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

Author Question: Marie Manufacturing reported net income of $42,120 and has a 35% tax rate. Marie manufactures a ... (Read 64 times)

allywil32

  • Full Member
  • ***
  • Posts: 144
on: Feb 5, 2023

Question 1

Pine, Inc. has a 34% contribution margin rate, fixed costs of $62,000, and net income of $80,184. Pine sold 9,200 units for $54 each. What were Pine's operating income and tax rate (if necessary, round your answer to the nearest full percent)?
◦ $286,968; 28%
◦ $168,912; 75%
◦ $147,832; 46%
◦ $106,912; 25%

Question 2

Marie Manufacturing reported net income of $42,120 and has a 35% tax rate. Marie manufactures a product which sells for $20 per unit and whose variable costs are 62.5% of sales. If Marie sold 23,040 units, what were the company's operating income and fixed costs (round your answer if necessary)?
◦ $172,800; $52,456
◦ $64,800; $108,000
◦ $214,920; $94,576
◦ $120,344; $167,656
Managerial Accounting ¦ Davis ¦ 4th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by allywil32 on Feb 5, 2023

Jim457

  • Full Member
  • ***
  • Posts: 187
Reply #1 on: Feb 5, 2023
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 64% of students answer this correctly


allywil32

  • Member
  • Posts: 144
Reply 2 on: Feb 5, 2023
:D TYSM

vickyvicksss

  • Member
  • Posts: 351
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

Did you know?

The toxic levels for lithium carbonate are close to the therapeutic levels. Signs of toxicity include fine hand tremor, polyuria, mild thirst, nausea, general discomfort, diarrhea, vomiting, drowsiness, muscular weakness, lack of coordination, ataxia, giddiness, tinnitus, and blurred vision.

Did you know?

To prove that stomach ulcers were caused by bacteria and not by stress, a researcher consumed an entire laboratory beaker full of bacterial culture. After this, he did indeed develop stomach ulcers, and won the Nobel Prize for his discovery.

Did you know?

Allergies play a major part in the health of children. The most prevalent childhood allergies are milk, egg, soy, wheat, peanuts, tree nuts, and seafood.

Did you know?

There are more nerve cells in one human brain than there are stars in the Milky Way.

For this bimolecular reaction, the rate constant k is second order For this bimolecular reaction, the rate constant k is second order
The Inverted Income Pyramid: The Proportion of Income Received by Each Fifth of the U.S. Population The Inverted Income Pyramid: The Proportion of Income Received by Each Fifth of the U.S. Population
Spring force, crankcase pressure, and intake manifold vacuum work together to regulate the flow rate ... Spring force, crankcase pressure, and intake manifold vacuum work together to regulate the flow rate ...
Daniel's Enterprises has a beta of 1.98 and a growth rate of 12 percent. The stock is ... Daniel's Enterprises has a beta of 1.98 and a growth rate of 12 percent. The stock is ...
Construct a Lorenz curve that shows income distribution in this society. Construct a Lorenz curve that shows income distribution in this society.
Rate order question Rate order question
Video: Electrical Conduction System of the Heart

For a complete list of videos, visit our video library