Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. last month when holiday creations, inc., sold 39,0

Last month when Holiday Creations, Inc., sold 39,000 units, total sales were $296,000, total variable...

80.2K

Verified Solution

Question

Accounting

Last month when Holiday Creations, Inc., sold 39,000 units, total sales were $296,000, total variable expenses were $248,640, and fixed expenses were $37,300.

Required:

1. What is the companys contribution margin (CM) ratio?

2. What is the estimated change in the companys net operating income if it can increase total sales by $1,800? (Do not round intermediate calculations.)

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

Medical Sciences
1.2K views

Mr. Macho. He is sitting at the bar with his friends. He is the sole surviving...

Chemistry
1.2K views

Flame-retardant fabrics often have ________ atoms incorporated into the fabric's fibers. a) N or Cl b) N or...

Physics
1.2K views

a If gold were sold by weight would you rather buy it in Denver or...

Basic Math
1.2K views

A cylindrical water tank used in lifting water to the top of a tower is...

Calculus
1.2K views

A 0 6 2 0 1 3 0 A B a Find A21 b Simplify...

Algebra
1.2K views

What are the intercepts of the equation? Choose all that apply.-3x + 4y = -...

Accounting
1.2K views

Part 2 of 2 2 Required information Problem 23.45 (LO 23-3) (Algo) The following informations...

Accounting
1.2K views

How would I determine the following Cost of Equity Capital factors for a company for...

Accounting
1.2K views

Sal's Sunglass Hut Consider the following sensitivity report for Sal's Sunglass Hut, which makes two...

Finance
1.2K views

Please answer the Part 3 and fill the green cell with excel formula. ...

Accounting
1.2K views

In 2 years a bond woth 3% annual interest rate earned 936 as interest what...

Finance
1.2K views

Tinney & Smyth Inc. is considering the purchase of a new batch polymer-bonding machine for...