Answer:
The answer is E. 12.22 percent.
Explanation:
The calculation for common-size percentage is: (Amount / Base amount) x 100.
On the balance sheet or financial position the base is total assets and on the income statement the base is net sales.
The common-size statement value of inventory will be:
Value of inventory/total assets.
Total assets = $2,600 + $920
=$3,520
Value of inventory = $430
Therefore, we have:
($430/$3,520) x 100
12.22percent.
Answer:
The Break-even annual sales= $2,222,222.22
Explanation:
<em>The break-even sales is the amount of revenue that a business must generate that would equate its total costs to total revenue. At the break even sales, the contribution is exactly to total iced cost, and the business makes no profit or loss</em>
Contribution margin ratio = (20-5)/20=75%
Break-even (units) = Total general fixed cost /(selling price- variable cost)
= 5,000,000/75%
= $6,666,666.67
The annual sales = $6,666,666.67/3 = $2,222,222.22
The Break-even annual sales= $2,222,222.22
Answer:D
Explanation: :) trust me look at meh face
<span>“I think you handled the problem in a very clever way.” is the correct sentence
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