(0) Given i formation of Bolux Milling as follows Sales. 200000 Variable cost. 100000 Fixed cost. 60000 What is percentage increase in ptoduction to earn same amount of net profit in Dec 2019 if the selling orice is reduced by 10%

(0) Given i formation of Bolux Milling as follows Sales. 200000 Variable cost. 100000 Fixed cost. 60000 What is percentage increase in ptoduction to earn same amount of net profit in Dec 2019 if the selling orice is reduced by 10%

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Related questions

Q: The markup of a product is RO 90. If the markup is 45% of selling, what is the cost? a. RO 200 b. RO…

A: Cost of the product = markup / markup %

Q: Chapter 3 A company has prepared the following projections for a year 2021 The data for the 2020 is…

A: 1. Sales for 2021 = ( 21,000 units + 21,000 x 8% ) RO 0.40 = RO 9,072

Q: Direct 24,642.07 $1,647,203,780.25 $1,924,086,640.32 $3,479,937,664- Indirect 5,457.38…

A: The present value of labor income and value added would be the equivalent cash flow considering the…

Q: If the mark-up based on cost is 50%, what is the mark-up based on sales?

A: For any organization the cost and selling price of the product has to be well defined in order to…

Q: Sales 360,000 600.000 Input(s): Libou 150 000 08,500 37.250 165,000 70.450 4700 Raw materisl Energy…

A: Partial factor productivity is computed by dividing the output by the factor input

Q: Question 3: Sohar. Company's financial information is given in the table below. Year 2019 2020 |…

A: CVP analysis is considered a decision-making tool that helps management to make strategies and take…

Q: Prepare a gross profit variation analysis for two products.…

A: Gross profit analysis refers to the method of comparing the gross profit of a company for two…

Q: Q1// A company estimates that it will sell 12000 units of its product for the forthcoming year. the…

A: Inventory: It is the stock of goods that, in all form, the company holds at a point of time. The…

Q: Fixed cost $80,000; Variable cost $2 per unit; Selling price $10 per unit. Required: Turnover for a…

A: Variable costs are costs that varies with the change in the level of output. Fixed costs are costs…

Q: For the coming year, Cabinet Inc. anticipates fixed costs of $63,450, a unit variable cost of $90,…

A: Given: Fixed costs = $63,450 Unit variable cost = $90 Unit selling price = $105 Maximum sales =…

Q: CC (Caleb Clark) enterprises forecasts 2021 sales of $400,000. The selling price per unit is $75.…

A: Total sales = $4,00,000 Sale price per unit = 75…

Q: Compute your total commision if you made 250,000 in sale if your company uses a variable or…

A: The amount of commission is calculated on the sale value and in progressive system with the sole…

Q: 2018 2019 Output (units) 120,000 126,000 Selling price per unit $25.00 $25.00…

A: Productivity changes in labour can be influenced by various factors such as technological…

Q: Complete the table: Cost Markup…

A: MARKUP % = (SELLING PRICE - COST ) / COST X 100

Q: Year Cost of operation Rescue Value 1 1500 3500 2 1600 2500 3 1800 1700 4 2100 800 5 2500 800 6 2900…

A: When the cost of using or maintaining an item rises over time, the asset must be replaced. The…

Q: Carizick Co manufactures gaming products. It has created a new games console called the QpBox which…

A: Average profit mark-up is the excess of average revenue over the average cost in the percentage…

Q: Sales = 7000 units with selling price of OMR 12 per unit Break-even point = 4000 units. Fixed cost =…

A: Profit in the means sales revenue after deducting fixed costs and variable costs.

