Stancils Dry Cleaners has determined the following about its costs: Total variable ex-penses are $ 45,000, total
Question:
Stancil’s Dry Cleaners has determined the following about its costs: Total variable ex-penses are $ 45,000, total fixed expenses are $ 30,000, and the sales revenue needed to breakeven is $ 40,000. Determine Stancil’s current 1) sales revenue and 2) operating income.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 78% (14 reviews)
This problem involves working backwards through the shortcut contribution margin formula and then wo...View the full answer
Answered By
Nazrin Ziad
I am a post graduate in Zoology with specialization in Entomology.I also have a Bachelor degree in Education.I posess more than 10 years of teaching as well as tutoring experience.I have done a project on histopathological analysis on alcohol treated liver of Albino Mice.
I can deal with every field under Biology from basic to advanced level.I can also guide you for your project works related to biological subjects other than tutoring.You can also seek my help for cracking competitive exams with biology as one of the subjects.
3.30+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Managerial Accounting questions
-
Stancil Drycleaners has determined the following about its costs: Total variable expenses are $38,000, total fixed expenses are $36,000, and the sales revenue needed to break even is $45,000. Use the...
-
Anderson Dry Cleaners has determined the following about its costs: Total variable expenses are $ 42,000, total fixed expenses are $ 24,000, and the sales revenue needed to breakeven is $ 48,000....
-
Bentfi eld Dry Cleaners has determined the following about its costs: Total variable expenses are $32,000, total fixed expenses are $25,200, and the sales revenue needed to break even is $42,000....
-
Give the eccentricities of conic sections with one focus at the origin of the polar coordinate plane, along with the directrix for that focus. Find a polar equation for each conic section. e = 1/2, r...
-
A critic of Canada Post claims that its financial returns are typically $200 million less than forecast. In five of the years of the 1990s, the mean difference (in millions of dollars) between Canada...
-
Experimental advantages of using pea plants include which of the following? a. They came in several different varieties. b. They were capable of self-fertilization. c. They were easy to cross. d. All...
-
A new high-definition television costing $\$ 2,999$ is on a rent-to-own plan and is to be paid in 18 end-of-month payments (starting one month from now). The monthly payments are determined as...
-
Homeowners Heroes Inc., manufactures household products such as windows, light fixtures, ladders, and work tables. During the year it produced 10,000 Model 10X windows but only sold 5,000 units at...
-
es AA 4-3 Extended Analysis LO A1 The following selected information is available from Samsung's financial statements. In millions Current assets Current liabilities Required: Current Year Prior Year...
-
Norway has a long tradition of boatbuilding stretching back to before Viking times. This is due, no doubt, to Norways proximity to the sea, ample forests, and long coastline. Among luxury sailing...
-
Aussie Travel uses the contribution margin income statement internally. Aussies second quarter results are as follows: Aussies relevant range is sales of between $ 115,000 and $ 680,000. Requirements...
-
Hang Ten produces sports socks. The company has fixed expenses of $ 80,000 and variable expenses of $ 0.80 per package. Each package sells for $ 1.60. Requirements 1. Compute the contribution margin...
-
An article in the Economist magazine observes: "One big reason to tie money to a commodity standard would be to limit its growth in order to protect against runaway inflation." Source: "on Gold and...
-
In 2017 -18, a taxpayer makes a number of disposals, as listed below. Which of these disposals would be exempt from CGT? (a) An antique table sold for 5,000. (b) A watercolour painting sold at...
-
In September 2008 , Pamela bought a building for business use at a cos t of 150,000. I n September 2017 she sold the building for 261,400 and immediately bought another building, again for business...
-
Melanie bought a house on 1 June 1986 for 3 1,000. The house was sold on 31 December 2017 for 173,000. Compute the chargeable gain arising in each of the following cases: (a) Melanie occupied the...
-
Katherine acquired a 40-year lease on a property on 31 August 1999 for 75,000. On 31 August 2017 she assigned the lease to Francesco for 97,500. The property was never Katherine's residence. Compute...
-
In June 201 6, Walter bought 10 ,000 shares in Ovod plc at a cost of 7 per share. In September 2017 , Rundico plc made a takeover bid for Ovod plc, offering the Ovod shareholders eight Rundico shares...
-
Kyle Mayer won the Kentucky State Lottery and will receive the following set of cash flows over the next two years: Kyle can currently earn 6 percent in his money market account, so the appropriate...
-
Velshi Printers has contracts to complete weekly supplements required by fortysix customers. For the year 2018, manufacturing overhead cost estimates total $600,000 for an annual production capacity...
-
How is choice architecture related to behavioral economics and mechanism design?
-
Evansville Preschool operates a not-for-profit morning preschool that operates eight months of the year. The preschool has 190 kids enrolled in its various programs. The preschool's primary expense...
-
Delta Labs performs a specialty lab test for local companies for $45 per test. For the upcoming quarter, Delta Labs is projecting the following sales: The budgeted cost of performing each test is...
-
Suffield Motors is a chain of car dealerships. Sales in the fourth quarter of last year were $4,400,000. Suppose management projects that its current year's quarterly sales will increase by 7% in...
-
The controller for Tulsa Medical Supply Company has established the following activity cost pools and cost drivers. Machine setups Budgeted Overhead Cost Cost Driver Number of setups Weight of raw...
-
In 2023, Miranda records net earnings from self-employment of $168,500. She has no other income. Determine the amount of Miranda's self-employment tax and her AGI income tax deduction. In your...
-
Describe how empowerment, work groups, and multifunctional teams would or would not affect the five types of problems.
Study smarter with the SolutionInn App