4 Assume the following information: Sales Variable expenses Contribution margin Fixed expenses Net operating income The dollar sales to attain a target profit of $184,000 is: Amount $ 300,000 Per Unit $ 40 15 112,500 187,500 $ 25 58,000 $ 129,500 Multiple Choice $645,333. $429,500. $387,200. < Prev 16 d
Q: Complete the Analyzing Stock Market Sectors exercise (Chapter 3 DA Exercise 2) before answering this…
A: 1. **Open your Excel Workbook**: Open the Excel file where you have your stock market sector data.…
Q: Which of the following journal entries is recorded in a general journal for the payment of the State…
A: The objective of the question is to identify the correct journal entry for the payment of the State…
Q: Week 8 Excel Spreadsheet to be used with the Practice Set: Years Acquisition stage cash flow:…
A: The Week 8 Excel Spreadsheet for the Practice Set includes various financial metrics related to cash…
Q: Which of the following will most likely cause backflows? Multiple Choice О falling wages in a…
A: Poor information can significantly influence migrants' decision-making processes. When migrants are…
Q: Domestic accounting standards developed to meet the needs of domestic environments. Which of these…
A: Define the business environment:The business environment can be defined as the summation of all the…
Q: On the basis of the following stockholders' equity accounts, indicate the items, exclusive of net…
A: Stockholders' Equity Account 1:1. January 1: - Balance, 60,000 shares: $300,0002. April 2: -…
Q: A clinic is considering the possibility of two new purchases: new MRI equipment and new biopsy…
A: PAYBACK PERIOD -to compute for Payback Period, we will use the formula A+(B/C) where:A = last period…
Q: Sims limited issued a 8% K350million convertible debt on 1/1/2016 for a three year period. The bond…
A: Here are the measures that we will take in order to take into consideration the 8% convertible debt…
Q: The Kilp Sisters Trust is required to distribute $60,000 annually equally to its two income…
A:
Q: The Games Company produces a specialty football item, and has the following information available…
A:
Q: Bed & Bath, a retailing company, has two departments-Hardware and Linens. The company's most recent…
A: The $374,000 fixed cost will still be incurred regardless of the decision therefore it is ignored in…
Q: 7. Travel expenses paid by companies changes when there are rate changes in the daily rate for hotel…
A: To test if average daily rate is higher in 2022 than 2019i.e. null and alternate hypotheses will…
Q: [The following information applies to the questions displayed below.] Matthew (48 at year-end)…
A: b-1. SV will contribute $55,000 to Mattew's money purchase Plan. Explanation: SV can Contribute…
Q: Bart paid $150,000 for a piece of equipment for his business. Bart's income statement puts the…
A: Given,Book value = $150000 We know that,Double-declining-balance rate = [2 * straight line…
Q: Provide all 7 entries
A: The first item details the original 1,000 devices purchased on May 3 for $9 apiece. This results in…
Q: Which of the following forms of compensation to an active member of the U.S. Armed Forces is likely…
A: The Basic Allowance for Subsistence (BAS) is one of the many types of compensation given to active…
Q: Exercise 19-24 (Algo) New shares; contingently issuable shares [LO19-6,19-12] During 2024, its…
A: Part 2: Explanation:Step 1: Calculate the weighted average number of common shares outstanding.To…
Q: Pharoah Company is considering a long-term investment project called ZIP. ZIP will require an…
A:
Q: TrueTest Limited, manufactures a product for the construction industry, it closes its books and…
A: TrueTest Limited: Production Cost Analysis for May (Explained in Detail)IntroductionImagine you're…
Q: What is the present value of 10 equal payments of $21,000 to be made at the end of each year for the…
A: Computation of present value:Present value = Cash outflows * PVAF@10% for 10 yearsPresent Value =…
Q: A7
A: The objective of the question is to calculate the correct overall change in the net position in the…
Q: uestions Problem 15-15 Algo (Decision Analysis with Sample Information) Question 3 of 3 Hint(s)…
A: When the probability that the rezoning will be approved is 0.5, the expected profit for purchasing…
Q: Journalize the following transactions for Coronado, Inc. (a) Incurred direct labor costs of $23,680…
