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Sphinxa [80]
3 years ago
13

Whirly Corporation’s contribution format income statement for the most recent month is shown below: Total Per Unit Sales (8,000

units) $ 248,000 $ 31.00 Variable expenses 144,000 18.00 Contribution margin 104,000 $ 13.00 Fixed expenses 55,700 Net operating income $ 48,300 Required: (Consider each case independently): 1. What would be the revised net operating income per month if the sales volume increases by 90 units
Business
1 answer:
yarga [219]3 years ago
8 0

Answer:

An increase in sale for 90 units, will increase the net income for 1$,170

Explanation:

<em>We are not given with any information of additional cost or special price for this units, so we use the current values.</em>

So we simply multiply the contribution per unit by the increase in sale.

Contribution Margin  x Δ sales = Δ income

13 x 90 = 1,170

Each unit contributes with 13 additional income, there are 90 additional units

Total income added 1,170

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The question is to determine whether Moonlight Bay Resorts is to report an asset (current or non-current) or a liability (current or non-current) in its December 31st 2021 Balance Sheet

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The net deferred tax liability                                               126 million

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