Combs, Inc. reports the following information for September sales: 1. Sales $15,000 2. Variable costs 3,000 3.
Question:
1. Sales $15,000
2. Variable costs 3,000
3. Fixed costs 4,000
4. Operating income $ 8,000
Required:
If sales double in October, what is the projected operating income?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 80% (15 reviews)
If sales double in October projected operating income is 20000 Statement s...View the full answer
Answered By
Fahmin Arakkal
Tutoring and Contributing expert question and answers to teachers and students.
Primarily oversees the Heat and Mass Transfer contents presented on websites and blogs.
Responsible for Creating, Editing, Updating all contents related Chemical Engineering in
latex language
4.40+
8+ Reviews
22+ Question Solved
Related Book For
Financial Accounting and Reporting a Global Perspective
ISBN: 978-1408076866
4th edition
Authors: Michel Lebas, Herve Stolowy, Yuan Ding
Question Posted:
Students also viewed these Managerial Accounting questions
-
Myers & Associates reports the following information on its December 31, 2009, balance sheet: Trading securities (at cost) . . . . . . . . . . . . . . . . . . . . . . . . . $225,850 Less: Market...
-
Odessa, Inc., reports the following information concerning operations for the most recent month: There are no inventories. Required Prepare a flexible budget for Odessa, Inc. Actual (based on actual...
-
The Wright Company reports the following information for the year ended December 31, 2007: Pretax income from continuing operations ...........$160,000a Pretax gain from sale of investment...
-
Sketch the six graphs of the x- and y-components of position, velocity, and acceleration versus time for projectile motion with x 0 = y 0 = 0 and 0 < 0 < 90.
-
The current in an electromagnet connected to a 240-V line is 17.5 A. At what rate must cooling water pass over the coils if the water temperature is to rise by no more than 7.50Co?
-
Discuss the process of kernel configuration and customization to tailor the operating system to specific hardware requirements and use cases. What considerations should be taken into account when...
-
How does the addition of inert gases affect the degree of conversion of a chemical reaction?
-
Blossom, Inc., is a small company that manufactures three versions of patio tables. Unit information for its products follows: Blossom has determined that it can sell a limited number of each table...
-
An examination of customers accounts shows that accounts totaling $ 6 7 9 should be written off as uncollectible. Using an aging of receivables, the company determines that the ending balance of the...
-
Canyon City Co. uses a job order costing system that combines actual direct material and actual direct labor costs with a predetermined overhead charge based on machine hours. Expected overhead and...
-
Road construction contracts in the state of Florida Are awarded on the basis of competitive, sealed bids; the contractor who submits the lowest bid price wins the contract. During the 1980s, the...
-
Given what you have read about institutional theory, comment on the quote from William Inga, former dean of St. Paul's, London: "Every institution not only carries with it the seeds of its own...
-
Convert mixed numbers to improper fractions, and improper fractions to mixed numbers. 31/4
-
A high-energy physicist measures the time between collisions of atoms in a fluid. The time is 27 fs. What is the time in seconds? Write your answer in scientific notation. A 0. X S
-
Risk assessment is determined by looking at the probability of a threat materializing and the impact of this threat. Are medium airports' challenges based in part on the probability of threats to...
-
Answer questions 1&2 at the bottom in on wrds, no plagrsm. Answer fully and elaborate U.S. Water Resource Agency - Flagstaff Districti The Flagstaff District (FD) is one of 41 districts within the...
-
One of the issues encountered in the hospitality industry is overbooking. If you have experienced such incident, I guess you were not really happy about it. Check and read this article entitled...
-
Farmer's and Sons Limited (FSL) manufactures leather shoes for several prominent shoe stores in Jamaica. In the last year, the company has been experiencing significant absenteeism across several...
-
Brewer Corporation estimated its quarterly break-even sales for 2017 to be 45,800 units, priced at $38 each. Its actual sales for the year amounted to $7,752,000 and actual quarterly fixed expenses...
-
Teasdale Inc. manufactures and sells commercial and residential security equipment. The comparative unclassified balance sheets for December 31, 2015 and 2014 are provided below. Selected missing...
-
Where, if at all, should the following items be classified on a balance sheet? (a) Goods out on approval to customers. (b) Goods in transit that were recently purchased f.o.b. destination. (c) Land...
-
Where, if at all, should the following items be classified on a balance sheet? (a) Goods out on approval to customers. (b) Goods in transit that were recently purchased f.o.b. destination. (c) Land...
-
Where, if at all, should the following items be classified on a balance sheet? (a) Goods out on approval to customers. (b) Goods in transit that were recently purchased f.o.b. destination. (c) Land...
-
What is the worst case running time of the following sudo codes, in 0- notation? Suppose that all arithmetic operations (including simple multiplication) take a constant amount of time. Justify your...
-
4. Let G be a pseudorandom generator with expansion factor (n) > 2n. In each of the following cases, say whether G' is necessarily a pseudorandom generator and explain why or why not. Here, "||...
-
Write the code for the del () method in the following doubly linked list class public class ObjDList { private Obj Node list; private Obj Node tail; public ObjDList() { list = null; tail = null; }...
Study smarter with the SolutionInn App