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weeeeeb [17]
3 years ago
6

Lake Sales had $2,200,000 in sales last month. The contribution margin ratio was 30% and operating profits were $180,000. What s

ales volume does Lake's need to yield a $240,000 operating profit
Business
1 answer:
IrinaVladis [17]3 years ago
8 0

Answer:

Sales volume= $2,400,000

Explanation:

Giving the following information:

Lake Sales had $2,200,000 in sales last month.

The contribution margin ratio was 30% and operating profits were $180,000.

Desired profit= $240,000.

First, we need to calculate the fixed costs using the break-even point in dollars formula:

Break-even point (dollars)= (fixed costs + profit)/ contribution margin ratio

2,200,000= (fixed costs + 180,000) / 0.30

480,000= fixed costs

Now, we can calculate the number of sales required for $240,000 in profits

Break-even point (dollars)= (480,000 + 240,000)/0.3

Break-even point (dollars)= $2,400,000

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3 years ago
Difference between luna and sol?​
mr Goodwill [35]
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3 years ago
In building a sustainable organization, management should strive to make the organization sustainable in three areas ? ________.
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Sustainability organizations are composed of groups of individuals that plan to propel sustainability or potentially those activities of sorting out something economically. Dissimilar to numerous business associations, sustainability associations are not restricted to actualizing sustainability methodologies which furnish them with financial and social advantages accomplished through ecological duty. For these associations or organizations, sustainability can likewise be an end in itself without additional explanations.
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3 years ago
Read 2 more answers
Willow Corp. (a C corporation) reported taxable income before the net operating loss deduction (NOL) in the amount of $100,000 i
egoroff_w [7]

Willow Corp NOL carryover to 2021 (year 4) is $10,000

<h3>How to calculate Willow Corp NOL carryover to year 4</h3>

  • Year 3 income = $100,000

Carry forward losses:

  • Year 1 = $50,000
  • Year 2 = $40,000

Total carry forward losses = $50,000 + $40,000

= $90,000

Eligible carry forward loss = $100,000 × 80%

= $100,000 × 0.8

= $80,000

Willow Corp tax liability in year 3 = $100,000 - $80,000 × 21%

= $20,000 × 21%

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brainly.com/question/25504231

3 0
2 years ago
A T-bill that is 290 days from maturity is selling for $96,040. The T-bill has a face value of $100,000.
umka2103 [35]

Answer: a 0.049, 0.05 and 0.05 or 5%

b 0.039, 0.041 and 0.041 or 4%

Explanation:

Ai discounted yield = [(Face value - purchase price)/Face value] * 360/ maturity

Discount yield =:[(100000 - 96040)/100000] * 360/290

= 0.0396* 1.24

= 0.049

ii. Bond equivalent yield (BEY) = [(Face value - purchase price)/purchase value] * 365/M

BEY= [(100000 - 96040)/96040] * 365/290

BEY = 0.05

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EAR = [(1 + 0.05/(365/290)) exp (360/290) - 1]

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EAR = (1.04) exp (1.26) - 1

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The same formula are applied for the B part

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