A: Here is how you can fill out the journal entry forms:For transaction (a):(a)Account Titles and…
Q: A4
A: To decide whether to sell the units as scrap or rework them, we can conduct a scrap or rework…
Q: Isaacson Dental Inc. is considering a new lean product cell. The present manufacturing approach…
A: The objective of this question is to calculate the value-added time, non-value-added time, total…
Q: In Quickbooks Online 2023, which window does these transactions go such as the bill window, invoice…
A: The Davis Family is the recipient of Invoice No. 1150, dated April 6, which details the provision of…
Q: Exercise 14-23 (Algo) Early extinguishment [LO14-5] The balance sheet of River Electronics…
A: Step 1: Introduction to bonds payableBonds payable refers to a type of long-term debt that a company…
Q: The net profit after tax for AB Limited for the year ended 31/12/2023 was K125 000 and the company…
A: a) Calculation of Basic EPS:Basic EPS = Net profit after tax / Weighted average number of ordinary…
Q: The four key behavioral considerations in management accounting and control system design include…
A: In designing a management accounting and control system (MACS), organizations must carefully…
Q: Meargia Plastics is evaluating its plastic bottles division. The accounting manager has come up with…
A: The objective of the question is to calculate the controllable margin and the total contribution by…
Q: Provide all 8 solutions
A: Montoure Company's inventory and sales data lead to the following results:Cost of Goods Available…
Q: Don't give answer in image
A: Explanation:Step 1: Calculate annual cash inflows- Additional mufflers replaced per week: 5- Revenue…
Q: 1. A bookkeeper in error recorded the purchase cost of a new item of equipment as GHC36,000 when it…
A: The objective of the question is to find the correct profit figure after adjusting for the…
Q: atement this account. or Balance Account Name Account Type (*) Is this account part of Retained…
A: The objective of the question is to identify whether each account is part of Retained Earnings, its…
Q: In Quickbooks Online 2023, which window would these transactions be recorded in? For example: the…
A: Step 1: is to determine the kind of transaction and the document that originated it, such as a bill,…
Q: The Select one: establishes procedures for resolving billing errors on credit card accounts and…
A: The objective of the question is to identify the correct act that establishes procedures for…
Q: John is divorced and files a tax return claiming his daughter (age 15) and his son (age 19) as…
A: To calculate John's Child Tax Credit for 2022, we need to consider the following factors:1.…
Q: At September 1, 2010, Kern Enterprises reported a cash balance of $45,000. During the month, Kern…
A: Step 1: Introduction to Disbursements of Cash:Disbursements of cash mean the payment of the cash to…
Q: Please fill out this chart
A: Step 1:Computation of the break-even point in units:Break-even point in units = Total fixed…
Q: A film of soapy water (n = 1.33) on top of a sheet of Plexiglas (n = 1.51) has a thickness of 176…
A: Step 1:Thickness of the soapy film is 176nmRefractive index of soapy film is 1.33Refractive index of…
Q: A4
A: The objective of the question is to determine how the adjustment for the effect of changing to the…
Q: Table 1. Estimated cost of ‘Sunbeam’ appliances at Coles’ selected stores. Costs $…
A: Step 1: Establishing the Basic Financial Framework for AnalysisThe initial step is to calculate the…
Q: The following data from the just completed year are taken from the accounting records of Mason…
A: 1) Schedule of Cost of Goods Manufactured Schedule of Cost of Goods ManufacturedDirect materials:…
Q: Prepare the entries for the following transactions for Galindo's Grocery using a general journal:…
A: Account TitleDebitCreditExplanationReplaced the checkout computer in Checkout Stand A for $2,200…
Q: It is talking about Hong Kong Tax, Special Business, Profit Tax Comuptaion of Financila…
A: The objective of the question is to understand the terms 'Initiation' and 'Funding' as per the…
Q: None
A: Part 2: Explanation:Step 1: Calculate the additional revenue from further processing one pound of…
Q: Foster Incorporated is trying to decide whether to lease or purchase a piece of equipment needed for…
A: The objective of the question is to determine whether Foster Incorporated should lease or buy the…
Q: am. 155.
