Lister Corporation has provided the following contribution format income statement. Assume that the following information is within the relevant range. Sales (3,000 units)$90,000Variable expenses 58,500Contribution margin 31,500Fixed expenses 21,000Net operating income$10,500 If sales increase to 3,040 units, the increase in net operating income would be closest to:
A. $1,200.00
B. $140.00
C. $780.00
D. $420.00
Answer: D
You might also like to view...
The filing of a bankruptcy petition operates as an automatic stay of various forms of creditor actions against a debtor or his property.
Answer the following statement true (T) or false (F)
Which of the following is decreased with a credit?
A. Liabilities B. Assets C. Net Income D. Stockholders' Equity
Harry and Brenda are husband and wife. Using his funds, Harry purchases real estate which he lists as: "Harry and Brenda, tenants by the entirety with right of survivorship.". If Brenda dies first, none of the real estate will be included in her gross estate
a. True b. False Indicate whether the statement is true or false
[The following information applies to the questions displayed below.] Darlington Company entered into the following business events during its first month of operations. The company uses the perpetual inventory system.1) The company purchased $12,500 of merchandise on account under terms 2/10, n/30. 2) The company returned $1,200 of merchandise to the supplier before payment was made. 3) The liability was paid within the discount period. 4) All of the merchandise purchased was sold for $18,800 cash. What is the net cash flow from operating activities as a result of the four transactions?
A. $5,100 B. $7,726 C. $11,074 D. $6,550