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Author Question: Colorado Furniture Company manufactures naturally weathered reclaimed wood furniture. A queen-size ... (Read 20 times)

jrobl3

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Question 1

The contribution margin ratio for Stanley Company is 25%. The break-even point is $200,000. If Stanley wishes to have operating income of $60,000, how much must the company have in sales?

Question 2

Colorado Furniture Company manufactures naturally weathered reclaimed wood furniture. A queen-size bed sells for $1,800 and variable costs total $1,080. Colorado incurs $300,000 in fixed costs during the year. The company's tax rate is 20%.

Required:

How many queen-size beds must Colorado sell to generate net income of $300,000?


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Marked as best answer by jrobl3 on Feb 5, 2023

nikspatel037

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jrobl3

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Reply 2 on: Feb 5, 2023
Wow, this really help


anyusername12131

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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