Schister Systems uses the following data in its Cost-Volume-Profit analyses:Total$ 365,000219,000SalesVariable expensesContribution marginFixed expenses146,000113,000Net operating income$ 33,000What is total contribution margin if sales volume increases by 20%?Multiple Choice$146,000$39,600$175,200$26,400

Schister Systems uses the following data in its Cost-Volume-Profit analyses: Total $ 365,000 219,000 146,000 Sales Variable expenses Contribution margin Fixed expenses 113,000 $ 33,000 Net operating income What is total contribution margin if sales volume increases by 20%? Multiple Choice $146,000 $39,600 $175,200 $26,400

Schister Systems uses the following data in its Cost-Volume-Profit analyses: Total $ 365,000 219,000 146,000 Sales Variable expenses Contribution margin Fixed expenses 113,000 $ 33,000 Net operating income What is total contribution margin if sales volume increases by 20%? Multiple Choice $146,000 $39,600 $175,200 $26,400

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

See similar textbooks

Related questions

Q: How will launching Fire TV sets likely influence the organizational purchasing and supply management…

A: Talking about launching the fire TV sets in the marketplace, customers demand will go to increase.…

Q: If Abrams Company has an inventory turnover of 7.3 and a receivables turnover of 9.6, approximately…

Q: The major reason supply management can greatly improve a firm’s return on investment (ROI) is: A)…

A: As per guidelines only 1 question can be answered at a time. Supply management is the process of…

Q: Use the table provided below showing rooms available, rooms sold and rooms revenue for 7 properties…

A: Given data is

Q: Jenna Baker, CEO of Baker Mfg Inc., wishes to compare her company's inventory turnover to those of…

A: Given data: Net Revenue = $27,500 Cost of sales = $19,850 Inventory = $1,290 Total assets =$17,410

Q: Given that: Sales = $300,000,000 Transportation cost = $15,000,000 Warehousing cost = $4,000,000…

A: Inventory carrying charge = 30% of average inventory = 30/100 x $15,000,000 = $4,500,000 Hence,…

Q: Appliance Apps has the following costs associated with its production and sale of devices that allow…

A: WORKING NOTES : 1 beginning Inventory - Units…

Q: What Is best operating level?

A: Best operating level is the level at which the firm works at its best capacity. For getting best…

Q: Complete Company A's table ItemList priceChain discountNet priceTrade discountPrecor…

A: A chain discount is a series of discounts that are applied sequentially. The order of the discounts…

Q: What implications are there for ensuring that each of the several sponsoring companies gets an…

A: The funding for the goods and services to support the events, trade shows, teams, or organizations…

Q: After graduation, you decide to go into a partnership in an office supply store that has existed for…

A: Annual Demand = 5000 boxesStandard Deviation of daily demand = = 10 boxesDesired Service…

Q: SWOT Analysis Uber Ridesharing Opportunities What is the unique opportunity that the company is…

A: The company, Uber, is trying to take the advantage of the opportunity that people require an…

Q: What does the cost leadership strategy focus on? a) Competing on the of price b) Decreasing price…

A: A company that uses a cost-leadership strategy aims to get a competitive advantage by lowering its…

Q: As a purchasing manager of a big retailer that operates a chain of grocery stores, discuss four ways…

A: The supply chain can be elaborated as the series of entities that form the mechanism of input supply…

Q: Sorry I still don't understand - can you explain in simpler terms ? - Are we saying the most…

A: The organization's primary objective will be to have a proper flow of business process, and to…

Q: how would a homebuilder, landlord, or property manager justify the use of energy star appliances in…

A: Energy star appliances are the products which uses less amount of energy. The more stars a product…

Q: In the current competitive retail business, traditional brick-mortar business model has slowly lost…

A: For constructing a combination of two purchased items, we will be using the Apriori algorithm for…

Q: 1. A toy manufacturer sells a doll for 21 dollars. Variable cost is $1.20 per doll and marketing…

