Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 18, 2024

Joe's Manufacturing has fixed costs of $580000 and variable costs are 20% of sales. How much will Joe's report as sales when its net income

"""Joe's Manufacturing has fixed costs of $580000 and variable costs are 20% of sales. How much will Joe's report as sales when its net income equals $60000?

$800000

$785000

$3200000

$128000

""""

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

Computer Accounting With QuickBooks 2021

Authors: Donna Kay

20th Edition

1264069197, 9781264069194

More Books

Students also viewed these Accounting questions

Question

★★★★★

Trevor is an English professor at Clayton College. His adjusted gross income for the year is $58,000, including $5,000 he won at the racetrack. Trevor incurs the following during the year: Investment...

Answered: 1 week ago

Question

★★★★★

With a challenging task, such as taking a difficult exam, performance is likely to peak when arousal is very high. moderate. very low. absent.

Answered: 1 week ago

Question

★★★★★

Describe and compare the teachings of Epicurus, Diogenes, Zeno, and Pyrrho.

Answered: 1 week ago

Question

★★★★★

James Sprater of Grand Junction, Colorado, has been shopping for a loan to buy a used car. He wants to borrow $18,000 for four or five years. James's credit union offers a declining-balance loan at...

Answered: 1 week ago

Question

★★★★★

Whenever a merchandise company sells their inventory they must record two separate journal entries. Please explain what these two entries are and why they both must be recorded with every sale

Answered: 1 week ago

Question

★★★★★

EVA Barton Industries has operating income for the year of $3,800,000 and a 40% tax rate. Its total invested capital is $18,000,000 and its after-tax percentage cost of capital is 5%, what is the...

Answered: 1 week ago

Question

★★★★★

Creating graphical display The newly created data set will be used to compare the BMI of smokers to non-smokers. Create the following graphs in Excel: Using the column labeled Smoker (not sorted by...

Answered: 1 week ago

Question

★★★★★

Case Study Given the recent Covid-19 pandemic, the academic staff of York Town Primary School (YTPS) has been mandated to work from home. This would mean that both teachers and students remain home...

Answered: 1 week ago

Question

★★★★★

Mid-Term Exam 10/18/22 19. In a reciprocating engine powered aircraft, would you fly faster, slower, or the same speed for maximum endurance versus maximum range? Why? UPPER SURFACE 20. (a) What is...

Answered: 1 week ago

Question

★★★★★

2. In many ransomware attacks, the perpetrators ask for far less money than the victims end up paying to recover from the attack. Would it not save money and time for victims to pay the ransom? Why...

Answered: 1 week ago

Question

★★★★★

Consider the network topology shown below. The topology consists of multiple routers interconnected by full-duplex links. Each link has a static cost associated with it, which represents the cost of...

Answered: 1 week ago

Question

★★★★★

3. Several years ago, 8,000 Amtrak workers agreed not to disrupt service by walking out, at least not until a court hearing was held. Amtrak had asked the courts for a temporary restraining order,...

Answered: 1 week ago

Question

★★★★★

6. What actions might make employers lose elections?

Answered: 1 week ago

Question

★★★★★

3. This case and this chapter both had something to say about how organizational culture influences ethical behavior. What role do you think culture played at Enron? Give five specific examples of...

Answered: 1 week ago

Previous Question Next Question