1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Reika [66]
3 years ago
7

Confirm your calculations in Requirement 3 above by increasing the unit sales in your worksheet by 20% so that the Data area loo

ks like this:
Unit sales 60,000 units

Selling price per unit 50 per unit

Variable expenses per 30 per unit

Fixed expenses 500,000


(a) What is net operating income? (Negative amount should be indicated by a minus sign.)

(b) By what percentage did the net operating income increase?
Business
1 answer:
PtichkaEL [24]3 years ago
4 0

Answer:

a. $700,000

b. 40% increase

Explanation:

As per the data given in the question,

a)  

Increase in sales = 20%

So last  unit sale

= Unit sales ÷ increased unit sales percentage

= 60,000 ÷ 1.2

= 50,000

Previous year operating income  is

= Last unit sales × (Selling price per unit - variable cost per unit) - Fixed expenses

= 50,000 × ($50-$30) - $500,000

= $500,000

Current Net operating income  is

= Current units sales × (Selling price per unit - variable cost per unit) - Fixed expenses

= 60,000 × ($50-$30) - $500,000

= $700,000

b)

Percentage increase in net operating income is

= (Current Net operating income - Previous year operating income) ÷ Previous year operating income

= ($700,000 - $500,000) ÷ $500,000

= 40% increase

The net operating income is the income which is come after deducting all the variable cost, fixed cost from the sales revenue i.e earned by the company

You might be interested in
Which statement best describes an artifact that a company would have as
Anika [276]

Answer:

A

Explanation:

Organisational culture can be described as as shared beliefs and practices that inform the best way to behave in an organisation.

Types of Organisational culture

1. Clan culture : it emphasizes teamwork among employees in the organisation

2. Adhocracy culture - emphasises and promotes risk taking in the organisation

3. Market culture - emphasises and promotes competition and innovation in the organisation

4. Hierarchy culture - emphasise a defined structure and stability in the organisation

Artefacts of organizational culture  obvious elements of an organization's culture

option a is an artefact of market culture

4 0
3 years ago
Suppose the fed sells $50 million of government securities to the bank of america. complete the sentences. the fed's total asset
abruzzese [7]

Suppose the fed sells $50 million of government securities to the bank of America. complete the sentences. the fed's total assets increase by​ $50 million and its total liabilities do not​ change.

<h3></h3><h3>What are liabilities?</h3>
  • A liability is defined in financial accounting as the future forfeitures of economic benefits that an entity must make to other entities as a result of previous transactions or other previous events, the resolution of which may result in the transfer or use of assets, the provision of services, or another future yielding of economic benefits.
  • Financial accounting liabilities might be based on equitable duties or constructive obligations rather than having to be legally enforceable.
  • A responsibility based on moral or ethical principles is referred to as an equitable obligation.
  • Contrary to an obligation that is founded on a contract, a constructive duty is one that is suggested by a particular combination of circumstances.

To learn more about the liability, refer to the following link:

brainly.com/question/24534918

#SPJ4

7 0
1 year ago
Westenhover City is a municipality that has governmental activities, business-type activities, a discrete component unit, and a
Ann [662]

Answer:

The answer is letter C.

Explanation:

Revenues of the blended component unit.

4 0
3 years ago
When you're in a worksheet for capital budgeting, how do you apply the discount rate to cash flow so you can discount the future
Reil [10]

Worksheet for capital budgeting, a way to observe the bargain charge to coins glide so you can bargain the future coins flows: one plus the bargain price raised to the range of years inside the future, then divide trash glide.

Capital budgeting is the technique that an enterprise makes use of to determine which proposed fixed asset purchases it needs to take delivery of, and which should be declined. This technique is used to create a quantitative view of each proposed fixed asset funding, thereby giving a rational foundation for creating a judgment.

Capital budgeting is the method a business undertakes to assess capacity for main tasks or investments. creation of a brand new plant or a huge investment in an outside mission are examples of tasks that would require capital budgeting earlier than they're authorized or rejected.

Capital budgeting, and investment appraisal, in corporate finance, is the planning process used to decide whether or not a corporation's long-term investments which include new equipment, an alternative of machinery.

Learn more about Capital budgetin here: brainly.com/question/24347956

#SPJ4

3 0
2 years ago
Who is responsible for withholding the employees income tax?​
7nadin3 [17]

Answer:

For the most part, the employer withholds these taxes on behalf of their employees, but in cases where an employer does not do this, or where an employee is self-employed, it is the responsibility of the employee to pay these withholding taxes

5 0
3 years ago
Other questions:
  • A company's sales forecast would likely consider all of the following factors except:
    10·1 answer
  • What is the formula for determining productivity?!
    13·1 answer
  • Lean systems try to:
    13·1 answer
  • When should i use a comma to separate a description of items in a sentence
    8·1 answer
  • Match the jobs with the education requirements.
    11·2 answers
  • Which of the following is an economic resource?
    7·2 answers
  • HAWT................................................
    5·1 answer
  • Smith Company reported $350,000 in book income before income tax during 20X1, its first year of operation. The tax depreciation
    5·1 answer
  • Select a topic and develop a curriculum targeted to 6th-grade students.
    5·1 answer
  • COMO CREES QUE SE PODRIA SOLUCIONAR LA POBREZA ?? POR FAVOR DOY CORONA , Y CORAZON ( E QUE NO SEPA NO ESCRIBA ) :(
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!