Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Feb 28, 2024

If the contribution margin is $5,000, variable cost is $4,000, and net operating income is $2,000, what is the fixed cost?

If the contribution margin is $5,000, variable cost is $4,000, and net operating income is $2,000, what is the fixed cost?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

To find the fixed cost you can use the contribution margin formula C... 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

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

Managerial Accounting

Authors: Jennifer Cainas, Celina J. Jozsi, Kelly Richmond Pope

1st Edition

0137689454, 9780137689453

More Books

Students also viewed these Accounting questions

Question

★★★★★

You invested $1,000,000 into a business and the return (i.e. income/profit) is $100,000. What is the return on investment (ROI)? 2. You invested $2,000,000 into a business and gain a 15% return on...

Answered: 1 week ago

Question

★★★★★

Find the area of each composite figure. All curves are circular arcs with centers shown. (Round your answers to two decimal places.) (b) 4 cm 2 cm 7cm cm2 7.2 m m 6.6 m

Answered: 1 week ago

Question

★★★★★

Abel Company wants to sell the vaccine delivery systems. The Food and Drug Administration system issued a new rule (after notice and comment) to any vaccine delivery manufacturer stating that it had...

Answered: 1 week ago

Question

★★★★★

On September 30, 2021, Antagonia Real Estate Limited's general ledger showed the following balances: Accounts payable Accounts receivable Advertising expenses Cash Common shares Income tax expense...

Answered: 1 week ago

Question

★★★★★

Do the poles of a horseshoe magnet attract each other? If you bend the magnet so that the poles get closer together, what happens to the force between the poles?

Answered: 1 week ago

Question

★★★★★

The two most commonly used tools for planning a programs logic are _____. a. ASCII and EBCDIC b. Java and Visual Basic c. Flowcharts and pseudocode d. Word processors and spreadsheets

Answered: 1 week ago

Question

★★★★★

With reference to the out-patient visits to a hospital, we consider the following events: A: a patient is over 50 years of age; B: a patient is under 25 years of age; C: the condition of a patient...

Answered: 1 week ago

Question

★★★★★

Charlies Chevy Sales and Service estimates the amount of uncollectible accounts using the percentage of receivables method. After aging the accounts, it is estimated that $3,935 will not be...

Answered: 1 week ago

Question

★★★★★

Problem #1 (4 points) Determine the truth value of each of these statements if the domain for all variables consists of all integers and explain why. a) (20) b) n(n+ = 2) c) Vn(n? 2n) d) 3n(n>1) b)...

Answered: 1 week ago

Question

★★★★★

Consider the stirred-tank reactor shown in Fig. P5-5. The reaction occurring is A ? B and it proceeds at a rate r = kCo where r = (moles A reacting)/(volume)(time) k = reaction rate constant Co (t) =...

Answered: 1 week ago

Question

★★★★★

can you please solve it in more details? QUESTION 2 ION V A University in the western region of Canada is planning to build a new football stadium to solve the capacity problem it has with the...

Answered: 1 week ago

Question

★★★★★

Did Sanergy make ethical choices? forum The prompt for this discussion forum is "Do you believe that Sanergy made ethical choices? Why do you feel this way?"

Answered: 1 week ago

Question

★★★★★

The oil delivery tanker M/V Jolly, while delivering oil to the H.V Petram Barge at anchorage, collided with the barge causing extensive damage to both the barge and tanker. As a result of the...

Answered: 1 week ago

Question

★★★★★

This again poses a scenario. It been asked to compose an executive memo to the company's new Director of Negotiations. And have been asked to teach him/her the ropes. Using these three articles,...

Answered: 1 week ago

Question

★★★★★

Hansell Company's management wants to prepare budgets for one of its products, Duraflex, for July 2019. The firm sells the product for $84 per unit and has the following expected sales (in units) for...

Answered: 1 week ago

Question

★★★★★

The vision statement describes the destination or the future state, but it is the _____ that describes the journey you take to get there. Select an answer: Kirkpatrick model McKinsey 7S model Target...

Answered: 1 week ago

Question

★★★★★

1.9 Would a listed company want to maximise or minimise dividends? Argue both cases. 1.12 The marketing manager of a listed company wants to maximise sales, the finance manager wants to maximise...

Answered: 1 week ago

Question

★★★★★

Choose two matrices A and B with dimension 2 x 2. Calculate det A, det B, and det (AB). Repeat this process until you are able to discover how these three determinants are related. Summarize your...

Answered: 1 week ago

Question

★★★★★

WKC Company reported the following overhead charges for the first 3 months: a. Which of the costs are fixed? Explain why. b. Which of the costs are variable? Explain why. c. Which of the costs are...

Answered: 1 week ago

Question

★★★★★

Basing bonuses only on favorable purchasing and production variances could encourage employees in the short run to act in a manner that does not promote goal congruence (is best for the company). Do...

Answered: 1 week ago

Question

★★★★★

The following articles provide some insight into the current and emerging trends and considerations in capital investment decisions. Select one of the articles from the list below. Tervis selling...

Answered: 1 week ago

Question

★★★★★

8.3. Every year, a large-scale poll of college freshmen conducted by the Higher Education Research Institute at UCLA asks their opinions about a variety of issues. In 2002, 46% of men and 35% of...

Answered: 1 week ago

Question

★★★★★

8.12. In the GSS. subjects who were married were asked the happiness oftheir marriage, the variable coded as HAPMAR. (a) Go to sda.berkeley.edu/GSS/ and construct a contingency table for 2006...

Answered: 1 week ago

Question

★★★★★

7.65. A test consists of 100 true-false questions. Joe did not study, so on each question, he randomly *7.66. guesses the correct response. (a) Find the probability that he scores at least 70, thus...

Answered: 1 week ago

Previous Question Next Question