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anzhelika [568]
3 years ago
6

Youns Inc. reported the following results from last year’s operations: Sales $ 10,500,000 Variable expenses 6,610,000 Contributi

on margin 3,890,000 Fixed expenses 3,260,000 Net operating income $ 630,000 The company’s average operating assets were $5,000,000. At the beginning of this year, the company has a $1,400,000 investment opportunity that involves sales of $2,800,000, fixed expenses of $616,000, and a contribution margin ratio of 30% of sales. If the company pursues the investment opportunity and otherwise performs the same as last year, the combined turnover for the entire company will be closest to:
Business
1 answer:
shusha [124]3 years ago
7 0

Answer:

Combined turnover = $13,300,000.

Explanation:

The combined turnover is the sum  of the turnover for last year and the turnover after the investment opportunity is taken.

Combined turnover = turnover last year + turnover from the new investment opportunity.

=  10,500,000 + 2,800,000

= $13,300,000

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2 years ago
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Answer:

$182300

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$182300

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the calculation has been done in the attachment for further explanation

     

Download docx
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2 years ago
Assets, costs, and current liabilities are proportional to sales. Long-term debt and equity are not. The company maintains a con
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Missing information:

<u>Balance sheet </u>

Current assets $3,300 Current liabilities $2,200

Fixed assets       $10,200 Long-term debt $3,750

                          Equity                 $7,550

Total               $13,500 Total               $13,500

<u>Income statement</u>

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Costs $5,250

Taxable income $1,350

Taxes (34%) $459

Net income $891

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