Homework Answers
1. Contribution Margin Ratio = Contribution Margin / Sales
Contribution Margin = Sales - Variable Expenses
= $ 306,000 - 250,920
= $ 55,080
Therefore, Contribution Margin Ratio = $55,080 / $306,000
= 18%
2. If sales increase by $2,900, the change in the company's Net Operating Income would be;
= $2,900 x 18%
= $ 522
Add Answer to:
Check my work Last month when Holiday Creations, Inc., sold 42,000 units, total sales were $306,000,...
Last month when Holiday Creations, Inc., sold 41,000 units, total sales were $306,000, total variable expenses...
Last month when Holiday Creations, Inc., sold 41,000 units, total sales were $306,000, total variable expenses were $217,260, and fixed expenses were $39,300. ints Required: 1. What is the company's contribution margin (CM) ratio? 2. What is the estimated change in the company's net operating income if it can increase total sales by $3,000? (Do not round intermediate calculations.) eBook Hint 1. Contribution margin ratio Print Estimated change in net operating income References Data for Hermann Corporation are shown below:...
Last month when Holiday Creations, Inc., sold 44,000 units, total sales were $303,000 total variable expenses...
Last month when Holiday Creations, Inc., sold 44,000 units, total sales were $303,000 total variable expenses were $245,430, and fixed expenses were $37,500. Required: 1. What is the company's contribution margin (CM) ratio? 2. What is the estimated change in the company's net operating income if it can increase total sales by $2,900? (Do not round intermediate calculations.) 1. Contribution margin ratio 2. Estimated change in net operating income
Last month when Holiday Creations, Inc., sold 41,000 units, total sales were $306,000, total variable expenses...
Last month when Holiday Creations, Inc., sold 41,000 units, total sales were $306,000, total variable expenses were $253,980, and fixed expenses were $38,600. Required: 1. What is the company’s contribution margin (CM) ratio? 2. Estimate the change in the company’s net operating income if it were to increase its total sales by $1,900.
Javed EXIT Check Last month when Holiday Creations, Inc., sold 50,000 units, total sales were $200,000,...
Javed EXIT Check Last month when Holiday Creations, Inc., sold 50,000 units, total sales were $200,000, total variable expenses were $120,000, and fixed expenses were $65,000. Required: 1. What is the company's contribution margin (CM) ratio? 2. What is the estimated change in the company's net operating income if it can increase total sales by $1,000? pped 1. Contribution margin ratio 2. Estimated change in net operating income ences
Last month when Holiday Creations, Inc., sold 44,000 units, total sales were $299,000, total variable expenses...
Last month when Holiday Creations, Inc., sold 44,000 units,
total sales were $299,000, total variable expenses were $215,280,
and fixed expenses were $35,300.
Last month when Holiday Creations, Inc., sold 44,000 units, total sales were $299,000, total variable expenses were $215,280, and fixed expenses were $35,300. Required: 1. What is the company's contribution margin (CM) ratio? 2. What is the estimated change in the company's net operating income if it can increase total sales by $2,600? (Do not round intermediate...
Last month when Holiday Creations, Inc., sold 37,000 units, total sales were $319,000, total variable expenses...
Last month when Holiday Creations, Inc., sold 37,000 units, total sales were $319,000, total variable expenses were $248,820, and fixed expenses were $38,700. Required: 1. What is the company's contribution margin (CM) ratio? Contribution margin ratio % 2. Estimate the change in the company's net operating income if it were to increase its total sales by $2,300. Estimated change in net operating income
Last month when Holiday Creations, Inc., sold 37,000 units, total sales were $319,000, total variable expenses...
Last month when Holiday Creations, Inc., sold 37,000 units, total sales were $319,000, total variable expenses were $248,820, and fixed expenses were $38,700. Required: 1. What is the company's contribution margin (CM) ratio? Contribution margin ratio 2. Estimate the change in the company's net operating income if it were to increase its total sales by $2,300. Estimated change in net operating income
Last month when Holiday Creations, Inc., sold 43,000 units, total sales were $290,000, total variable expenses...
Last month when Holiday Creations, Inc., sold 43,000 units, total sales were $290,000, total variable expenses were $243,600, and fixed expenses were $35,800. Required: 1. What is the company's contribution margin (CM) ratio? Contribution margin ratio 2. Estimate the change in the company's net operating income if it were to increase its total sales by $1,900. Estimated change in net operating income
Last month when Holiday Creations, Inc., sold 39,000 units, total sales were $298,000, total variable expenses...
Last month when Holiday Creations, Inc., sold 39,000 units, total sales were $298,000, total variable expenses were $223,500, and fixed expenses were $35,400. Required: 1. What is the company's contribution margin (CM) ratio? 2. What is the estimated change in the company's net operating income if it can increase total sales by $1,800? (Do not round intermediate calculations.) Contribution margin ratio Estimated change in net operating income
Last month when Holiday Creations, Inc., sold 40,000 units, total sales were $291,000, total variable expenses...
