00 = 1,200 Purchase # 2 100 units @ $12.00 = 1,200 Total 400 units $3,200 Ending inventory is 150 units. 1. What is cost of...
-
Sam's Ice Creams, a cottage country favourite in Northern Ontario, has launched a new range of ice creams branded as "Summer Flavours." To capitalize on the cottage and tourism season from May to...
Study smarter with the SolutionInn App