Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. youns inc. reported the following results from las

Youns Inc. reported the following results from last year's operations: Sales Variable expenses Contribution margin...

70.2K

Verified Solution

Question

Accounting

imageimageimageimage

Youns Inc. reported the following results from last year's operations: Sales Variable expenses Contribution margin Fixed expenses Net operating income $ 10,500,000 6,610,000 3,890,000 3,260,000 $ 630,000 The company's average operating assets were $5,000,000. At the beginning of this year, the company has a $1,400,000 investment opportunity that involves sales of $2,800,000, fixed expenses of $616,000, and a contribution margin ratio of 30% of sales. If the company pursues the investment opportunity and otherwise performs the same as last year, the combined turnover for the entire company will be closest to: Multiple Choice 9.50 1.64 2.66 2.08 Leete Inc. reported the following results from last year's operations: 8 Sales Variable expenses Contribution margin Fixed expenses Net operating income $ 14,000,000 9,660,000 4,340,000 2,940,000 $ 1,400,000 Last year's margin was closest to: Multiple Choice 79.0% 31.0% 20.0% 10.0%

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