Manzanita Cider, a company that sells apple cider, has the following information: The average sales price of

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

Question:

Manzanita Cider, a company that sells apple cider, has the following information:

The average sales price of each bottle is $15

The average cost of each bottle is $6

The rent for March on its retail store is $2,500

Insurance costs for March are $100

Salaries of employees for March are $5,000

Based on the information above, how many bottles does Manzanita Cider need to sell to reach an operating income of $70,000? (Round to the nearest unit.

Related Book For answer-question

Horngrens Financial and Managerial Accounting

ISBN: 978-0133866292

5th edition

Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura

See More Books

Posted Date: Apr 12, 2023 06:20 AM

See More Questions

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...
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...
The Savannah 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 then...
Pohle Designs has a department that makes high-quality leather cases for iPads. Consider the following data for a recent month: Budget Formula per Unit Various Levels of Output 10.000 1.000 12000...
How many end office codes were there pre-1984, when each end office was named by its three-digit area code and the first three digits of the local number? Area codes started with a digit in the range...
During certain periods, Yang Company invests its excess cash until it is needed. During 2010 and 2011, Yang engaged in these transactions: 2010 Jan. 16 Invested $146,000 in 120-day U.S. Treasury...
The following information relates to V Limited, a manufacturing company. Additional Information: (a) Inventory was worth 13,000 on 30 September 2017. (b) Premises consist of land costing 250,000 and...
On February 14, 2016, Isabelle Moretti, Aida Kam, and Channade Fenandoe start a partnership to operate a marketing consulting practice. They sign a partnership agreement to split profits in a 2:3:4...
Graph the points A(-5,-3), B(-1, -7), C(1,-5), and D(-3,-1). Draw rectangle ABCD and diagon a. Find the midpoints of AC and BD. b. What appears to be true about the diagonals of a rectangle? Draw the...
Based on the information presented in the minicase, and the discussion in both Chapter 2 and this chapter, to what extent does Elon Musk fit the general charac- teristics of an entrepreneur and a...
For each of the following pairs of numbers, find the gcd of thetwo numbers, and express the gcd as a linear combination of the twonumbers. (a) 56 and 42 (b) 81 and 60 (c) 259 and 77 (d) 72 and 42 (e)...
Furniture priced at $20,000 is purchased. A deposit of 15% is paid. The balance is borrowed using a flatrate loan at 19% per annum interest, to be repaid in equal monthly instalments over five years....
You have been asked to estimate the cost of capital for the UTX corporation. The company has 7 million shares and 150,000 bonds outstanding at par value $10,000. In addition, it has $300 million in...
In a decision in 2022, the U.S. Supreme Court overturned its earlier decision in Roe v. Wade, which had stood for more than 40 years. In Roe v. Wade, the Court had held that the right to choose to...
How does this case illustrate clients' cultural differences? Are the views and conduct of the parent in this case the same as you have and would have taken? What ethical obligations does the...
Describe the anatomical and physiological characteristics of the renal system, including the nephron structure, renal blood flow regulation, and mechanisms of urine concentration and dilution, and...
. Weld, Tall, and Woo decide to form a T-shirt design partnership. Amy Weld figures this T-shirt design business will help her other company, Happy Camper Company, with any T-shirt design needs. ...
Ex. (17): the vector field F = x i-zj + yz k is defined over the volume of the cuboid given by 0x a,0 y b, 0zc, enclosing the surface S. Evaluate the surface integral ff, F. ds?
The stockholders equity of Poolside Occupational Therapy, Inc. on December 31, 2015 follows: Stockholders' Equity Paid-In Capital: Common Stock$2 Par Value; 1,600 shares authorized, 600 shares issued...
The adjusted trial balance of Elmo Real Estate Appraisal at June 30, 2016, follows: Requirements 1. Prepare the companys income statement for the year ended June 30, 2016. 2. Prepare the companys...
Montana Cycles started July with 25 bicycles that cost $36 each. On July 16, Montana bought 35 bicycles at $60 each. On July 31, Montana sold 33 bicycles for $105 each. Requirements 1. Prepare...
Describe the term cost driver in relation to ABC. Give an example of a cost driver in events, hospitality and tourism.
How does activity-based management (ABB) build on ABC?
Explain the difference between a traditional hotel accounting approach and that used in CPA.

Manzanita Cider, a company that sells apple cider, has the following information: The average sales price of

Question:

Expert Answer:

Horngrens Financial and Managerial Accounting

Students also viewed these accounting questions