Casual Fashions had sales of $280,000. Operating expenses were $65,000 and alterations were $400. Planned profit was $28,000 and planned reductions were $2,200. What was the initial markup percent? (
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Casual Fashions had sales of $280,000. Operating expenses were $65,000 and alterations were $400. Planned profit was $28,000 and planned reductions were $2,200. What was the initial markup percent? (
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- The Rachel Company has sales of $450,000, and the break-even point in sales dollars is $292,500. Determine the company's margin of safety as a percent of current sales.fill in the blank 1 %Reliance fresh has planned operating expenses of ₹170,000, a profit goal of₹35,000, and it expects sales of ₹650,000. Compute the initial markup percentage. At the end of the year, it determines that actual operating expenses are ₹160,000, actual profit is ₹105,000 and actual sales are ₹630,000. What is the maintained markup percentage? Explain the difference (if any) in the two answers obtained.The Rachel Company has sales of $820,000, and the break-even point in sales dollars is $672,400. Determine the company's margin of safety as a percent of current sales.
- Last month when Harrison Creations, Inc., sold 40,000 units, total sales were $300,000, total variable expenses were $240,000, and fixed expenses were $45,000. Required: What is the company’s contribution margin (CM) ratio? Estimate the change in the company’s net operating income if it were to increase its total sales by $1,500.Last month when Holiday Creations, Inc., sold 50,000 units, total sales were $200,000, total variable expenses were $120,000, and fixed expenses were $65,000. Required: What is the company’s contribution margin (CM) ratio? Estimate the change in the company’s net operating income if it were to increase its total sales by $1,000.Jonick Company has sales of $740,000, and the break-even point in sales dollars is $547,600. Determine the company's margin of safety as a percent of current sales. Enter your answer as a whole number.fill in the blank 1 %
- The Spector Company has sales of $830,000, and the break-even point in sales dollars is $547,800. Determine the Spector company's margin of safety as a percent of current sales.fill in the blank 1 of 1 %Last year, Ezra Company reported sales of P640,000, a contribution margin of P160,000, and a net loss of P40,000. Based on this information, the break-even point was: P640,000 P480,000 P800,000 P960,000Last month when Holiday Creations, Inc., sold 50,000 units, total sales were $200,000, total variable expenses were $120,000, and fixed expenses were $65,000.1. What is the company’s contribution margin (CM) ratio?2. Estimate the change in the company’s net operating income if it were to increase its total salesby $1,000.
- Jilk Incorporated's contribution margin ratio is 61% and its fixed monthly expenses are $45,500. 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 $133,000?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).Quick Inc. has sales of $36,400,000, and the break-even point in sales dollars is $24,024,000. Determine the company’s margin of safety as a percent of current sales. Enter your answer as a whole number.fill in the blank 1 %