Last month when Holiday Creations, Inc., sold 40,000 units, total sales were $291,000, total variable expenses were $224,070, and fixed expenses were $39,000. Required: 1. What is the company's contribution margin (CM) ratio? 2. What is the estimated change in the company's net operating income if it can increase total sales by $1,400? (Do not round intermediate calculations.) 1. Contribution margin ratio 2. Estimated change in net operating income
Last month when Holiday Creations, Inc., sold 41,000 units, total sales were $306,000, total variable expenses were $217,260, and fixed expenses were $39,300. ints Required: 1. What is the company's contribution margin (CM) ratio? 2. What is the estimated change in the company's net operating income if it can increase total sales by $3,000? (Do not round intermediate calculations.) eBook Hint 1. Contribution margin ratio Print Estimated change in net operating income References Data for Hermann Corporation are shown below:...
Last month when Holiday Creations, Inc., sold 44,000 units, total sales were $303,000 total variable expenses were $245,430, and fixed expenses were $37,500. Required: 1. What is the company's contribution margin (CM) ratio? 2. What is the estimated change in the company's net operating income if it can increase total sales by $2,900? (Do not round intermediate calculations.) 1. Contribution margin ratio 2. Estimated change in net operating income
Javed EXIT Check Last month when Holiday Creations, Inc., sold 50,000 units, total sales were $200,000, total variable expenses were $120,000, and fixed expenses were $65,000. Required: 1. What is the company's contribution margin (CM) ratio? 2. What is the estimated change in the company's net operating income if it can increase total sales by $1,000? pped 1. Contribution margin ratio 2. Estimated change in net operating income ences
Last month when Holiday Creations, Inc., sold 44,000 units,
total sales were $299,000, total variable expenses were $215,280,
and fixed expenses were $35,300.
Last month when Holiday Creations, Inc., sold 44,000 units, total sales were $299,000, total variable expenses were $215,280, and fixed expenses were $35,300. Required: 1. What is the company's contribution margin (CM) ratio? 2. What is the estimated change in the company's net operating income if it can increase total sales by $2,600? (Do not round intermediate...
Last month when Holiday Creations, Inc., sold 37,000 units, total sales were $319,000, total variable expenses were $248,820, and fixed expenses were $38,700. Required: 1. What is the company's contribution margin (CM) ratio? Contribution margin ratio % 2. Estimate the change in the company's net operating income if it were to increase its total sales by $2,300. Estimated change in net operating income
Last month when Holiday Creations, Inc., sold 37,000 units, total sales were $319,000, total variable expenses were $248,820, and fixed expenses were $38,700. Required: 1. What is the company's contribution margin (CM) ratio? Contribution margin ratio 2. Estimate the change in the company's net operating income if it were to increase its total sales by $2,300. Estimated change in net operating income
Last month when Holiday Creations, Inc., sold 43,000 units, total sales were $290,000, total variable expenses were $243,600, and fixed expenses were $35,800. Required: 1. What is the company's contribution margin (CM) ratio? Contribution margin ratio 2. Estimate the change in the company's net operating income if it were to increase its total sales by $1,900. Estimated change in net operating income
Last month when Holiday Creations, Inc., sold 39,000 units, total sales were $298,000, total variable expenses were $223,500, and fixed expenses were $35,400. Required: 1. What is the company's contribution margin (CM) ratio? 2. What is the estimated change in the company's net operating income if it can increase total sales by $1,800? (Do not round intermediate calculations.) Contribution margin ratio Estimated change in net operating income
Last month when Holiday Creations, Inc., sold 40,000 units, total sales were $291,000, total variable expenses were $224,070, and fixed expenses were $39,000. Required: 1. What is the company's contribution margin (CM) ratio? 2. What is the estimated change in the company's net operating income if it can increase total sales by $1,400? (Do not round intermediate calculations.) 1. Contribution margin ratio 2. Estimated change in net operating income
Most questions answered within 3 hours.
-
On January 1, 2021, the Allegheny Corporation purchased
equipment for $331,000. The estimated service life of...
asked 17 seconds ago -
The first-order reaction C4H8→2C2H4 has the reaction constant k
of 7.60×10−3 s−1. If the initial concentration...
asked 4 minutes ago -
A real object is located 20.6 cm from a diverg- ing lens of
focal length 38.5...
asked 5 minutes ago -
TRUE OR FALSE
When an investor uses futures in a market timing strategy, the
only objective...
asked 7 minutes ago -
1..Research the microorganisms listed below. List the full
taxonomy (phylum, class, order, family, genus, species) of...
asked 8 minutes ago -
Suppose the gold spot price is $300/oz., the 1-year forward
price is $310.686, and the continuously...
asked 14 minutes ago -
46.3 mL of a 0.0999 M solution of this acid (HOOC-(CH2)2-COOH)
is titrated to the equivalence...
asked 9 minutes ago -
What is the difference between steady-state and equilibrium? Be
sure to include three properties of each...
asked 11 minutes ago -
A super-roach Bob is moving at a constant speed in a circular
path on the frying...
asked 12 minutes ago -
The primary difference between a breccia and a conglomerate is
that the conglomerate has more rounded...
asked 12 minutes ago -
(Please its a request the answer should not be
copy-paste / Kindly don't attempt if you...
asked 19 minutes ago -
For the reaction: H2S(g) + 2H2O(l)3H2(g) + SO2(g) H° = 295 kJ
and S° = 295...
asked 22 minutes ago