The contribution margin ratio is 20% for Crowne Company and the break-even point in sales is $270,000.

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

Question:

The contribution margin ratio is 20% for Crowne Company and the break-even point in sales is $270,000. If Crowne Company's target operating profit is $67,000, sales would have to be

a). $605,000.
b). $337,000.
c). $400,000.
d). $335,000.

Related Book For answer-question

Fundamental Managerial Accounting Concepts

ISBN: 978-0078110894

6th Edition

Authors: Edmonds, Tsay, olds

See More Books

Posted Date: Jan 18, 2021 09:48 PM

See More Questions

A substitution cipher does not have to be a character-to-character transformation. In a Polybius cipher, each letter in the plaintext is encrypted as two integers. The key is a 5 Ã 5 matrix of...
The first would have to be when my laptop started acting up and I took it to a local repair shop to see if it could be repaired. I first spoke to the repair guy over the phone trying to explain to...
Lorna Corporation has determined the contribution margin ratio is 35% and the income tax rate is 40%. Required: A). Assume break-even volume in dollars is $1,500,000. What are total fixed costs? B)....
To earn extra money, you and your friends decide to start a carwash. Based on some data you have collected, you predict that when you charge p dollar to wash and detail a car, you will have a demand...
Let s (t) be a periodic square wave as illustrated in the accompanying figure. Suppose a random process is created according to X (t) = s (t T), where T is a random variable uniformly distributed...
Under what conditions has rangeland fertilization been financially most effective?
The limitations on a practitioner's professional responsibilities when associated with unaudited financial statements are often misunderstood, although the risk of misunderstanding can be reduced...
On March 1, 2012, Mitch Quade established Marine Realty, which completed the following transactions during the month: a. Mitch Quade transferred cash from a personal bank account to as account to be...
In an action movie, an actor runs at 8.0 m/s from a car explosion. If the explosion accelerates the actor 4.0 m/s for 2.2 s, how far will he travel due to the explosion?
You are given a path to a file of comma-separated values (CSV), jobs.csv, which contains people's names and job titles, such as Dancer, Nurse, Pilot, etc. The dataset has two columns: 'name' (a...
Novak Corp. 's net income for the current year was $ 586000 . Depreciation was $ 76000 . Accounts receivable and inventories decreased by $ 24000 and $ 39000 , respectively. Prepaid expenses and...
Which is worth more: (a) $500 today, (b) $1,000 in 9 years if the interest rate is 8 percent?
Can frictional unemployment by itself explain the fact that the late 2010s saw more job openings than unemployed workers? Why are there plenty of skilled workers among older job seekers but very few...
Which of the following statements is true? a) In 2012 Apple was the most profitable corporation. b) In 2012 ten corporations had profits of over $20 billion. c) In 2012 two corporations each made...
Which statement is true? a) A dollar today is worth more than a future dollar because of inflation. b) A dollar in the future is generally worth more than a dollar today. c) There is no way to...
More poor people live in ________ than in any other area of the United States. a) cities b) suburbs c) smaller metropolitan areas d) rural communities.
Can I please have the correct bluebook citation for Ammon v. Welty 2002 Ky Appeals Court
1. Use these cost, revenue, and probability estimates along with the decision tree to identify the best decision strategy for Trendy's Pies. 2. Suppose that Trendy is concerned about her probability...
Financial versus managerial accounting items Required Indicate whether each of the following items is representative of financial or managerial accounting. a. Condensed financial information sent to...
Cost of goods manufactured and sold The following information pertains to Pandey Manufacturing Company for March 2012. Assume actual overhead equaled applied overhead. Required a. Prepare a schedule...
Which individuals are normally held responsible for labor usage variances?
For a reversible process, change in entropy of the system (a) Approaches to zero (b) Increases (c) Decreases (d) Remains constant
For a multi-component system, the chemical potential is equivalent to (a) Molar free energy (b) Molar concentration difference (c) Molar free energy change (d) Partial molar free energy
A domestic refrigerator consists of (a) A condenser, a compressor and an evaporator (b) A condenser, a throttling valve, a compressor and an evaporator (c) A condenser, a throttling valve and an...

The contribution margin ratio is 20% for Crowne Company and the break-even point in sales is $270,000.

Question:

Expert Answer:

break even point in sales fixed cost contribut... View the full answer

Fundamental Managerial Accounting Concepts

Students also viewed these accounting questions