Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. akron corporation had a margin of safety of $552,0

Akron Corporation had a margin of safety of $552,000 last month, with sales revenue of...

90.2K

Verified Solution

Question

Accounting

Akron Corporation had a margin of safety of $552,000 last month, with sales revenue of $1,840,000 and fixed costs of $193,200.
Required:
a. What are break-even sales?
b. What is the contribution margin ratio?
c. How much profit did Akron eam last month?
d. How much would sales have to be for Akron to earn a profit of $552,000?
Complete this question by entering your answers in the tabs below.
Required A
Required B
Required C
Required D
What are break-even sales?
Break-Even Sale
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Advance Math
1.2K views

For this Variation of parameter problem, consider the following method of solving the general linear equation...

Civil Engineering
1.2K views

write the importance of initial setting time of cement in various operation of making cement mortar...

Psychology
1.2K views

What do the terms \"diversity\" and \"health disparities\" mean to you? How are the two terms...

Physics
1.2K views

An open organ pipe of radius 1 cm is vibrating in it s 1 overtone...

Physics
1.2K views

Another liquid II which II does not mix with I is poured into one side...

Geometry
1.2K views

In 1 Identify the following angle pairs as Corresponding Angles Alternate Interior Angles Same Side...

Basic Math
1.2K views

Would you prefer to take a long difficult essay test or a quick easier multiple...

Calculus
1.2K views

Find dy/dx by implicit differentiation.x+ 2y + y = 5x

Accounting
1.2K views

calculate the Direct Labor Cost Standard per hour: Basic wages of the assembly line personnel...

Accounting
1.2K views

QuickBooks Online Graded Assignment (Practical) Green Tree Landscapes Chapter 1 Exercises ...

Accounting
1.2K views

QUESTION 8 "Imperfect Information" means that one of the parties in a transaction has less...

Accounting
1.2K views

Foto Company makes 13,000 units per year of a part it uses in the products...