Maurice Tutor

(5)

$15/per page/Negotiable

About Maurice Tutor

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 402 Weeks Ago, 6 Days Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 24 Jul 2017 My Price 7.00

Diversified Investor Group

Diversified Investor Group is opening an office in Boise. Fixed monthly costs are office rent ($8,100), depreciation on office furniture ($1,600), utilities ($2,500), special telephone lines ($1,200), a connection with an online brokerage service ($2,700), and the salary of a financial planner ($4,900). Variable costs include payments to the financial planner (8% of revenue), advertising (14% of revenue), supplies and postage (1% of revenue), and usage fees for the telephone lines and computerized brokerage service (7% of revenue).
Requirements
1. Use the contribution margin ratio CVP formula to compute Diversified’s breakeven revenue in dollars. If the average trade leads to $750 in revenue for Diversified, how many trades must be made to break even? 
2. Use the income statement equation approach to compute the dollar revenues needed to earn a target monthly operating income of $10,500.
3. Graph Diversified’s CVP relationships. Assume that an average trade leads to $750 in revenue for Diversified. Show the breakeven point, the sales revenue line, the fixed cost line, the total cost line, the operating loss area, the operating income area, and the sales in units (trades) and dollars when monthly operating income of $10,500 is earned.
4. Suppose that the average revenue Diversified earns increases to $1,000 per trade. Compute the new breakeven point in trades. How does this affect the breakeven point?

Answers

Maurice Tutor
(5)
Status NEW Posted 24 Jul 2017 12:07 PM My Price 7.00

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