Estimate of the company net operating income in month

Assignment Help Financial Accounting
Reference no: EM131263387

Bolding Inc.'s contribution margin ratio is 60% and its fixed monthly expenses are $49,500. Assuming that the fixed monthly expenses do not change, what is the best estimate of the company's net operating income in a month when sales are $141,000?

$91,500

$35,100

$84,600

$6,900

Reference no: EM131263387

Questions Cloud

Peggy to the homecoming dance : Robin is planning to ask Peggy to the Homecoming dance. Before he asks her, he wants to know what the chances are that she'll say yes. Robin is a scientist so he considers two paths to estimate the probability that Peggy will say yes.
What is the amount of amys qualifying medical expense : Amy fell on the ice and injured her hip this winter. As a result she paid $3,000 for a visit to the hospital emergency room and $750 for follow-up visits with her doctor. While she recuperated, Amy paid $500 for prescription medicine and $600 to a th..
Draft an instant message corporate usage policy : Draft an instant message corporate usage policy that will encourage the use of IM and provide useful guidance to avoid potential problems.
Compare formal and informal channels of communication : Compare formal and informal channels of communication within organizations. - Which is more valuable to employees?
Estimate of the company net operating income in month : Bolding Inc.'s contribution margin ratio is 60% and its fixed monthly expenses are $49,500. Assuming that the fixed monthly expenses do not change, what is the best estimate of the company's net operating income in a month when sales are $141,000?
Quantity demanded per period of time : The market demand equation for a pair of Wrangler Jeans is Q = 840 - 0.50P, where Q = quantity demanded per period of time and P = price of Jeans in dollars.
Contrast the population-based orientation of public health : Contrast the population-based orientation of public health with the individual-centered focus of private health practitioners. Provide two examples.
Explain how situational crime prevention is utilized : In an essay, explain how situational crime prevention is utilized in reducing crime. In your discussion, please provide one example of a situational crime prevention measure and explain whether drug, violent, or property crimes are better suited t..
Micro economics-perfect competition : Your t-shirt company operates in a perfectly competitive market. It is currently producing at an output level of 200 units per month. Fixed Costs are $500/month. At the current output level you know that marginal cost is $10 and equals the Average..

Reviews

Write a Review

Financial Accounting Questions & Answers

  Contribute to a roth ira

Michael is single and 35 years old. He is a participant in his employer’s sponsored retirement plan. How much can Michael contribute to a Roth IRA in each of the following alternative situations?

  Compute the largest depreciation deduction

LB Corporation purchased a business car in June 2015 for $42,000. The car weighs 4,000 pounds and will be used 100 percent of the time in the business. Compute the largest depreciation deduction possible in 2015. No other property purchases were made..

  Purpose a direct materials budget for the seasoning

Purpose a direct materials budget for the seasoning, by month an in total for the second quarter. Be sure to include both the quantity to be purchased and its cost for each month.

  Determine the adjusted balances of accounts receivable

Analysis of All money claims against other entities, including people, business firms, and other organizations. Determine the amount of the adjusting entry for uncollectible accounts. Determine the adjusted balances of Accounts Receivable, Allowance ..

  LIFO methods of accounting for inventory

Compute the company’s cost of goods sold and inventory balances for fiscal 2013 assuming the company used a) FIFO and b) LIFO methods of accounting for inventory:

  Management intends to include the investment in short-term

Fuzzy Monkey Technologies, Inc., purchased as a short-term investment $100 million of 8% bonds, dated January 1, on January 1, 2013. Management intends to include the investment in a short-term, active trading portfolio. Prepare the journal entry to ..

  Calculate the costs transferred out of each department

Sabor Company produces 18-ounce boxes of an oat cereal. Calculate costs transferred out of each department. Prepare journal entries that reflect these cost transfers.

  If the only data available is that the beta of a stock is

if the only data available is that the beta of a stock is 1.4 what is the likely return on an investment in this stock

  None of the bonds was converted or redeemed

In 2013, Chirac Enterprises issued, at par, 75 $1,070, 7% bonds, each convertible into 110 shares of common stock. Chirac had revenues of $20,900 and expenses other than interest and taxes of $9,450 for 2014. Compute diluted earnings per share for 20..

  Cash equal to the present value of the payments

Pay $420 per month for 9 months and an additional $11,500 at the end of 9 months. The dealer is charging 24 percent per annum. When you buy the car, pay cash equal to the present value of the payments in option (a). Determine how much cash the dealer..

  In preparing its monthly performance report

For the month of April, budgeted sales were $100,000 and budgeted cost of goods sold was $80,000. Actual sales were $80,000 and actual cost of goods sold amounted to $90,000. In preparing its monthly performance report.

  Kennedy manufacturing company

Kennedy Manufacturing Company reported the following year-end information: beginning work in process inventory, $270,000; cost of goods manufactured, $1,074,000; beginning finished goods inventory, $380,000; ending work in process inventory, $330,000..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd