$5,500 2,050 Sales Fixed Expenses Variable Expenaes 1,800 What would expected operating proft be if the company experienced a 10% increese in foed costs and a 10% increese in sales vo volume? Mie Chaice Suns. $1.650.
Q: Sheridan Company uses a periodic inventory system. Its records show the following for the month of M...
A: Introduction: LIFO: LIFO stands for last in first out. Which means last received inventory to be sol...
Q: day came when a buyer for a major department store offered them a contract to produce 1,500 cakes of...
A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for y...
Q: The Maggie Company has a defined benefit pension plan for its employees. The following information p...
A: Ending projected benefit obligation = Beginning Projected benefit obligation + Service cost + Intere...
Q: artinez Company’s relevant range of production is 7,500 units to 12,500 units. When it produces and ...
A: The question is based on the concept of Cost Accounting. Fixed cost is the cost that remains the sam...
Q: Dallas and Weiss formed a partnership to manage rental properties, by investing $207,000 and $243,00...
A: Partnership means where two or more person comes together to do some common business activity and ea...
Q: Under SFAS 130, Reporting Comprehensive Income, corrections of errors are reported in
A: Correction of error includes rectify the wrong entry recorded in previous year or year before that. ...
Q: Perpetual Inventory Using Weighted Average Beginning inventory, purchases, and sales for WCS12 are a...
A: Inventory refers to the stock that the company held for the resell purpose or the stock that the com...
Q: 1. Which can qualify as cash equivalent? a. One-year BSP treasury bill b. Six-month money market p...
A: Lets understand the meaning of cash and cash equivalent. Cash and cash equivalent refers to cash and...
Q: The AAA account for an S corporation can never be a negative number. True False
A: AAA Account : It is the accumulated adjustment account which is used by S corporation and which cont...
Q: Ali, a consumer, buys electronics worth $20,000, while Consumer Jumabuys for $45,000 and Consumer Sa...
A: VAT is Value added tax which is consumption based tax. In various countries it is alternative for GS...
Q: In January, 2022, Harmony Inc. has the following expenditures related to manufacturing a new generat...
A: In manufacturing industries, the most commonly used fixed asset are the machineries. The acquisition...
Q: During the year ended 30 June 2021 Preti, a resident taxpayer, received salary and wages income of $...
A: Pay As You Go (PAYG) Instalments seem to be a method of paying instalments throughout the fiscal yea...
Q: The problem to be resolved: The following trial balance was extracted from the books of Movies To...
A: 1. Adjusting Entries - Adjusting Entries are the entries which are made at the year end. Due to adju...
Q: Date Particular Dr Cr May1,2018 Cash A/C 500000 To Capital A/c 500000 ( Being Capita...
A: Ledger accounts are the posting done from journal entries . The balances of ledger accounts are used...
Q: 7. Stock quotes Smith Enterprises recently was profiled on a financial information website and toute...
A: Smith Company trades on NYSE as it is already mentioned in the question.
Q: Gold Star Rice, Limited, of Thaland exports Thai rice throughout Asia. The company grows three varie...
A: Calculation of contribution format income statement and break even point are as follows
Q: FINANCIAL FORECASTING Sue Wilson, the new financial manager of New World Chemicals (NWC), aCaliforni...
A: Income statement refers to the document which reflects the revenue gained and expenses born by an en...
Q: Periodic Inventory Using FIFO, LIFO, and Weighted Average Cost Methods The units of an item availabl...
A: Inventory valuation is based on the flow of exemption used by the company. There are many methods fo...
Q: Christie and Jergens formed a partnership with capital contributions of $350,000 and $450,000, respe...
A: Introduction: Partnership: Its an agreement between two or more partners for forming a business and ...
Q: 1. Following the depreciation example on page 7-7 of the VLN determine Activity based year 2 accumul...
A: Depreciation Expenses Calculation of Depreciation cost is important for the business which can be re...
Q: Q-7 The financial position of two companies Alex Ltd. and Beta Ltd. as on 31st March, 2017 was as un...
A: Absorption of Company: It is the business arrangement where an existing company is takes over by ...
Q: What is the risk free return?
A: Rate of return is the return percentage which an investor gets from the money which has been investe...
Q: 6. Answer the Days of Working Capital based on the information below: 2020 2021 Profit for the year ...
A: Days of working capital = Working capital * 365 / Revenue Working capital = Current assets - Current...
Q: 2. (a) What would be the assessment procedure in case of discontinued business? (b) For accelerating...
A: Here discuss about the taxation system which was involved with the Bangladesh and the assessment pro...
Q: Calculate the trade discount and net price (in $) to the nearest cent. List Price Trade Discount Rat...
A: Lets understand the basics. Trade discount is a discount which is provided to the customer for purch...
Q: On January 1, the first day of the fiscal year, a company issues a $700,000, 7%, 10-year bond that p...
A: Introduction: Journals: Recording of a business transactions in a chronological order. First step in...
Q: On December 31, Jarden Company's Allowance for Doubtful Accounts has an unadjusted credit balance of...
A: Bad debts expense = Estimated uncollectible accounts - Beginning Credit balance of Allowance for dou...
Q: Q1 A company is considering an investment proposal which has in investment outlay of RO 50,000. The ...
A: ANSWER ARR = 14.8 % CALCULATION OF ACCOUNTING RATE OF RETURN ( ARR ) INITIAL INVESTMENT = RO 50000 P...
Q: How do the major provisionsof the Sarbanes–Oxley Actaffect a public company’s auditprocedures?
A: Auditing involves an independent examination of financial records of the entity with a view to provi...
Q: 12. During the current year, Hyatt Company issued for P110 per share, 15,000 convertible preference ...
A: company generally issue shares and debentures in order to raise capital. share issued may be either ...
Q: Angela Lopez owns and manages a consulting firm called Metrix, which began operations on December 1....
A: Financial Statement - Financial Statements of the company includes - 1. Income Statement 2. Statemen...
Q: On December 31, Jarden Company's Allowance for Doubtful Accounts has an unadjusted credit bala Jarde...
A: A person's or corporation's net income is the amount generated after deducting costs, allowances, an...
Q: Ace Hardware Inc has the following information: • Dividends on its 10,000 cumulative preference shar...
A: Retained Earnings The calculation of retained earnings is added the net earning which are incurred i...
Q: What is the difference betweena balance sheet and an incomestatement?
A: The financial statements of the business includes the income statement, balance sheet and cash flow ...
Q: Lauren Sign Company uses the allowance method in accounting for uncollectible accounts. Past experie...
A: Bad debts expense = Net credit sales x 3% Allowance for Doubtful Accounts balance at end = Allowance...
Q: Ukraine Company, your client, failed to record accrued salaries expense of P 50,000 as of December 3...
A: Accrued salaries expense means expenses incurred but not yet paid. The failure to record the transac...
Q: Information asymmetry vs Information Symmetry: What is addressed in Financial Markets? IV. Savers an...
A: Financial market is the market which does not now onwards any more physical existence just because o...
Q: Esquire Inc. uses the LIFO method to report its inventory. Inventory at January 1, 2021, was $600,00...
A: Under Last-in-First out method, inventory that is brought at later dates is sold first ( Newest good...
Q: our years of employment, John was able to save P250,000 after he had invested on purchasing a motorc...
A: There is need of financial planning for the future and must invest with care and considering the all...
Q: Required: 1. Using FIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross pr...
A: Solution Concept Under FIFO method the goods purchased first is sold first cost of goods sold ...
Q: Based upon this information, how would I make the following journal entries? Record annual pension ...
A: Record of above journal entry with all necessary workings are as follows.
Q: At the beginning of 2021, Quentin and Kopps (Q&K) adopted the dollar-value LIFO (DVL) inventory meth...
A: Dollar base lifo method of inventory valuation is the method which consider dollar value in valuatio...
Q: North Airlines Company issued $900,000 of 8%, 10-year bonds on January 1, 2017, at Face value. Inter...
A: "Since you have posted a question with multiple sub parts, we will solve first three sub parts for y...
Q: d) Suppose you begin making a monthly payment of $75.00. Fill in the table. Current Month Interest P...
A: Month Current Balance Interest Payment Amount applied to the Principal 1 $2750.00 $45.38 $75 ...
Q: Question 31 (? During 2021, NorthHill Services has revenues of $58.000, expenses other than income t...
A: " Since you have asked multiple question,we will solve the first question for you.If you want any sp...
Q: Total Per Unit Sales (7,200 units) Variable expenses $ 230,400 136, 800 $ 32.00 19.00 Contribution m...
A: Formula: Sales revenue = Sales units x sales price per unit
Q: The RiMiA decided to end their partnership business on September 30, 2018. On this date, their capit...
A: The partnership comes into existence when two or more persons agree to do the business and further s...
Q: n informs the auditor that they have now implemented a process to correct a serious nonconformity th...
A: It is not correct from side of representative of management to ask to re-examine the process during ...
Q: Telamark Company uses the moving weighted average method for inventory costing. The following incomp...
A: calculation of above requirement are as follows:
Q: Journalize the adjusting entry required at the end of the year, assuming the amount of unexpired ins...
A: Insurance policy can not be purchased in the beginning of the year. It is purchased as per requireme...
