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 42000 units, total sales were $168,000, total variable...

90.2K

Verified Solution

Question

Accounting

image
Last month when Holiday Creations, Incorporated, sold 42000 units, total sales were $168,000, total variable expenses were $129,360, and fixed expenses were $35,700 Required: 1. What is the company's contribution margin (CM) rato? 2 What is the estimated change in the company's net operating Income if I can increase sales volume by 675 unts and total sales by $2700? (Do not round Intermediate calculations.) % 1. Contribution margin ratio 2. Estimated change in net operating income 1

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

Research Problem 2. Your client, John Butler, is an avid HoustonAstros fan. Last March...

Medical Sciences
1.2K views

• Describe the embryonic development of the male and female reproductive systems

Basic Math
1.2K views

A professor's commute is normally distributed with a mean of 40 minutes and a standard deviation...

Biology
1.2K views

Some years ago, the CDC noticed a puzzling trend: Reported cases of salmonellosis seemed to...

Physics
1.2K views

View In English The half life of a radioactive isotope X is 25 years It...

Accounting
1.2K views

pha-Tech, a rapidly grawing distribubor of electronic components, is fornulating its plans for...

Accounting
1.2K views

1-how much of the scholarship must ash include in income? explain your answer. 2-ash is...

Accounting
1.2K views

Please answer a,b and c and show working and explanation. Thank you!! Part I...

Accounting
1.2K views

Peacock, Inc. sells 2,100 kayaks per year at a sales price of $500 per unit....

Accounting
1.2K views

Prepare entries to record the operations summarized above. (Credit account titles are automatically indented when...

Accounting
1.2K views

Thomson Corporation owns 70 percent of the outstanding stock of Stayer, Incorporated. On January 1,...

Finance
1.2K views

Suppose that call options on ExxonMobil stock with time to expiration 3 months and strike...