Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. please see the following results from year 8: rev

Please see the following results from Year 8: Revenues: $75MM Cost of Goods...

80.2K

Verified Solution

Question

Accounting

Please see the following results from Year 8:

Revenues: $75MM

Cost of Goods Sold: $37MM

Fixed Expenses: ?

Net Contribution: -$25MM

If we are projecting a Net Contribution of $5MM for year 9, Revenue has a forecast growth of 20% and the Cost of Goods Sold are estimated at $40MM, please tell me the projected Fixed Expense for Year 9?

a) $63 MM

b) $45 MM

c) $6 MM

d) $40 MM

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

Chemistry
1.2K views

Suppose 53.96g of COBr2 is placed in a 2.000L flask and heated to 73.0degrees C. Calculate...

Physics
1.2K views

Briefly discuss: (i) The operational principals and the main characteristics of photomultiplier tubes (PM). Why does...

Accounting
1.2K views

Your employer has chosen to expand operations into Italy. Research tax compliance issues in Italy. Identify and...

Geometry
1.2K views

10 Sample image background with overlaid text fields 13 e M 10r 45 R r...

Basic Math
1.2K views

Given the functions below, find the domain of (f.g)(x).f(x) = -4/-x+4 g(x) = -8/-2x-6Select the...

Basic Math
1.2K views

Solve the equation x + 9x - 30 using the Quadratic Formula.Give your answers as...

Accounting
1.2K views

United Resources Company obtained a charter from the state in January of...

Accounting
1.2K views

Four grams of musk oil are required for each bottle of Mink Caress, a...

Accounting
1.2K views

I need help doing the ratios and what the ratios mean Q Search...

Accounting
1.2K views

The following lots of Commodity Z were available for sale during the year. Beginning...

Accounting
1.2K views

Timpco, a retailer, makes both cash and credit sales (i.e., sales on open account). Information...

Finance
1.2K views

Urgent pls. Need all answers Financial Statement Analysis You are the personal investment advisor of...