How much will Bramble report as sales

Assignment Help Accounting Basics
Reference no: EM132544045

Question - Bramble Corp. has fixed costs of $670000 and variable costs are 40% of sales. How much will Bramble report as sales when its net income equals $63000?

A. $1832500

B. $293200

C. $1221667

D. $1179667

Reference no: EM132544045

Questions Cloud

Find which would be included in the adjusting entry : Which of the following would be included in the adjusting entry, dated December 31, Year 1, to recognize interest accrued since the issuance date?
Value of the investment in two years : What will be the value of the investment in two years? Round to two decimal places.
Create an annotated bibliography of the key findings : Next, research and select three scholarly sources that you plan to use in developing your Week Three and Week Five topic, and create an Annotated Bibliography.
Expresses beliefs that do not align with overall culture : Is it ethical for an organization to fire someone who expresses beliefs that don't align with the overall culture?
How much will Bramble report as sales : Bramble Corp. has fixed costs of $670000 and variable costs are 40% of sales. How much will Bramble report as sales when its net income equals $63000
Why the issue is important to a business audience : An analysis of why the issue is important to a business audience that includes at least one source appropriate to the audience and concludes with at least one.
Calculate the annual cash flows of the project : Calculate the annual cash flows of the project. What is the minimum amount that MCo should bid per TCH if the company required NPV of RM20,000 on this project?
Define similarities in business writing and public writing : In answering this prompt address these three questions specifically: In your opinion, what are the main similarities between business writing and public writing
How can financial institutions such as banks protect : Lastly, how can financial institutions such as banks protect their clients from cybercrimes?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Determine acquisition costs of land

Instructions - Indicate to which account Adama would debit each of the costs. Determine acquisition costs of land

  Estimate the manufacturing costs if roberts produces 100000

expected manufacturing costs for roberts widgits are as followsvariable costs fixed costs per monthdirect materials

  Phillips industries runs a small manufacturing operation

phillips industries runs a small manufacturing operation. for this fiscal year it expects real net cash flows of

  What is the standard cost of producing a wheel

The standard cost of a hub, spoke and rim kit is $50, but the actual cost of a hub, spoke and rim kit was $65. What is the standard cost of producing a wheel

  What is effective rate of interest implicit in the agreement

The note is payable in four annual installments of $3 million at the end of each year. What is the effective rate of interest implicit in the agreement

  Explain potential implications of sampling risk for audit

Question - Sampling and non-sampling risk for substantive testing. Explain the potential implications of sampling risk for the audit of revenue recognition

  Examine firms tax expense in its accounts

HI5020 Corporate Accounting - What is HFR-HIGHFIELD RESOURCES LIMITED firm tax expense in its latest financial statements

  Determining the macki capital account

Partners Ken and Macki each have a $40,000 capital balance and share income and losses in a 3:2. Cash equals $20,000, noncash assets equal $120,000, and liabilities equal $60,000. If the noncash assets are sold for $80,000, the Macki's capital acc..

  New corporation tax advantages

On creating a new 100 percent-owned corporation, Ben was advised by his tax consultant to treat 50 percent of the total amount that was invested as a loan and 50 percent as a purchase of corporate stock.

  Calculate Hamiltons maximum depreciation for this year

Hamilton LLC purchased a rental house and land during the current year for $350,000. Calculate Hamilton's maximum depreciation for this year

  The controller of sagehen enterprises believes that the

the controller of sagehen enterprises believes that the company should switch from the lifo method to the fifo method.

  What are some important assumptions commonly made

Discuss What are some important assumptions commonly made in CVP analysis? What significant assumptions and limitations should be considered

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