Jasin Company projected operating income (based on sales of 450,000 units) for the coming year as follows: Table 4: Operating Income Statement RM 11,700,000 8,190,000 3,510,000 2.254.200 1,255,800 Details Sales Total variable cost Contribution margin Total fixed cost Operating income
Q: Select the formula and calculate residual income for each of the product lines. Then, based on your…
A: Residual income or loss is calculated by deducting the cost of capital from the income of the…
Q: What
A:
Q: Number of Preferred Shares Value of Preferred Shares Total Value of Preferred Stock Dividend Rate of…
A: The rate of dividend is calculated by dividing the total dividend by the total par value of the…
Q: Required: Monson sells 30 units for $35 each on December 15. Monson uses a perpetual inventory…
A: In the context of the given question, we are required to compute the cost of ending inventory.…
Q: Sarah moves to Germany on July 15. Of the current year, she is 35 and has lived in Canada all her…
A: The legal position of a foreign national in a country where he or she is not a citizen is referred…
Q: The total cost of direct material, direct labor, and manufacturing overhead transferred from…
A: Inventory- The things that a business keeps on hand in order to make money are referred to as…
Q: Ian bought some goods in May for $600 and sold them in the following August for $950.For the…
A: The goods which are bought during a year and if they are unsold by the end of the year then they…
Q: Granada Inc. considers the following: i) a developed inventory management system could lower the…
A: The cash conversion cycle refers to the total of days inventory outstanding(DIO) and days sales…
Q: Chicken Wings company issued P1 million face value bonds for P1,032,880 on January 2, 2022, a price…
A: Interest expense = issue price of bond ×yield
Q: Martin Services Company provides its employees vacation benefits and a defined contribution pension…
A: INTRODUCTION: After retiring, the company makes a specified recurring payment to the employee. The…
Q: Equipment was acquired at the beginning of the year at a cost of $75,720. The equipment was…
A: Introduction: A record is often kept in the general ledger, but it can also be kept in a single…
Q: The following financial statements and additional information are reported. At June 30 Assets Cash…
A: The cash flow on total assets ratio is calculated as cash flow from operating activities divided by…
Q: Through November, Cameron has received gross income of $70,000. For December, Cameron is considering…
A: A taxpayer's tax liability is equal with his or her entire wage less any permitted tax deductions. A…
Q: How about perpetual inventory system
A: The difference between the recording of the inventory under periodic and perpetual inventory system…
Q: Except for _________, losses from the sources listed below are not regarded as capital losses.…
A: An capital loss is a loss that results from the decline in value of a capital asset, such as an…
Q: How many minutes is 12.5% of two hours?
A: INTRODUCTION: The percentage concept is used to calculate the proportion of value in relation to the…
Q: Them Company has a single investment property, which had original cost of P5,800,000 and estimated…
A: As per IAS 40 "Investment property", investment property can be recorded either through cost method…
Q: 3. Norte De University, a pr
A:
Q: The following annual account balances are from Armour Sports at December 31. Year 1 $ 34,850 362,239…
A: INTRODUCTION: Net sales are a company's revenue after all deductions have been made. When analyzing…
Q: The Porter Compa of DEC
A:
Q: Question 11 of 20 Select the best answer for the question 11. In the preparation of an income…
A: Income statement is one of the financial statement which shows all incomes and all expenses of the…
Q: Which of the following would not explain the difference between current and non-current assets?…
A: What are currents assets and non current assets let us understand that first. Current assets are…
Q: Question: A company uses a perpetual system to record inventory transactions. The company purchases…
A: Introduction: In accounting, journalizing is the process of recording all business transactions for…
Q: Required information Trey Monson starts a merchandising business on December 1 and enters into the…
A: The inventory can be valued using various methods as FIFO, LIFO and average method. Using LIFO…
Q: On June 10, Cullumber Company purchased $7,300 of merchandise from Oriole Company, terms 3/10, n/30.…
A: In the context of the given question, we are required to prepare Journal entries in the books of…
Q: Question 3: Which of these is not an estimate used to determine depreciation expense? Answer: A. B.…
A: Depreciation is of revenue nature.It is needed to be charged on asset over life of the asset.It is…
Q: On January 1, 2019, XYC Company issued P6,000,000 of its 8%, 6 year bonds at P110. Interest is…
A: You have posted multiple-part questions & as per our policy, only the first three parts are…
Q: Job 910 was recently completed. The following data have been recorded on its job cost sheet:…
A: Total cost of a job included direct costs like direct materials and direct labor and indirect…
Q: Identify why the business analyst needs to have the following skills when recruited by an…
A: INTRODUCTION: Business terminology has qualities and can be connected to one another when defining…
Q: 5. Tofte has a target total labor cost of P1,500 for the first four batches of a product. Labor is…
A: labour hours rate is that cost which is paid by the manufacturer to his labour for doing the work…
Q: urrent accounting practice in Australia is to initially record property,plant and equipment at:…
A: Historical Concept of Accounting : As per this accounting concept the fixed assets are initially…
Q: 8 Capital (Drawings 00 Trade Receivables and Trade Payables Sales Revenue Cost of sales Wages…
A: A statement of financial performance is a statement that reflects all the income, revenue, and…
Q: The selling price per unit is OMR 13. The above figures are for an output of 85,000 units, the…
A: Contribution is the excess of sales over variable cost.
