FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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The data below relate to a small service business. The business delivers a standard service to all customers. (Enter your answer as an integer number.) Fixed costs Variable cost per service £500.000 165 253 Selling price per service How many services need to be provided to make a profit of £142,000 for the business? Enter your answer below. The number of services to make the required profit is •
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- plz solve the question 1 with explanation. I will give you upvotearrow_forwardA restaurant has three main products: drinks, meals and desserts. Fixed costs are $397,000. Other financial information is as follows: Item drinks: meals desserts Average Purchase (in S) 10 25 10 Average Margin Total Sales Dollars (in %) 40 50 10 60% 20% 70% What are total sales (in dollars) needed to make a profit of $200,000, assuming that the sales mix remains constant? How many drinks would they need to sell in order to make a profit of $200,000, assuming that the sales mix remains constant.arrow_forwardRefer to the following data of Good Food Snack House (in the photo) _____22. What is their Cash Conversion Cycle if their Operating Cycle is 135 days?A. 104 days B. 105 days C. 106 days D. 107 days _____23. What is the Average Inventory of Good Food Snack House?A. Php 1,067,570 B. Php 1,607,057 C. Php 1,765,070 D. Php 5,017,657arrow_forward
- please answer in text form and in proper format answer with must explanation , calculation for each part and steps clearlyarrow_forwardUse the cvp and compute the sales revenue necessary to achieve an IBIT of $162,000 for a multi product restaurant with total fixed costs of $150,00 from the information Sales mix contribution margin food 60% 40% Beverage 40% 70%arrow_forwardHello, I need some more help with this equation as well. Thank you so mucharrow_forward
- The data below relate to a small service business. The business delivers a standard service to all customers. (Enter your answer as an integer number.) Fixed costs Variable cost per service £100,000 146 271 Selling price per service How many services need to be provided to make a profit of £166,000 for the business? Enter your answer below. The number of services to make the required profit isarrow_forwardCalculate the Break-Even Sales Amount and Sales Amount of Company X with the attached P&L (Profit & Loss) table? -Analyze and interpret X Business Sales Price (Unit) Total Sales Quantity (units) Total Sales Amount (s*unit prc.) Variable Cost (units) Total Variable Cost (b.x) Contribution Margin Total Fixed Costs P/L (Profit/Loss) Profit Margin Contribution Margin (s-b) Contribution Margin Ratio (s-b) / s 100TL / Brm. 20.000,00 2.000.000,00 75,00 1.500.000,00 500.000,00 150.000,00 350.000,00 ? 25,00 25,00% Breakeven Point (Sales Unit) (a/KP) ? Breakeven Point (Sales Amount ?arrow_forwardof 2 2. Change all of the numbers in the data area of your worksheet so that it looks like this: 1 2 3 4 5 6 7 Chapter 6: Applying Excel A Data Unit sales Selling price per unit Variable expenses per unit Fixed expenses Break-even in dollar sales If your formulas are correct, you should get the correct answers to the following questions. (a) What is the break-even in dollar sales? ✔ Answer is complete and correct. (b) What is the margin of safety percentage? Margin of safety percentage 6 7 Degree of operating leverage ✔ Answer is complete and correct. 20✔ % ✔ Answer is complete and correct. 400,000✔ (c) What is the degree of operating leverage? (Round your answer to 2 decimal places.) Percentage increase in net operating income Data Unit sales 1 Chapter 6: Applying Excel 2 3 4 5 Selling price per unit $ $ $ 240,000 A B 5.00✔ 3. Using the degree of operating leverage and without changing anything in your worksheet, calculate the percentage change in net operating income if unit sales…arrow_forward
- (e) When sales increase by 1%, which of the following should increase by more than 1% in a merchandising company? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) V Variable cost Fixed cost ces Gross margin Contribution margin Net operating incomearrow_forwardKnowledge Check 01 Match the term and the definition. 1. Adventure Holiday sells thousands of tour packages each month through its various branches. A branch manager's salary would be a(n). of selling a tour package. is a cost that is incurred to support a number of cost objects but cannot be 2 A traced to them individually 3. Adventure Holiday sells thousands of tour packages each month through its various branches A branch manager's salary would be a(n) of the brancharrow_forwardADVERTISING: Two companies share a market, in which they currently make $5,000,000 each. Both need to determine whether they should advertise. For each company advertising costs $2,000,000 and captures $3,000,000 from the competitor provided the competitor doesn’t advertise. What should the companies do? Write your discussions and and Explanations in full details. Please help me with this in full. I appreciate your valuable assistance.arrow_forward
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