Morse Company reports a total contribution margin of $112,000 and pretax net income of $16,000 for the current month. The degree of operating leverage is __. Ans
Q: A piece of equipment that was originally purchased for $29,400, had accumulated depreciation of…
A: Step 1: In order to determine the gain/loss, we need to compute the carrying value of the equipment.…
Q: what is gearing ratio?
A: The gearing ratio is a financial metric that measures a company's financial leverage by comparing…
Q: How many units were completed during the month of this general accounting question?
A: Step 1: Define Units Completed and Transferred OutIn process costing, the units completed and…
Q: Hy teacher please provide answer
A: Understanding Degree of Operating Leverage (DOL)Definition: DOL measures the sensitivity of a…
Q: Question
A: Step 1: First, we determine the ending inventory or the number of products left.So: Production -…
Q: The profit margin rate ?
A: To calculate the profit margin rate, we follow these steps: 1. Calculate Net Sales:Net Sales =Sales…
Q: expert of general accounting answer me
A: Step 1: Definition of Applied OverheadManufacturing overhead is applied using a predetermined…
Q: A broadcasting company failed to make a year-end accrual of $350,000 for fines due to a violation of…
A: Impact on Expenses: The failure to accrue the $350,000 fine means expenses were understated by…
Q: general accounting fina
A: Step 1: Definition of Dupont AnalysisThe Dupont analysis is a significant study in management…
Q: How much is net income? General accounting
A: The net income for Andreas Corporation for the year ending December 31 is $70,200.…
Q: final answer is
A: Step 1: Definition of Retail PriceRetail price is the price of a product at which it is sold in the…
Q: given answer General accounting
A: Step 1: DefinitionAverage Collection Period (or Days' Sales in Accounts Receivable) measures the…
Q: Help
A: Concept of Net IncomeThe net income of a business represents the profit earned after deducting all…
Q: Sub. General accounting
A: Step 1: Calculation of total profit for 41 unitsStep 2: Calculation of total profit for 40 unitsStep…
Q: At the end of February 2016
A: Concept of RevenuesThe revenues of a business represent the total amount of money earned from…
Q: What is the cost of goods manufactured for eagle manufacturing?
A: Explanation of Direct Materials: Direct materials are the raw materials that can be directly traced…
Q: Please give me true answer this financial accounting question
A: Step 1: Definition of Stock Price Valuation Using the Price-to-Earnings (P/E) RatioThe…
Q: hello tutor provide answer o this General accounting question
A: Step 1: DefinitionA note receivable is a formal promise to pay a specified amount with interest at a…
Q: Answer? ? General Accounting
A: To calculate the Dividend Yield, we use the formula: Dividend Yield =(Annual Dividend per Share /…
Q: help me to solve this financial accounting
A: Step 1: Definition of DuPont Formula:The DuPont formula is a practice to determine the firm's return…
Q: Don't use ai given answer accounting questions
A: Step 1: Definition of Equivalent Units of Production (EUP)Equivalent Units of Production (EUP) is a…
Q: The balance sheet for simmons corporation reported the following
A: Explanation of Working Capital:Working capital represents the difference between a company's current…
Q: financial accounting
A: Step 1: Definition of Trade CreditTrade credit is a type of short-term financing where suppliers…
Q: Express the answer with 3 decimal places
A: Step 1 The coefficient of variation (CV) is calculated using the formula: CV=μσ ←(1) where:σ is…
Q: general accounting
A: Step 1: Definition of Acquired CostThe acquired cost of an asset is the total amount spent by a…
Q: can you please solve this
A: Step 1: Definition of Gross Profit PercentageGross profit percentage is a financial metric that…
Q: Calculate the amount of cash paid to employees...
A: ,Step 1: Formula Cash paid to employees = Salaries payable, January 1 + Salaries expense - Salaries…
Q: At the beginning of the year
A: Concept of Manufacturing OverheadManufacturing Overhead includes all indirect costs associated with…
Q: Problem related general Accounting
A: Concept of Owner's EquityOwner's equity represents the owner's financial interest in a business,…
Q: hi expert please solve questions
A: Step 1: Definition of Total Cost of ProductionTotal cost of production includes direct materials,…
Q: What is the amount incldible in income
A: Divide Daniel's after-tax contributions by the number of anticipated payments: $72,000 / 240 =…
Q: cash flow for this project answer
A: Step 1: Given Value for Calculation Current market value of lot = $725,000 Building cost =…
Q: Provide answer accounting question with calculation
A: Step 1: Define Capital GainCapital gain is a result of price appreciation of the capital asset.…
Q: What are total assets of this financial accounting question?
