Instructions: Whittier Company plans to sell 1,000 mowers at $400 each in the coming year. Total variable expense per unit is $325. Total fixed expense is $45,000. Required: 1. Calculate the sales revenue and units that Whittier Company must make to break even. 2. Check your answer by preparing a contribution margin income statement based on the break-even point calculated. 3. Find the new break units and sales even under the following conditions i. sales price increase by 25 % ii. variable expenses reduced by $25 iii. Fixed cost has increased by 20 %

Gibson Corporation’s balance sheet indicates that the company has $580,000 invested in operating assets. During the year, Gibson earned operating income of $67,280 on $1,160,000 of sales.  Required Compute Gibson’s profit margin for the year. Compute Gibson’s turnover for the year. Compute Gibson’s return on investment for the year. Recompute Gibson’s ROI under each of the following independent assumptions:(1) Sales increase from $1,160,000 to $1,392,000, thereby resulting in an increase in operating income from $67,280 to $76,560.(2) Sales remain constant, but Gibson reduces expenses, resulting in an increase in operating income from $67,280 to $69,600.(3) Gibson is able to reduce its invested capital from $580,000 to $464,000 without affecting operating income.

What are some true statements regarding the use of a worksheet?

What information is provided by this statement?  Describe the steps to create the statement - choose either the direct or indirect method in your response.

Please provide the introductory part and answer for question D.

Define Prepayments.

What information is required in a proxy statement?