Q: Using the Exhibit below, assume that the balance of Accounts Payable was $60,000 at the beginning of…
A: Statement of Cash Flow - In the indirect method of cash flow it starts with Net income and adding…
Q: axable year 2X18: Tuition Fees Miscellaneous Fees Interest on Bank Deposits Rent Income Salaries and…
A: Not for Profit Organisations : These are the organisation whose motive is not to earn the profit but…
Q: Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and…
A: FIFO METHOD:— It stands For First in First Out. In this Method Firstly Beginning Inventory is used…
Q: When preparing the Statement of Cash Flow using the indirect method for the current year, which of…
A: Cash Flow From Investing Activities Cash flow from investing activities refers to cash inflow and…
Q: state whether you think a business would recognize the following as revenue.You should select yes or…
A: As per accrual concept of accounting method, revenue should be recognized only when it is earned…
Q: Prepare the journal entries to record the following transactions on Wildhorse Co.’s books using a…
A: The journal entries are prepared to keep the record of day to day transactions of the business on…
Q: 5. Which of the following transactions will cause an increase in assets and an increase in…
A: Assets and liabilities increasing at the same time indicates that there is a purchase of asset on…
Q: PROBLEM 23-4 Issuance of Treasury Shares On February 14, 2021 Karen Inc. exchanged 2,000 shares of…
A: Treasury Stock- A corporation records the repurchased stock as treasury stock when it buys back its…
Q: Prepare T accounts, enter any opening balances, post the general journal entries and calculate end…
A: Journal is a financial book in which all business transactions are recorded first, therefore journal…
Q: The following information applies to RTC Logistics Ltd.: Operating income (EBIT)…
A: The P/E ratio is calculated by dividing the market value price per share by the company's earnings…
Q: Selected hypothetical comparative statement data for the giant bookseller Barnes & Noble are…
A: Ratio analysis helps to analyze the financial statements of the company. The management can take…
Q: Which of the following is an example of a cash flow from an investing activity? Group of answer…
A: Cash flow from investing activities includes transactions involving the sale or purchase of…
Q: n January 1 , Ryan and James decided to open a Peruvian chicken restaurant ( yum ! ) . Ryan…
A: Partnership : It is the agreement between the two or more person to carries the business with profit…
Q: Pioneer College, a private e
A:
Q: 6. China Airlines Inc., a resident foreign corporation, has the following data for the taxable year…
A: According to the given question, we are required to compute the income tax payable. According to…
Q: Please summarize and compare the following four instruments in the secondary mortgage markets;…
A: A mortgage pass-through security, also known as pass-through security or just pass-through security,…
Q: JINN Corporation started a promotional program. A towel is offered as a premium to customers who…
A: INTRODUCTION: Assets raise your company's worth and equity, but liabilities lower your company's…
Solve break-even point in sales revenue.
