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

Question

1 Approved Answer

Stoppkotte Corporation has provided its contribution format income statement for April. Sales $703,000 Variable expenses 444,000 Contribution margin 259,000 Fixed expenses 184,200 Net operating income

Stoppkotte Corporation has provided its contribution format income statement for April. Sales $703,000 Variable expenses 444,000 Contribution margin 259,000 Fixed expenses 184,200 Net operating income $74,800 If the company's sales increase by 10%, its net operating income should increase by about: 34.60% 10.64% 10.00% 93.98%

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

Auditory Interfaces

Auditory Interfaces

Authors: Stefania Serafin, Bill Buxton, Bill Gaver, Sara Bly

1st Edition

1032196459, 978-1032196459

More Books

Students also viewed these Accounting questions

Question

★★★★★
A piston-cylinder device contains 2.2 kg of nitrogen initially at 100 kPa and 25oC. The nitrogen is now compressed slowly in a polytropic process during which PV 1.3 5 constant until the volume is...

Answered: 1 week ago

Question

★★★★★
=+14. Journalized the entry to record payroll taxes on employees earnings of December 14: social security tax, $2,288; Medicare tax, $624; state unemployment tax, $250; federal unemployment tax, $60.

Answered: 1 week ago

Question

★★★★★
68. Elevated energy consumption during exercise continues after the workout ends. Because calories burned after exercise contribute to weight loss and have other consequences, it is important to...

Answered: 1 week ago

Question

★★★★★
Suppose a chain of KFC franchises in Shanghai had budgeted sales for 2012 of RMB 7.8 million (where RMB stands for the Chinese unit of currency, officially the renminbi, also called the yuan). Cost...

Answered: 1 week ago

Question

★★★★★
In C++, write an array declaration for each of the following: a. A list of 15 integer Student ID numbers b. A list of 20 double-precision averages c. A list of 25 characters, each representing a...

Answered: 1 week ago

Question

★★★★★
Giraldo Systems began business on January 1 of the current year, producing a single product that is popular with home builders. Demand was very strong, allowing the company to sell its entire...

Answered: 1 week ago

Question

★★★★★
Income Statement for the ear Ended 3 0 Net Saies ( All on Credit ) . 7 4 1 8 COGS. 5 2 7 1 Depreciation. 7 4 5 EBIT 1 4 0 2 Interest. 3 0 5 . Taxes 3 8 4 Net Incorne. 7 1 3 Dividends paid 2 5 0...

Answered: 1 week ago

Question

★★★★★
When prioritizing risk, what are the two primary criteria that need to be determined for analyzing the level of risk for a particular event? Using these two criteria, how would you describe the risk...

Answered: 1 week ago

Question

★★★★★
Tanya ( born 1 0 - 3 1 - 9 0 ) is single, has no dependents and will not itemize deductions. She cannot be claimed as a dependent by anyone else. Tanya can claim adjustments of $ 8 0 0 for her...

Answered: 1 week ago

Question

★★★★★
Bugs NoMore Company manufactures a product effective in controlling beetles. The company uses a standard cost system and a flexible budget. Standard cost of a gallon is as follows: Direct material: 2...

Answered: 1 week ago

Question

★★★★★
Your director at the department of Home Affairs has appointed you as the lead project manager for a project to rollout the new card type identification to all South African citizens, replacing the...

Answered: 1 week ago

Question

★★★★★
5. Conduct an in-depth information-gathering interview, and write a report (no more than five typed pages) in which you summarize the information you received and comment on what you learned about...

Answered: 1 week ago

Question

★★★★★
1. Observe a press conference on television. Who is being interviewed? Who is conducting the interview? What is the goal of the press conference? How is control distributed? List five questions that...

Answered: 1 week ago

Question

★★★★★
Tell me about a recent project that didnt turn out the way you wanted. What did you do to try to make it work?

Answered: 1 week ago

Previous Question Next Question