Assume Strands, a local hair salon, provides cuts, perms, and hairstyling services. Annual fixed costs are $150,000, and variable costs are 40 percent of sales revenue. Last year's revenues totaled $300,000. (a) Determine its break-even point in sales dollars.
$Answer 375,000 wrong
(b) Determine last year's margin of safety in sales dollars.
$Answer 75,000 wrong
(c) Determine the sales volume required for an annual profit of $80,000.
Round your answer to the nearest dollar.
$Answer 316,667 wrong
Multiple Product Planning with Taxes
In the year 2017, Pyramid Consulting had the following contribution income statement:
PYRAMID CONSULTING
Contribution Income Statement
For the Year 2017
Sales revenue $ 1,300,000
Variable costs
Cost of services $ 420,000
Selling and administrative 200,000 (620,000)
Contribution margin 680,000
Fixed Costs -selling and administrative (285,000)
Before-tax profit 395,000
Income taxes (36%) (142,200)
After-tax profit $ 252,800
D) What is the break-even point in sales revenue if management makes a decision that increases fixed costs by $57,000?
Use rounded contribution margin ratio (2 decimal places) for your calculation.
$ 657,692 wrong

Balance sheet baggett company's balance sheet accounts and amounts as of december 31, 2016, are shown in random order as follows: account debit (credit) account debit (credit) income taxes payable $(3,800) additional paid-in capital on preferred prepaid items 1,800 stock $(7,900) additional paid-in capital on common stock (9,300) allowance for doubtful accounts (1,600) land 12,200 bonds payable (due 2020) (23,000) notes payable (due 2019) (6,000) buildings 57,400 notes receivable (due 2018) 16,400 sinking fund to retire bonds payable 5,000 accounts receivable 12,600 advances from customers (long-term) (2,600) premium on bonds payable (1,400) cash 4,300 accounts payable (13,100) accumulated depreciation: equipment (9,700) inventory 7,400 retained earnings (18,300) accumulated depreciation: buildings (21,000) preferred stock, $100 par (18,600) patents (net) 4,600 wages payable (1,400) equipment 28,700 common stock, $10 par (12,700) required: 1. prepare a december 31, 2016 balance sheet for the baggett. baggett company balance sheet december 31, 2016 assets current assets: $ $ $ long-term investments: $ property, plant, and equipment: $ $ $ intangible assets: liabilities current liabilities: $ $ long-term liabilities: $ $ other liabilities: shareholders' equity contributed capital: $ $ $ $ 2. compute the debt-to-assets ratio. round to one decimal place. do not enter a percent sign (%) as part of your answer. %

Salt corporation's contribution margin ratio is 78% and its fixed monthly expenses are $30,000. assume that the company's sales for may are expected to be $89,000. required: estimate the company's net operating income for may, assuming that the fixed monthly expenses do not change.

You are purchasing a bond that currently sold for $985.63. it has the time-to-maturity of 10 years and a coupon rate of 6%, paid semi-annually. the bond can be called for $1,020 in 3 years. what is the yield to maturity of this bond?