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KiRa [710]
3 years ago
13

Use the contribution margin ratio approach to compute the number of shows needed each year to earn a profit of $ 5 comma 687 com

ma 500. Is this profit goal​ realistic? Give your reasoning. Begin by showing the formula and then entering the amounts to calculate the required sales dollars to earn a profit of $ 5 comma 687 comma 500. ​(Round the required sales in dollars to the nearest whole dollar. Round amounts in the formula to two decimal​ places, XX.XX. Abbreviation​ used: CM​ = contribution​ margin.)
Business
1 answer:
leonid [27]3 years ago
4 0

Answer:

Instructions are listed below

Explanation:

To calculate the number of shows to achieve a certain amount of profit you need to use the following formula:

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

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

contribution margin ratio= (price - unitary variable costs)/price

For the number of shows, divide the Break-even point (dollars) by the selling price

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During the month of February, Rubio Services had cash receipts of $7,900 and cash disbursements of $9,400. The February 28 cash
Nana76 [90]

Answer:

The begining cash balance = $4100

Explanation:

Given:

Cash receipts = $7900, Cash disbursements = $ 9400, Ending cash balance = $2600.

<u>To find out the cash balance at the begining of the month, the following is to be used </u>

Begining Cash balance = Ending cash balance + cash disbursements - cash receipts

Putting the given figures in this we get,

Begining Cash balance = $2600 + $9400 - $7900

                                      = $4100

7 0
3 years ago
In basing a credit decision on the applicant's income, the credit extender must consider alimony, child support, and maintenance
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3 years ago
3F − is bigger than F because
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Answer:

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Explanation:

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3 years ago
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Answer:

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8 0
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Answer:

Suzi

Explanation:

Comparative advantage is the relative edge that a person has over another in the production of a product. They use less resources to produce the product than others.

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3 years ago
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