Homework Answers
Answer -
| Particulars | Explanation | ||
| 1. | Contribution margin ratio | Refer working note - (1) | 28% |
| 2. | Estimated change in net operating income |
Change in total sales * Contribution margin ratio = $2800 * 28% |
$784 |
# Working note - (1) - Contribution margin ratio -
| Particulars | Explanation | ||
| I. | Total sales | Given in question | $297000 |
| II. | Total variable expenses | Given in question | $213840 |
| III. | Total contribution margin | I - II | $83160 |
| Contribution margin ratio | III / I | 28% | |
Add Answer to:
Last month when Holiday Creations, Inc., sold 44,000 units, total sales were $297,000, total variable expenses...
Last month when Holiday Creations, Inc., sold 44,000 units, total sales were $297,000, total variable expenses...
Last month when Holiday Creations, Inc., sold 44,000 units, total sales were $297,000, total variable expenses were $213,840, and fixed expenses were $35,700. 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 $2,800? (Do not round intermediate calculations.) 1. Contribution margin ratio 2. Estimated change in net operating income
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 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 44,000 units, total sales were $295,000, total variable expenses...
Last month when Holiday Creations, Inc., sold 44,000 units, total sales were $295,000, total variable expenses were $250,750, and fixed expenses were $36,300. 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 $1,500? (Do not round Intermediate calculations.) 1. Contribution margin ratio 2 Estimated change in net operating income
Last month when Holiday Creations, Inc., sold 44,000 units, total sales were $287.000 total variable expenses...
Last month when Holiday Creations, Inc., sold 44,000 units, total sales were $287.000 total variable expenses were $241,080, and fixed expenses were $36,500 points 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 $1,2007 (Do not round Intermediate calculations.) (9 352 1. Contribution margin ratio 2. Estimated change in net operating income
Last month when Holiday Creations, Inc., sold 44,000 units, total sales were $314,000, total variable expenses...
Last month when Holiday Creations, Inc., sold 44,000 units, total sales were $314,000, total variable expenses were $260,620, and fixed expenses were $37,600. 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 $2,000? (Do not round intermediate calculations.)
Last month when Holiday Creations, Inc., sold 44,000 units, total sales were $282,000, total variable expenses...
Last month when Holiday Creations, Inc., sold 44,000 units, total sales were $282,000, total variable expenses were $203,040, and fixed expenses were $37,300. 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 $2,400? (Do not round intermediate calculations.)
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 45,000 units, total sales were $298,000, total variable expenses...
Last month when Holiday Creations, Inc., sold 45,000 units, total sales were $298,000, total variable expenses were $223,500, and fixed expenses were $39,800 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 $1,100? (Do not round intermediate calculations.) 1. Contribution margin ratio 2. Estimated change in net operating income
Last month when Holiday Creations, Inc., sold 44,000 units, total sales were $297,000, total variable expenses were $213,840, and fixed expenses were $35,700. 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 $2,800? (Do not round intermediate calculations.) 1. Contribution margin ratio 2. Estimated change in net operating income
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 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 44,000 units, total sales were $295,000, total variable expenses were $250,750, and fixed expenses were $36,300. 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 $1,500? (Do not round Intermediate calculations.) 1. Contribution margin ratio 2 Estimated change in net operating income
Last month when Holiday Creations, Inc., sold 44,000 units, total sales were $287.000 total variable expenses were $241,080, and fixed expenses were $36,500 points 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 $1,2007 (Do not round Intermediate calculations.) (9 352 1. Contribution margin ratio 2. 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
Last month when Holiday Creations, Inc., sold 45,000 units, total sales were $298,000, total variable expenses were $223,500, and fixed expenses were $39,800 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 $1,100? (Do not round intermediate calculations.) 1. Contribution margin ratio 2. Estimated change in net operating income
Most questions answered within 3 hours.
-
Lowell Corp. sells $100,000 of bonds to private investors. The
bonds are due in five years,...
asked 36 minutes ago -
3) Do you believe that Disney’s
acquisition-based growth strategy is sustainable?
4) Which competencies support this...
asked 52 minutes ago -
Rank the following three stocks by their total risk level highest
to lowest night writer has...
asked 1 hour ago -
A local
electronic company primarily manufactures four highly technical
telecommunication products. Each product must be processed...
asked 2 hours ago -
•Describe the basic structure of collagen monomers •Explain how
amino acid composition of collagen contributes to...
asked 4 hours ago -
Compute the sample correlation coefficient
r for each of the following data sets.
(Use 3 decimal...
asked 4 hours ago -
5a. What are the advantages and disadvantages of Proxy ARP?
b. What is the TTL field...
asked 4 hours ago -
An ice cube (density = 900[kg/m3]) with a side length of
2.54[cm] is held by a...
asked 6 hours ago -
would you say that leaders in the international context are born
or made? That is, can...
asked 6 hours ago -
Instructions
Read the Digital Trends article "Solid state drives are speedier
than hard disk drives. Are...
asked 6 hours ago -
A multiple-choice test consists of 29 questions with possible
answers of a, b, c, d. Estimate...
asked 6 hours ago -
Question 1: Ethanol is the active ingredient of alcoholic
beverages. It is also s a possible...
asked 6 hours ago