Homework Answers
Solution:-
Correct Answer:
Option: (C) $34,400.00
Working:
|
Sales revenue |
$ 134,000.00 |
|
|
Less: variable cost (40% of sales revenue) |
$ 53,600.00 |
|
|
Less: Fixed cost |
$ 46,000.00 |
|
|
Total cost |
$ 99,600.00 |
|
|
Net operating income |
$ 34,400.00 |
Variable cost = 100% - 60% of sales revenue
= 40% of sales revenue
Hence Option C will be right answer and Option A,B,D are wrong.
Please give a thumbs-up, it will be highly appreciated.
Thank You !!
Add Answer to:
Subm 5 Jilk Inc's contribution margin ratio is 60% and its fixed monthly expenses are $46,000....
Jilk Inc.'s contribution margin ratio is 60% and its fixed monthly expenses are $42.500. Assuming that the fixed mo...
Jilk Inc.'s contribution margin ratio is 60% and its fixed monthly expenses are $42.500. Assuming that the fixed monthly expenses do not change, what is the best estimate of the company's net operating income in a month when sales are $127.000? Mumple Choice оооо О ВА 500
Jilk Inc.'s contribution margin ratio is 60% and its fixed monthly expenses are $51,000. Assuming that...
Jilk Inc.'s contribution margin ratio is 60% and its fixed monthly expenses are $51,000. Assuming that the fixed monthly expenses do not change, what is the best estimate of the company's net operating Income in a month when sales are $144,000? Multiple Choice Ο Ο 586,400 Ο Ο 58, Ο 535,400 Ο Ο $93,000 Serfass Corporation's contribution format Income statement for July appears below. Sales $369,000 Variable expenses 147, 600 Contribution margin 221,400 Fixed expenses 55, 350 Net operating income...
Jilk Inc.'s contribution margin ratio is 60% and its fixed monthly expenses are $42,500. Assuming that...
Jilk Inc.'s contribution margin ratio is 60% and its fixed monthly expenses are $42,500. Assuming that the fixed monthly expenses do not change, what is the best estimate of the company's net operating income in a month when sales are $127,000? Escareno Corporation has provided its contribution format income statement for June. The company produces and sells a single product. Sales (8,400 units) Variable expenses Contribution margin Fixed expenses Net operating income $764,400 445,200 319,200 250,900 $ 68,300 If the...
Jilk Inc.'s contribution margin ratio is 62% and its fixed monthly expenses are $49,000. Assuming that...
Jilk Inc.'s contribution margin ratio is 62% and its fixed monthly expenses are $49,000. Assuming that the fixed monthly expenses do not change, what is the best estimate of the company's net operating income in a month when sales are $140,000?
APTERS 5 AND 6 6 Help Save & Exit Submit Jilk Inc.'s contribution margin ratio is 61% and its fixed monthly exp...
APTERS 5 AND 6 6 Help Save & Exit Submit Jilk Inc.'s contribution margin ratio is 61% and its fixed monthly expenses are $48,500. Assuming that the fixed monthly expenses do not change, what is the best estimate of the company's net operating income in a month when sales are $139,000? Multiple Choice Ο Ο Ο 536.290 Ο $90,500
12. Bumpass Corporation's contribution margin ratio is 77% and its fixed monthly expenses are $ 46,000....
12. Bumpass Corporation's contribution margin ratio is 77% and its fixed monthly expenses are $ 46,000. Assume that the company's sales for May are expected to be $ 105,000. Required: Estimate the company's net operating income for May, assuming that the fixed monthly expenses do not change. (Omit the "$" sign in your response.) Net operating income $
Creswell Corporation's fixed monthly expenses are $29,000 and its contribution margin ratio is 56%. Assuming that...
Creswell Corporation's fixed monthly expenses are $29,000 and its contribution margin ratio is 56%. Assuming that the fixed monthly expenses do not change, what is the best estimate of the company's net operating income in a month when sales are $95,000? Multiple Choice $12,800 $53,200 $24.200 $66,000
Creswell Corporation's fixed monthly expenses are $23,000 and its contribution margin ratio is 63%. Assuming that...
Creswell Corporation's fixed monthly expenses are $23,000 and its contribution margin ratio is 63%. Assuming that the fixed monthly expenses do not change, what is the best estimate of the company's net operating income in a month when sales are S78,000? Multiple Choice Ο $26,140 Ο $49,140 Ο $55,000 Ο $5,860
Gayne Corporation's contribution margin ratio is 16% and its fixed monthly expenses are $45,500. If the...
Gayne Corporation's contribution margin ratio is 16% and its fixed monthly expenses are $45,500. If the company's sales for a month are $302,000, what is the best estimate of the company's net operating income? Assume that the fixed monthly expenses do not change. Multiple Choice Ο $208,180 Ο $2,820 Ο S48,320 Ο $256,500
Gayne Corporation's contribution margin ratio is 16% and its fixed monthly expenses are $47,000. If the...
