User Account

All Pages

Prepare a new contribution format income statement

Assignment Help Accounting Basics
Reference no: EM131771332

This one i pieced together some of it but the rest of my answers were wrong so what is left is what i have right. I need help finding the rest please?

Porter Company 's most recent contribution format income statement is shown below:


Total Per Unit
  Sales (35,000 units) $210,000 $6.00    
  Variable expenses   140,000 4.00    
 
  Contribution margin    70,000 $2.00    
  Fixed expenses    45,000
   
  Net operating income $ 25,000  

Required:

Prepare a new contribution format income statement under each of the following conditions (consider each case independently): (Input all amounts as positive values except losses which should be indicated by a minus sign. Do not round intermediate calculations. Round your "Per unit" answers to 2 decimal places.)

Reference no: EM131771332

Questions Cloud

Find the total amount to be repaid : Suppose you buy an appliance costing $1750 at a store charging 5% add-on interest, you make a down payment of $800, and you agree to monthly payments.
Interpreting the results of rankings : Holden (1991, p. 934) discusses the methods used to rank high school math performance among various countries.
What resources are there in the community or the us : What resources are there in the community or the US? Give the names of sites, agencies or groups who are doing something about this.
Explain the contradiction in the sets of answers : Moore (1991, p. 19) reports the following contradictory evidence: "The advice columnist Ann Landers once asked her readers.
Prepare a new contribution format income statement : Prepare a new contribution format income statement under each of the following conditions
Show the year-end balance sheet presentation : By year-end, Burns had written off $300 of specific accounts as uncollectible. Show the year-end balance sheet presentation for accounts receivable
Explain how components should have been addressed : An advertisement for a cross-country ski machine, NordicTrack, claimed, "In just 12 weeks, research shows that people who used a NordicTrack lost an average.
What limitations of the study were identified by researchers : What is the researcher's interpretation of findings? What limitations of the study were identified by researchers?
What are breakeven sales : The unit selling price is $10, unit variable costs are $7, and total fixed costs are $3,300. What are breakeven sales

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd