Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a company has budgeted sales of $200,000, a profit

A company has budgeted sales of $200,000, a profit of $60,000 and fixed expenses of...

90.2K

Verified Solution

Question

Accounting

A company has budgeted sales of $200,000, a profit of $60,000 and fixed expenses of $40,000.

1) Calculate contribution margin ratio:

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

The Duncan Company has just completed a number of budgets forthe coming year. The...

Accounting
Q

Assuming that the current interest rate is 3 percent, compute the present value of a five-year,...

Finance
Q

An observer (O) is standing on a long tunnel that has a rest length of 12 c.µs.  O...

Physics
Q

All of these sentences include commonly confused homophones. Which sentence is correct? a) It is...

Biology
Q

Sketch a sugar linearly and as a ring Using a different color number your carbons

Biology
Q

x a 5 x 6 7 x fonksiyon ise f 2 a b bir sab...

Geometry
Q

Suppose a county s recent health report gives a pet allergy prevalence of 0 16...

Basic Math
Q

Howard Industries' 2020 income statement reported total revenues of $875,000 and...

Accounting
Q

Carolyn, age 50, earns a salary of $88,000 as an employee at George Brown College....

Accounting
Q

If beginning work in process is 4,000 units, ending work in process is 2,000 units,...

Accounting
Q

Chrome Ch 24 HW 2 0 Required information The following information applies to the questions...

Accounting
Q

To meet the first due diligence requirements a Tax Professional must:: 1. Read each question...

Accounting