Sales 110000 cogs 57000 operating expenses 38000 based on

Assignment Help Accounting Basics

Reference no: EM13612246

Presented below are selected income statement data for Kettridge's Farm for the month of April: Sales $110,000 COGS $ 57,000 Operating Expenses $38,000 Based on an analysis of cost behavior patterns, it has been determined that the company's contribution margin ratio is 40%.

(a.) Use the income statement data to prepare a contribution margin.

(b.) If sales increase by 10 percent, what will be the firm's operating income?

(c.) Calculate the amount of revenue required for Kettridge's Farm to break even.

Reference no: EM13612246

Questions Cloud

Krultz corp has annual revenues of 760000 an average : krultz corp. has annual revenues of 760000 an average contribution margin ratio of 30 percent and fixed expenses of

Suppose x and y are independent let x have the mean 3 and y : suppose x and y are independent. let x have the mean 3 and y have the mean 2. find the covariance of xy and

The defiance college sells season tickets for four home : the defiance college sells season tickets for four home football games at a price of 15. for the 2011 season 5000

What is the number of trials n probability of successes p : mimi just started her tennis class three weeks ago. on average she is able to return 15 of her opponents serves. let

Sales 110000 cogs 57000 operating expenses 38000 based on : presented below are selected income statement data for kettridges farm for the month of april sales 110000 cogs 57000

Consider two geothermal wells whose energy contents are : consider two geothermal wells whose energy contents are estimated to be the same. will the exergies of these wells

Paul company wants to acquire tom company toms roi has been : paul company wants to acquire tom company. toms roi has been above average for its industry net income has averaged

Assume that wallywill inc offered its customers which are : assume that wallywill inc. offered its customers which are primarily retail stores who sell its products an advertising

Determine the exergy of the energy assuming an environment : consider a large furnace that can supply energy in the form of heat at 2000 r at a steady rate of 3000 btus. determine

User Account

All Pages