A: The objective of the question is to calculate the adjusted cash balance per books. This involves…
Q: The Loban Company purchased four cars for $9,000 each, and expects that they would be sold in three…
A: Step 1: Definition of the Straight-Line Method:The straight-line method is one of the methods of…
Q: Blue Jay Corporation has ordinary income from operations of $60,000, net long-term capital gain of…
A: Net Capital Gain: First, we need to consider both long-term and short-term capital gains and losses.…
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- Remember: Gross profit = SP- CP Activity 1.2 enti Complete the following table: Table 1.2: Finding the cost price, the gross profit or the selling price No Cast price Gross prafit Selling price 1.2.1 R5 600 R8 700 1.2.2 R3 400 30% 1.2.3 R6 800 R12 700 1.2.4 R17 500 R35 000 The owner of an enterprise has to calculate both the gross and the net profit. A business has certain operating expenses thai must be deducied from the gross profit to get the net profit. Examples of operating expenses are: • Salaries Wages • Rent paid/rent expense • Advertisements • Stationery. The cost of advertising the business is one example of an operating expense. Gross profit minaş operating expenses equals net profit."Determine the missing amounts. Unit SellingPrice Unit VariableCosts Unit ContributionMargin Contribution MarginRatio 1. $750 $375 $ (a) % (b) 2. $450 $ (c) $153 % (d) 3. $ (e) $ (f) $760 40 %$100,000 80,000 60,000 40,000 20,000 0 Cost-Volume-Rofit Graph Multiple Choice O F 1.000 2.000 3.000 Refer to the figure above. Line A is the: variable cost line. total revenue line. total cost line. H fixed cost line. profit line. D m B 4.000 5.000 Units
- 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(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 findingsFill in the missing amounts in each of the eight case situations below. Each case is independent of the others. Required: a. Assume that only one product is being sold in each of the four following case situations: b. Assume that more than one product is being sold in each of the four following case situations: Complete this question by entering your answers in the tabs below. Required A Required B Assume that only one product is being sold in each of the four following case situations: (Loss amounts should be indicated by a minus sign.) Units sold Sales Variable expenses Fixed expenses Net operating income (loss) Contribution margin per unit $ Case 1 10,000 340,000 $ 150,000 96,000 $ $ Case 2 364,500 172,000 57,500 $ 17 S Required A Case 3 19,300 270,200 $ 73,400 $ 8 Case 4 Required B > 5,700 165,300 73,000 (4,600)
- Direct fixed cost controllable by of the period just ended: Contribution margin Period expenses: Manager's salary Depreciation expense Allocated administrative costs25.000 Profit center #1 income Of the foregoing, in all likelihood, Mr. Iglesias controls P350.000 P100,000 40,000 165,000 P185.000 C. P100,000 A. P165.000 В. P185.000 D. P350,000 20. The following is a summarized income statement of CoolKid Co.'s profit cente No. 44 for March: Contribution margin P70,000 Period expenses: Manager's salary Facility depreciation Corporate expense allocation Profit center income P20.000 8.000 5,000 (33,000) P37.000 Which of the following amounts is most likely subject to the control of the p center's manager? А. P70.000 C. P37,000 D. P33,000 В. P50,000SCRUMPTIOUS 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 ) ?
- ABFHRL437 Corporation’s info is bel ow: Sales $509,000 VC $101,800 FC $22,730 NOI $384,470 Q. How much is ABFHRL437’s Contribution Margin? A. $Qe/ from the following tralasaction, prepar income Statement Sales reven ue tinished Goods V 50006 Net purchoses loo00 rent expenses 250 000 returns sales lo o00 So00 rent revenue 30oo administrutive Expensese 2e00 Sales salaries looo Depreriation other expensese tax income tooo +5006 finished goads 344 7o00 . toooHRM ASSIGNMENT- MBA II SEM POF Entrepreneurship_MBA II Sem.pd x PDE Financial Management - MBA II X O File | C:/Users/ANIKET%20PATWA/Downloads/Financial%20Management%20-%20MBA%2011%20Sem%20.pdf (D Page view A Read aloud V Draw E Highlight 1 of 2 ++ Erase Profit Rs.10,000 Variable Cost 70% 4. The comparative statement of two companies, namely Radha Co. Ltd and Mohan Co. Ltd. given below: Particulars Radha Co. Mohan Co. Sales 400000 400000 Variable Cost 200000 200000 Contribution Calculate? Calculate? Fixed Cost 100000 EBIT Calculate? Calculate? Interest 1000 EBT Calculate? Calculate? You are required to calculate different leverages, and comment which company is better in financial terms, assuming the rate of taxes is 30% and number of shares is 6000. 5. N O 15:58 O Type here to search a 4)) ENG 25 03-05-2021 +