How to get there with the given parts, Accounting Basics

+44 141 628 6080
[email protected]

How to get there with the given parts

The contribution margin ratio is 30% for the Honeyville Company and the break-even point in sales is $150,000. If the company's target net operating income is $60,000, sales would have to be:

A. $200,000
B. $350,000
C. $250,000
D. $210,000

Can someone help explain this problem to me, I have the answer ($350,000) but have no idea how to get there with the given parts.

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: How to get there with the given parts

Reference No:- TGS0677344

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Accounting Basics

Q : How much money should be invested for balance of account

How much money should be invested now at 7% so that the balance of the account after 18 years covers the cost a college education?

Q : What is randolph basis in the distributed investment

Randolph is a 30% partner in the RD Partnership. On January 1, RD distributes $15,000 cash, an investment with a fair value of $20,000 (inside basis of $10,000), and a parcel of land with a fair value of $10,000.

Q : Prepare a direct materials purchases budget by month

Each unit requires 5 pounds of raw materials costing $3 per pound. On December 31, 2013, the ending raw materials inventory was 9,320 pounds.

Q : Describe a situation is which a business sell as much as it

Businesses often feel too busy to plan for the future. A study by Willard & Shullman Group Ltd. found that fewer than 14% of businesses with less than 500 employees do an annual budget or have a written business plan.

Q : How to get there with the given parts

The contribution margin ratio is 30% for the Honeyville Company and the break-even point in sales is $150,000. If the company's target net operating income is $60,000, sales would have to be.

Q : What practical implications follow from emh-stock investors

It is claimed that in an "efficient market" all investments are "zero NPV investments." Explain what this statement means. What practical implications follow from the EMH, for stock investors?

Q : Calculating the value of total assets

Determine Nike"s accounting equation by calculating the value of total assets, total liabilities, and total stockholders" equity.

Q : What portion of the value would be assigned

A company had common stock with a total par value of $18,000,000 and fair value of $62,000,000; and 7% preferred stock with a total par value of $6,000,000 and a fair value of $8,000,000. The book value of the company was $85,000,000.

Q : Management desires to maintain a minimum cash

The company expects to sell about 10% of its merchandise for cash. Of sales on account, 70% are expected to be collected in full in the month following the sale and the remainder the following month.

1925411

Questions
Asked

3,689

Active Tutors

1414075

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: How to get there with the given parts

Reference No:- TGS0677344

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : How much money should be invested for balance of account

Q : What is randolph basis in the distributed investment

Q : Prepare a direct materials purchases budget by month

Q : Describe a situation is which a business sell as much as it

Q : How to get there with the given parts

Q : What practical implications follow from emh-stock investors

Q : Calculating the value of total assets

Q : What portion of the value would be assigned

Q : Management desires to maintain a minimum cash

Discuss social worker working with foster children

Problem on journal articles and non-journal materials

Identify a specific theory of cognitive or moral development

Identify one antecedent, one behaviour, and one consequence

How do you define being an adult

How we perceive objects in the real world

Is early food experiences can impact development

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: How to get there with the given parts

Reference No:- TGS0677344

Recent Questions Asked Accounting Basics

Q : How much money should be invested for balance of account

Q : What is randolph basis in the distributed investment

Q : Prepare a direct materials purchases budget by month

Q : Describe a situation is which a business sell as much as it

Q : How to get there with the given parts

Q : What practical implications follow from emh-stock investors

Q : Calculating the value of total assets

Q : What portion of the value would be assigned

Q : Management desires to maintain a minimum cash

Asked Questions