Last year Easton Corporation reported sales of $750,000, a contribution margin ratio of 40% and a net loss of $27,000. Based on this information, the break-even point was: Multiple Choice $885,000 $817,500 $682,500 $777,000
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Last year Easton Corporation reported sales of $750,000, a contribution margin ratio of 40% and a net loss of $27,000. Based on this information, the break-even point was:
Multiple Choice
$885,000
$817,500
$682,500
$777,000
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- Last year Easton Corporation reported sales of $890,000, a contribution margin ratio of 40% and a net loss of $41,000. Based on this information, the break-even point was: Multiple Choice $992,500 $931,000 $1,095,000 $787,500Creswell Corporation's fixed monthly expenses are $30,000 and its contribution margin ratio is 63%. Assuming that the fixed monthly expenses do not change, what is the best estimate of the company's net operating income in a month when sales are $92,000? Multiple Choice $4,040 $27,960 $62,000 $57,960Tower Inc.’s break-even point in sales revenue is $675,000. Tower’s variable costs are 75% of its sales revenue. If Tower reports a net operating loss of $32,000, what is Tower’s actual sales revenue? Group of answer choices $547,000 $571,000 $601,000 $643,000
- Last year, a company reported sales of $715.5k, a contribution margin ratio of 39.25% and a net loss of $23.8k. Based on this information, determine the company’s dollar sales to break-even. Note: The term “k” is used to represent thousands (× $1,000).Gayne Corporation's contribution margin ratio is 12% and its fixed monthly expenses are $84,000. If the company's sales for a month are $738,000, what is the best estimate of the company's net operating income? Assume that the fixed monthly expenses do not change. Multiple Choice $4,560 $654,000 $88,560 $565,440Sabv Corporation's break-even-point in sales is $920,000, and its variable expenses are 70% of sales. If the company lost $42,000 last year, sales must have amounted to: Multiple Choice $878,000 $836.000 $780,000 $602.000
- Elway Company provided the following income statement for the last year: Sales $714,390,000 Less: Variable expenses 557,689,000 Contribution margin $156,701,000 Less: Fixed expenses 195,362,000 Operating income $-38,661,000 At the beginning of last year, Elway had $38,657,000 in operating assets. At the end of the year, Elway had $41,360,000 in operating assets. Required: 1. Compute average operating assets.$fill in the blank 1 2. Compute the margin (as a percent) and turnover ratios for last year. If required, round your answers to two decimal places. Margin fill in the blank 2 % Turnover fill in the blank 3 3. Compute ROI as a percent. Use the part 2 final answers in these calculations and round the final answer to two decimal places.fill in the blank 4 % 4. ROI measures a company’s ability to generate relative to its investment in assets. The greater the ROI, the efficiently the company is generating from its assets. 5. CONCEPTUAL CONNECTION Comment…Tennill Inc. has a $1,400,000 investment opportunity with the following characteristics: Sales $ 4,480,000 Contribution margin ratio 40% of sales Fixed expenses $ 1,657,600 The ROI for this year's investment opportunity considered alone is closest to: Please do not include the % sign in your answer. Round off to one place of decimal.The contribution margin ratio of Mountain Corporation's only product is 52%. The company's monthly fixed expense is $296,400 and the company's monthly target profit is $7,000. The dollar sales to attain that target profit is closest to: Multiple Choice $570,000 $157,768 $583,462
- The income statement for Huerra Company for last year is provided below: Total Unit Sales $ 43,200,000 $ 432.00 Less: Variable expenses 25,920,000 259.20 Contribution margin 17,280,000 172.80 Less: Fixed expense 8,640,000 86.40 Net operating income 8,640,000 86.40 Less: Income taxes @ 30% 2,592,000 25.92 Net income $ 6,048,000 $ 60.48 The company had average operating assets of $18,000,000 during the year. Required: 1. Compute the company’s ROI for the period using the ROI formula stated in terms of margin and turnover. (Round intermediate calculation to 2 decimal places. Enter your percentage answer rounded to 2 decimal places (i.e., 0.1234 should be entered as 12.34).) 2. Consider each of the following questions separately and then compute the new ROI figure. Indicate whether the ROI will increase, decrease, or remain unchanged as a result of the events described. a. By using JIT, the company is able to…Raines Company's sales are $940,000 with operating profits of $168,000. If the contribution margin ratio is 40%, what did the fixed costs amount to? Multiple Choice $408,000. $376,000. $308,000. $208,000Youns Incorporated reported the following results from last year’s operations: Sales $ 10,500,000 Variable expenses 6,610,000 Contribution margin 3,890,000 Fixed expenses 3,260,000 Net operating income $ 630,000 The company’s average operating assets were $5,000,000. At the beginning of this year, the company has a $1,400,000 investment opportunity that involves sales of $2,800,000, fixed expenses of $616,000, and a contribution margin ratio of 30% of sales. If the company pursues the investment opportunity and otherwise performs the same as last year, the combined turnover for the entire company will be closest to: