Omega Company has sales of $350,000 and cost of goods sold of $225,000. The cost of goods sold is a variable cost. The Company incurred $25,000 of fixed operating expenses and $45,000 of variable operating expenses. Based on this information a 10% increase in revenue will produce a Note: Round your intermediate calculation to 2 decimal places and final answer to one decimal. which aswer is correct? a. 13.8% change in net income b. 20.0% change in net income c. 27.5% change in net income d. 15.2% change in net income
Omega Company has sales of $350,000 and cost of goods sold of $225,000. The cost of goods sold is a variable cost. The Company incurred $25,000 of fixed operating expenses and $45,000 of variable operating expenses. Based on this information a 10% increase in revenue will produce a Note: Round your intermediate calculation to 2 decimal places and final answer to one decimal. which aswer is correct? a. 13.8% change in net income b. 20.0% change in net income c. 27.5% change in net income d. 15.2% change in net income
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter5: The Income Statement And The Statement Of Cash Flows
Section: Chapter Questions
Problem 1RE: Brandt Corporation had sales revenue of 500,000 for the current year. For the year, its cost of...
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Omega Company has sales of $350,000 and cost of goods sold of $225,000. The cost of goods sold is a variable cost. The Company incurred $25,000 of fixed operating expenses and $45,000 of variable operating expenses. Based on this information a 10% increase in revenue will produce a Note: Round your intermediate calculation to 2 decimal places and final answer to one decimal.
which aswer is correct?
a. 13.8% change in net income
b. 20.0% change in net income
c. 27.5% change in net income
d. 15.2% change in net income
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