1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
tester [92]
4 years ago
15

Nolan Dry Cleaners has determined the following about its​ costs: Total variable expenses are $40,000​, total fixed expenses are

$30,000, and the sales revenue needed to break even is $40,000. Determine the​ company's current​ 1) sales revenue and​ 2) operating income. ​(​Hint:​ First, find the contribution margin​ ratio; then prepare the contribution margin income​ statement.)
Business
1 answer:
blondinia [14]4 years ago
3 0

Answer:

Operating income= 40,000

Explanation:

Giving the following information:

Total variable expenses are $40,000​, total fixed expenses are $30,000, and the sales revenue needed to break even is $40,000.

Sales= operating income + fixed costs + variable costs

Sales= 40,000 + 30,000 + 40,000= 110,000

Operating income:

Sales= 110,000

Variable costs= 40,000

Gross profit= 70,000

Fixed costs= 30,000

Operating income= 40,000

You might be interested in
HELPPPPP
Masteriza [31]

Answer:

I would say B, this career is unlikley to be a good fit for you.

Explanation:

It's common for your charateristicts to be different than those of the people in the job, but you must first always make sure that this is job is going to be ideal for you.

hope this helps!

4 0
3 years ago
The May transactions of Bramble Corp. were as follows:
svlad2 [7]

Answer and Explanation:

The journal entries are given below:

On May 4

Account  payable $610

        To cash $610

(To record the cash paid)

On May 7

Account  receivable $6,840  

       To service revenue $6,840

(To record the service on account)

On May 8

Supplies $870    

      To Account payable $870  

(To record supplies purchased on account)

On May 9

Equipment $1,930  

        To cash $1,930

(To record the equipment purchase)

On May 17

Salary expense $700

         To cash $700

(To record the salaries expense)  

On May 22

Repair expense $800  

        To Account payable $800

(To record the received bill for repairing of an equipment)

On May 29

Prepaid rent $1,280

         To cash  $1,280

(To record the cash paid)

4 0
3 years ago
A personal characteristic that fosters organizational politics is a) the desire to help. b) need for power. c) drive to be a vis
DanielleElmas [232]

Answer: b) need for power.

Explanation:

Organizational politics are activities that people engage in to be able to further their personal interests even if these interests are not always in the best interest of the company itself.

To be able to further their interests, they need power and influence which means that the personal characteristic that fosters organizational politics is the need to have power.

7 0
3 years ago
If a currency such as the​ US$ is traded in a competitive​ market, a(n)​ ________ in demand for the​ US$ ________ the price of t
Lerok [7]

Answer:

If a currency such as the​ US$ is traded in a competitive​ market, a(n)​ increase in demand for the​ US$ raises the price of the​ US$ in terms of another currency such as the Japanese Yen ​(yen​).

Explanation:

Basic offer and demand law.

5 0
3 years ago
The national institute for standards and technology is within which federal agency?
maksim [4K]
Most likely the National Institute for Standards and Technology falls under the U.S. Department of Commerce 
8 0
3 years ago
Other questions:
  • According to the following data,
    13·1 answer
  • What are two examples of document recognized in every state?
    5·1 answer
  • The cross price elasticity for coffee for a change in the price of tea is likely to be __________.
    12·1 answer
  • Element Corporation reported the following equity section on its current balance sheet.
    13·1 answer
  • Which of the following is a business strategy in which a product in its most basic version is provided free of charge but the co
    7·1 answer
  • As a certified public accountant, you have been contacted by Joe Davidson, CEO of Sports Pro Athletics, Inc., a manufacturer of
    6·1 answer
  • The following is taken from Ronda Co.'s internal records of its factory with two production departments. The cost driver for ind
    11·1 answer
  • Which are the four longest standing departments in the federal bureaucracy?
    14·1 answer
  • 20 POINTS<br> What are the six ethical values AMA identifies for all marketing professionals?
    15·1 answer
  • When would you include an executive summary in a report?
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!