Sheridan Corp. had total variable costs of $224,200, total fixed costs of $143,500, and total revenues of $380,000. Compute the required sales in dollars to break even.

Answers

Answer 1

Answer:

$350,000

Explanation:

Computation for the required sales in dollars to break even.

First step is to calculate the Contribution margin

Revenues $380,000

less Variable costs $224,200

Contribution margin $155,800

Contribution margin ratio = 155,800 / 380,000= 41%

Break even sales in dollars = Total fixed costs / CM Ratio = $143,500/ 41% = $350,000

Therefore the required sales in dollars to break

even is $350,000


Related Questions

how do i make spaghetti?

Answers

boil noodles. add sauce. make meat balls. add it together. yummy.

In a study on coffee consumption and essay writing, the group that is given coffee before writing essays is the ______ group.

Answers

Answer: The group to which coffee is given is called the Experimental group.

Explanation:

The group that is being exposed to the coffee before the easy writing is called experiment group.It is also called as treatment group.  This is the group which will taste coffee( receive the treatment) and write and essay on it.

They are the ones who is going to taste it and write an essay about its taste ,effect on the body or whatever the essay writing is about.

Later, this group will be compared to the other groups participating in the study.

Assuming no change in the nominal wage and a significant increase in human capital, the output per worker will

Answers

Answer:

B. Increase and the real wage will increase.

Explanation:

In the case when there is a rise in population so the labor supply also rises and the equilibrium labor quantity would also rise

So it would result in rise in capital market due to which the labor would become more productive and there is a rise in the labor demand

This leads to greater real wages rate and rise in full labor quantity employment

Hence, the option b is correct

When reviewing a Profit and Loss report in QuickBooks Online, which report option will quickly show a client income and expenses incurred over the past two years? > Collapse / expand Compare another period > Year-to-date (YTD) Compare another period > Previous year (PY) Group by O Sort ​

Answers

Answer: Compare another period > Previous year (PY)

Explanation:

QuickBooks Online is an accounting service provided to small and medium businesses to help them with their accounting needs even with the most rudimentary of knowledge.

Should you want to view a client's income and expenses over the past two years, use the compare another period and then the Previous year option. The income and expenses will be shown for the current year and the last one making it 2 years.

Consider an incentive system that simply rewards production output. How can this system hurt an organization with a distinct bottleneck operation? What part of the organization will be hurt the most?

Answers

Answer:

The department with the bottleneck output will suffer the most.

Explanation:

A bottleneck operation is a point in the organization where everything is filtered, for example in the textile industry, it is usually where the clothes are branded, meaning the tags are sewed or printed into the clothing, and no matter how hard the other departments work, that bottleneck part of the operation can only do so much, so when you reward output for other departments instead of efficiency or searching for other parameters the only thing you'll end up with is a bottleneck department filled up with work to do and no real change in your final production output.

What is the square root of 7

Answers

Answer:

2.64575131106

Explanation:

the square root of 7 is 2.64575131106

Answer:

Square root of 7= 2.64575131106 :)

Explanation:

Beatrice Markets is expecting a period of intense growth and has decided to retain more of its earnings to help finance that growth. As a result, it is going to reduce its annual dividend by 30 percent a year for the next 2 years. After that, it will maintain a constant dividend of $2.50 a share. Last year, the company paid $3.60 as the annual dividend per share. What is the market value of this stock if the required rate of return is 14.5 percent?

Answers

Answer: $16.69

Explanation:

Using the Dividend growth model, the value is:

= [Dividend 1/ (1 + required return)] + [Dividend 2/ (1 + required return)²] + [Terminal value / (1 + required return)²]

Terminal value = Dividend after 2 years / (required return - growth)

= 2.50/ (14.5% + 0%)

= $17.24

Dividend 1 = 3.60 * ( 1 -30%)                                Dividend 2 = 2.52 * ( 1 -30%)

= $2.52                                                                                     = $1.76

Market value = (2.52 / 1.145) + (1.76 / 1.145²) + (17.24/1.145²)

= $16.69

Using the information below, compute the cash conversion cycle:_______.
Days’ sales in accounts receivable 35 days
Days’ sales in inventory 52 days
Days’ payable outstanding 45 days
a. 51 days.
b. 12 days.
c. 47 days.
d. 42 days.
e. 87 days.

