sabv corporation's break-even-point in sales is $940,000, and its variable expenses are 80% of sales. if the company lost $44,000 last year, sales must have amounted to:

1) Break Even Level = FE - CMR950,000 = X /.3950,000 * 3 = 285,000 2) Variable Expense Ratio = 1 -.7CMR =.302 (fixed expenses) Profit = (CM ratio Sales) - Fixed expenditures of 44,000 = (.3 * X) - 285,000 = 800,000.

What does an expense ratio of 1% entail?

The expense ratio is a yearly charge that is expressed in terms of your investment, or, as the name suggests, the proportion of your investment which goes towards to the fund's expenses. For every $1,000 you invest, a fund manager with a 1% cost ratio will charge you $10 annually.

What ratio of savings to expenses is ideal?

Although experts used to recommend a minimum savings rate of 10%, they now recommend a saving increase of approximately to 15%. Divide this amount into 10percentage points for retirement & 5% for immediate savings, such as a trip. Alternatively, the rule can be stated as a proportion of 100:1 or 85:15, where you consume the first number and save the second..

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