FREE Trial S
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

18. Big Maack Ltd. contribution margin ratio is 16% and its fixed monthly expenses are 44,000. If the company's sales for a month are 299,000,

image text in transcribed
18. Big Maack Ltd. contribution margin ratio is 16% and its fixed monthly expenses are 44,000. If the company's sales for a month are 299,000, what is the best estimate of the company's net operating income? Assume that the fixed monthly expenses do not change. a) 207,160 b) 3,840 C) 255,000 d) $47.840

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Robo Auditing Using Artificial Intelligence To Optimize Corporate Finance Processes

Robo Auditing Using Artificial Intelligence To Optimize Corporate Finance Processes

Authors: Patrick J.D. Taylor, Manish Singh, Nathanael J. L'Heureux

1st Edition

ISBN: 1544511442, 978-1544511443

More Books

Students also viewed these Accounting questions

Question

★★★★★
Suppose that when a transistor of a certain type is subjected to an accelerated life test, the lifetime X (in weeks) has a gamma distribution with mean 24 weeks and standard deviation 12 weeks. a....

Answered: 1 week ago

Question

★★★★★
Compare and contrast the main types of economic systems that are found in different regions of the world. LO.1

Answered: 1 week ago

Question

★★★★★
Consider a sequential queueing model with three servers, where customers arrive at server 1 in accordance with a Poisson process with rate . After completion at server 1 the customer then moves to...

Answered: 1 week ago

Question

★★★★★
The following information pertains to Worthy Tours: 1. Cash balance per bank, July 31, $7,263. 2. July bank service charge not recorded by the depositor $28. 3. Cash balance per books, July 31,...

Answered: 1 week ago

Question

★★★★★
student Instructions Via the Blackboard Discussion Board "VBA programing", complete the following tasks: 1. Create a button-type object within a spreadsheet that calculates the conversion of pounds...

Answered: 1 week ago

Question

★★★★★
1. A regional transit authority is a compponent unit of the County in which it is located in accordance with GASB requirements. The County is not deemed to be an includable component unit of the...

Answered: 1 week ago

Question

★★★★★
Articulate the internet recruiting strategy you will suggest for Kohl\'s and justify your selections. Will Kohl\'s have a jobs page linked to the website? Will you also use sites, such as LinkedIn or...

Answered: 1 week ago

Question

★★★★★
HR wants to send the completed budget reports to the various department managers ( managers are employees ) . To do so , they need a current listing of the department managers to contact. For this...

Answered: 1 week ago

Question

★★★★★
A video game is designed so that each day, the player experiences different weather, chosen at random. Someone looks at the code for the game and sees that the chance of getting clouds on a...

Answered: 1 week ago

Question

★★★★★
Write essay of a minimum of 1100 and a maximum words of 1400 ( pages of 3 -4) on the following: 1. Briefly differentiate between the modes of transport the business will need to utilise to gettheir...

Answered: 1 week ago

Question

★★★★★
Sara Lehtonen is the president and owner of Lehtonen Consulting Inc. (LCI). LCI provides various market research services to identify and understand customer preferences through three activities: (1)...

Answered: 1 week ago

Question

★★★★★
Every October, your company has an open enrollment period during which employees select their health and dental plans for the next calendar year. Once the open-enrollment period ends, no coverage...

Answered: 1 week ago

Question

★★★★★
Assume the role of the vice president of sales at Rampart Publishing. Early in February, you attended a professional conference in another state. Dr. Daniel Loman, the motivational speaker who...

Answered: 1 week ago

Question

★★★★★
Technology.Global.Dahui Lian, a Shanghai official with whom you have met on several past visits to China, is planning to come to the United States.Through your visits and subsequent e-mail exchanges,...

Answered: 1 week ago

Previous QuestionNext Question