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

Question

1 Approved Answer

Solve using given information Using Operating Leverage, compute taxable income for the year if sales increase 15% 01 02 Q4 Year Sales 300,000 $ 500.000

Solve using given information

image text in transcribed
Using Operating Leverage, compute taxable income for the year if sales increase 15% 01 02 Q4 Year Sales 300,000 $ 500.000 $ 425,000 $ 125.000 $ 1.350.000 Total cost 270,000 $ 400,000 $ 351.250 $ 156.250 $ 1.177.500 Net income 30.000 $ 100,090 S 73,750 $ (31.250) $ 172,500 6 5243.375 5857 143 $492,857 $1.952.500 None of the other answers are correct

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

Cornerstones Of Financial Accounting

Cornerstones Of Financial Accounting

Authors: Jay Rich, Jeff Jones

3rd Edition

1285424409, 978-1285423678

More Books

Students also viewed these Accounting questions

Question

★★★★★
What type of account is the Dividends account?

Answered: 1 week ago

Question

★★★★★
Assess the shape of the yield curve, using the website www.bloomberg.com. Click on Market data and then on Rates & bonds. Is the Treasury yield curve upward or downward sloping? What is the yield of...

Answered: 1 week ago

Question

★★★★★
In the article Hypoglycemia in patients with type 2 diabetes mellitu published in the Archives of Internal Medicine (Miller et al., 2001), the authors reported the odds ratios for a logistic...

Answered: 1 week ago

Question

★★★★★
The Mohawk Discount Store is designing a management training program for individuals at its corporate headquarters. The company wants to design the program so that trainees can complete it as quickly...

Answered: 1 week ago

Question

★★★★★
determine the company's accounting equation Requirement 1. Determine the company's accounting equation, and label each element as a debit amount or a credit amount. If you use $26,000 for the owner's...

Answered: 1 week ago

Question

★★★★★
An online store sells a product for which the daily demand is normally distributed with a mean of 120 units and with a standard deviation of 10 units. We assume the source of supply has a constant...

Answered: 1 week ago

Question

★★★★★
Use the financial statements of Heifer Sports Inc. to find the information below for Heifer. (Use 365 days a year. Round all answers to 2 decimal places except $ amounts.) Income Statement Sales Cost...

Answered: 1 week ago

Question

★★★★★
Which examples of headings, lists, and colons show correct capitalization? Instruction: Choose all options that best answer the question. Answer Choices The CFO released the document "Taxation...

Answered: 1 week ago

Question

★★★★★
haimi, [25/05/2022 3:47 PM] A small business enterprise makes dresses and trousers. To make a dress requires 2 hours of cutting and 2 hours of sewing. To make trousers requires 1 hour of cutting and...

Answered: 1 week ago

Question

★★★★★
A training organisation purchases aheavy volume copier for large workloadson 1/7/2022 for $36,000 [GST exclusive]. It has a useful life of 4 years and a residual value of $4,000 [GST exclusive]....

Answered: 1 week ago

Question

★★★★★
The given multivariable function is as follows: f ( x , y ) = ky 2 - 2 y 3 - kx 3 + 2 kxy . A. Given that the function f ( x,y ) in the Assumptions section has a critical point at (0,0), use a second...

Answered: 1 week ago

Question

★★★★★
How often should braille accommodations be provided? A. Never, not enough people use it. B. Always, regardless of how many people use it. C. Sometimes if it was requested by someone who needs it. D....

Answered: 1 week ago

Question

★★★★★
Mortality rate

Answered: 1 week ago

Question

★★★★★
Armed conflicts.

Answered: 1 week ago

Question

★★★★★
Take responsibility for the other persons or others experience of the situation.

Answered: 1 week ago

Previous Question Next Question