Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. kip's kabobs has fixed costs of $80,000 and a cont

Kip's Kabobs has Fixed Costs of $80,000 and a contribution margin of $10/unit. In the...

70.2K

Verified Solution

Question

Accounting

Kip's Kabobs has Fixed Costs of $80,000 and a contribution margin of $10/unit. In the current period, Kip sells 11,500 units for $100/unit.

What is Kip Kabobs' pre-tax net income?

Group of answer choices

115,000

720,000

80,000

35,000

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

Geometry
1.2K views

Choose all of the statements that correctly define the geometric term A Lines that never...

Chemistry
1.2K views

What is the differnce between linear synthesis and convergent synthesis? Why is convergent synthesis in general...

General Management
1.2K views

Select a company with which you are familiar. Discuss how you think it uses a balanced...

Biology
1.2K views

President Obama a summarily ended Bush s bailout of the largest banks as unfair to...

Basic Math
1.2K views

Find the exact value of each expression if it is defined a tan 1 b...

Calculus
1.2K views

Determine the following f4e 4e 0 4x 0 4x dx dx Type an exact answer

Calculus
1.2K views

1 sin x 2 Find the equivalent for the trig identity expression cotx a cos...

Calculus
1.2K views

At the end of every 3 months Mayan deposits 200 into an account that pays...

Accounting
1.2K views

Inventory records for ABC Company revealed the following: Date Transaction Number of Units Unit...

Accounting
1.2K views

Write the Debits and Credits of Transactions On January 31, Overnight recorded auto repair...

Accounting
1.2K views

Record entries for each of the following separate issuances of stock. Issued 300 shares of...

Accounting
1.2K views

Required Information Problem 9-1A Record and analyze installment notes (LO9-2) [The following information applies to...