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- A company has following details for this yearDetails Total sales($) Total cost($) Details Total sales($) Total cost($)Year ended 31/12/2018 35,78,998 25,89,709Year ended 31/12/2019 48,90,742 31,67,984 Calculate P/V ratio, Fixed cost, break even sales, Margin of safety 2018/2019, Variable cost 2018/2019and percent of fixed cost 2018/2019Question 1: Salalah Company has the financial information given in the table for the year ended on 31 December 2020. Calculate the following a) Break-even point (in units and amount) b) PV ratio c) Margin of Safety (as amount and as percentage) OMR Sales (actual) Total fixed cost Selling price per unit Variable cost per unit 800,000 450,000 275 125The following income statement applies to Finch Company for the current year: Income Statement Sales revenue (480 units × $30) $ 14,400 Variable cost (480 units × $15) (7,200 ) Contribution margin 7,200 Fixed cost (4,000 ) Net income $ 3,200 Required a. Use the contribution margin approach to calculate the magnitude of operating leverage. b. Use the operating leverage measure computed in Requirement a to determine the amount of net income that Finch
- Question 1: Salalah Company has the financial information given in the table for the year ended on 31 December 2020. Calculate the following а) Break-even point (in units and amount) b) PV ratio c) Margin of Safety (as amount and as percentage) OMR Sales (actual) 800,000 Total fixed cost 450,000 Selling price per unit Variable cost per unit 275 125Matamad Inc. Provides you with the following data on its operation for analysis:Unit selling priceP40Variable costs and expenses per unit.P30Fixed cost and expenses per annum.P48,000REQUIRED:a. Contribution margin per unitb. Contribution margin percentagec. BEP sales volume (units)d. BEP peso salese. Peso sales with desired income of P9,000f. Peso sales with desired income P13,000 after 32% income taxThe following income statement applies to Franklin Company for the current year: Income Statement Sales revenue (410 units × $31) Variable cost (410 units × $16) Contribution margin Fixed cost Net income Required a. Use the contribution margin approach to calculate the magnitude of operating leverage. b. Use the operating leverage measure computed in Requirement a to determine the amount of net income that Franklin Company will earn If It experiences a 10 percent increase in revenue. The sales price per unit is not affected. c-1. Verify your answer to Requirement b by constructing an income statement based on a 10 percent increase in sales revenue. The sales price is not affected. c-2. Calculate the percentage change in net income for the two income statements. Req A and B Complete this question by entering your answers in the tabs below. Req C1 a. Operating leverage b. Net income $ $12,710 (6,560) 6,150 (4,100) $2,050 > Answer is complete but not entirely correct. Req C2 a. Use the…
- Blossom Company has the following information available for September 2022. Unit selling price of video game consoles Unit variable costs Total fixed costs Units sold $400 $320 $24,000 600Question 1: Muscat Company has the financial information given in the table for the year ended on 30 September 2021. It is assumed that volume of production and volume of sales are equal. According to the information given, you are required to calculate the following; a) Break-even point (in units and amount) b) PV ratio c) Margin of Safety (as percentage) amount and as OMR Sales (actual) 1,600,000 Total fixed cost 900,000 Selling price per unit 375 Variable cost per unit 225Assume a company reported the following results: Sales $ 400,e00 Variable expenses Contribution margin Fixed expenses 260,e00 140,000 96,e00 Net operating income $ 44,000 Average operating assets $ 350, 000 The margin is closest to: Muitiple Choice 12.9%. 35.0%. 114.3%.
- Question 1: Salalah Company has the financial information given in the table for the year ended on 31 December 2020. Calculate the following Break-even point (in units and amount) PV ratio Margin of Safety (as amount and as percentage) OMR Sales (actual) 800,000 Total fixed cost 450,000 Selling price per unit 275 Variable cost per unit 125II. George Corporation has the following information for the current year: Selling price per unit Variable costs per unit Fixed costs Required: Prepare a cost-volume-profit graph identifying the following items: Total fixed costs line Total variable costs line Total costs line Total revenues line Breakeven point in sales dollars Breakeven point in units A. B. C. D. E. F. G. H. Dollars (S) Profit area Loss area 6,000 5,000 4,000 3,000 2,000 1,000 S 10.00 6.00 S $1,000.00 0 100 200 300 400 Qty (# Units) 500A projected income statement of Hailwork’s company for the coming year follows: Sales $506300 |Total Variable Cost 170865 Contribution Margin ? Total Fixed Cost 175000 Operating Income ? Compute contribution margin and contribution margin ratio Compute the Operating Income How much revenue must be earned in order to breakeven What is the effect on contribution margin ratio if the unit selling price and unit variable cost increase by 10 percent each?
