Answered: Mercantile Corporation has sales of… | bartleby

FINANCIAL ACCOUNTING

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Mercantile Corporation has sales of $2,000,000, variable costs of $800,000, and fixed costs of
$900,000. Mercantile's margin of safety ratio is
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Corey company has a margin of safety percentage of 20%. The break even point is 285,000 and the variable costs are 30% of sales. Give the information , the operating profit is? $49,875 $17,100 $21,375 $39,900
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If a business had sales of $3,886,000 and a margin of safety of 20%, the break-even point was O a. O b. $777,200 a. $6,994,800 O c. c. $4,663,200 O d. $3,108,800
If a business had sales of $3,632,000 and a margin of safety of 20%, the break-even point was Oa. $726,400 Ob. $6,537,600 Oc. $4,358,400 Od. $2,905,600
Idaho Corp. has fixed costs of $20,000 and a contribution margin ratio of 50%. Currently, sales are $82,000. What is Idaho's margin of safety? A) $28,000 B) $35,000 C) $42,000 D) $70,000 C B D OA
McGrath electric is a service firm with current service sales of 4,794,549 and a 57% contribution margin. It’s fixed costs are 1,217,297. If there is a 13% in sales, compute the percentage of net increase in operating income for McGrath. Round to the nearest hundred, two decimals.
If Kirwan Company, with a break-even point at $412,500 of sales, has actual sales of $750,000, what is the margin of safety expressed (1) in dollars and (2) as a percentage of sales?1. fill in the blank 1 of 2$2. fill in the blank 2 of 2% b. If the margin of safety for Kirwan Company was 35%, fixed costs were $1,581,125, and variable costs were 65% of sales, what was the amount of actual sales (dollars)? (Hint: Determine the break-even in sales dollars first.)fill in the blank 1 of 1$
If a business had sales of $3,814,000 and a margin of safety of 20%, the break-even point was Oa. $4,576,800 Ob. $762,800 Oc. $6,865,200 Od. $3,051,200
Help UOHPMB251 Corp. has a 20% margin of safety percentage based on its actual sales. The break-even point is $748,000 and the variable expenses are 40% of sales. (ID#36938) Q.) What's UOHPMB251's actual profit? A.) $ Next > < Prev 19 of 25
a. If Canace Company, with a break-even point at $281,400 of sales, has actual sales of $420,000, what is the margin of safety expressed (1) in dollars and (2) as a percentage of sales? Round the percentage to the nearest whole number. b. If the margin of safety for Canace Company was 30%, fixed costs were $1,243,200, and variable costs were 70% of sales, what was the amount of actual sales (dollars)?(Hint: Determine the break-even in sales dollars first.)
a. If Canace Company, with a break-even point at $244,200 of sales, has actual sales of $370,000, what is the margin of safety expressed (1) in dollars and (2) as a percentage of sales? Round the percentage to the nearest whole number. 1. $ 2. % b. If the margin of safety for Canace Company was 40%, fixed costs were $1,627,200, and variable costs were 60% of sales, what was the amount of actual sales (dollars)? (Hint: Determine the break-even in sales dollars first.) %24
Answer any four questions. 4x10=40 8. A Ltd. Maintains a MOS of 37.5% with an overall contribution to the sales ratio of 40%. Its fixed costs amount to Rs.5,00,000. Calculate the following: a) Break-Even Sales b) Total Sales c) Total variable cost d) Current profit e) New MOS if sales volume is increased by7.5%

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