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]
3 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]3 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
tAn employee has a claim on the cash flows of Martin’s Machines. This claim is defined as a claim by one of the firm's:
kap26 [50]

Complete Question:

An employee has a claim on the cash flows of Martin's Machines. This claim is defined as a claim by one of the firm's:

Group of answer choices

A. residual owners.

B. shareholders.

C. financiers.

D. provisional partners.

E. stakeholders.

Answer:

E. stakeholders.

Explanation:

An employee has a claim on the cash flows of Martin's Machines. This claim is defined as a claim by one of the firm's stakeholders.

A stakeholder can be defined as an individual or group of people that has an interest or concern in a business firm and usually either affect or be affected by the business.

Generally, the key stakeholders of business firm are its employees, public groups, suppliers, investors, creditors, consumers or customers. The employees working in an organization are key internal stakeholders because they play a significant role, function and have both financial and time-based investments in the operations of the business.

6 0
3 years ago
Nonuniform Inputs, Equivalent Units Terry Linens Inc. manufactures bed and bath linens. The bath linens department sews terry cl
anyanavicka [17]

Answer:

For Material 80,000

For Conversion 72,000

Explanation:

The computation of equivalent units of production for the bath linens department for August is shown below:-

                                     <u>Materials</u>               <u>Conversion</u>  

Units completed and

transferred out              60,000                   60,000

Units in process,

August 31                      20,000                   12,000

                                                               (20,000 × 60%)

Equivalent units of

production                   80,000                   72,000

Therefore to reach out the equivalent units of production we simply added the units completed and transferred out with Units in process Aug 31 of material and conversion.

4 0
3 years ago
A project manager is preparing two documents for risk management. One contains sources of overall project risk and also summary
vagabundo [1.1K]

Answer: Risk Report

Explanation:

A Risk Report for a project contains all the risk that the project is exposed to. This includes both project risk as well as individual risks related to the components projects in the overall project.

A Risk Report details the risks such as Supplier failure, Inflation, Pending Government Regulations and the like. It then takes these and summarizes them for presentation to those who require this information in the company so that appropriate safeguards may be set up and precautions taken.

This describes the first document and so should be what the Project Manager names it.

8 0
2 years ago
Gracies insurance premiums are $131 per month. This year she also paid a 500 deductible and 20% of 3200 for a minor accident. Ho
olga55 [171]

131 x 12= 1,572

500 + 1,572 + 640 (20% of 3,200)

= 2,712$

4 0
3 years ago
What three ways can music be transmitted?​
denis-greek [22]

Answer:

Oral/aural transmission. To begin with, pieces of music could only be passed orally from one person to the next. ...

Manuscripts. ...

Printing and publishing. ...

Recording.

4 0
3 years ago
Other questions:
  • Which of the following is the most popular framing system used today?
    13·1 answer
  • In financial markets, firms and governments in search of funds to pay for their daily operations would be the:___________.
    12·1 answer
  • Complete the statement with correct word in a recent survey. It was observed that many Asian youths have stated watching America
    15·2 answers
  • Dooling Corporation reported balances in the following accounts for the current year: Beginning EndingInventories $600 $300Accou
    12·1 answer
  • I own a factory which I could lease for $100,000 per year. Instead I use it for my own business making PlayDo figures. I earn $2
    5·1 answer
  • What is the difference between marketing and merchandising? How do each of these concepts fulfill a different function in the bu
    15·2 answers
  • Arabian Beauty Cosmetics borrowed BD 152.300 from the National Bank of Bahrain (NBB) for three years. If the quoted rate (APR) i
    11·1 answer
  • The ___ act requires companies to produce both an internal control report and an external audit.
    14·2 answers
  • a pilot applies for life insurance. the insurer approves the application with a $10 additional monthly premium modification due
    5·1 answer
  • the term deficit is used to refer to a debit balance in which of the following accounts of a corporation? a.treasury stock b.ret
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!