Chapter 16, Problem 30E

General Accounting

Everett Corporation, a company that produces and sells a single product, has provided its contribution format income statement for October: Sales (8,200 units): $452,600 • Variable expenses: $280,200 • Contribution margin: $172,400 Fixed expenses: $115,750 • Net operating income: $56,650 If Everett Corporation sells 9,000 units instead of 8,200 units, what will be its net operating income? A. $69,250 B. $73,800 C. $76,300 D. $80,400

Eagle Parts Co. uses direct labor hours in its predetermined overhead rate. At the beginning of the year, the estimated direct labor hours were 13,000 hours, and the total estimated manufacturing overhead was $315,000. At the end of the year, actual direct labor hours were 12,600 hours, and actual manufacturing overhead was $309,000. Find overhead at the end of the year. Help

General accounting

What it likely to be the price of the stock? General accounting

At the beginning of the year, Averra Corp's liabilities were $120,000. During the year, assets increased by $95,000, and at the end of the year, assets totaled $310,000. Liabilities decreased by $40,000 during the year. Calculate the amount of equity at the end of the year.

Please provide the answer to this General accounting question using the right approach.

I am looking for the correct answer to this general accounting question with appropriate explanations.

What is the expected price of this stock one year from now?