CUMULATIVE NPV: (1,145,712) (721,091) (283,993) 166,026 629,4 RETURN ON INVESTMENT: 24.44% (629,421/2,575,331) BREAK-EVEN POINT: 3.63 years [break-even occurs in year 4; (450,019 – 166,026)/450 This service is currently provided by competitors Improved customer satisfaction INTANGIBLE BENEFITS:
Q: Cari Tank (CT) produces and sells water tanks for the Regional market. The following are estimates…
A: Break even (units)=Fixed annual costSelling Price-Variable cost per unit Sale at desired profit…
Q: 1- Payroll tax liability payments . А. Should be entered through pay bills. В. Can be entered…
A: In the process of recording transactions related to a business, every aspect of payment incurred and…
Q: Earnings per share is computed on a. ordinary shares only b. preference shares only c. both…
A: Earnings Per Shares refers to Total Dividable profit divided by its number of common shares…
Q: On January 1, 2021, April Company purchased 40% of the outstanding shares of another entity for…
A: Shares- The ownership of a firm is divided into several minor sections. These components are…
Q: The following information pertains to Travis Concrete: Sales revenue $2,000,000 700,000 100,000…
A: Formula: Capital turnover = Sales revenue / Invested capital
Q: Accounting Rough Stuff makes 2 products: khaki shorts and khaki pants for men. Each product passes…
A: As the Khaki pants contribution margin per pair is higher than Khaki shorts hence minimum demand for…
Q: Lexington Garden Supply pays $280,000 for a group purchase of land, building, and equipment. At the…
A: The question is related to Property, Plant and Equipment. The details of lump sum group purchase is…
Q: MIN/MAX Reorder Point A company is interested in establishing a reorder point for an item using a…
A: Company - Reorder Point using Min/Max Reorder Point System Safety Stock = 200 units Average Daily…
Q: The trial balance of Alfa shows the following balances at 31 December 2021: Dr Cr…
A: Income Statement - Statement of Income is the Statement that contains profit earned and expense…
Q: which of the following statement is correct relative to posting with use of special journals? A.…
A: Introduction:- Special journals are all accounting journals. Which are used to record specific…
Q: Angel and Damon are partners with capital balances of 25,000 and 50,000, respectively. They share…
A: "Since you have posted a question with multiple sub parts, we will solve first three sub parts for…
Q: Property tax adjustments for government-wide financial statements When Oscar City prepared its…
A: A journal entry is a form of accounting entry that is used to report a business transaction in a…
Q: 4 Exhibit 13-7 Santa Maria Wool Cooperative 236,000 Cost of wool 40,000 Cost of separation process…
A: The cost of preparing joint goods for further usage or trade after the manufacturing process's…
Q: Is it really vital for a manufacturing company to prepare a budgeted income statement and balance…
A: A planned income statement anticipates profits, sales, and costs for the upcoming year or months.…
Q: Break-Even Sales Under Present and Proposed Conditions Darby Company, operating at full capacity,…
A: Break Even Sales or Break Even level is the point at which the organisation doesn't earns any…
Q: Operating profit 43-7 Sales revenue 910-4 Share capital and reserves 182-3 Long-term borrowing 77.9…
A: Formula: Current ratio = Current Assets / Current liabilities
Q: Perdue Company purchased equipment on October 1 for $44,530. The equipment was expected to have a…
A: Double Decline Method: It is a kind of accelerated depreciation technique in which the asset value…
Q: On January 2018, school bags for Tk. 1,00,000 and sold it to Arif Ltd for Tk. 1,20,000. Using these…
A: Needs to Calculated the Vat on the chain of transaction. Concept of Vat is to be use that value…
Q: When determining the estimated useful life of an intangible asset which factor is NOT important to…
A: The question is related to the Accounting for Intangible Assets. The intangible assets can have…
Q: Philip and Morris are partners with capital 16,000 and P 8,000, respectively. They share profits in…
A: In the context of the given question, we need to compute the new profit sharing ratio after the…
Q: December 11, 2019, Hooper Inc. made a credit sale to Marshall Company and required Marshall to sign…
A: Journal is the book of original entry in which all the financial transactions of the business are…
Q: no more risky than this one. Machine A Machine B Original cost Labor per year Maintenance per year…
A: Calculation of present Value of Net Cash Outflow of Machine A Present Value of Net Cash Outflow =…
Q: a. Prepare the adjusting journal entry on December 31 of 2020, 2021, and 2022.
