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HACTEHA [7]
3 years ago
12

Turner Company's contribution margin ratio is 15%. If the degree of operating leverage is 12 at the $150,000 sales level, net op

erating income at the $150,000 sales level must equal: Group of answer choices
Business
1 answer:
fomenos3 years ago
7 0

Answer:

<em>Net operating income = $1,875</em>

Explanation:

<em>The operating leverage is the ratio of Contribution to Net Operating Income. It is used to analyse the cost structure of a business to determine how much of its total cost is fixed.</em>

It is computed as follows:

<em>Operating leverage = Contribution/Net operating income</em>

Contribution = Contribution margin × Sales revenue

                    = 15% × $150,000

                  = $22,500

Substitute this into the operating leverage equation

12 = 22,500/ y

y = 22,500/12

y = 1,875

<em>Net operating income = $1,875</em>

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Riverbed Corporation issued 1,900 shares of $10 par value common stock upon conversion of 950 shares of $50 par value preferred
masya89 [10]

Answer:

The answer is given below;

Explanation:

 Preference stocks  950*50    Dr.$47,500

 Paid in capital in excess of par-preference shares  Dr.$  13,300                                  

 (64-50)*950

  Common Stocks  1,900*10        Cr.$19,000

  Paid in capital in excess of par-common stocks    Cr.$41,800

   (64*950)-(1900*10)                                        

8 0
3 years ago
As distribution manager, hassan is constantly gathering information about shipping rates, improvements in logistics analysis, an
Nastasia [14]

There are different kinds of roles in distribution. Hassan is playing the Monitor role.

<h3>What are the roles of a monitor? </h3>
  • A Monitors is known to be vital in overseeing compliance with an Integrity Pact that has been entered by the parties involved. They help to coordinate communication between the parties and also the public.

Monitors are given the powered to receive reports of any unfair practices and handle them as in the case with Hassan.

Learn more about Monitor role from

brainly.com/question/10794095

7 0
2 years ago
Rosalie’s sales numbers have declined. The Marketing Director, Product Development Lead, and Sales Manager proceed to engage in
kykrilka [37]

Answer: environmental scanning

                     

Explanation: In simple words, environmental scanning refers to the process in which an organisation tries to gather maximum information by an event  and interpret its relationship with the external and internal environment of the entity.

This process in usually done by the top management for estimating future that if there will be any opportunities  to grab or any threats to be concerned about.

Hence from the above we can conclude that the given case depicts environmental scanning.

7 0
3 years ago
McDonald's culture, with an emphasis on cleanliness, consistency, service, and the training that reinforces the value of these c
stellarik [79]

Option C

Costly to imitate criteria for sustainable competitive advantage

<h3><u>Explanation:</u></h3>

Sustainable competitive advantages are business assets, properties, or skills that are hard to replicate or exceed; and render a higher or complimentary long term situation over competitors.  A company must produce distinct goals, plans, and methods to create a sustainable competitive advantage.

 It needs huge expenditure in time and money to create a brand. It demands very limitedly to destroy it. A good brand is precious because it prompts customers to favor the brand over competitors. A unique product or service increases customer support and is less suitable for a competitor to imitate.

6 0
3 years ago
A bond issue with a face amount of $1,200,000 bears interest at the rate of 9%. The current market rate of interest is 10%. Thes
katrin [286]

Answer: The selling price of the bond will be less than $1,200,000

Explanation:

From the question, we are informed that a bond issue with a face amount of $1,200,000 bears interest at the rate of 9% and that the current market rate of interest is 10%.

Since the market rate is 10% which is higher than coupon rate of 9%, this means that the market price for the bond will be smaller than the bond's face value.

Therefore, the selling price of the bond will be less than $1,200,000.

7 0
3 years ago
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