Q: David Company operating result under absorption costing below: 2019 Sales.. $ 270,000 Cost of goods…

A: Note: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…

Q: An electric freplace cost a retaler S451.00 less 21 15%, 5% Matupin 55% of the eglar seling price…

A: Given, Cost of retailer = $451 Markup % = 55% Markdown % = 25%

Q: Company has sales of $1.573,000 for the first quarter of 2022. In making the sales, the company…

A: CVP analysis is used to identify the changes in costs and volume affect a company's operating…

Q: A company has prepared the following p The data for the 2020 is given below Sales 21000 units…

A: The question is related to evaluation of credit policy and calculation of closing receivables for…

Q: Calculate the revised net operating income (profit) (total amount, not the difference) if sales…

A: Revised net operating income (profit) statement shows the revised value after changes in some of the…

Q: achieve a profit of P6 600 for the period

A: To calculate the number of units to be produced and sold to achieve a profit of P6 600 for the…

Q: Relative to the above data, how much is the Cost of sales and Net income for the period

A: The cost of goods sold is the cost of purchases and manufacturing of the products which the company…

Q: Where do you get 1.10 the one you multiple by 30% of gross profit

A: Lets understand the basics.A fundamental financial indicator known as gross profit, also known as…

Q: Assume the following data for Eim Alex Company for the years 2019, 2020, and 2021.…

A: DD&A refers to the depreciation, depletion and amortisation while BOE is the Barrel of oil…

Q: Use the following information for #12-413: Eagle Homes had the following balances in its accounts at…

A: Solution: Revenue for 2018 = Progress billing to date + Contract asset = 1,200,000 + 150,000 =…

Q: Nash Inc. is the only player in the classy snow shovel market. The variety of shovel designs…

A: Operating income is calculated by deducting all operating expenses.Operating income = Sales - Total…

Q: Use the information provided to answer the questions. 1.1 Calculate the annual economic order…

A: Economic order quantity is the purchase of a particular quantity in one go at the least cost of…

Q: a different technologies acturing. Determine the mpanys MARR = 14.5%. B. C 900

A: Given as,

Q: A company has prepared the following projections for a year 2021 The data for the 2020 is given…

A: Budgeting is an important part of the business process. Without budgeting a business cannot track…

Q: XYZ Company's single product has a selling price of $15 per unit The fxed expenses were $100,000…

A: Contribution = Fixed expense + Profit = $100,000 + $40,000 =$140,000 Let Sales be x Total sales =…

Q: The cost and revenue information of India Company for the last year (2022) is provided below: Sales…

A: Hi student Since there are multiple subparts asked, we will answer only first three subparts. CVP…

Q: Sharp Co. has generated these data for the 2 most recent years where 2021 sales price was 10% lower…

A: Sales Value in year 2020 = P 1,900,800 Sales Value in year 2021 = P 1,944,000 Let Sales Price in…

Q: omplete the table: Cost Markup…

A: Solution: Let us assume selling price = 100 Markup on selling price = 100*40% = 40 Cost = 100 - 40 =…

Q: 1. Using the Goal Seek Tool find the Net Income breakeven point for both years changing…

A: NOTE : As per BARTLEBY guidelines, when independent questions are given, then first question is to…

Q: A. Calculate the gross profit margin for Pearson and litt for 2020 B. Explain the results of the…

A: Gross profit is the profit generated after deducting direct expenses related to the goods from the…

Q: 24. The percent of change in cost is: a)10.79% b) 10.000% c) 8.67% d) None of these

A: Cost refers to the amount that is spent to gain revenue or to acquire something. For example to…

Q: Company XYZ produces and sells 4,000 units.at this level, the company is making a profit of $20,000.…

A: The selling price per unit is determined by dividing the total sales amount by the total number of…

Q: A business determines selling price by adding a mark-up of 30% to cost. The profit earned on a…

A: Markup : The difference between the product's selling price and the product's cost is called markup.…