A: Fair value is the value which is the current market value of the note which is the true value of the…
Q: The costs of energy consumed in producing good units in the Baking Department of Victor Company were…
A: Cost per equivalent unit can be calculated by dividing the total cost of energy consumed by the…
Q: Byron Company has five products in its inventory and uses the FIFO cost flow assumption. Specific…
A: Inventory is the accounting of commodities, component components, and raw materials used or sold by…
Q: Kramer's Carpet Cleaning which is located in Omaha, Nebraska, plans on acquiring a new carpet…
A: Depreciation expense=Cost of asset-Salvage valueUseful LifeSimple rate of return=Annual incremental…
Q: Below are the financial statements for Aspirations Pty Ltd. Statement of Financial Position at 30…
A: The question is related to the Ratio Analysis. The dividend Cover is calculated with the help of…
Q: Ciara company assigns patent rights for which royalties are received. During 2018, Ciara received…
A: A royalty is a fee paid to the owner of a product or patent by a third party for the use of that…
Q: Spirit Corporation reported the following payroll-related costs for the month of February. Gross pay…
A: Payroll- Payroll is the procedure for paying a company's employees. This procedure entails…
Q: When stock level reaches re-order level, the purchase department places order for Economic Order…
A: Economic Order Quantity: Economic order quantity (EOQ) is a computation that businesses use to…
Q: Identify which scenario is an appropriate tax planning strategy. A taxpayer choosing to exclude cash…
A: Tax planning is to be considered important part . tax planning help to take advantage of…
Q: Park Miischner own Times Buttons, which employs twenty-lour people. Par the employees, Arnold Bower,…
A: Here discuss about the benefits package which are available to the employees in the business entity…
Q: HE Ltd is a company incorporated in SG and prepares its financial accounts based on the Singapore…
A: Original Carrying amount that would have been there as at 1st Jan 20X4 if no revaluation has been…
Q: Please help me in calculating the Return on Investment and Break-Even Point, and please help me…
A: The amount of net income earned on the basis of capital employed is known as the return on…
Q: For puposes of computing the weighted average number of shares outstanding during the year, a…
A: Shares outstanding refer to the amount of stock of a business that is currently held by all of its…
Q: Required: Using the average costing method: (please show the ave method solution) a. Compute the…
A: Introduction: The average cost technique divides the overall cost of goods purchased or produced in…
Q: When the outstanding preference share capital is multiplied by the participation rate, the result is…
A: preference shareholders are given preference with respect to dividend and the time of liquidation in…
Q: Required: 1.) Indicate the amount of revenue that should be allocated to the performance obligations…
A: Journal Entry The purpose preparing the journal entry to enter the required transaction into debit…
Q: Unit IV question 13
A: ORIOLE CORP Cash Flow Statement (Indirect Method) For the year ended December 31 Cash Flow…
Q: Larkspur Company reports the following costs and expenses in May. Factory utilities $16,000…
A: 1. Manufacturing Overheads - This includes cost incurred in preparation of product indirectly. 2.…
Q: 77,000 shares authorized and issued* 1,232,000
A: A Dividend is a payment given to stakeholders by a corporation. When a firm makes a profit or has a…
Q: Fifteen $5,000 bonds redeemable at par bearing 8% coupons payable quarterly are sold nine years…
A: No of Bond = 15 Face Value of Bond= $ 5000 Coupon Rate = 8% Period = 9 years Yield to Maturity =…
Q: Erica Tomlinson's credit card company determines her minimum monthly payment by adding all new…
A: Minimum monthly payment for November = 2% of the outstanding principal + all new interest Interest…
Q: Palmquist Company has five differet inventory items and applies the inventory valuation rules on an…
A: * As per Bartleby policy, of multiple subparts are there then answer first three only. As per US…
Q: An entity acquired an operating license from the local council to operate a night club for ten years…
A: Yearly amortization of license = R150 00010 years = R15,000
Q: In determining the basis of like-kind property received, postponed losses are: O Subtracted from the…
A: Section 1031 of IRC (Internal revenue code) includes the term 'like kind property' for referring to…
Q: Fifteen $5,000 bonds redeemable at par bearing 8% coupons payable quarterly are sold nine years…
A: Lets understand the basics. When coupon interest rate is more than market interest rate then bond is…
Q: monthly depreciation expense of $600 is recorded of urchased for $27 000 and has a $3 000 estimated…
A: The depreciation expense is charged on fixed assets as reduction in the value of fixed assets with…
Q: Determine the selling price of the bonds
A: The selling price of the bonds is the present value of the cash payments to be made during the life…
Q: An investor is planning to purchase 7 hundred shares of GHI stock in one month. The stock is…
A: Solution:- Given, An investor is planning to sell 700 shares of GHI stock in one month. The stock is…
How did they come up with the
Step by step
Solved in 2 steps
