Carter Electronics has a contribution margin ratio of 40%. The company's sales revenue for the period was $950,000, and its fixed costs totalled $250,000. What was Carter Electronics' income from operations?
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What was Carter electronics income from operations on these general accounting question?
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- What was the income from operations?For its most recent fiscal year, a firm reported that its contribution margin was equal to 40 percent of sales and that its net income amounted to 10 percent of sales. If its fixed costs for the year were P60,000, how much were sales?The contribution margin ratio of Thronson Corporation's only product is 69%. The company's monthly fixed expense is $455,400 and the company's monthly target profit is $41,400. What is the dollar sales to attain the company's target profit?
- How do you get income from operations? (see attached)McGrath electric is a service firm with current service sales of 4,794,549 and a 57% contribution margin. It’s fixed costs are 1,217,297. If there is a 13% in sales, compute the percentage of net increase in operating income for McGrath. Round to the nearest hundred, two decimals.Singh Co. reports a contribution margin of $996,000 and fixed costs of $747,000. (1) Compute the company’s degree of operating leverage. (2) If sales increase by 15%, what amount of income will Singh Co. expect?
- If the contribution margin ratio for Vera Company is 28%, sales were $1,135,000, and fixed costs were $297,420, what was the income from operations?Frontier Corp. has a contribution margin of $1,458,000 and profit of $364,500. If sales increase 18%, by how much will profits increase?Jakarta Company is a service firm with current service revenue of $337,452 and a 31% contribution margin. Its fixed costs are $87,554. Maldives Company has current sales of $3,678,029 and a 60% contribution margin. Its fixed costs are $1,064,359. If there is a 12% in sales, compute the percentage of net increase in operating income for Maldives. Round to the nearest hundredth, two decimals.
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