Sebree Corporation has provided the following contribution format income statement. Assume that the following information is within the relevant range. Sales (7,000 units)$280,000Variable expenses 168,000Contribution margin 112,000Fixed expenses 105,600Net operating income$6,400Using the degree of operating leverage, the estimated percent increase in net operating income as the result of a 5% increase in sales is closest to: (Round your intermediate calculations to 1 decimal place.)
A. 0.29%
B. 218.75%
C. 87.50%
D. 0.11%
Answer: C
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Favre Company reports depreciation expense of $51,000 for Year 2. Also, equipment costing $173,000 was sold for a $11,100 loss in Year 2. The following selected information is available for Favre Company from its comparative balance sheet. Compute the cash received from the sale of the equipment. At December 31Year 2Year 1Equipment$665,000? $838,000? Accumulated Depreciation-Equipment 472,000? 555,000?
A. $39,000. B. $51,000. C. $50,100. D. $27,900. E. $71,900.
Bonner Company's direct labor cost for March was as follows: Actual direct labor hours 30,000 Standard direct labor hours 31,500 Rate variance$4,500UTotal payroll$189,000 Labor mix variance$4,225UIs the direct labor yield variance favorable or unfavorable?
A. Favorable. B. Unfavorable.
Which of the following is a function of the sample data on which the decision to reject or fail to reject H0 is to be based?
a. a test statistic b. a rejection region c. a hypothesis d. a parameter
Public employers, unquestionably, are state actors for the purposes of the ______ and ______ Amendments' restrictions.?
A) ?Fifth; Fourth B) ?Fourth; Fourteenth C) ?Fourteenth; Fifth D) ?Fifth; Ninth