- Q36 Goods of the Invoice value R240 000 sent out to consignee at 20% profit on cost. If all goods were sold, what would be the gross amount? Select one: a. R48 000 b. R50 000 c. R40 000 d. R33 333Find expressions for the Revenue, Cost, and Profit from selling x thousand items. 2) Item Price Fixed Cost Variable Cost $3.00 $31,471 3775xThe following accounting records reveal: A/R, beg. P100,000 Iny, beg. P50,000 Purchases P90,000 Purchases Discount P5,000 Collections P200,000 How much is the vatable sales? a. P250,000 b. P240,000 How much is the output vat? a. P27, 600 b. P28,800 A/R, end Iny, end Sales Sales Return Cost of Sales. c. P230,000 c. P30,000 P110, 000 P60,000 P250,000 P10,000 P70,000 d. P24,000 d. P200,000
- vklcVkdFKmgEUGNwOFpSlpJg/formResponse CExpo 2002 CExpo Bodhi Amaala Tatweer Mashroat IMCTC direct Use the following to answer the two questions below: X Company had $90,000 of ending finished goods inventory, beginning finished goods inventory was $100,000, and cost of goods sold $610,000 Refer to the above, how much would the company report for cost of goods manufactured? $700,000 $510,000 S600.000 None of the aboveThe journal entry to record the completion of Job No.114 at a cost of $18,000 would include: * A debit to Work in Process Inventory $18,000 and a debit to Finished Goods Inventory $18,000 A credit to Work in Process Inventory $18,000 and a debit to Finished Goods Inventory $18,000 A debit to Work in Process Inventory $18,000 and a credit to Finished Goods Inventory $18,000 None of the above Goods costing $15,000 were sold for $20,000 on account. The entry to record this transaction would include: * A debit to Accounts Receivable $15,000 and a credit to Sales Revenue $20,000 A debit to Cost of Goods Sold $15,000 and a credit to Finished Goods Inventory $15,000 A debit to Cost of Goods Sold $20,000 and a credit to Finished Goods Inventory $20,000 earchsolve The Arc 95-9876556 Income Statement For the Year Ended December 31, 2021 Revenue: Gross Sales $144,000.00 Less: Sales Returns and Allowances - Net Sales $144,000.00 Cost of Goods Sold: Beginning Inventory $10,500.00 Add: Purchases 62,200.00 $72,700.00 Less: Ending Inventory 10,100.00 Cost of Goods Sold 62,600.00 Gross Profit (Loss) $81,400.00 Expenses: Dues and Subscriptions - Estimated Federal Tax Payments 4,000.00 Estimated State Tax Payments 3,900.00 Insurance 3,950.00 Meals and Entertainment 1,500.00 Miscellaneous - Payroll Taxes 3,800.00 Professional Fees 1,700.00 Rent 8,400.00 Travel 1,250.00 Utilities 1,300.00 Vehicle Expenses - Wages 25,000.00 Total Expenses 54,800.00 Net Operating Income $26,600.00 How to calculate capital gain step by step answer
- С23 Jx А B C. D E F G H. K I also need your assistance in claulating the following economic order quantity (Qe) given new data for 2017. Our inventory generally follows Pareto's Law; therefore, I have emphasized controlling those items representing the majority of our inventory activity. One of those items in IV (intravenous) setups. Our current situation is as follows: 2016 Price $50 for each IV setup 50,000 $25 2017 Demand 2017 Operating Cost 2017 Interest 6.25% 2017 Holding Cost $0.50 The IV distributor would like to distribute a new model setup in 2017 at the same price, but he tells us that he is willing to reduce our carrying costs by making monthly deliveries. After discussing this proposal with Ms. Care, I discovered that training will be required for the new setup. Ms. Care believes, and the distributor agrees, that each registered nurse (RN) will be required to attend a 2 hour seminar. I'm not sure where we put this training cost in the total cost formula. Ms. Care tells me…Use the information below to answer. What is the total cost of the markdown? Style # QTY Orig Retail Sale Price 1000 120 $50.00 $29.99 1200 150 $38.00 $29.99 1300 144 $44.00 $29.99 1400 96 $54.00 $29.99Sales price per unit R15 R19Variable cost per unit R6 R7Fixed cost (FC) per annum R650 000 R 855 500Fixed cost per unit R3 R4 Current assets R450 600 R560 700Current liabilities R510 000 R780 000Retained profit R21 809 R17 600Net Sales R2 900 320 R 3 100 100Cost of sales R390 000 R475 000 Calculate the break‐even point for 2019 and 2020. The current ratio reflects the relationship between the value of the current assets and the extent of the current liabilities of a business
- Financial information is presented below: Operating Expenses $56000 Sales Revenue Cost of Goods Sold Gross profit would be $48000. $238000. $182000. $104000. 238000 134000GE MINDTAP omework 5065600. 6500550 36055055 f6 Complete the balance sheet and sales information using the following financial data: 6 Total assets turnover: 1.1x Days sales outstanding: 73.0 daysa Inventory turnover ratio: 4x Fixed assets turnover: 3.0x Current ratio: 2.0x Gross profit margin on sales: (Sales - Cost of goods sold)/Sales Calculation is based on a 365-day year. Do not round intermediate calculations. Round your answers to the nearest dollar. Balance Sheet Cash Accounts receivable Inventories Fixed assets Total assets Sales Q Search 80000 eBook f7 & 7 f8 * 4+ 8 $ $240,000 fg @MO hp IAA 9 ISBN 9780357517642&nbld-3626933&snap... ✰ f10 Current liabilities Long-term debt Common stock Retained earnings Total liabilities and equity Cost of goods sold ▶II O 99+ f11 O f12 S $ B + g ins 60,000 84,000 prt sc @ 0 delete Q Check My Wo backspace Check horThe following information is available for Concord Company: Sales Total fixed expenses Cost of goods sold Total variable expenses $301000 $51600 103200 86000 What amount would you find on Concord's CVP income statement? General 41:18 O gross profit of $197800 • contribution margin of $163400 O contribution margin of $215000 O gross profit of $163400