A business determines selling price by adding a mark-up of 30% to cost. The profit earned on a product with a selling price of £390 will be: a)  £300 b)  £117 c)  £210 d)  £90

Assume the following cost information for Johnson Company:               Selling price                          $190 per unit               Variable costs                         $80 per unit               Total fixed costs                            $95,000               Tax rate                                                21% If Johnson Company desires to earn $30,000 net income: What is the target operating income it must earn? Assume the tax rate is 21%       How many units must be sold to achieve this target operating income?         What amount of sales revenue must be earned to achieve this target operating income?

Calculate the gross profit percentage for 2022 with comparative figures  Discuss 3 ways in which the gross profit margin can be improved   2022 R 2021 R Sales (all credit) 1 435 400 1 685 400 Cost of sales (all credit) (778 700) (825 600)

5. A company has £8.00 per unit in variable production cost and £3.00 per unit in variable selling and administrative cost. The annual fixed production cost is £300,000. The annual fixed selling and administrative cost is £50,000. a. Complete the table below for the number of units and dollar value of ending inventory for each year. Assume a FIFO flow. Units Produced Units Sold Units in ending inventory Ending inventory using variable costing Ending inventory using full costing b. 2004 120,000 110,000 2005 150,000 120,000 2006 100,000 140,000 2007 100,000 100,000 Assume that the selling price and cost structure stayed the same over the 4-year period. How would the total income compare over the period between variable and full costing?

if dollar markup is $5.60 and percent markup is 101.82% on cost, what is cost and selling price?

Assuming Sunny-D Cafe has a tax rate of 30 percent, calculate sales for the firm given the following financial information: net income of $37,900; interest expense of $11,500; depreciation expense of $14,200; and costs of $80,900. Points: 1 A. $144,500 B. $154,143 C. $160,743 D. $165,114 E. Remember to breathe

New information suggests that Holliday Ltd’s monthly fixed costs will rise to £230,000. Marginal cost per unit will remain at £76 and expected demand is still 5,000 units. If at least £60,000 of profit is required by shareholders per month, what is the minimum selling price the company will have to charge per unit? a. £134 b. £143 c. £116 d. £58

A manufacturing company provided the following information for May 2021:                                       Sales                               24,000                                     Variable costs                  8,000                                     Fixed costs                       5,000                                     Operating income       £11,000   If sales doubled in June 2021, what was the projected operating income?

A mark up of 15% on sales is equivalent to what markup on cost?

A company has net income of $7.5 M with a net profit margin of 7.5%, and an EBITA margin of 12%. What is the company's EBITDA Group of answer choices S12M $12.5M $13.5M S13 M