A: Customer Lifetime Value (CLV) is the total amount of revenue that a business can expect to generate…

Q: Your procurement manager recently announced that a new vendor made an offer to provide soldering-…

A: Let's analyze the costs and make a decision on the given information. a) Cost Analysis and…

Question

Schister Systems uses the following data in its Cost-Volume-Profit analyses:
Total
$ 365,000
219,000
Sales
Variable expenses
Contribution margin
Fixed expenses
146,000
113,000
Net operating income
$ 33,000
What is total contribution margin if sales volume increases by 20%?
Multiple Choice
$146,000
$39,600
$175,200
$26,400

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 2 steps with 1 images

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, management and related others by exploring similar questions and additional content below.

Similar questions

Salad Daze maintains an inventory of produce worth $380. Its total bill for produce over the course of the year was $71,000. How old on average is the lettuce it serves its customers?
If the marginal cost for a firm is higher than its average total cost, what can be said about the slope ofits average variable cost curve at this point?
When American Express says its vision is to be “the world’s most respected service brand,” what are the implications for how it manages service expectations?
Competitive Dimensions include I. Delivery Reliability II. Location III. Brand IV. Quality V. Price Option I and III Option I and IV Option I, IV and V Option II and IV
Describe how airlines utilize revenue management to enhance profitability. This is one of the assignment from my services marketing class thanks for the help!
Given that: Sales = $300,000,000 Transportation cost = $15,000,000 Warehousing cost = $4,000,000 Inventory carrying cost rate (W) = 30% Cost of goods sold = $95,000,000 Other operating costs = $55,000,000 Average Inventory (AI) = $15,000,000 Accounts receivable = $35,000,000 What is the total operating cost? Group of answer choices 56,500,000 48,500,000 75,500,000 78,500,000 68,500,000
Mattress Wholesalers, Inc. is constantly trying to reduce inventory in its supply chain. Last year, cost of goods sold was $7.53 million and inventory was $1.49 million. This year, costs of goods sold is $8.61 million and inventory investment is $1.58 million. a) What was its weeks of supply last year? weeks (round your response to two decimal places). b) What is its weeks of supply this year? weeks (round your response to two decimal places). c) Is Mattress Wholesalers making progress in its inventory reduction effort? Since the number of weeks that cover the supply has V, Mattress Wholesalers is making V in its inventory-reduction effort.
Baker Mfg Inc. wishes to compare its inventory turnover to those of industry leaders, who have turnover of about 13 times per year and 8% of their assets invested in inventory. Baker Mfg. Inc. Net Revenue $27,500 Cost of sales $20,000 Inventory $1,210 Total assets $16,880 Part 2 a) What is Baker's inventory turnover? _______ times per year (round your response to two decimal places). Part 3 b) What is Baker's percentage of assets committed to inventory? __________% (enter your response as a percentage rounded to two decimal places). Part 4 c) How does Baker's performance compare to the industry leaders? ▼ Better? In line with industry? Worse?
SLO 1.1 Opportunity cost is a measure of: A) Inventory acquisition costB) Cost of services related to purchasingC) Cost of operating expensesD) Alternatives for invested fundsE) Activity based costs SLO 1.2 ABC analysis provides insight into: A) Total inventory costsB) Average inventory costsC) What items account for the most expendituresD) What items are critical to avoid stock outsE) High turnover items
Discuss the 3 major components of the revenue cycle: Front, Middle, and back-end. What does each component consist of?
Last year, an online retailer of tennis equipment carried an average inventory of $7,500,000.The retailer reported sales revenue of $49,200,000 last year with a cost of goods sold of $23,900,000. Use this information to calculate the inventory turnover for the retailer last year. The inventory turnover for the retailer is ------- turns per year. (Enter your response rounded to two decimal places.)
Netflix CEO in 2017: "We're competing with ____." Question 2 options: eating sleeping reading showering