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ROSS COMPANY MANUFACTURES MOUNTAIN BIKES THAT SELLS FOR $650 EACH. TOTAL FIXED C

ID: 2354600 • Letter: R

Question

ROSS COMPANY MANUFACTURES MOUNTAIN BIKES THAT SELLS FOR $650 EACH. TOTAL FIXED COSTS AMOUNT TO $280,000. THE CONTRIBUTION RATIO IS 35%. IF IRS IS TO BE PAID 35%, N.C. TO GET 15%, AND MECK IS TO GET 5%, COMPUTE THE NUMBER OF BIKES TO BE SOLD, N.C. TAX, AND TOTAL SALES. Answer A. 2,190 BIKES,$32,727 TO NC, AND $SALES OF $1,423,500. B. 1,290 BIKES,$36,345 TO NC, AND $SALES OF $2,324,500. C. 3,090 BIKES,$24,545 TO NC, AND $SALES OF $3,654,300. D. 3,090 BIKES,$24,545 TO NC, AND $SALES OF $3,654,300. ROSS COMPANY MANUFACTURES MOUNTAIN BIKES THAT SELLS FOR $650 EACH. TOTAL FIXED COSTS AMOUNT TO $280,000. THE CONTRIBUTION RATIO IS 35%. IF IRS IS TO BE PAID 35%, N.C. TO GET 15%, AND MECK IS TO GET 5%, COMPUTE THE NUMBER OF BIKES TO BE SOLD, N.C. TAX, AND TOTAL SALES. 2,190 BIKES,$32,727 TO NC, AND $SALES OF $1,423,500. 1,290 BIKES,$36,345 TO NC, AND $SALES OF $2,324,500. 3,090 BIKES,$24,545 TO NC, AND $SALES OF $3,654,300. 3,090 BIKES,$24,545 TO NC, AND $SALES OF $3,654,300. A. 2,190 BIKES,$32,727 TO NC, AND $SALES OF $1,423,500. B. 1,290 BIKES,$36,345 TO NC, AND $SALES OF $2,324,500. C. 3,090 BIKES,$24,545 TO NC, AND $SALES OF $3,654,300. D. 3,090 BIKES,$24,545 TO NC, AND $SALES OF $3,654,300.

Explanation / Answer

C. 3,090 BIKES,$24,545 TO NC, AND $SALES OF $3,654,300. D. 3,090 BIKES,$24,545 TO NC, AND $SALES OF $3,654,300.