Estimation of the company net operating income

Assignment Help Accounting Basics
Reference no: EM13152546

Scobie Corporation's fixed monthly expenses are $16,000 and its contribution margin ratio is 57%. 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 $69,000?

Reference no: EM13152546

Questions Cloud

What theories were synthesized to generate the modern theory : What theories were synthesized to generate the modern theory of evolution? In what ways did that change Darwin's original framework?
Adjustments made under accrual basis accounting : Net profit margin takes this tradeoff into account, and indicates the company"s ability to generate sales while controlling expenses. Pro forma- numbers show what a company"s result would have been had certain events not occurred. Relevant- Does t..
What is atp role in the functioning of cells : What is ATP and What is its role in the functioning of cells? What is free energy and what does the change in free energy tell one about a chemical reaction? Chemical structure of Glucose and How many Carbon-Carbon and Carbon-Hydrogen bonds are th..
How many grams of the solid can be formed : How many grams of the solid can be formed from 268 g of calcium nitrate and 115 g of phosphoric acid?
Estimation of the company net operating income : Scobie Corporation's fixed monthly expenses are $16,000 and its contribution margin ratio is 57%. 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 $69..
What would the expected phenotypic ratio of the f2 : What would the expected phenotypic ratio of the F2 generation if a homozygous dominant male black hamster is crossed with a homozygous recessive female white hamster? 1.1:1,2.2:1,3.1:2:2:1,4.3:1. thank you very much.
Calculate the half-life (in years) of sr-90 : By mass spectral analysis, a sample of strontium is known to contain 2.64x1010 atoms of Sr-90 as the only radioactive element. The absolute disintegration rate of this sample is measured as 1238 disintegrations per minute. Calculate the half-life ..
Identify success factors in mergers and acquisitions : Explain and discuss financing options for financing mergers and acquisitions. Identify success factors in mergers and acquisitions
Basis in partnership after distributions : Assume the CDE Partnership reported no profit or loss this year. How much gain (if any) must Cara recognize as a result of the distributions? What is her basis in the partnership after the distributions?

Reviews

Write a Review

Accounting Basics Questions & Answers

  What is the journal entry needed to record the payment

On March 17, Grady Company agrees to accept a 60-day, 9%, $10,200 note from Alert Company to extend the due date on an overdue account. What is the journal entry needed to record the payment of the note by Alert Company on the maturity date?

  Determining total budgeted cost of direct labor

The production of each TV set requires 1.5 direct labor hours. The average cost of each direct labor hour is $10.50. If scheduled production for May is 2,000 TVs, what will be the total budgeted cost of direct labor?

  What types of structural and functional changes

Write an essay (only one page)discussing Gregoire's views. What types of structural and functional changes in organizations may be necessary to help Gregoire overcome histraditional view?

  How much gain will be recognized by r&r partnership

Ronald and Roy formed an equal partnership, R&R Partnership, a general partnership, on January 1, 2012. Ronald contributed $100,000 in exchange for his one-half interest in R&R partnership.

  Reasonable cost of capital

Suppose ARG Inc. estimate its cost of capital (WACC) for the year 2010 to be 12%, should the project officer used this WACC to evaluate all of its potential projects even if they vary in risk? If not, what is a reasonable cost of capital if the fi..

  Journal entry for interest expense on note

This amount represented funds borrowed on a six-month, 10 percent note from the firm's bank on December 1. Record the journal entry for interest expense on this note that should be recorded on the firm's worksheet for the year ended December 31, 2..

  Discuss the proper accounting treatment

Discuss the proper accounting treatment, including any required disclosures, for each situation. Give the rationale for your answers.

  What accounting factors are important

What accounting factors are important before determining whether a pending lawsuit should be accrued as a liability and reflected in the financial statements?

  What are the entries accomplishing in the consolidation

Class, the textbook describes the consolidating entries that are entered on a work sheet as S A I D E and P. What do these letters represent and what are the entries accomplishing in the consolidation.

  Investor in stocks and bonds

Fluent, an investor in stocks and bonds, wanted to increase his portfolio but wanted to minimize his tax liability on the income from the bonds. He is presented with the following alternative investments:

  Amounts of components of pension expense

Desiree Griseta Company sponsors a defined benefit pension plan for its employees. The following data relate to the operation of the plan for the year 2004 in which no benefits were paid. Determine the amounts of the components of pension expense t..

  What are the risks for accounting systems

What are the differences between substantive tests of transactions and tests of details of balances?

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