This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Black Pearl, Inc., sells a single product. The company's most recent income statement is given ... (Read 61 times)

penguins

  • Hero Member
  • *****
  • Posts: 903
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
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by penguins on Mar 6, 2021

vkodali

  • Sr. Member
  • ****
  • Posts: 357
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.
Answer Preview
Only 32% of students answer this correctly


penguins

  • Member
  • Posts: 903
Reply 2 on: Mar 6, 2021
Thanks for the timely response, appreciate it

sultana.d

  • Member
  • Posts: 320
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

There can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

Did you know?

About 80% of major fungal systemic infections are due to Candida albicans. Another form, Candida peritonitis, occurs most often in postoperative patients. A rare disease, Candida meningitis, may follow leukemia, kidney transplant, other immunosuppressed factors, or when suffering from Candida septicemia.

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

Did you know?

The word drug comes from the Dutch word droog (meaning "dry"). For centuries, most drugs came from dried plants, hence the name.

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Clay Lohmann, Black Lung. Clay Lohmann, Black Lung.
Sources of income for U.S. population aged 65 and over. Sources of income for U.S. population aged 65 and over.
Product safety Product safety
Preterm birth rates, by single and multiple births, Canada Preterm birth rates, by single and multiple births, Canada
Two examples of a single crossover between two nonsister chromatids Two examples of a single crossover between two nonsister chromatids
Video: Darwin's Observation (Fossils, Galapagos Islands & Africa ) and Natural Selection (Adaptive Traits)

For a complete list of videos, visit our video library