Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 1 exercise 5-4 computing and using the cm ratio (l

1 Exercise 5-4 Computing and Using the CM Ratio (LO5-3) oints Last month when Holiday...

70.2K

Verified Solution

Question

Accounting

image
1 Exercise 5-4 Computing and Using the CM Ratio (LO5-3) oints Last month when Holiday Creations, Inc., sold 42,000 units, total sales were $304,000, total variable expenses were $215,840, and fixed expenses were $38,800. eBook 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 $1,900? (Do not round intermediate calculations.) Hint % 1. Contribution margin ratio 2. Estimated change in net operating income References

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Here are the answers for the previous part of this question, it has multiple parts (these...

Chemistry
Q

1.Make a descriptive essay of 5 paragraphs (1 introducing and thesis, 3 body and the 1...

Psychology
Q

What is the influence of the media on children? Do you think exposure to video games...

Psychology
Q

HOW 2 Determine the volume of a cone with a dia of 10 in and...

Geometry
Q

Write each power of 1+i in the form a + bi, where a and b...

Basic Math
Q

Which of the following would result in the widest confidence interval OA sample size of...

Statistics
Q

find the roots of a) Z^8 -16i=0b) Z^8 +16i=0

Algebra
Q

Travis operates a consulting business he uses his personal credit card for both business and...

Accounting
Q

Direct Materials Used, Cost of Goods Manufactured In March, Chilton Company purchased materials costing $25,000...

Accounting
Q

[The following information applies to the questions displayed below.] Emily Company uses a periodic inventory...

Accounting
Q

Which of the following is not a reason we would monitor the accounts of a...

Accounting
Q

You are working for a wealth management company. One of your customer requested to invest...

Finance