Question Details

(Answered)-4. Presented here is the income statement for Big Surf, Inc., for


4.?

Presented here is the income statement for Big Surf, Inc., for the month of May:


?

? ? ? ?
??Sales $ 60,500 ?
??Cost of goods sold ? 52,500 ?
?

?

?

?

??Gross profit $ 8,000 ?
??Operating expenses ? 15,700 ?
?

?

?

?

??Operating loss $ (7,700 )
?

?

?

?

?

Based on an analysis of cost behavior patterns, it has been determined that the company's contribution margin ratio is 18%.

???

Required:
a.

Rearrange the preceding income statement to the contribution margin format.

?

?____________________________ __________________________

____________________________ __________________________


____________________________ __________________________


____________________________ __________________________


____________________________ __________________________

????????

b.

If sales increase by 10%, what will be the firm's operating income (or loss)? (Round your answer to the nearest whole dollar.)

? ?________________???? ________________________

????????

c.

Calculate the amount of revenue required for Big Surf, Inc., to break even. (Round your answer to the nearest whole dollar.)

Break even:? ________________________

 


Solution details:

Pay using PayPal (No PayPal account Required) or your credit card . All your purchases are securely protected by .
SiteLock

About this Question

STATUS

Answered

QUALITY

Approved

DATE ANSWERED

Oct 07, 2020

EXPERT

Tutor

ANSWER RATING

GET INSTANT HELP/h4>

We have top-notch tutors who can do your essay/homework for you at a reasonable cost and then you can simply use that essay as a template to build your own arguments.

You can also use these solutions:

  • As a reference for in-depth understanding of the subject.
  • As a source of ideas / reasoning for your own research (if properly referenced)
  • For editing and paraphrasing (check your institution's definition of plagiarism and recommended paraphrase).
This we believe is a better way of understanding a problem and makes use of the efficiency of time of the student.

NEW ASSIGNMENT HELP?

Order New Solution. Quick Turnaround

Click on the button below in order to Order for a New, Original and High-Quality Essay Solutions. New orders are original solutions and precise to your writing instruction requirements. Place a New Order using the button below.

WE GUARANTEE, THAT YOUR PAPER WILL BE WRITTEN FROM SCRATCH AND WITHIN A DEADLINE.

Order Now