Question

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1: Background

VIEW

Step 2: Computation of net profit from 2019

VIEW

Step 3: Computation of contribution margin for 2020

VIEW

Step 4: Required sale

VIEW

Solution

VIEW

Step by step

Solved in 5 steps

SEE SOLUTION Check out a sample Q&A here

Similar questions

2019 2020 Sales 405000 450000 Variable cost 225000 240000 PV ratio 44.44% 46.67% BEP in sales 202500 257142.86 Fixed cost 90000 120000 Q) sales required to earn a profit of 40000 1 calculate values for both year's ??
Help asap. Thanks in advance.
Question 3: Sohar Company's financial information is given in the table below. Year Sales (OMR) Fixed Costs Variable Costs 2019 405000 90000 225000 2020 450000 120000 240000 Calculate: a) PV ratio, ь) В.Е.Р. c) Sales required to earn a profit of OMR 40000. d) Margin of safety at a profit of OMR 50000 Profit when sales are OMR. 200000. e)
Q.1 Calculate the gross profit margin for Pearson & Litt for 2020. 2019 2020 Sales price per unit R15 R19 Variable cost per unit R6 R7 Fixed cost (FC) per annum R650 000 R 855 500 Fixed cost per unit R3 R4 Current assets R450 600 R560 700 Current liabilities R510 000 R780 000 Retained profit R21 809 R17 600 Net Sales R2 900 320 R 3 100 100 Cost of sales R390 000 R475 000
Elmer's Electronics has the following information for the first three years of business: 2019 10,000 2020 11,000 3,000 $600,000 2021 12,000 8,000 S600,000 S 100 S 220 Units sold Units produced Fixed production costs Variable production costs per unit Selling price per unit Fixed selling & administrative expense 25,000 $600,000 $ 100 $ 200 $200,000 100 $ 210 $200,000 $200,000 Calculate income under both full costing and variable costing. What is the cost of ending inventory under full costing and under variable costing (assume FIFO)?
1. If you have the following information about ice-cream manufacturing unit Year Net Discount rate Returns 10% 2500 1. 700 0.909 -1000 0.826 3. 1450 0.751 1200 0.683 1700 0.621 6. 1350 0.564 7. -750 0.513 450 0.467 6. 1300 0.424 10 900 0.386 Calculate a) Discounted Payback period b) IRR and if the hurdle rate 35%, shall we accept the project or not ? Why? ) NPV
ingremng ly obede D T ta V ign Home Tooly Engineering foone Sign In Profit = 1,365,827-980,000 = 385,827 IQD ((This machine should be purchased, as it is considered to be profitable)) H.W 1- Find the internal rate using the method of Internal Rate of Return (IRR) if 1= 15%, for the table shown below. If the initial cost is (220,000 U) 350 380 400 0 0 500 1000 770 450 500 550 470 Cost (U) Revenue 780 650 690 450 880 660 890 770 (U) Year 1 2 3 4 5 6 8 10 0 AM 油

The following information has been taken from the accounting records of Ahmed and Company in first and second period. Period Sales Profit 2019 $ 100,000 $15,000 2020 150,000 25,000 Calculate: 1) Profit volume ratio 2) Fixed cost for two periods 3) Variable cost of two periods. 4) Break Even Point in dollars sales Sales required to earn a profit of $25,000 Profit when sales are $200,000
I. Cost Behavior and Estimation (HP 6) The owners of Mormont Co., Jorah and Lyanna, are expecting sales for August, 2019 to be 250,000 units. Information about Mormont's Sales and costs over the past three months, are as follows: Units Sold Sales Cost of Goods Sold Wage & Salary Expense Admin Expense May O 200,000 300,000 $3,450,000 $5,175,000 $1,575,000 $2,312,500 $950,000 $975,000 $1,300,000 $1,600,000 June July 500,000 $8,625,000 $3,787,500 $1,925,000 $2,500,000 Required: Based on the information provided, provide a projected income statement, using the contribution margin format. 5
1.3 REQUIRED Use the information given below to calculate the most economic quantity to order each time for 2023 (expressed to next whole number). INFORMATION Milton Wholesalers expects to sell approximately 3 600 cases of soap per month during 2023. Each case of soap costs R200. The cost of placing an order for soap is estimated to be R20. The inventory holding cost of one case of soap is 5% of the unit purchase price.
2019 2020 Sales price per unit R15 R19 Variable cost per unit R6 R7 Fixed cost(FC) per annum R650 000 R855 500 Fixed cost per unit R3 R4 Current assets R450 600 R560 700 Current liabilities R510 000 R780 000 Retained profit R21 809 R17 600 Net sales R2900 320 R3 100 100 Cost of sales R390 000 R475 000 The current ratio reflects the relationship between the value of the current assetsand the extent of the current liabilities of a business. Q.5.2.1 Calculate the current ratio for Pearson & Litt for 2019
Please answer all otherwise skip it, Please provide answer in text (Without image)