Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 30, 2024

Bolding Inc.'s contribution margin ratio is 61% and its fixed monthly expenses are $42,000. Assuming that the fixed monthly expenses do not change, what is

Bolding Inc.'s contribution margin ratio is 61% and its fixed monthly expenses are $42,000. Assuming that the fixed monthly expenses do not change, what is the best estimate of the company's net operating income in a month when sales are $126,000?

A. $84,000

B. $76,860

C. $34,860

D. $7,140

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

Step: 3

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

Research Methods In Accounting

Authors: Malcolm Smith

6th Edition

1529779774, 978-1529779776

More Books

Students also viewed these Accounting questions

Question

★★★★★

P = 0.1271 The P-value for a hypothesis test is shown. Use the P-value to decide whether to reject H0 when the level of significance is (a) = 0.01, (b) = 0.05, (c) = 0.10.

Answered: 1 week ago

Question

★★★★★

Should navigation to related groups of elements be given priority over navigation to a specific element?

Answered: 1 week ago

Question

★★★★★

=+Describe the components of this time series.

Answered: 1 week ago

Question

★★★★★

A liquid-level control system can be configured in either of two ways. with a control valve manipulating flow of liquid into the holding tank (Figure a), or with a control valve manipulating the flow...

Answered: 1 week ago

Question

★★★★★

A company produces its main product called Vitamix using one material code named Voom. One unit of the product uses 2.8 litres of Voom. In a given period, the following budget data was provided:...

Answered: 1 week ago

Question

★★★★★

Ten months of data and the forecasts for those same periods are in the table below. Compute mean bias, MAD, and MAPE and select the right option below. Month Actual Forecast January 4 2 3 7 February...

Answered: 1 week ago

Question

★★★★★

Based on the new case/reading, i.e., Finding Information for Industry Analysis (HBS, 2008), identify a minimum of five (5) sources of information which you would recommend to Eric Migicovsky (as of...

Answered: 1 week ago

Question

★★★★★

Audimax company is an electronics company specializing in the manufacture of home audio equipment . Historically, the company has used solely financial performance measures to asses the performance...

Answered: 1 week ago

Question

★★★★★

(20 points) Prismatic bars of various thin-walled cross-sections of uniform thickness t (shown below) are to be loaded in torsion. Calculate the torsion constant for each shape below, Ji (i = 0, 1,...

Answered: 1 week ago

Question

★★★★★

The process of recruitment has always been a high volume and constant in the hospitality industry. The industry has a relatively large proportion of entry level, low skilled jobs which by their...

Answered: 1 week ago

Question

★★★★★

For each of the problems below, the material is assumed to be carbon (M55 fiber) / epoxy composite with the following properties: E = 40 Msi E2 = 1.8 Msi V12 = 0.3 G12 = 0.7 Msi X = 230 ksi Xc = -180...

Answered: 1 week ago

Question

★★★★★

What resources will these tactics require?

Answered: 1 week ago

Question

★★★★★

What level of impact will this tactic make on the key public?

Answered: 1 week ago

Question

★★★★★

Have you used powerful language in your message?

Answered: 1 week ago

Previous Question Next Question