Answers

Answer:

42 days

Explanation:

Days sales in account receivable is 35 days.

Day sales in inventory is 52 days

Days payable outs anding is 45 days

Therefore the cash conversion cycle can be calculated as follows

= 35 days+ 52days-45days

= 87 days-45 days.

= 42 days

WHO IS THE FATHER OF ACCOUNTANCY ?​

Answers

Answer:

Luca Pacioli

Explanation:

Luca  Pacioli  a European accountant is known as The Father of accountancy.

Luca Pacioli  introduced the use of journals and ledgers in accounting systems.

His work in accounting was appreciated worldwide. His first book was based on double- entry accounting. He has introduced the concept of Dual Aspects  which has paved the way for the double-entry system .

How did business and government use the concept of personal liberty to attack unions and the freedoms of American labor

Answers

Answer:

they believed collective bargaining infringed on the liberties of management and argued that prosperity depended on complete freedom for business

Explanation:

that's it

The following data was collected from the manufacturing of an auto component. It represents the diameter (in mm) of that component. What is the UCL for a control chart using this data (z=3)? show working please
Sample Obs 1 Obs 2 Obs 3 Obs 4
1 10 12 12 14
2 12 11 13 16
3 11 13 14 14
4 11 10 7 8
5 13 12 14 13

Answers

Answer:

UCL = 14.624

Explanation:

Data Given:

z= 3

And beside the value of z, we are given:

Number of samples = 5

And observations.

First of all, we have to calculate the mean of all the samples.

Sample 1 Mean = [tex]\frac{10+12+12+14}{4}[/tex] = 12

Sample 2 Mean = [tex]\frac{12+11+13+16}{4}[/tex]  = 13

Sample 3 Mean = [tex]\frac{11+13+14+14}{4}[/tex] = 13

Sample 4 Mean = [tex]\frac{11+10+7+8}{4}[/tex] = 9

Sample 5 Mean = [tex]\frac{13+12+14+13}{4}[/tex] = 13

Now, add all the means and find out the mean of the sample size.

Mean of the sample size = [tex]\frac{12+13+9+13+13}{5}[/tex] = [tex]\frac{60}{5}[/tex] = 12

Secondly, we have to find out the maximum and minimum of the observations in each sample.

Sample 1 (max, min) = (14,10)

Sample 2 (max, min) = (16,11)

Sample 3 (max, min) = (14,11)

Sample 4 (max, min) = (11,7)

Sample 5 (max, min) = (14,12)

Thirdly, we need to calculate the Range of each sample.

Range = Max - Min

Range 1 = 14-10 = 4

Range 2 = 16-11 = 5

Range 3 = 14-11 = 3

Range 4 = 11-7 = 4

Range 5 = 14-12 = 2

ΣRange = 18

Now, sum all the ranges and divide it by the number of samples n.

(Range-bar) = ΣRange/n

Range-bar = 18/5

Range-bar = 3.6

Now, we need value of A2 for the sample size of 4. So, it can find out from the table of control chart constants which is attached for your reference.

A2 = 0.729

Now, we have all the data required to calculate the UCL.

UCL = (Mean of the sample size) + (A2 * Range-bar)

UCL = (5) + (0.729x 3.6)

UCL = 14.624

Short-term notes payable: Rarely involve interest charges. Are a conditional promise to pay. Can be issued in return for money borrowed from a bank. Are not negotiable. Cannot replace an account payable.

Answers

Answer:  Can be issued in return for money borrowed from a bank.

Explanation:

Short term notes payable are liabilities issued by a company indicating that they have an obligation to pay a certain amount (including interest) within the a year which makes it a current liability.

It can be issued in lieu of money borrowed from a bank as well as an accounts payable.

