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

Question

1 Approved Answer

The management of Paye Corporation expects sales in April to be $130, 000. The company's contribution margin ratio is 65% and its fixed monthly expenses

image text in transcribed
The management of Paye Corporation expects sales in April to be $130, 000. The company's contribution margin ratio is 65% and its fixed monthly expenses are $54,000. Estimate the company's net operating income for April, assuming that the fixed monthly expenses do not change. Show your work

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

Step: 3

blur-text-image

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 Fraud Casebook The Bytes That Bite

Computer Fraud Casebook The Bytes That Bite

Authors: Joseph T. Wells

1st Edition

0470278145, 978-0470278147

More Books

Students also viewed these Accounting questions

Question

★★★★★
In the Stirling cycle shown in figure, process ab is an isothermal compression, process bc is heating at constant volume, process cd is an isothermal expansion, and process da is cooling at constant...

Answered: 1 week ago

Question

★★★★★
One way to reduce the free-convection heat loss in a horizontal solar collector is to reduce the pressure in the space separating the glass admitting the solar energy and the black absorber below....

Answered: 1 week ago

Question

★★★★★
The circuits in computers and other electronics equipment consist of one or more printed circuit boards (PCB), and computers are often repaired by simply replacing one or more defective PCBs. In an...

Answered: 1 week ago

Question

★★★★★
At year-end 2004, total assets for Bertin Inc. were $1.2 million and accounts payable were $375,000. Sales, which in 2004 were $2.5 million, are expected to increase by 25 percent in 2005. Total...

Answered: 1 week ago

Question

★★★★★
ts re Gradient Drives e (BP) is the force od on a vessel wall. n the arteries are close to the enerates pressure ction. Pressure s blood travels heart, through and eventually the in pressure (BP gh...

Answered: 1 week ago

Question

★★★★★
The following monthly data are taken from Ramirez Company at July 3 1 : Sales salaries, $ 3 4 0 , 0 0 0 ; Office salaries, $ 6 8 , 0 0 0 ; Federal income taxes withheld, $ 1 0 2 , 0 0 0 ; State...

Answered: 1 week ago

Question

★★★★★
EXPLAIN IN ENGLISH AND TAGALOG Creating a Compelling Vision Suppose you are running the computer department at an electronics store. Overall the store has been having a good year: Sales of cell...

Answered: 1 week ago

Question

★★★★★
You are a startup company that runs an Amazon Elastic Compute Cloud (Amazon EC2) instance to host a website. In this activity, develop a recommendation for the appropriate support plan. When you...

Answered: 1 week ago

Question

★★★★★
If a business owner wishes to identify which product sold the most, how would you make this report more useful? AQ2. If you wanted to provide more detail, what other attributes would be useful to add...

Answered: 1 week ago

Question

★★★★★
Describe the functions that elevated water storage serves in a distribution system

Answered: 1 week ago

Question

★★★★★
Your company, in Virginia, is sending you to their headquarters in Japan to support with training employees on a newly acquired ordering system. Considering Japan's culture and Hofstede's 5...

Answered: 1 week ago

Question

★★★★★
h. How has your family status changed through the generations? Compare your family experience with those of your classmates. Did most immigrants come for the same reasons? What are the differences in...

Answered: 1 week ago

Question

★★★★★
b. Where did they come from?

Answered: 1 week ago

Question

★★★★★
g. What were their occupations before they came, and what jobs did they take on their arrival?

Answered: 1 week ago

Previous Question Next Question