What was the income from operations

Assignment Help Financial Accounting
Reference no: EM13791723

a. knick company budgets sales of $2,750,000 fixed costs of $600,000 and variable costs of $1,760,000. What is the contribution margin ratio for Knick Company?

b. if the contribution margin ratio for koval company is 40%, sales were $1,450,000 and fixed costs were $356,000 what was the income from operations?

Reference no: EM13791723

Questions Cloud

First steps in making entrepreneurial business opportunities : One of the first steps in making entrepreneurial business opportunities a reality is deciding what form the business will take.
Types of equity financing and debt financing alternatives : Create a 10-slide presentation comparing types of equity financing and debt financing alternatives. Include detailed speaker's notes and the following in your presentation:
How federal reserves lending practices changed during period : Discuss the some of the actions that the Fed took during period - How the Federal Reserve's lending practices changed during period
Various techniques used in job evaluation : What is job evaluation, and how is it used by compensation professionals? Discuss the various techniques used in job evaluation.
What was the income from operations : knick company budgets sales of $2,750,000 fixed costs of $600,000 and variable costs of $1,760,000. What is the contribution margin ratio for Knick Company? if the contribution margin ratio for koval company is 40%, sales were $1,450,000 and fixed co..
What parts of society were moliere and swift criticizing : What parts of their society were Moliére and Swift criticizing? What kind of change do you think they were trying to enact? How does satire serve that function in our society today?
Public and nonprofit sector : Using the assigned readings, your work experience in the public and nonprofit sector, and the knowledge you have gained in this MPA program as a guide, address the following question in a detailed fashion:
Assume that the revenue and variable cost relationships : In 2014, X Company's revenue was $224,550, its total variable costs were $85,050, and its fixed costs were $85,500. Assume that the revenue and variable cost relationships continue in 2015, but fixed costs increase by 19%. If the tax rate is 40%, wha..
Define what is meant by organizational culture : Based on the readings this week with special attention to Tobin's (2013) article, define what is meant by organizational culture and how it is created, influenced, and changed based on globalization.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Prepare entries in general journal form to record the

prepare entries in general journal form to record the following transactions in general fund general ledger accounts

  What was account balance at the end of the tenth year

the account balance was transferred to a bank paying 10%, and annual deposits of $6,000 were made at the end of each year from the seventh through the tenth years. What was account balance at the end of the tenth year?

  Rank the three companies

Which of the companies uses a multiple-step income statement format? (These companies' income statements are in Appendix A

  New horizontal intercept lower than before

The wage then increases to $10. The wage then increases to $14. Each time the budget constraint: a. Rotates clockwise with new vertical intercept higher than before and new horizontal intercept lower than before

  Evaluate the yield that trevor would earn by selling

Evaluate the yield that Trevor would earn by selling the bonds today. Evaluate the present value of $4,300 under each of the subsequent rates and periods.

  Shares of common stock outstanding

2011 Jan. 2 Purchased 80,000 shares of Bushtex Co. common stock for $544,000 cash plus a broker's fee of $3,400 cash. Bushtex has 160,000 shares of common stock outstanding and its policies will be significantly influenced by Kash

  What are effects of this transaction on accounting equation

On September 30, MFP Co. paid employee salaries $7,000, including $1,000 it owed to its employees last month. What are effects of this transaction on the accounting equation?

  How much of the accounting department costs

The costs will be allocated based on the number of employees using the direct method. Information regarding costs and how much of the accounting department costs will be allocated to the production

  1 in mid-december a bank treasurer projects that loan

1. in mid-december a bank treasurer projects that loan demand will require a 10 million borrowing on march 15. the

  Distinct entity from the owners

Which organizational form allows the business to be a separate, distinct entity from the owners

  Illustrate what amount of the joint costs will be assigned

Illustrate what amount of the joint costs will be assigned to Product A if joint costs are allocated on the basis of number of units produced?

  Uses the straight-line method of amortization

Garland Company received proceeds of $188,000 on 10-year, 6% bonds issued on January 1, 2013. The bonds had a face value of $200,000, pay interest semi-annually on June 30 and December 31. Garland uses the straight-line method of amortization. What i..

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