1. What are the four components of the output expenditure model? Explain each of the four in your own words.

Answers

Answer:

The four components of gross domestic product are personal consumption, business investment, government spending, and net exports. 1  That tells you what a country is good at producing. GDP is the country's total economic output for each year. It's equivalent to what is being spent in that economy.

Explanation:

Which of the following statement best describes about quantitative research method.
Quantitative research is aimed at understandings the rich, complex and idiosyncratic nature of human phenomenon.
Quantitative research relies on the researcher being a ‘human as an instrument’ both to gather and to analyse the information.
Quantitative research relies on the ability of the researcher to measure the phenomenon under investigation and the use of statistics to analyse the raw data.
Quantitative research is aimed at generating the hidden tacit knowledge of the respondents.​

Answers

I think it’s the third one - ....to measure the the phenomenon....

Read this excerpt from "President Kennedy's Speech at Rice University."

It is for these reasons that I regard the decision last year to shift our efforts in space from low to high gear as among the most important decisions that will be made during my incumbency in the office of the Presidency.

What does incumbency mean as it is used in this excerpt?


experiment

short visitation

time of service

dominance

Answers

Answer:

its the  third one

Explanation:

Time of service: incumbency means as it is used in this excerpt. Thus, option C is the correct option.

What is the message of Kennedy's address at Rice University?

Kennedy spoke at Rice University to encourage people to support NASA's moon program. Kennedy pledged to send an American astronaut to the moon before the end of the 1960s in what became known as his "We Choose the Moon" address.

In conclusion, we must undertake this endeavor in order to answer these riddles, solve them for the welfare of all mankind, and become the world's premier spacefaring country in order to maintain our leadership in research and industry, our aspirations for peace and security, and our commitments to both ourselves and others.

Beyond those assembled in front of him, his audience included people from all across the world. He prepared for this occasion with the intention of inspiring the country as well as communicating the difficulties of the Cold War and his wish for peace in the nuclear era to other countries. He also wished to keep it short.

Learn more about Kennedy's address at Rice University here:

https://brainly.com/question/27981209

#SPJ3

The United States has maintained a trade embargo against Cuba since February 1962 in response to actions taken by the Cuban government. The primary idea behind an embargo of this nature is to punish to Cuban government by restricting trade with a large economy such as that of the United States, but embargos tend to have other repercussions as well. What I'd like you to do, in 400-600 words, is explain what some of these repercussions have been, who they have impacted, and briefly explain whether or not you feel that the embargo is beneficial in the year 2020.

Answers

Answer:

In 1962, during the government of J.F. Kennedy, the United States imposed a trade embargo against Cuba, by means of which American companies and individuals were prohibited from trading or investing (even traveling) to Cuba, in retaliation for the actions carried out by the government of Fidel Castro, that he had expropriated assets of American companies and individuals on the island, in addition to aligning himself politically with the Soviet Union and threatening the national security of the United States.

This embargo has prevented Cuba from accessing a large series of goods and services that were provided directly by American companies, or with American components by companies from other nations. This has led to a serious shortage of the Cuban domestic market, causing an economic and social crisis in the Caribbean nation.

However, on the political level, this embargo has not achieved its objective of weakening the Cuban dictatorial government, but rather allows it an excuse to justify the failure to fulfill its objectives.

In which scenario do most homeowners use the equity in their home?

to pay off student loans

when they have children

when they sell it to buy a new one

when they're threatened with foreclosure

Answers

Answer: to pay off loans

Corporate philanthropy: Group of answer choices is defined by none of the above is not a way that many companies today express their social responsibilities can be either a cash or a noncash donation is defined as the corporation's responsibility to satisfy the needs of its investors is the practice of limiting investments to companies that behave in accordance with the investors' code of ethics

Answers

Answer:

None of the above.

Explanation:

Philanthropy, whose initial meaning is "love for humanity", is the practice through which the private sectors allocate part of their economic funds to charity or the performance of public works, through foundations or charitable funds that finance works that meet the needs of society or a sector of it. In this context, corporate philanthropy is the exercise of this type of activity by business or corporate groups, which use part of their earnings for the development of charities or public works.