A: Step 1: Define Total AssetsTotal Assets refer to the sum of all resources owned by a company that…
Q: I want to correct answer general accounting question
A: Step 1: Identify the Projected Benefit Obligation (PBO) at the end of 2024From the data given, the…
Q: Compute the labor efficiency variance of this general accounting question
A: Step 1: Define Labor Efficiency VarianceThe Labor Efficiency Variance (LEV) measures the efficiency…
Q: Morse Company reports a total contribution margin of $112,000 and pretax net income of $16,000 for…
A: Step 1: Formula Degree of operating leverage = Contribution margin/Operating income Step 2:…
Q: Hello teacher find correct answer
A: Step 1: Definition of Manufacturing Overhead ApplicationManufacturing overhead refers to the…
Q: What was the amount of sales for the month?
A: Let S be the amount of sales. The equation becomes:4,470= 1,950 + 0.068 S Solving for…
Q: Need answer
A: Explanation of Net Income:Net income is the total profit a company generates after deducting all…
Q: The balance sheet for simmons corporation reported the following
A: Explanation of Balance Sheet: This is a financial statement that provides a snapshot of a company's…
Q: You believe the expected return on ABC is 16.20%, and that the variance of ABC's returns is 0.6400.…
A: Therefore, the coefficient of variation (CV) is approximately 4.938%.
Q: What is the opereting cash flow. Provide answer please
A: To calculate the Operating Cash Flow (OCF), we use the formula:OCF=EBIT+ Depreciation −TaxesStep 1:…
Q: abc general accounting
A: Step 1: Definition of Equivalent Units of ProductionEquivalent units of production (EUP) is a…
Q: What is the degree of opereting leverage? Please solve this question
A: Step 1: Definition of Degree of Operating Leverage (DOL)Degree of Operating Leverage (DOL) measures…
Q: Calculate the return on assets of this general accounting question
A: Calculation of Average Total AssetsAverage Total Assets = ( Beginning Total Assets+Ending Total…
Q: What is the amount of budgeted direct Labor cost
A: Explanation of Direct Labor:Direct labor refers to the time and effort spent by employees directly…
Q: Problem related general Accounting
A: Step 1: Introduction to factory overheadsFactory overheads are defined as indirect costs that are…
Q: Provide correct answer please
A: Step 1: Define Asset DisposalLong-term investments in physical assets are either sold or scrapped at…
Q: Answer
A: Step 1: Definition of Work-In-Process InventoryWork-in-process inventory refers to partially…
Morse Company reports a total contribution margin of $112,000 and pretax net income of $16,000 for the current month. The degree of operating leverage is __. Ans
Step by step
Solved in 2 steps
- The following income statement applies to Munoz Company for the current year: Income Statement Sales revenue (440 units x $34) Variable cost (440 units x $19) Contribution margin Fixed cost 3 Net income $14,960 (8,360) 6,600 (4,400) $2,200 Required a. Use the contribution margin approach to calculate the magnitude of operating leverage. b. Use the operating leverage measure computed in Requirement a to determine the amount of net income that Munoz Company will earn if it experiences a 10 percent increase in revenue. The sales price per unit is not affected. c-1. Verify your answer to Requirement b by constructing an income statement based on a 10 percent increase in sales revenue. The sales price is not affected. c-2. Calculate the percentage change in net income for the two income statements. Complete this question by entering your answers in the tabs below. Req A and B Req C1 Req C2 a. Use the contribution margin approach to calculate the magnitude of operating leverage. b.…The following income statement applies to Finch Company for the current year: Income Statement Sales revenue (480 units × $30) $ 14,400 Variable cost (480 units × $15) (7,200 ) Contribution margin 7,200 Fixed cost (4,000 ) Net income $ 3,200 Required a. Use the contribution margin approach to calculate the magnitude of operating leverage. b. Use the operating leverage measure computed in Requirement a to determine the amount of net income that FinchThe following CVP income statements are available for Wildhorse Corp. and Blossom, Inc. Wildhorse Corp. Blossom, Inc. Sales revenue $854,000 $854,000 * Variable costs 396,500 228,750 Contribution margin 457,500 625,250 Fixed costs 305,000 472,750 Net income $152,500 $152,500 (a) Compute the degree of operating leverage for each company. (Round answers to 1 decimal place, e.g. 15.5.) Degree of Operating Leverage Wildhorse Blossom
- The degree of opereting leverage?Subject:- AccountingOperating leverage Haywood Co. reports the following data: Line Item Description Amount Sales $6,160,000 Variable costs (4,620,000) Contribution margin $1,540,000 Fixed costs (440,000) Operating income $1,100,000 Determine Haywood Co.’s operating leverage. Round your answer to one decimal place.
- The degree of operating leverage isOperating Leverage Haywood Co. reports the following data: Sales $6,160,000 Variable costs (4,620,000) Contribution margin $1,540,000 Fixed costs (440,000) Operating income $1,100,000 Determine Haywood Co.’s operating leverage. Round your answer to one decimal place.Parker compound has provided the following datavfor the most recent year