Gayne Corporation's contribution margin ratio is 16% and its fixed monthly expenses are $47,000. If the company's sales for a month are $305,000, what is the best estimate of the company's net operating income? Assume that the fixed monthly expenses do not change. Multiple Choice Ο Ο $209,200 Ο Ο $1,800 Ο $258,000 Ο S48,800
Jilk Inc.'s contribution margin ratio is 60% and its fixed monthly expenses are $42.500. Assuming that the fixed monthly expenses do not change, what is the best estimate of the company's net operating income in a month when sales are $127.000? Mumple Choice оооо О ВА 500
Jilk Inc.'s contribution margin ratio is 60% and its fixed monthly expenses are $51,000. Assuming that the fixed monthly expenses do not change, what is the best estimate of the company's net operating Income in a month when sales are $144,000? Multiple Choice Ο Ο 586,400 Ο Ο 58, Ο 535,400 Ο Ο $93,000 Serfass Corporation's contribution format Income statement for July appears below. Sales $369,000 Variable expenses 147, 600 Contribution margin 221,400 Fixed expenses 55, 350 Net operating income...
Jilk Inc.'s contribution margin ratio is 60% and its fixed monthly expenses are $42,500. Assuming that the fixed monthly expenses do not change, what is the best estimate of the company's net operating income in a month when sales are $127,000? Escareno Corporation has provided its contribution format income statement for June. The company produces and sells a single product. Sales (8,400 units) Variable expenses Contribution margin Fixed expenses Net operating income $764,400 445,200 319,200 250,900 $ 68,300 If the...
Jilk Inc.'s contribution margin ratio is 62% and its fixed monthly expenses are $49,000. Assuming that the fixed monthly expenses do not change, what is the best estimate of the company's net operating income in a month when sales are $140,000?
APTERS 5 AND 6 6 Help Save & Exit Submit Jilk Inc.'s contribution margin ratio is 61% and its fixed monthly expenses are $48,500. Assuming that the fixed monthly expenses do not change, what is the best estimate of the company's net operating income in a month when sales are $139,000? Multiple Choice Ο Ο Ο 536.290 Ο $90,500
Creswell Corporation's fixed monthly expenses are $29,000 and its contribution margin ratio is 56%. Assuming that the fixed monthly expenses do not change, what is the best estimate of the company's net operating income in a month when sales are $95,000? Multiple Choice $12,800 $53,200 $24.200 $66,000
Creswell Corporation's fixed monthly expenses are $23,000 and its contribution margin ratio is 63%. Assuming that the fixed monthly expenses do not change, what is the best estimate of the company's net operating income in a month when sales are S78,000? Multiple Choice Ο $26,140 Ο $49,140 Ο $55,000 Ο $5,860
Gayne Corporation's contribution margin ratio is 16% and its fixed monthly expenses are $45,500. If the company's sales for a month are $302,000, what is the best estimate of the company's net operating income? Assume that the fixed monthly expenses do not change. Multiple Choice Ο $208,180 Ο $2,820 Ο S48,320 Ο $256,500
Gayne Corporation's contribution margin ratio is 16% and its fixed monthly expenses are $47,000. If the company's sales for a month are $305,000, what is the best estimate of the company's net operating income? Assume that the fixed monthly expenses do not change. Multiple Choice Ο Ο $209,200 Ο Ο $1,800 Ο $258,000 Ο S48,800
Most questions answered within 3 hours.
-
The Cost of Equity and
Flotation Costs
Messman Manufacturing
will issue common stock to the public...
asked 1 minute ago -
a) summarize the challenges facing New Britain today
b) identify some of its strengths
c) suggest...
asked 3 minutes ago -
**86 at 40 not 88. please show how got Tr in calculations thank
you
2) The...
asked 4 minutes ago -
McGlaun Company pays its employees every two weeks. The firm
last paid its employees on September...
asked 17 minutes ago -
You have been gifted a Mogwai as a pet and decide to do a little
online...
asked 22 minutes ago -
given the standard of 200 mg/dl and the absorbance of that
standard is 0.640. What is...
asked 25 minutes ago -
Exercise 8-51 Algo
An accounting professor is notorious for being stingy in giving
out good letter...
asked 33 minutes ago -
month
total distribution cost
level of activity (unit produced)
july
230.000
3500
august
250.000
3750
september...
asked 34 minutes ago -
A smoke detector system uses two devices, A and B. If smoke is
present, the probability...
asked 1 hour ago -
Your division head has assigned another important project to you
and your team. This project is...
asked 46 minutes ago -
Under normal use conditions, the Mean Time To Failure of a
heating coil can be modeled...
asked 1 hour ago -
Consider the probability that fewer than 34 out of 116 CDs will
be defective. Assume the...
asked 1 hour ago