Presto Corp. had total variable costs of $180,000, total fixed costs of $110,000, and total revenues of
Question:
Presto Corp. had total variable costs of $180,000, total fixed costs of $110,000, and total revenues of $300,000. Compute the required sales in dollars to break even. Compute sales for target net income.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 72% (11 reviews)
Contribution margin ratio 300000 180000 300...View the full answer
Answered By
Ajay Negi
Hi, I've completed my degree in engineering (Information Technology) from an NIT. Currently working as a software engineer. Wish to impart quality education to the future generation.
5.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Presto SpA had total variable costs of 180,000, total fixed costs of 110,000, and total revenues of 300,000. Compute the required sales to break even.
-
Dugan Corp. had total variable costs of $180,000, total fixed costs of $160,000, and total revenues of $300,000. Compute the required sales in dollars to break even.
-
Molle Corp. had total variable costs of $170,000, total fixed costs of $120,000, and total revenues of $250,000. Compute the required sales in dollars to break even.
-
Another liability that employers have is that of unemployment insurance. Class, let's talk about this a little more. At what levels are unemployment liabilities incurred? What are some additional...
-
Plastic extrusion is a well-established method widely used in the polymer processing industry [12]. Such extruders typically consist of a large barrel divided into several temperature zones, with a...
-
Eighty people downloaded a particular application and recorded the time taken for the download to complete. The times are given in the following table. a. Find the number of downloads that completed...
-
The following arrangement indicates whether 60 consecutive cars which went by the toll booth of a bridge had local plates, \(L\), or out-of-state plates, \(O\) : Test at the 0.05 level of...
-
The employees of Carson Bakery Company earn total wages of $7,780 during January. The total amount is taxable under FICA, FUTA, and SUTA. The state contribution rate for the company is 4.3%. The...
-
. Can you describe what's wrong with the below code? 1 testProc([1, 2, 3]) # Explicitly passing in a list 2 testProc() # Using a default empty list 3 4 def testProc(n = []): 5 # Do something with n 6...
-
Shiloh Chemicals, Inc., which manufactures products on a continuous basis, had 800 units in process in Dept. 1, one-half completed, at the beginning of May. The costs in April for processing these...
-
What are some of the limitations of regression analysis?
-
Russell Inc. had sales of $2,200,000 for the first quarter of 2022. In making the sales, the company incurred the following costs and expenses. Prepare a CVP income statement for the quarter ended...
-
On 1 January 20X5, Franco Ltd. purchased $400,000 of Gentron Company 5% bonds. The bonds pay semi annual interest each 30 June and 31 December. The market interest rate was 6% on the date of...
-
Using real-world examples, discuss the strengths and limitations of two different approaches to measuring economic development.
-
Give a general description of PERT/CPM techniques.
-
Using real-world examples, evaluate the success of a country of your choice in achieving any two Sustainable Development Goals.
-
Using real-world examples, discuss the possible relationship between economic growth and economic development.
-
Murchison Technologies, Inc. recently developed a patient-billing software system that it markets to physicians and dentists. Jim Archer and Janice Johnson founded the company in Austin, Texas five...
-
In cost estimation, the total cost of a project is the sum of component task costs. Each of these costs is a random variable with a probability distribution. It is customary to obtain information...
-
List four items of financial information you consider to be important to a manager of a business that has been operating for a year.
-
The March 4, 2010, edition of the Wall Street Journal Online contains an article by Jeffrey McCracken and Tom McGinty entitled With Fistfuls of Cash, Firms on Hunt. Instructions Read the article and...
-
The incredible growth of Amazon.com has put fear into the hearts of traditional retailers. Its stock price has soared to amazing levels. However, in 2001 many investors were very concerned about...
-
Bob Soakup and Clare Karr are examining the following statement of cash flows for Baldwin Company for the year ended January 31, 2012. BALDWIN COMPANY Statement of Cash Flows For the Year Ended...
-
The figure below shows forces acting at various points on a metal shaft. The angles a = 40, = 29, y = 17. The length = 4.4 m. Find the net torque (in N m) on the shaft about the following axes. 25 N...
-
How can cross-functional teams, comprising members from diverse departments and disciplines, navigate the challenges of differing perspectives, knowledge bases, and work processes to achieve project...
-
What are the unique challenges and opportunities associated with virtual teams and remote collaboration, and how can technology, communication tools, and best practices be leveraged to overcome...
Study smarter with the SolutionInn App