Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. help asap pls! sheridan repairs has 200 auto-

help asap pls! Sheridan Repairs has 200 auto-maintenance service outlets...

90.2K

Verified Solution

Question

Accounting

help asap pls!
image
image
Sheridan Repairs has 200 auto-maintenance service outlets nationwide. It performs primarily two lines of service: oil changes and brake repair. Oil change-related services represent 80% of its sales and provide a contribution margin ratio of 25%. Brake repair represents 20% of its sales and provides a 35% contribution margin ratio. The company's fixed costs are $15,608,700 (that is, $78,044 per service outlet). Sales mix is determined based upon total sales dollars. Calculate the dollar amount of each type of service that the company must provide in order to break even. (Use WeightedAverage Contribution Margin Ratio rounded to 2 decimal places e.g. 0.25 and round final answers to 0 decimal places, e.g. 2,510 .) The company has a desired net income of $50,989 per service outlet. What is the dollar amount of each type of service that must be performed by each service outlet to meet its target net income per outlet? (Use Weighted-Average Contribution Margin Ratio rounded to 2 decimal places e.g. 0.25 and round final answers to 0 decimal places, e.g. 2,510.)

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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Write a literature survey about DC power supply circuit and audio amplifier circuit to preform a...

Electrical Engineering
Q

please solve by hand

Basic Math
Q

Professional Development Plan on how to become a cardiac surgeon 1 Develop a comprehensive plan...

Biology
Q

10 i I 1 I I T 1 I 1 I I 1 1 i...

Geometry
Q

Graph the equation and state the slope of the line if t y 8

Calculus
Q

The graph of y f z has the following features e e f 2 1...

Calculus
Q

etermine the domain and range for the graph below Write your answers in interval notation...

Algebra
Q

Question 28 10 8 6 4 Slope m 2 10 8 6 4 2 2...

Algebra
Q

Applying Integrated Excel: Perpetual: Inventory costing methods FIFO and LIFO Your Company reported the following...

Accounting
Q

Grouper Warehouse distributes suitcases to retail stores and extends credit terms of n/30 to all...

Accounting
Q

Suppose that a one-year project that requires an initial investment of $5 million has a...

Finance
Q

The use of certainty-equivalent cash flows can help in the following ways: l) there is...

Finance