Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a manufacturer reports the following for the year:

A manufacturer reports the following for the year: 2,000 units sold at $50 per...

90.2K

Verified Solution

Question

Accounting

A manufacturer reports the following for the year:

2,000 units sold at $50 per unit

.40 variable cost ratio

$25,000 fixed costs

.30 income tax rate

Determine net income for the year.

a.

10,500

b.

15,000

c.

24,500

d.

35,000

e.

60,000

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

Statistics
1.2K views

A particular event has a probability of occurrence of p=0.65. Given 12 independent trials, draw the...

Biology
1.2K views

Explain/Breakdown the Chemotaxis response mechanism and their role in flagella movement and regulation. Bacterial Motility(Motor) Kit Please...

Psychology
1.2K views

5. Explain Mitzvah and its importance in Judaism.

Biology
1.2K views

Which of these describes the genetic material of cells produced by mitosis Select all that...

Basic Math
1.2K views

Consider a variable r where r represents the whole numbers from 1 to 15 Stated...

Statistics
1.2K views

The random variable x represents the number of phone calls an author receives in a...

Calculus
1.2K views

The following tubes are used for me tine collections Specialty tubes are obtained from lab...

Algebra
1.2K views

Question 1 of 7 Step 1 of 1 Four scenarios of statistical studies are given...

Algebra
1.2K views

Use the function f x As X 00 y 2 X 3 2 to determine...

Accounting
1.2K views

SESSION DATE SEPTEMBER 15,2024 Cheque Purchase Invoice #PFU-9328...

Accounting
1.2K views

Evelyn Corporation purchased a delivery truck on June 10th of 2020 for $100,000 which will...

Finance
1.2K views

QUESTION 15 Your portiolio is invested 2ak each in stock NOTE: Enter the PERCENTAGE number...