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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Discuss and compare the group summations and consolidation tools used with Excel. You may need to...

Advance Math
Q

Evaluate the following using powers of ten rules.8993.210X

Biology
Q

Four circuits are shown below All the batteries have the same voltage Vand all resistors...

Physics
Q

Charge Q flowing through a resistance R varies with time t as Q at bt...

Physics
Q

VE bo x Solve the equation 13x 11 10 Show yo Round to one decimal...

Calculus
Q

Shortest Route Algorithm Alan is writing out the steps using the Shortest Route Algorithm On...

Algebra
Q

Pie Corporation acquired 75 percent of Slice Companys ownership on January 1, 20X8, for $93,000....

Accounting
Q

darden company has cash of $31,000, accounts receivable of $41,000, inventory of $21,500, and equipment...

Accounting
Q

Speedtown Marina needs to raise $1.2 million to expand the company. Speedtown Marina is considering...

Accounting
Q

Ethical Dilemma - Chapter 9- Timing of bond re-purchases to meet earning expectations.. Please...

Accounting
Q

Calculating the debt-to-income ratio on monthly payments for qualified mortgages must be based on the...

Accounting
Q

What are the characteristics of growth stocks? ...

Finance