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

Question

1 Approved Answer

Q) ABC business had $726,000 total sales in 2019 and 55% CM ratio. If its sales is to be increased by $80,000 in 2020, please

Q) ABC business had $726,000 total sales in 2019 and 55% CM ratio. If its sales is to be increased by $80,000 in 2020, please calculate how much will increase in its net income in 2020.?image text in transcribed

Q2 ABC business had $726,000 total sales in 2019 and 55% CM ratio. If its sales is to be increased by $80,000 in 2020, please calculate how much will increase in its net income in 2020

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

Core Concepts Of Accounting Information Systems

Core Concepts Of Accounting Information Systems

Authors: Nancy A. Bagranoff, Mark G. Simkin, Carolyn Strand Norman

11th Edition

9780470507025, 0470507020

More Books

Students also viewed these Accounting questions

Question

★★★★★
Consider the following NLP problem: Maximize 2Xi + X2 - 2X3 + 3XiX2 + 1X subject to the constraints (a) Set up and solve the model by using Solver. Use a starting value of zero for each decision...

Answered: 1 week ago

Question

★★★★★
It wont come as a surprise to hockey fans that with each passing season the number of goals scored is decreasing. Many experts blame goalie equipment. The oversized pads and other protection for...

Answered: 1 week ago

Question

★★★★★
3. Complete the first of the Five Steps to Effective Delegation by writing a one- to two-page action plan that describes the task and why the person you selected is an appropriate choice. Indicate...

Answered: 1 week ago

Question

★★★★★
Using the following data for Jackson Products Company, answer Parts a through g: Jackson Products Company's Balance Sheet Industry Averages Current ratio ..................2.5:1 Quick ratio...

Answered: 1 week ago

Question

★★★★★
Q) ABC business had $726,000 total sales in 2019 and 55% CM ratio. If its sales is to be increased by $80,000 in 2020, please calculate how much will increase in its net income in 2020.? Q2 ABC...

Answered: 1 week ago

Question

★★★★★
14. [-/1 Points] DETAILS LARAPCALC10 3.6.016.MI. Determine all vertical asymptotes of the graph of the function. (Enter your an R(x ) = x2 + 5x - 36 x2 - 16

Answered: 1 week ago

Question

★★★★★
Question: What happens when the final keyword is applied to a method in Java? A) The method cannot be overridden by subclasses. B) The method can only be called once during the program's execution....

Answered: 1 week ago

Question

★★★★★
Question: What is the effect of declaring a constructor as private in Java? A) The class cannot have any instances. B) The class can only be instantiated from within the class itself. C) The class is...

Answered: 1 week ago

Question

★★★★★
Question: What happens when the synchronized keyword is applied to a method in Java? A) The method can only be executed by one thread at a time. B) The method becomes immutable and its logic cannot...

Answered: 1 week ago

Question

★★★★★
1.What is zygote ? 2.explain cell differentiation? 3. What are the stem cell? 4. Tissue means?

Answered: 1 week ago

Question

★★★★★
Question: What happens if you declare a method as synchronized in Java? A) The method can only be called by one thread at a time on the same object instance. B) The method can be executed by multiple...

Answered: 1 week ago

Question

★★★★★
11. Do people playing the dictator game show only self-interested behavior? How much divergence is there in the splits given by dictators to the other player? LO8.5

Answered: 1 week ago

Question

★★★★★
LO8.5 Define fairness and give examples of how it affects behavior in the economy and in the dictator and ultimatum games.

Answered: 1 week ago

Question

★★★★★
6. Suppose that Ike is loss averse. In the morning, Ikes stockbroker calls to tell him that he has gained $1,000 on his stock portfolio. In the evening, his accountant calls to tell him that he owes...

Answered: 1 week ago

Previous Question Next Question