Business, 10.03.2020 04:30 ponylover9655
Engberg Company installs lawn sod in home yards. The company’s most recent monthly contribution format income statement follows: Amount Percent of Sales Sales $ 80,000 100 % Variable expenses 32,000 40 % Contribution margin 48,000 60 % Fixed expenses 38,000 Net operating income $ 10,000 Required: 1. What is the company’s degree of operating leverage? 2. Using the degree of operating leverage, estimate the impact on net operating income of a 5% increase in sales. 3. Construct a new contribution format income statement for the company assuming a 5% increase in sales.
Answers: 1
Business, 22.06.2019 22:10
jackie's snacks sells fudge, caramels, and popcorn. it sold 12,000 units last year. popcorn outsold fudge by a margin of 2 to 1. sales of caramels were the same as sales of popcorn. fixed costs for jackie's snacks are $14,000. additional information follows: product unit sales prices unit variable cost fudge $5.00 $4.00 caramels $8.00 $5.00 popcorn $6.00 $4.50 the breakeven sales volume in units for jackie's snacks is
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Business, 23.06.2019 02:30
Is will able to claim r.j. as a qualifying child for the earned income credit (eic)?
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Business, 23.06.2019 15:20
In the context of project management, what are time, people, money, and supplies examples of? a. projects b. facilities c. resources d. tasks
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Business, 23.06.2019 15:40
Select the correct answer. after the 2008 recession, the amount of reserves in the us banking system increased. because of federal reserve actions, required reserves increased from $44 billion to $60 billion. however, banks started holding more reserves than required. by january 2009, banks were holding $900 billion in excess reserves. the federal reserve started paying interest on the excess reserves that the banks held. what possible impact will these unused reserves have on the economy? a. the interest rate on loans will fall. b. people will demand more foreign goods. c. people will start borrowing more money. d. the economy will face inflation. e. foreign investments will increase.
Answers: 3
Engberg Company installs lawn sod in home yards. The company’s most recent monthly contribution form...
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