Question: **Plese show work and why it's correct** ASAP Return to question Manero Company included the following information in its annual report: Sales Cost of goods

**Plese show work and why it's correct** ASAP

**Plese show work and why it's correct** ASAP Return to question ManeroCompany included the following information in its annual report: Sales Cost of

Return to question Manero Company included the following information in its annual report: Sales Cost of goods sold Operating expenses Operating income 20x3 $ 178,400 115,000 50,000 13,400 20x2 $ 162,500 102,500 50,000 10,000 20x1 $ 155,500 100,000 45,000 10,500 In comparison to year 20X2, the increase in operating income of 20X3 was primarily caused by the effect of margin increase of (ignore taxes): In comparison to year 20X2, the increase in operating income of 20X3 was primarily caused by the effect of margin increase of (ignore taxes): Multiple Choice $978 O O $2,422, $2.422 X $3,400. O O $1,194

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Q:

Hartford Research issues bonds dated January 1, 2017, that pay interest semiannually on June 30 and December 31. The bonds have a $40,000 par value and an annual contract rate of 10%, and they mature...

Q:

Aaron, Deanne, and Keon formed the Blue Bell General Partnership at the beginning of the current year. Aaron and Deanne each contributed $109,000 and Keon transferred an acre of undeveloped land to...

Q:

1. Manero Company included the following information in its annual report: 20X3 20X2 20X1 Sales $ 178,400 $ 162,500 $ 155,500 Cost of goods sold 115,000 102,500 100,000 Operating expenses 50,000...

Q:

Manero Company included the following information in its annual report: 2019 2018 2017 Sales $ 178,400 $ 162,500 $ 155,500 Cost of goods sold 115,000 102,500 100,000 Operating expenses 50,000 50,000...

Q:

1. Manero Company included the following information in its annual report: 20X3 20X2 20X1 Sales $ 178,400 $ 162,500 $ 155,500 Cost of goods sold 115,000 102,500 100,000 Operating expenses 50,000...

Q:

Manero Company included the following information in its annual report: 2016 2015 2014 Sales $178,400 $162,500 $155,500 Cost of goods sold 115,000 102,500 100,000 Operating expenses 50,000 50,000...

Q:

Manero Company included the following information in its annual report: 2 0 X 3 2 0 X 2 2 0 X 1 Sales $ 1 7 8 , 4 0 0 $ 1 6 2 , 5 0 0 $ 1 5 5 , 5 0 0 Cost of goods sold 1 1 5 , 0 0 0 1 0 2 , 5 0 0 1...

Q:

In a trend income statement where 2014 is the base year, sales for 2016 are expressed as a. 87.2%. b. 100.0%. c. 114.7%. d. 148.7%. Manero Company included the following information in its annual...

Q:

Manero Company included the following information in its annual report: 2 0 X 3 2 0 X 2 2 0 X 1 Sales $ 1 7 8 , 4 0 0 $ 1 6 2 , 5 0 0 $ 1 5 5 , 5 0 0 Cost of goods sold 1 1 5 , 0 0 0 1 0 2 , 5 0 0 1...

Q:

TAD, Inc. uses the LIFO-lower of cost or market method to value inventory. If the inventory value is replacement cost, which one of the following statements is true? Multiple Choice Replacement cost...

Q:

Manero Company included the following information in its annual report 2018 2017 2016 Sales $188.400 $162,500 $150,500 Cost of goods sold 115,000 102,500 100,000 Operating expenses 50,000 50,000...

Q:

Acid-catalyzed dehydration of 2,2-dimethyl-1-hexanol gave a number of isomeric alkenes including 2-methyl-2-heptene as shown in the following formula. (a) Write a stepwise mechanism for the formation...

Q:

What are some of the attractive features of plasma arc welding?

Q:

Which of the following is NOT a goal of risk retention? A . To reduce expenses and improve cash flow B . To minimize the insured's level of liability in the event of loss C . To increase control of...

Q:

A company is preparing completing their Cash Budget. The following data has been prepared for cash receipts and payments. January February March Cash receipts $1,061,200 $1,182,400 $1,091,700 Cash...