Step by step
Solved in 2 steps
- content/qualsims/accounting/cost_volume_profit/v2/player/#/891e73d6eefafa67438268e177eaa497_qualsimsaccountingcost_volume_profitmiller_nobles_mattis 75 Tumblers Sora per month Sales Revenue Less: Variable Expenses Contribution Margin Less: Fixed Expenses Operating Income Total Per Unit $ 2,250 $ 30 1,350 18 $ 900 $ 12 250 $ 650 In order to determine how much contribution margin is earned for each $1 of sales, what is the contribution margin ratio on your tumbler sales? Round to the nearest whole number. Select an option from the choices below and click Submit. ○ 29% ○ 40% ○ 250% Submit(e) Product Blue Product Red £ £Selling £12.00 £24.00Variable cost £ 4.00 £ 8.00Contribution margin £ 8.00 £16.00Fixed costs apportioned £200,000 £400,000Budgeted Sales Units 140,000 60,000Required:Calculate the breakeven points, for each product and the company as a wholeand comment on your findingsSCRUMPTIOUS CUPCAKESProfit and loss accountfor the year ended 30 April 20202020£SalesSales 220,000Cost of sales 120,000Gross Profit 100,000ExpensesSalaries 24,000Other Fixed cost 4,800Distribution 3,000Advertising 4,500Rent 13,200AHUtilities 3,600Other Cost 4,00057,100Operating Profit 42,900 SCRUMPTIOUS CUPCAKESBalance Sheetas at 30 April 20202020£Fixed assetsIntangible assets -Tangible assets 35,000Investments -35,000Current assetsStocks 3,000Debtors 10,000Cash at bank and in hand 6,30019,300Written ReportsCreditors: amounts falling duewithin one year (11,300)Net Current Assets 8,000Total assets less currentliabilities 43,000Net Assets 43,000Capital and reservesCalled up share capital 100Profit and loss account 42,900Shareholders' funds 43,000 please calculate the folliwing ratios: Profitability Ratios – Gross Profit Margin, Net Profit Margin and ROCE● Liquidity – Current Test and Acid Test● Gearing● Activity/Performance – Stock Turnover, Debtors’ Collection Period and AssetTurnover…
- the Sales Cost ( 390000)$ , Sales ( 990000)$ , Ind. Marketing ( f. ) ( 120000)$ Ind. Exp. ( f.) ( 150000)$. Ad. Cost ( 220000)$. Net profit ( using variable Cost ) ?Ma4. Given: Selling price per unit Euros 96,00 € Total fixed Expenses Euros 106 000,00 € Variable Expenses per unit Euros 36,00 € Target profit Euros 23 000,00 € If Variable Expenses are reduced by : % 25% and if Total Fixed Expenses are increased by : % 15% Find sales in units to achieve target profit Units a. (23,000+106,000x(1/0.15))/(96-36x(1/0.25)) b. (23,000+106,000x(1+0.15))*(96-36x(1-0.25)) c. (23,000-106,000/(1+0.15))/(96-36x(1-0.25)) d. (23,000+106,000x(1+0.15))/(96-36x(1-0.25)) e. (23,000+106,000x(1+0.15))*(96+36x(1-0.25)) f. (23,000-106,000x(1+0.15))/(96-36x(1-0.25)) g. (23,000+106,000x(1/0.15))/(96-36x(1-0.25))M MISLANG MANAGEMENT CONSULTANCY SERVICES "Your SECs Is My Existarnce 1,260,000 900,000 360,000 D. Net Sales Cost of goods sold Gross Profit 1. If the given data is Gross profit based on cost of 40%. What is the cost ratio? 2. If the given data is Gross profit based on sales of 40% What is the sales ratio? meetgoogie com sarg youreen St shering Hie ET a t Dee D Mt y nE
- Sales 270000 € - Variable Expenses 180000 € Contribution Margin 90000 € -Fixed Expenses 36000 € =Net operating income 54000 E What is the Margin of safety in E?with 700 unts the dala is Sales $200.c0 Naciable capense a$85000 Eixed expdase 450000. with 850 unit the dala is Sales $25O: O00 Vaiable expense $93 000 while kixted Samel Finds, expenses leman 2 har Net operaling income 700lunits 850its. What is connibulion maph unit? per a what R diperence when sales conhibution masan Increase 2neyel your anawerTotal Sales are 500,000 OMR, Total Variable cost is 150000 OMR. Fixed cost is 200000 OMR Calculate Total profit Select one: O a. 265000 OMR O b. 180000 OMR O c. 150000 OMR O d. 500000 OMR
- The following information is available for Concord Corporation: Total fixed $150000 expenses == Total variable. 320000 expenses Sales Cost of goods sold $570000 370000 A CVP income statement would report O gross profit of $250000, contribution margin of $420000. Ogross profit of $200000. O contribution margin of $250000.Solve following 1) Units sold 10000 Variable Expenses $0.07Million C.M.P.U $13 NI $0.012Million Sales? Fixed Expenses? 2) Variable Expenses 0.4 Fixed Expenses $0.13Million NI $0.02Million Sales? С.М. Total? 3) Sales $0.6Million Variable Expenses 0.7 NI ($0.005Million) С.М. Total? Fixed Expenses?solve the followinng unit sold 10000 variable expense $0.07million contribution margin .P.U $13 NI $0.012 MILLION sales ? fixed expense ? 2-- variable expense 0.4 fixed expense $0.13million NI $0.02million sales ? contriution margin total ? 3--- sales $0.6million variable expense 0.7 NI $0.005million contribution margin total ? fixed expense ?