Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. question 4- last month when holiday creations, inc

Question 4- Last month when Holiday Creations, Incorporated, sold 41,000 units, total sales were $164,000,...

80.2K

Verified Solution

Question

Accounting

Question 4- Last month when Holiday Creations, Incorporated, sold 41,000 units, total sales were $164,000, total variable expenses were $131,200, and fixed expenses were $37,100. 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 sales volume by 575 units and total sales by $2,300? (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

Finance
1.2K views

I am not sure where, to begin with, this problem... "You have found the following historical information for...

Psychology
1.2K views

Oppression can come in many different forms such as emotional and economic abuse. Did you find...

General Management
1.2K views

True or False: The UCC equivalent of a common law “option” is a “firm offer.”                            The “mirror image”...

Biology
1.2K views

a sarcolemma Ob sarcoplasm c sarcoplasmic reticulum Question 19 1 point Listen Which myofilament contains...

Physics
1.2K views

016 part 1 of 2 10 0 points Several light bulbs are connected in series...

Physics
1.2K views

Iwo spheres A and B of masses m and m2 respectively collide A is at...

Statistics
1.2K views

omly assigned to eat lunch either with computer game distraction or without distraction All ticipants...

Statistics
1.2K views

I 100 6 You are interested in est Arizona Suppose that ti

Accounting
1.2K views

Assume that the village would like a modest 2 kWh battery backup system, costing $500/kWh....

Accounting
1.2K views

Pol-ra but of 1 r Hieg question When used by sociologists, the term...

Finance
1.2K views

VE ON OF ER IMPACT Proposed Audit Adjustment Case--Castle Manufacturing Inc. to $400,000 per year...

Accounting
1.2K views

Plasto Corporation manufactures a variety of plastic products, including a series of molded chairs. The...