Best Wholesale recently calculated their break-even point for their Midwest operations. The national sales manager has asked
Question:
Best Wholesale recently calculated their break-even point for their Midwest operations. The national sales manager has asked them to include a $10,500 margin of safety in their calculations. Using the following information, recalculate Best Wholesale’s break-even point in units and dollars with the $10,500 margin of safety included.
Transcribed Image Text:
Units sold Sales price per unit Variable cost per unit Contribution margin per unit Fixed costs Break-even (in units) Contribution margin ratio Break-even (in dollars) $ LA LA LA LA Current 1,200 750 575 175 $ $ $ 96,250 550 23.33% $412,500
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (7 reviews)
To recalculate Best Wholesales breakeven point in units and dollars with the 10500 margin of safety included we first need to understand the concept o...View the full answer
Answered By
Ma Kristhia Mae Fuerte
I have extensive tutoring experience, having worked as a private tutor for over three years. I have tutored students from different academic levels, including high school, undergraduate, and graduate levels. My tutoring experience has taught me to be patient, attentive to student needs, and effective in communicating difficult concepts in simple terms.
I have a strong background in statistics, probability theory, data analysis, and data visualization. I am proficient in using statistical software such as R, Python, and SPSS, which are commonly used in academic research and data analysis. Additionally, I have excellent communication and interpersonal skills, which enable me to establish rapport with students, understand their learning styles, and adapt my teaching approach to meet their needs.
I am passionate about teaching and helping students achieve their academic goals.
0.00
0 Reviews
10+ Question Solved
Related Book For
Principles Of Accounting Volume 2 Managerial Accounting
ISBN: 9780357364802
1st Edition
Authors: OpenStax
Question Posted:
Students also viewed these Business questions
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
List three specific parts of the Case Guide, Objectives and Strategy Section (See below) that you had the most difficulty understanding. Describe your current understanding of these parts. Provide...
-
The Jacksonville Shirt Company makes two types of T-shirts: basic and custom. Basic shirts are plain shirts without any screen printing on them. Custom shirts are created using the basic shirts and...
-
Consider the nutrition problem in Example 1 of Section 3.3. Solve the problem by the simplex method, and then determine the optimal quantities of soybeans and rice in the diet, and the new cost, if...
-
The accounting records of Action Athletics, Inc., reveal the following: Net Income .....................................................................................$22,000 Depreciation...
-
The Bank of Canada can perfectly control the amount of the monetary base, but has less control over the composition of the monetary base. Is this statement true, false, or uncertain? Explain.
-
1. Your instructor will divide the class into teams and assign each team the task of investigating the start-up of one of the following businesses: a. Submarine sandwich shop b. Day care service c....
-
During Heaton Companys first two years of operations, the company reported absorption costing net operating income as follows: The companys $18 unit product cost is computed as follows: Forty percent...
-
3) The cost and revenue function in dollar terms for a fast-food joint is given as follows: C(x)=200x+200 and R(x) = 50x X + 4 If x is measured in hundreds of units, what is the break-even point for...
-
Marshall & Company produces a single product and recently calculated their break-even point as shown. What would Marshalls target margin of safety be in units and dollars if they required a $14,000...
-
Explain margin of safety and why it is an important measurement for managers.
-
Use a text editor to create a comma-delimited file of user IDs and passwords. Revise any one of the games you have created throughout this book so the user must first enter a correct ID and its...
-
Some argue that globalization has gone too far. Others argue that globalization, despite its imperfections, makes the world better. What are the ethical dilemmas in each position? What do you think?
-
Hypothetically, your MNE is the largest foreign investor in (1) Vietnam, where religious leaders are being prosecuted; (2) Estonia, where ethnic Russian citizens are being discriminated against by...
-
Assume that the marginal product of labor is given by the following expression: MPL = 52/L0.3 (L is measured in millions). a) What is the marginal product of labor when L = 80 million? b) Determine...
-
The Federal Reserve announced the closing of many lending facilities, like the term auction facility (TAF), that were originally created to extend loans to financial intermediaries during the most...
-
Why do price wars often erupt in certain industries (such as the automobile industry) but less frequently in other industries (such as the diamond industry)? What can firms do to discourage price...
-
On June 1, Guitar Magazine collected cash of $51,000 on future annual subscriptions starting on July 1. Requirements 1. Journalize the transaction to record the collection of cash on June 1. 2....
-
Find the work done in pumping all the oil (density S = 50 pounds per cubic foot) over the edge of a cylindrical tank that stands on one of its bases. Assume that the radius of the base is 4 feet, the...
-
You are an accounting student at your local university. Your brother has recently managed to save $5,000, and he would like to invest some of this money in the stock market, so hes researching...
-
Selected accounts from Hanna Corporations trial balance are as follows. Prepare the assets section of the companys balance sheet. (Selected Accounts) HANNA CORPORATION Trail Balance December 31 Cash...
-
Selected accounts from Phipps Corporations trial balance are as follows. Prepare the assets section of the companys balance sheet. (Selected Accounts) PHIPPS CORPORATION Trail Balance December 31...
-
Explain why you would recommend I am lost. Suppose your roommate, a political science major, asks you to help her purchase a new laptop computer. She wants to use the computer for email, Internet...
-
How would you describe the role of women in America? How did it change over time - from the start of the country to the late 1800s? Why or how might literature by women be different from literature...
-
Accounts Cash Accounts Receivable Supplies Prepaid Insurance BOILERMAKER UNLIMITED Adjusted Trial Balance December 31, 2024 Debits Credits $ 16,000 25,000 32,000 7,000 425,000 Investments (long-term)...
Study smarter with the SolutionInn App