Answer:
x is 2
Step-by-step explanation:
Answer:
You will need to double your net income in order to make a profit.
Step-by-step explanation:
1500 x 2 = 3000 - 2500 = 500 which is 500 dollars profit
Answer:
(4,1)
Step-by-step explanation:
when points are reflected on the y-axis you switch your x coordinate from positive to negative or the other way around the y coordinate stays the same.
(2,1) reflected is (-2,1)
(7,4) reflected is (-7,4)
(-8,-4) reflected is (8,-4)
so (-4,1) reflected is (4,1)
In an internal operating income statement, the form is as such:
(1) Sales (or Revenue) - Total Variable Costs = Contribution Margin;
(2) Contribution Margin - Total Fixed Costs = Operating Income
and
(3) Contribution Margin Ratio = Contribution Margin/Sales
The first equation helps us out. Sales is the whole amount for this statement, or 100%. We know variable costs are 62% and the rest goes to the Cont. Margin.
100% - 68% = 32% (choice A)
