Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. break-even sales: sales for target profit health-t

Break-Even Sales: Sales for Target Profit Health-Temp Company Is a placement agency for temporary nurse-s....

80.2K

Verified Solution

Question

Accounting

image
Break-Even Sales: Sales for Target Profit Health-Temp Company Is a placement agency for temporary nurse-s. It serves hospitals and clinics throughout the metropolitan area. Health-Temp Company belleves it will place temporary nurses for a total of 22,000 hours next year, Health-Temp charges the hospitals and clinics $100 per hour and has variable costs of $81.00 per houn (this includes the payment to the nurse). Total fixed costs equal $406,030. Required: 1. Caiculate the contribution margin per unit and the contritution margin ratio (express the ratio as a decimal rather than a percentage). If required, round your answers to two decimal places. 2. Calculate the sales revenue needed to break even. 1 3. Calculate the sales revenue needed to achieve a target pront of $117,800, 1 4. What if Health-Temp had target operating income (profit) of $144,400$ Would sales revenue be larger or smaller than the one caiculated in Requirement 37 By how much

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

Marko Company sold spray paint equipment to Spain for 4,000,000 pesetas (P) on October 1, with...

Accounting
Q

Use the following information to compute Fixed costs, Depreciation, and Operating Cash Flow: Price per unit                                      71.00 Variable cost per unit                           52.75 Cash...

Finance
Q

LINEAR SYSTEMS Graphing a system of two linear inequalities Oraph the solution to the following...

Basic Math
Q

The weight of a car in pounds can influence the mileage in mpg that the...

Statistics
Q

Find the rational number representation of the repeating decimal 0 945

Calculus
Q

On January 1, 2017, Larkspur Company makes the two following acquisitions. ...

Accounting
Q

Express the following comparative income statements in common size percents. Using the common size percentages,...

Accounting
Q

A, B and C, who are unrelated, each own 1,000 shares of common stock (the...

Accounting
Q

Calculate B.E.P. from the following Information: (a) Sales $ 100,000, Variable Cost $, 50,000, Profit...

Accounting
Q

Bradley has two college-age children, Clint, a freshman at State University, and Abigail, a junior...

Accounting
Q

Problem 5 Nonlinear Equations (10 pts) Lee and Duffy relate the friction factor for flow...

Accounting
Q

Lush Gardens Co. bought a new truck for $58,000. It paid $5,800 of this amount...

Finance