Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please help me with the questions below: btw its #28 not 18 2T. Nguyen Corporation has provided the following contribution format income statement. Assume that

Please help me with the questions below:

btw its #28 not 18

image text in transcribed
2T. Nguyen Corporation has provided the following contribution format income statement. Assume that the following information is within the relevant range. Sales {3,000 units} $ 120,000 Variable expenses 90,000 Contribution margin 30,000 Fixed expenses 21,000 Net operating income $ 9,000 If sales decline to 2,900 units, the net operating income would be closest to: A} $29,000 B) $1,000 C} $8,100 D} $8,000 28. Stockmaster Corporation has provided the following contribution format income statement. Assume that the following information is within the relevant range. Sales (8.000 units} $ 320,000 Variable expenses 192,000 Contribution margin 123,000 Fixed expenses 121,600 Net operating income $ 6,400 The margin of safety in dollars is closest to: A} $6,400 B} $16,000 C) $121,600 D} $128,000 29. Using the data contained above in #13 regarding Stockmaster Corporation write in the 1iralue percentage to use for Sales on the asset sheet

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_2

Step: 3

blur-text-image_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

Income Tax Fundamentals 2013

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

31st Edition

1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516

More Books

Students also viewed these Accounting questions

Question

6. How can a message directly influence the interpreter?

Answered: 1 week ago