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Author Question: Black Pearl, Inc., sells a single product. The company's most recent income statement is given ... (Read 60 times)

penguins

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on: Mar 6, 2021

Question 1

Anglico's most recent income statement is given below.



Required:



Question 2

Black Pearl, Inc., sells a single product. The company's most recent income statement is given below.

Sales$50,000
Less variable expenses(30,000)
Contribution margin20,000
Less fixed expenses(12,500)
Net income$ 7,500

Required:

a.Contribution margin ratio is________%

b.Breakeven point in total sales dollars is$ ________ 
c.To achieve $40,000 in operating income, sales must total$ ________ 
d.If sales increase by $50,000, operating income will increase
by$ ________ 
e.To achieve a $40,000 after tax income, given a tax rate of
20%, sales must total$________
Horngren's Cost Accounting: A Managerial Emphasis ¦ Datar, Rajan ¦ 16th Edition
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Marked as best answer by penguins on Mar 6, 2021

vkodali

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Reply #1 on: Mar 6, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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penguins

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Reply 2 on: Mar 6, 2021
YES! Correct, THANKS for helping me on my review

connor417

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Reply 3 on: Yesterday
Excellent

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