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 32 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
Great answer, keep it coming :)

cpetit11

  • Member
  • Posts: 321
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

Did you know?

One way to reduce acid reflux is to lose two or three pounds. Most people lose weight in the belly area first when they increase exercise, meaning that heartburn can be reduced quickly by this method.

Did you know?

It is believed that humans initially contracted crabs from gorillas about 3 million years ago from either sleeping in gorilla nests or eating the apes.

Donor DNA is transferred as a single strand Donor DNA is transferred as a single strand
Ten Leading Causes of Death in High-Income Countries, 2008 Ten Leading Causes of Death in High-Income Countries, 2008
Viral single-strand DNA (circular) Viral single-strand DNA (circular)
Relationship between Latitude and Income per Capita Relationship between Latitude and Income per Capita
The consequences of a single exchange between two nonsister chromatids The consequences of a single exchange between two nonsister chromatids
Homologous recombination: single versus double crossovers Homologous recombination: single versus double crossovers
Video: Introduction to Sickle Cell Anemia

For a complete list of videos, visit our video library