Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. last month when holiday creations, inc., sold 39,0

Last month when Holiday Creations, Inc., sold 39,000 units, total sales were $287,000, total variable...

90.2K

Verified Solution

Question

Accounting

Last month when Holiday Creations, Inc., sold 39,000 units, total sales were $287,000, total variable expenses were $206,640, and fixed expenses were $35,500. Required: 1. What is the companys contribution margin (CM) ratio? Estimate the change in the companys net operating income if it were to increase its total sales by $2,800.

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

XYZ’s operating margin is 15%, 14%, 12%, 8% for years 1,2,3,4 respectively. Where would you look to...

Finance
Q

Should monetary and fiscal policy be used to stablize the economy during periods of inflation and...

Finance
Q

What are the similarities between Friedman’s and Anderson’s accounts of freedom and markets? What are the...

Psychology
Q

The sun is 150,000,000 km from earth; its diameter is 1,400,000 km.For a science project on...

Physics
Q

22 Two similar small balls of mass m and charge q each are suspended by...

Physics
Q

Given Square ABCD Prove AC BD D A

Geometry
Q

Which of the following would not be the result of a substitution2x + y =...

Basic Math
Q

A translation maps (x, y) to (x + 5,y + 3). In which quadront does...

Algebra
Q

Riverside Incorporated makes one model of wooden canoe. Partial information for it follows: ...

Accounting
Q

\begin{tabular}{|l|r|r|r|r|} & \multicolumn{1}{c}{HOMEDEPOTBalanceSheets} & LOWESBalanceSheets \\ \hline Assets & 2/2/2020 & 2/3/2019 & 1/31/2020 &...

Accounting
Q

Effective Gross Income: $200,000 Expenses are 30% of Effective Gross Income. Property Value is...

Accounting
Q

Question 32 (2.5 points) The state wants to build a road through John's property in...

Finance