Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the manager of gratiot flooring estimates operatin

The manager of Gratiot Flooring estimates operating costs for the year will include $597,000 in...

50.1K

Verified Solution

Question

Accounting

The manager of Gratiot Flooring estimates operating costs for the year will include $597,000 in fixed costs.
Required:
a. Find the break-even point in sales dollars with a contribution margin ratio of 30 percent.
b. Find the break-even point in sales dollars with a contribution margin ratio of 25 percent.
c. Find the sales dollars required to generate a profit of $96,000 for the year assuming a contribution margin ratio of 20 percent.
Complete this question by entering your answers in the tabs below.
Required A
Find the break-even point in sales dollars with a contribution margin ratio of 30 percent.
Break-even point in sales dollars
image

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

Discuss ALL of the steps involved in the excitation and contraction of a myofiber, in...

Medical Sciences
Q

Describe the three main functions of the spinal cord. Please answer this question in long paragraph...

Medical Sciences
Q

Product A is an end item and is made from two units of B and three...

Operations Management
Q

Solve each absolute value equation 7 3x 7 9 47

Basic Math
Q

11 2 7 pilly 2a 2 3a 5 a 4 7a O 13a 7a 9

Basic Math
Q

Casey bought a 15.4-pound turkey and an 11.6-pound ham for Thanksgiving and paid $38.51. Her...

Basic Math
Q

X 2x 3 Domain and Range Identify the domain and range of the function represented...

Algebra
Q

Solve 4x 21 Graph the solutions on the number line 26 14 45 H 10...

Algebra
Q

I NEED THIS ANSWERED WITHIN THE NEXT 30 MINUTES, PLEASE! WILL LIKE/COMMENT! Using...

Accounting
Q

Ludwig Inc. ships merchandise on consignment to Second Time Around Clothing, a retailer on June...

Accounting
Q

Cookie Fundraiser Mini Practice Set - Teams of 2 to 3 Here's the scenario: You...

Accounting
Q

Suppose your firm is considering investing in a project with the cash flows shown below,...

Finance