Country Furnishing sells its product for $180. In addition, it has a variable cost ratio of 60

Fantastic news! We've Found the answer you've been seeking!

Question:

Country Furnishing sells its product for $180. In addition, it has a variable cost ratio of 60 percent and total fixed costs of $16,000.

What is the break-even point in sales dollars for Country Furnishing?

Related Book For answer-question

Cornerstones of Managerial Accounting

ISBN: 978-0324660135

3rd Edition

Authors: Mowen, Hansen, Heitger

See More Books

Posted Date: Mar 06, 2023 12:16 AM

See More Questions

The CVP analysis looks at the break even point with different volume and pricing options and works to determine the most effective. The cost-volume-profit analysis, also commonly known as break-even...
The manufacturer of a product that has a variable cost of $2.50 per unit and total fixed cost of $125,000 wants to determine the level of output necessary to avoid losses. a. What level of sales is...
A company sells its product for $55 per unit. Write an expression for the amount of money received (revenue) from the sale of x units of the product.
International Microcircuits, Inc. Megan Bedding, vice-president of sales for International Microcircuits, Inc. (IM), was delighted when IM was one of the few firms invited to enter a bid to supply a...
Is the replacement cost of a business generally related to the value of the cash flows that the business is expected to produce in the future? Why or why not? Illustrate your answer with an example.
What is the problems with selecting a jury pool that reflects our racially diverse populations? What are two ways to improve jury selection to ensure that a criminal defendant has a jury that can be...
The number of movies watched by the residents of a locality per week (a) construct a probability distribution, (b) graph the probability distribution using a histogram and describe its shape. Number...
Optimal Capital Structure is there an easily identifiable debt-equity ratio that will maximize the value of a firm? Why or why not?
Explain why the price elasticity of demand determines the incidence of a commodity tax levied on the supplier? Explain why a tax on alcohol may have a deleterious impact on the families of alcohol...
"Part 1: The Performance Lawn Equipment database contains data needed to develop a pro forma income statement. Dealers selling PLE products all receive 18% of sales revenue for their part of doing...
Milmac Designs is a furniture store that sells Australian made lounges. The company incurred the following transactions during September 2020. The company uses the perpetual inventory system to...
Provide 2 examples of how confirmation bias could influence the integrity of the case? what are some ways we can limit the influence of forensic confirmation bias? how might the Daubert standard be...
The following firm pays no cash dividends and is not expected to for the next several years. Consider the following data: Humphrey Chemical, Incorporated Earnings Per Share (Time=0) Market...
Hugh George is a 40% partner in the Hammond & George Partnership. During 2022, the partnership reported the total items below (100%) on its Form 1065: View the items on the Form 1065. View more...
The most recent dividend paid by a company was $1.25. The dividends are expected to maintain a constant growth rate of 6% forever. If the stock currently sells for $32.50 per share, what is the...
List any five examples of documented information required to be maintained in accordance with ISO 9 0 0 1 : 2 0 1 5
Stephanie Spratt hopes to invest $4,000 at the end of the year. If her inverstments appreciate by 6% annually, the value of her investment will be $7,3163 in 10 years. If she earns an annual return...
Juarez worked for Westarz Homes at construction sites for five years. Bever was a superintendent at construction sites, supervising subcontractors and moving trash from sites to landfills. He...
Fractions or percentages computed by dividing one account or line-item amount by another are called a. ratios. b. industry averages. c. common-size statements. d. dividend yields. e. returns.
Refer to the Kepler Company information as shown in Problem 16-45. Also, assume that for last year and for the current year, the market price per share of common stock is $2.98. In addition, for last...
Hummer Company uses manufacturing cells to produce its products (a cell is a manufacturing unit dedicated to the production of subassemblies or products). One manufacturing cell produces small motors...
A and B contribute $20,000 each to form the AB partnership and agree to share profits and losses 80% to A and 20% to B. ABs partnership items for the year are as follows: (a) What is As portion of...
A and B form the AB equal general partnership. A contributes $$10,000$ cash and a depreciable asset with an adjusted basis of $$40,000$ and a fair market value of $$90,000.$ B contributes...
Which of the following taxpayers is engaged in a specified service trade or business? (a) A lawyer (b) An architect (c) A professional soccer player (d) A freelance writer who publishes articles and...

Country Furnishing sells its product for $180. In addition, it has a variable cost ratio of 60

Question:

Expert Answer:

Breakeven point in sales dollars Fixed C... View the full answer

Cornerstones of Managerial Accounting

Students also viewed these accounting questions