Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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answer héeds to only include the numbers, i.e no $ sign or decimal point or a period should be used in the answer.
Also the answer may need to be rounded to the next whole number. For example, if you get an answer of $1234.5, YOU WILL PUT
DOWN 1235 IN YOUR ANSWER.
Natural company sells an industrial cleaning product that sell for $180 for a case containing 12 one gallon jugs of the product. The company expects to
sell 7000 cases of the product in the current year. The company has determined that its CM ratio is 30% and its fixed expenses are $270000.
Required:
1. What are the variable expenses per case?
2. What is the break-even point in units?
3. What amount of dollar sales is required to attain a target profit of $90000?
4. At the expected level of sales of 7000 units, what is the margin of safety in units?
A Moving to another guestion will save thic n
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Transcribed Image Text:answer héeds to only include the numbers, i.e no $ sign or decimal point or a period should be used in the answer. Also the answer may need to be rounded to the next whole number. For example, if you get an answer of $1234.5, YOU WILL PUT DOWN 1235 IN YOUR ANSWER. Natural company sells an industrial cleaning product that sell for $180 for a case containing 12 one gallon jugs of the product. The company expects to sell 7000 cases of the product in the current year. The company has determined that its CM ratio is 30% and its fixed expenses are $270000. Required: 1. What are the variable expenses per case? 2. What is the break-even point in units? 3. What amount of dollar sales is required to attain a target profit of $90000? 4. At the expected level of sales of 7000 units, what is the margin of safety in units? A Moving to another guestion will save thic n
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