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

Question

1 Approved Answer

A corporation's contribution margin ratio is 77% and its fixed monthly expenses are $46.000. Assume that the compary's sales for November are expected to be

image text in transcribed
A corporation's contribution margin ratio is 77% and its fixed monthly expenses are $46.000. Assume that the compary's sales for November are expected to be $105,000. Required: Estimate the company's net operoting Income for September, assuming that the fixed monthly expenses do not change

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

Only The Strongest Women Become Auditors

Only The Strongest Women Become Auditors

Authors: Auditor Publishing

1st Edition

1660768675, 978-1660768677

More Books

Students also viewed these Accounting questions

Question

★★★★★
Find the sampling distributions of Y1 and Yn for random samples of size n from a continuous uniform population with = 0 and = 1.

Answered: 1 week ago

Question

★★★★★
The coefficient of variation for stock X is Possible Outcomes Probability Returns (%) Pessimistic 0.25 10 0.45 12 Most likely Optimistic 0.30 16 O a. 0.3333 O b. 0.181 O c. 0.3149 O d. None of the...

Answered: 1 week ago

Question

★★★★★
8.3 Calculate the margin of error in estimating a population mean for these values: a. n = 30,0 = 0.2 b. n 30, 0.9 c. n = 30,0 = 1.5

Answered: 1 week ago

Question

★★★★★
Using data in Exercise 9-9, assume that the allowance for doubtful accounts for Quigley Industries has a credit balance of $14,280 before adjustment on November 30. Journalize the adjusting entry for...

Answered: 1 week ago

Question

★★★★★
Waterway Bookstore had 460 units on hand at January 1, costing $9 each. Purchases and sales during the month of January were as follows: Waterway does not maintain perpetual inventory records....

Answered: 1 week ago

Question

★★★★★
please help me fast i will give you like please imp tof estion Situation CRC Card (8 Marks) Using the following sample, and the template in the answer field prepare a CRC card for the following...

Answered: 1 week ago

Question

★★★★★
With the communication device pointed toward your home planet, you realize, to your dismay, that the cords have been disconnected from the device. "Computer, how do I plug in these cables", you ask....

Answered: 1 week ago

Question

★★★★★
Linda intends to adopt the differentiation strategy for her new caf business in Singapore. What actions do you think Linda should take to make the strategy work and why? What do you think are the key...

Answered: 1 week ago

Question

★★★★★
Rockfest, an annual concert put on by Hard Rock. The concert lasts for 13 hours and is attended by over 100,000 fans. Planning for the event begins nine months ahead of time. Microsoft Project is...

Answered: 1 week ago

Question

★★★★★
If you were in Ivan's situation and weren't sure of how to provide accommodation for Keeton, what TWO options would be the best to use as resources? A. There are no resources for this B. A different...

Answered: 1 week ago

Question

★★★★★
f. Which has higher memory utilization in your device, the background/system processes or the application processes? Briefly explain the condition of processes in your device to support your answer....

Answered: 1 week ago

Question

★★★★★
Identify the signs of sexual harassment and the ways it can be countered.

Answered: 1 week ago

Question

★★★★★
Explain the outline of the legislation relating to equal opportunities.

Answered: 1 week ago

Question

★★★★★
Identify the importance of specialised training and learning arrangements such as action learning, induction and sales training.

Answered: 1 week ago

Previous Question Next Question