Warrix Corporation has provided the following contribution format income statement. Assume that the following information is within the relevant range.
Sales (3,000 units) $ 120,000
Variable expenses 90,000
Contribution margin 30,000
Fixed expenses 27,000
Net operating income $ 3,000
If sales increase to 3,020 units, the increase in net operating income would be closest to:
a. $800.00
b. $20.00
c. $600.00
d. $200.00
Answers: 3
Business, 22.06.2019 03:00, rafa3997
Fanning books buys books and magazines directly from publishers and distributes them to grocery stores. the wholesaler expects to purchase the following inventory: april may june required purchases (on account) $ 111,000 $ 131,000 $ 143,000 fanning books accountant prepared the following schedule of cash payments for inventory purchases. fanning books suppliers require that 85 percent of purchases on account be paid in the month of purchase; the remaining 15 percent are paid in the month following the month of purchase. required complete the schedule of cash payments for inventory purchases by filling in the missing amounts. determine the amount of accounts payable the company will report on its pro forma balance sheet at the end of the second quarter.
Answers: 2
Business, 22.06.2019 11:00, PastyMexican24
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Business, 22.06.2019 21:20, hailiemanuel3461
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Answers: 2
Business, 22.06.2019 21:30, marlenerojas201
Which of the following is one of the five fundamental questions? which products will be in scarce supply and which in excess supply? who should appoint the head of the central bank? how much should society save? correct what goods and services will be produced?
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Warrix Corporation has provided the following contribution format income statement. Assume that the...
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