Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. last month when holiday creations, inc. sold 37,00

Last month when Holiday Creations, Inc. sold 37,000 units, total sales were $305,000, total variable...

70.2K

Verified Solution

Question

Accounting

Last month when Holiday Creations, Inc. sold 37,000 units, total sales were $305,000, total variable expenses were $259,250, and fixed expenses were $36,100.

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 $1,200.

I got the answer for 1 having trouble with 2.

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

Accounting
1.2K views

On June 30, 2018, Georgia-Atlantic, Inc., leased warehouse equipment from IC Leasing Corporation. The lease agreement...

Biology
1.2K views

In cellular respiration, the energy begins in glucose. Glucose is then converted to other molecules and...

Biology
1.2K views

1. Why do bacteriophage usually include complex structural features compared to viruses found in humans? a. Bacteria...

Physics
1.2K views

A 10-cm-long thin glass rod uniformly charged to 15.0 nC and a 10-cm-long thin plastic rod...

Psychology
1.2K views

In 250 to 500 words, describe the most interesting area of counseling (i.e., treatment, research, teaching,...

Algebra
1.2K views

10 Evaluate 4 x 4x 4x2x2x 2x 2 O 1024 O 1062 O 1024 OC...

Accounting
1.2K views

Hello - I need assistance with the below. Here is the assignment : ** I...

Accounting
1.2K views

what is real property

Accounting
1.2K views

Concord Ltd. issued five-year...

Accounting
1.2K views

REVIEW PROBLEM Breakeven/Profit Planning Analysis Instrument City, Inc., is a major producer of pipe organs....

Accounting
1.2K views

Blue Cab Company had 62,000 shares of common stock outstanding on January 1,2024. On April...

Accounting
1.2K views

MCO Leather manufactures leather purses. Each purse requires 2 pounds of direct materials at a...