Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Aug 01, 2024

Variable costs as a percentage of sales for Lemon Inc. are 69%, current sales are $581,000, and fixed costs are $182,000. How much will operating

Variable costs as a percentage of sales for Lemon Inc. are 69%, current sales are $581,000, and fixed costs are $182,000. How much will operating income change if sales increase by $48,400?

a.$33,396 decrease b.$15,004 increase c.$15,004 decrease d.$33,396 increase

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 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

Financial Modeling

Authors: Simon Benninga

3rd Edition

0262026287, 9780262026284

More Books

Students also viewed these Accounting questions

Question

★★★★★

Clark is employed by a company that currently pays him $90,000 per year. He owns a new car that he bought for cash of $39,000. Clark is thinking about returning to school to obtain a law degree....

Answered: 1 week ago

Question

★★★★★

3. Investigate opportunities for gaining research experience. Some departments of psychology post openings for research assistant positions in a faculty members lab. In other departments these...

Answered: 1 week ago

Question

★★★★★

Zocco Corporation has an inventory conversion period of 75 days, an average collection period of 38 days, and a payables deferral period of 30 days. a. What is the length of the cash conversion cycle...

Answered: 1 week ago

Question

★★★★★

A business pays weekly salaries of $29400 on Friday for a five-day week ending on that day. The adjusting entry necessary at the end of the fiscal period ending on a Thursday is debit Salaries and...

Answered: 1 week ago

Question

★★★★★

One of the models of Luboh P/L MXL-Gamer has the following cost pattern. Due to overseas competition, the business wants to reduce its cost structure for the up coming year. The popular model is...

Answered: 1 week ago

Question

★★★★★

After reading Case 1 4 . 1 ( Gender and Leadership. page 4 1 0 ) , respond to the followng questions Q 1 : What advancement barriers did Lisa encounter? Q 2 : What should the firm\'s top executives...

Answered: 1 week ago

Question

★★★★★

b) Consider a 36 MW steam power plant operates on a simple ideal Rankine cycle between the pressure limits of 25 bar and 0.5 bar. The dryness fraction of the steam at the turbine exit is 90%. The...

Answered: 1 week ago

Question

★★★★★

A few years ago ValuChain Company sold a $1,000 par value, noncallable bond that now has 15 years to maturity and a 5.00% annual coupon that is paid semiannually. The bond currently sells for $920...

Answered: 1 week ago

Question

★★★★★

Part D Consider the function, m (x 3) f(x) = (x+5) (x 8) where m represents a real number. #9 Using what you know about rational functions, what is the equation of the horizontal asymptote? #10 Use...

Answered: 1 week ago

Question

★★★★★

Forten Company's current year Income statement, comparative balance sheets, and additional Information follow. For the year. (1) all sales are credit sales, (2) all credits to Accounts Receivable...

Answered: 1 week ago

Question

★★★★★

1. The producers said the WGA wasnt bargaining in good faith. What did they mean by that, and do you think the evidence is sufficient to support the claim?

Answered: 1 week ago

Question

★★★★★

2. The WGA did eventually strike. What tactics could the producers have used to fight back once the strike began? What tactics do you think the WGA used?

Answered: 1 week ago

Question

★★★★★

5. Explain the supervisors role in safety.

Answered: 1 week ago

Previous Question Next Question