Incorporation papers for small businesses, Accounting Basics

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Incorporation papers for small businesses

Legal Beagals Inc. is a legal services firm that files incorporation papers for small businesses. They charge $1,000 per application. This year's income statement shows the following:

Sales $1,440,000 Variable Expenses $1,008,000 Contribution margin $432,000 Fixed costs $250,000 Profit $182,000.

Required:

(a) Compute the breakeven point in units.

(b) Compute the contribution margin ratio.

(d) How many applications must the company sell to make a profit of $350,000?

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Accounting Basics: Incorporation papers for small businesses

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Accounting Basics: Incorporation papers for small businesses

Reference No:- TGS063529

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Recent Questions Asked Accounting Basics

Q : Compute mri''s amounts for each taxes

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Incorporation papers for small businesses

Reference No:- TGS063529

Recent Questions Asked Accounting Basics

Q : Compute mri''s amounts for each taxes

Q : What are some factors that might affect opportunity cost

Q : Objective of the film society

Q : Neoclassical theory of distribution

Q : Incorporation papers for small businesses

Q : What is randolph''s basis in the distributed inventory

Q : Logic of producing winter clothing

Q : Do data indicate that demand curve is upward sloping

Q : Problem based on first year of business

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