Break-Even and Target Profits;volume Defined in Sales Dollars

question 20

Essay

Break-even and target profits;volume defined in sales dollars.The manager of Jose's Food Court Express estimates operating costs for the year will total $300,000 for fixed costs.
Required:
a.Find the break-even point in sales dollars with a contribution margin ratio of 40 percent.
b.Find the break-even point in sales dollars with a contribution margin ratio of 25 percent.
c.Find the sales dollars required with a contribution margin ratio of 40 percent to generate a profit of $100,000.
(Jose's Food Court Express;break-even and target profits;volume defined in sales dollars. )

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Definitions:

Direct Opposition

A situation where two forces or ideas are completely against each other, showing no compatibility or agreement.

Autocratic Styles

Leadership approaches characterized by individual control over all decisions and little input from group members.

Perceived

How something is recognized or understood by an individual, based on their own feelings or thoughts.

Sincere

The quality of being free from pretense or deceit, exhibiting genuineness, honesty, and straightforwardness in conduct.