Which of the following is likely to INCREASE your monthly payment?

Increasing the size of your down payment
Qualifying for a lower APR
Decreasing the number of months in your term

Answers

Answer: the anwser is c

Explanation:

the decreasing the number of months is what shows you the payment issue

Atlantic Fisheries has an EBIT of $3,280, depreciation of $1,850, cost of goods sold of $6,920, dividends paid of $750, interest expense of $860, and sales of $6,500. What is the taxable income

Answers

Answer: $2420

Explanation:

The following can be deduced from the question:

EBIT = $3,280

Depreciation = $1,850

Cost of goods sold = $6,920

Dividends = $750

Interest expense = $860,

Taxable Income will be calculated as:

= EBIT - Interest Expense

= $3280 - $860

= $ 2420

Charlie wants to register a name for his company. He wants a name that is specific to the company and makes the company easily identifiable. Which category would Charlie use to register his company?
A.
Keep Business As
B.
Doing Business As
C.
Name Business As
D.
Launch Business As

Answers

Answer:

The name of the company isLaunch Business As

Answer:

Name Business As

Explanation:

Plato

A corporation has annual sales of $20 million, total assets of $6 million, a debt ratio of 60%, depreciation expenses of $100,000, and a tax rate of 40%. The corporation's total stockholders' equity is equal to: Group of answer choices $2,800,000 $1,800,000 $2,400,000 $5,600,000

Answers

Answer:

$2,400,000

Explanation:

Calculation for what The corporation's total stockholders' equity is equal to

Total stockholders' equity=$6million -(.60 * $6million)

Total stockholders' equity = $6million - 3.6 million

Total stockholders' equity = $2.4million

Therefore The corporation's total stockholders' equity is equal to $2,400,000

The 90 days have now passed, and it is obvious to many policymakers that a recession exists because consumers are spending less. As a result of these data, the government passes a law that creates an office that will give everyone $3,000 they must spend. This office will take 9 months to create and for hiring the necessary personnel. How would the economy change in this second time period, where the data now have convinced all the policymakers that a recession exists and where the government passed a law to start expansionary fiscal policies, but the money hasn't been distributed yet

Answers

Answer:

In this second time period, people would have more positive expectations about their personal economy, and the overall economy, because they would expect the stimulus check of $3,000 to reach their accounts very soon.

This would make people a bit less cautious with their spending, despite the economic recession. Some people would even use a larger proportion of their regular salary to either pay outstanding debt, or to acquire more expensive consumer goods or assets, because they would set aside the $3,000 for daily expenses.

Which of the following describes a saturated market?
A. The prices of competitors are very high.
B. Many people want this product and haven't purchased it yet.
C. Most potential buyers have not heard of the product and don't know it exists.
D. Most potential buyers already have a product that satisfies this need or want.

will give brainliest

Answers

Answer:

D. Most potential buyers already have a product that satisfies this need or want.

Explanation:

A saturated market is one that is not creating additional demand for a product. It means demand for a particular product has reached its optimal level. In a saturated market, the sales growth of a product stagnates.  All potential buyers have a product they are happy to consume. New entrants will have a challenge penetrating a saturated market.

Answer:

D. Most potential buyers already have a product that satisfies this need or want.

Explanation:

10 POINTS HELP HELP HELP

Answers

thank you for the points man ;)

Consider Pacific Energy Company and U.S. Bluechips, Inc., both of which reported earnings of $966,000. Without new projects, both firms will continue to generate earnings of $966,000 in perpetuity. Assume that all earnings are paid as dividends and that both firms require a return of 12 percent.
a.
What is the current PE ratio for each company?
b.
Pacific Energy Company has a new project that will generate additional earnings of $116,000 each year in perpetuity. Calculate the new PE ratio of the company.
c.
U.S. Bluechips has a new project that will increase earnings by $216,000 in perpetuity. Calculate the new PE ratio of the firm

