Last period Hartig Corporation sold 40,000 units, total sales were $303,000, total variable expenses were $227,250,...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Last period Hartig Corporation sold 40,000 units, total sales were $303,000, total variable expenses were $227,250, and fixed expenses were $35,000. Required: 1. What is the company's contribution margin (CM) ratio? 2. What is the estimated change in the company's net operating income if it can increase total sales by $3,000? (Do not round intermediate calculations.) 1. Contribution margin ratio 2. Estimated change in net operating income Last period Hartig Corporation sold 40,000 units, total sales were $303,000, total variable expenses were $227,250, and fixed expenses were $35,000. Required: 1. What is the company's contribution margin (CM) ratio? 2. What is the estimated change in the company's net operating income if it can increase total sales by $3,000? (Do not round intermediate calculations.) 1. Contribution margin ratio 2. Estimated change in net operating income
Expert Answer:
Answer rating: 100% (QA)
Solution contnibution Mongin natio veSnab le costs 1 J0lal sevenue 70tal sevenue 30300... View the full answer
Related Book For
Posted Date:
Students also viewed these accounting questions
-
Do not round intermediate calculation; however for display purposes report intermediate steps rounded to four significant figures, Give your final answer(s) so four significant figures. The small...
-
1 What is the project duration and what is the critical path? 2 The board were hoping to launch the new range in the next 9 months. From your analysis, could this be achieved? 3 Where would you...
-
1 What is the utopian value of Jims venture? Provide all details of your calculations. 2 What is the P/E multiple utopian value of Jims venture? Provide all details of your calculations. 3 What is...
-
We are given a number of darts. Suppose it is known that each time we throw a dart at a target, we have a probability of 1/4 of hitting the target. An experiment consists of throwing three darts at...
-
According to HowtoAdvice.com, the average price charged to a customer to have a 12' by 18' wall-to-wall carpet shampoo cleaned is about $50.Suppose that a start-up carpet-cleaning company believes...
-
A bar of dimensions 1.00 cm 2 200 cm and mass 2.00 kg is clamped at its center. When vibrating longitudinally, it emits its fundamental tone in unison with a tuning fork making 1000 vibration/s. How...
-
About 10% of workers (ages 16 years and older) in the United States commute to their jobs by carpooling. You randomly select eight workers. What is the probability that exactly four of them carpool...
-
Selection of most profitable product. Body-Builders, Inc., produces two basic types of weight- lifting equipment, Model 9 and Model 14. Pertinent data are as follows: The weight-lifting craze is such...
-
Topics and key terms have ranged from classical to contemporary and have included behavior, style, traits, job-centered,employee-centered, concern for people, concern for production, motivation,...
-
The following is the post-closing trial balance for Kennesaw Company, Inc (KCI), a merchandising company, at December 31, 2024. Account Title Cash Accounts Receivable Allowance for Uncollectible...
-
If two events A and B are independent and you know that P ( A ) = 0.70, what is the value of P ( A | B )?
-
At temperature \(T\), a balloon is partly inflated with an ideal gas to a volume of \(1.0 \mathrm{~L}\). The balloon is then put in a low-pressure container at the same temperature \(T\) and its...
-
Unproved property costs relative to the Williams lease were $40,000 at January 1, 2019. During 2019, $400,000 of drilling costs were incurred on the Williams lease. An 8%, $500,000 note is...
-
(a) Determine the composition of the liquid in equilibrium with a vapor containing 70 m o l % 70 m o l % benzene, 30 m o l % 30 m o l % toluene if the system exists in a vessel under a pressure of 2...
-
Ching and Ruthven (1985) found that the equilibrium of glucose on an ionexchange resin in the calcium form was linear for concentrations below 50 g / L 50 g / L . Their equilibrium expression at 303...
-
Subset the data set based on the location, day of the week, type of collision, and lighting condition. Compare these subsets of data to find interesting patterns. Can you identify any links between...
-
Review the following and rewrite, making improvements to the underlined bullet points based on the given feedback: Context: Price/Earnings Ratio 2019 2018 2017 Market Price 83.62 83.62 83.62 Earnings...
-
Identify the most stable compound:
-
How might a knowledge of the lifecycle of teams help the project manager?
-
How would the use of the balanced scorecard approach to project performance management help a project be successful?
-
What is the purpose of a benefits map? If it showed that a project was not, in fact, contributing to organizational benefits, what would you do?
-
Two different computer processors are compared by measuring the processing speed for different operations performed by computers using the two processors. If 12 measurements with the first processor...
-
With reference to Example 20, Chapter 7, construct a 95% confidence interval for the true standard deviation of the lead content. Data From Example 20 EXAMPLE 20 At test of a normal population mean...
-
With reference to Exercise 8.6, where we had \(n_{1}=\) \(40, n_{2}=30, s_{1}=15.2\), and \(s_{2}=18.7\), use the 0.05 level of significance to test the claim that there is a greater variability in...
Study smarter with the SolutionInn App