Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. last month when holiday creations, incorporated, s

last month when holiday creations, incorporated, sold 37,000 units, total sales were $148,000, total variable...

60.1K

Verified Solution

Question

Accounting

Last month when Holiday Creations, Incorporated, sold 37,000 units, total sales were $148,000, total variable expenses were $119,880, and fixed expenses were $38,900. Required: What is the companys contribution margin (CM) ratio? What is the estimated change in the companys net operating income if it can increase sales volume by 500 units and total sales by $2,000

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

Finance
1.2K views

Stephenson Real Estate Company was founded 25 years ago by the current CEO, Robert Stephenson. The...

Biology
1.2K views

capillaries and aveoli both have similar walls. How is the structure of each related to a...

Electrical Engineering
1.2K views

Key reaources for IR WIRELESS CHARGING

Biology
1.2K views

Which of the following structures are used by some bacteria as they transfer DNA between...

Physics
1.2K views

An insulating ring of charge 2 b radius b is concentric with a charged conducting...

Basic Math
1.2K views

For the given confidence level and values of x and 7 find the following x...

Statistics
1.2K views

The brand manager for a brand of toothpaste must plan a campaign designed to increase...

Accounting
1.2K views

In response to intensive foreign competition, the management of Florex Company has attempted...

Accounting
1.2K views

Purchase-Related Transactions Journalize entries for the following related transactions of Lilly Heating \& Air Company:...

Accounting
1.2K views

Under the accrual method of accounting, revenue is reported on the Balance Sheet during the...

Accounting
1.2K views

The statement of cash flow explains the difference between the beginning and the ending balances...

Finance
1.2K views

The return on stock A is .06 if the economy is good and it is...