Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. socktabs exereise 249 fall 2018 name: updated give

SockTABS Exereise 249 Fall 2018 Name: UPDATED GIVEN INFORMATION After a few years, business is...

60.2K

Verified Solution

Question

Accounting

image
SockTABS Exereise 249 Fall 2018 Name: UPDATED GIVEN INFORMATION After a few years, business is booming for SockT internet s most recent six months of business with 100% of sales being made to wholesalers. ABs. Glen and Tracie did end up ending the f their business. Below is a contribution margin income statement reflecting the side o 40,000 pkgs %OF TOTAL PER UNIT SALES 100.00% $160,000 60,000 $100,000 12,250 $4.00 Sales Variable Expenses Contribution Margin Fixed Expenses Net Operating Income 1,50 37,50% 62.50% $2.50 7. Based on the UPDATED GIVEN INFORMATION, what is SockTABs' degree of operating leverage? Calculation Answer 00139 1.14 8. Glen and Tracie want to grow the business. Their goal is to be able to generate $100,000 of net operating income for a six month period. Assuming the per unit sales, per unit variable expenses, and total fixed costs remain constant, how many additional units would have to be sold to hit the goal? Calculation Answer Page 7 of 8

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

A window of a car is found to be covered with 0.9cm of ice. If the...

Chemistry
Q

The increases to Work in Process—Roasting Department for Highlands Coffee Company for May as well as...

Accounting
Q

The peptide bond on the C O side of basic residues in a polypeptide is...

Biology
Q

Two cells of equal e m f E but of different internal resistances r and...

Physics
Q

Question 2:Answer the following questions: (A1, DI) (10 Points) 1- Identify...

Accounting
Q

Goiania, Inc. was vandalized during a riot in their community and a lot of their...

Accounting
Q

Smith Company exchanges assets to acquire a building. The market price of the Smith stock...

Accounting
Q

bbsbsn

Accounting
Q

Nema mehe 2.09 Question compte Please indicate the effect impact of each transaction on the...

Accounting
Q

37. Bruin, Inc., has identified the following two mutually exclusive projects: Year Cash Flow (A)...

Finance
Q

Consider a bond with the following characteristics: Required: Note: Use cells...

Finance
Q

the second part is incorrect Chapter 2 ( Saved Help Save & Exit...

Finance