Answers

Answer:

a. 8.333

b. 9.334

c. 10.196

Explanation:

a. To find price = earnings

                                 R

                price = 966,000

                                .12

                price = $8,050,000

   P/E ratio =    price  

                      earnings

   P/E ratio = 8,050,000

                      966,000

   P/E ratio = 8.3333

b. Price = new earnings + current earnings

                                     R

   Price = 116,000 + 966,000

                         .12

   Price = 9,016,666.6666

   P/E ratio =      New Price      

                       initial earnings

   P/E ratio = 9,016,666.6666

                          966,000

   P/E ratio = 9.334

c. Price = new earnings + current earnings

                                     R

   Price = 216,000 + 966,000

                           .12

   Price = 9,850,000

   P/E ratio =     New Price    

                       initial earnings

   P/E ratio = 9,850,000

                       966,000

   P/E ratio = 10.196

               

Which group contains only liabilities? Select one: a. Bank overdraft, trade payables, unpaid wages b. Trade payables, cash at bank, unpaid rates c. Trade payables, inventory, unpaid wages d. Bank loan, trade payables, prepaid rent

Answers

Group A contains only liabilities.

An enterprise having a bank overdraft means they owe money to the bank.

An enterprise having trade payables means they owe money to a supplier or vendor.

An enterprise having unpaid wages means they owe money to their staff.

What are the portfolio weights for a portfolio that has 145 shares of Stock A that sell for $45 per share and 110 shares of Stock B that sell for $27 per share

Answers

Answer:

Portfolio weight A = 0.6872

Portfolio weight B = 0.3128

Explanation:

Calculation for What are the portfolio weights

First step is to calculate the Top Value

Top Value = 145(45) + 110(27)

Top Value = 9495

Calculation for Portfolio weight A

Portfolio weight A = 145(45)/9495

Portfolio weight A = 0.6872

Calculation for Portfolio weight B

Portfolio weight B = 110(27)/9495

Portfolio weight B = 0.3128

Therefore the portfolio weights are :

Portfolio weight A = 0.6872

Portfolio weight B = 0.3128

Why should a global marketing manager consult local attorneys in other countries before creating a marketing campaign abroad?

Answers

Because it could be against the law and they can help you with marketing

Compute the direct material costs for the year.B.Compute the indirect labor costs for the year.C.Compute the total factory overhead costs for the year.D.Compute the cost of goods manufactured for the year.E.Compute the cost of goods sold for the year.F.Compute the gross profit for the year.

Answers

Answer:

Hi, your question is incomplete, I tried to look for it online but i could not find it.

Here are some explanations on ways to calculate the required amounts.

Part A

Direct Material Cost

This is a component used in manufacturing a product and is found in the manufacturing account.

To calculate the Direct Material costs, we deduct the Ending Material Inventory amount from the Total of Beginning Material Inventory and Material Purchases made during the period

Part B

Indirect Labor Cost

This is also a component found in the manufacturing Account.

Indirect labor costs are calculated by deducting the direct labor costs from the total labor costs incurred during the manufacturing period.

Part C

Total Overheads Costs

This is also a component found in the manufacturing Account.

Overheads are manufacturing expenses that can not be directly traced to the product being produced. Examples are electricity, water and factory rent. So add up these expenses to arrive at the amount overheads.

Part D

Costs of Goods Manufactured

This is an amount reported in the manufacturing account.

To calculate the cost of goods manufactured we add the Opening Work In Process Inventory to the Total Manufacturing Costs incurred during the period then deduct the Ending Work In Process Balance.

Part E

Cost of Goods Sold

This is an amount reported in the Trading account for profit determination.

To calculate the Cost of Goods Sold, we add the Beginning Finished Inventory Balance to the amount of Cost of Goods Manufactured then deduct the Ending Balance in Finished Inventory.

Part F

Gross Profit

This is an amount reported in the Trading account for profit determination.

To calculate the Gross Profit , we deduct the Cost of Goods Sold from the Total Sales made during the Trading period.

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