Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. gemma corporation sells a single product for $40 p

Gemma Corporation sells a single product for $40 per unit. Last year, the company's sales...

60.1K

Verified Solution

Question

Accounting

Gemma Corporation sells a single product for $40 per unit. Last year, the company's sales revenue was $2,950,000 and its net operating income was $1,000,000. If fixed expenses totaled $770,000 for the year, the break-even point in sales dollars was:

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

Biology
1.2K views

Discuss the relationship between Homo sapiens, Homo neanderthalensis, Homo heidelbergensis, Homo floresiensis and Denisovan hominid.

Finance
1.2K views

Q2. Company B earned $20 million before interest and taxes on revenues of $60 million last year....

Civil Engineering
1.2K views

A 100 ft steel tape of cross-sectional area 0.0025 in2, weight 2.0 lb, and standardized at...

Finance
1.2K views

Use the following tables to complete the critical thinking assignment. Best Buy Co., Inc. Income Statement 2/3/2018 1/28/2017 1/30/2016 1/31/2015 Revenue Total Revenue 42,151,000 39,403,000 39,528,000 40,339,000 Cost of...

Basic Math
1.2K views

Write the first five terms of the geometric sequence.an = -6a(n-1), a? = 12

Algebra
1.2K views

Let s review percent increase and decrease Try to perform each of the following calculations...

Algebra
1.2K views

Schools 7 Which of the following could be an equation for the graph below Select...

Accounting
1.2K views

How can green processes yield a good reputation for a firm? Give some...

Accounting
1.2K views

1. Las utilidades retenidas representan: a) Los beneficios de la empresa. B) Las...

Accounting
1.2K views

QS C-15 Transacciones por mtodo de participacin LO P5 Rowan Co. compra 100 acciones...

Accounting
1.2K views

When forecasting, why would we want to use the AFN (Additional Funds Needed) equation with...

Finance
1.2K views

1) Canada has the following exchange rates with other countries. 1 CAD = .79 U.S...