In the month of March, Style Salon services 550 clients at an average price of $180. During the month, fixed costs were $25,866 and variable costs were 70% of sales. (a) Determine the contribution margin in dollars, per unit, and as a ratio.

Contribution margin

$

Contribution margin per unit

$

Contribution margin ratio

%

(b) Using the contribution margin technique, compute the break-even point in dollars and in units.

Break-even sales

$

Break-even sales

units

Corey is trying to save money to buy a new tv. he invests $800 into an account paying 6.5% simple interest. for how long must he save if the tv costs $950? a. 2 years b. 3 years c. 4 years d. 5 years

The gomez company, a merchandising firm, has budgeted its activity for december according to the following information: • sales at $500,000, all for cash. • merchandise inventory on november 30 was $250,000. • the cash balance at december 1 was $20,000. • selling and administrative expenses are budgeted at $50,000 for december and are paid for in cash. • budgeted depreciation for december is $30,000. • the planned merchandise inventory on december 31 is $260,000. • the cost of goods sold represents 75% of the selling price. • all purchases are paid for in cash. the budgeted cash disbursements for december are:

Double corporation acquired all of the common stock of simple company for