Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. swifty company reports the following operating res

Swifty Company reports the following operating results for the month of August: sales $364,800 (units...

50.1K

Verified Solution

Question

Accounting

Swifty Company reports the following operating results for the month of August: sales $364,800 (units 4,800), variable costs $258,000, and fixed costs $95,000. Management is considering the following independent courses of action to increase net income. 1. Increase selling price by 15% with no change in total variable costs or units sold. 2. Reduce variable costs to 64% of sales.

Compute the net income to be earned under each alternative. (Round intermediate calculations to 2 decimal places e.g. 2.25 and final answer to 0 decimal places, e.g. 12,125.)

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: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

(a) calculate the magnetic field, B required to produce a deflection of 0.25 rad in Thomson’s...

Physics
Q

How has COVID-19 influenced the way you think about, plan for, and/or evaluate events of your...

Psychology
Q

Give the density of an exponential distribution, then derive the moment generating function.

Advance Math
Q

Create comprehensive audit programs for the Sales and Receivables So each audit program would include the following...

Accounting
Q

Question 1 In A JKL if mZJ 90 then ZK and ZL are OA Acute...

Geometry
Q

46 3 Points DETAILS Solve the right triangle Find the length of the side opposite...

Basic Math
Q

Here are incomplete financial statements for Donavan, Inc. Calculate the missing amounts DONAVAN,...

Accounting
Q

Required information C3-1 (Algo) Analyzing, Recording, and Posting, and Preparing and Evaluating Financial Statements...

Accounting
Q

Boxwood Company sells blankets for $32 each. The following information was taken from the inventory...

Accounting
Q

Prepare the adjusting entry at March 31, 2022, to record bad debt expense. (Credit account...

Accounting
Q

18-9 Tally & Co. incurred a pretax operating loss of $100,000 in its first year...

Accounting
Q

Problem ONE: A company $8,400,000 in operating income (EBIT) The company had a net...

Finance