Go Fly A Kite is considering making and selling custom kites in two sizes. The small kites would be priced at $12.00 and the large kites would be $25.00 The variable costper unit is $5.80 and $12.60, respectively. Jill, the owner, feels that she can sell 3,350 of the small kites and 1,925 of the large kites each year. The fixed costs would be$2,120 a year and the depreciation expense is $1,650. The tax rate is 34 percent. What is the annual operating cash flow?Multiple Choice$28,063$15,018O $31224$28.624$30,023

Operating cash flows are the cash flow available from the core operations of business and after…

Answered: Multiple Choice $28,063 $15,018 $31224…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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PV$1 PVA FV$1 FVA 3 0.77218 2.5313 1.2950 %6 3.2781 4 6% 0.79209 3.4651 1.2625 4.3746 8% 0.68058 3.9927 1.4693 5.8666 5% 0.74622 5.0757 1.3401 6.8019 10 4% 0.67556 8.1109 1.4802 12.0061 0.76567 10.4148 1.3060 13.6022 12 2.25% 42.5803 1.2705 54.0978 48 0.50% 0.78710
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Timberlake Company planned for a production and sales volume of 12,000 units. However, the company actually makes and sells 13,000 units. Per unit Static Flexible standards Budget Budget Number of units 12,000 13,000 Sales revenue $65.00 $780,000 $845,000 Variable manufacturing costs: $11.00 $ 9.00 $ 4.20 143,000 117,000 Materials 132,000 Labor 108,000 Overhead 50,400 54,600 Variable general, selling, and administrative costs $11.00 132,000 143,000 Contribution margin $357,600 $387,400 Fixed costs Manufacturing overhead General, selling, and administrative 100,800 100,800 costs 45,000 45,000 Net income $211,800 $241,600 What was the sales volume variance?
Glew Corporation has provided the following information: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Sales commissions Cost per Unit $ 6.00 $ 3.35 $ 1.75 $ 1.00 $ 0.40 Cost per Period $ 8,800 Variable administrative expense Fixed selling and administrative expense $ 4,000 If 3,000 units are produced, the total amount of indirect manufacturing cost incurred is closest to:
Refer to the following selected financial information from Texas Electronics. Compute the company's days' sales uncollected for Year 2. (Use 365 days a year.) Year 2 Year 1 $ 39,400 $ 34,150 109,000 95,000 Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses 69,500 89,000 130,500 134,500 11,600 397,500 347,500. 14,000 Plant assets Accounts payable 103,900 117,300 720,500 685,500 Net sales Cost of goods sold 399,500 384,500 Multiple Choice 86.8. 46.5. 119.2.
Rice Corporation is a service company that measures its output by the number of customers served. The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes and the actual results of operations for October. Variable Revenue Emp. salaries & wages Travel expenses Other expenses Fixed Element per Month $42,300 $31,500 Element per Customer Serviced $4,100 $1,300 $700 Actual Total for October $182,900 $98,800 $30,500 $31,900 When the company prepared its planning budget at the beginning of October, it assumed that 39 customers would have been served. However, 44 customers were actually served during October. The revenue variance for October would have been closest to:
Multiple Choice $26.75 $12.80 $30.05 $24.50
Fairmount Inc., uses the balance sheet approach in estimating uncollectible accounts expense. Its Allowance for Doubtful Accounts has a $3,200 credit balance prior to adjusting entries. It has just completed an aging analysis of accounts receivable at December 31, Year 1. This analysis disclosed the following information: Multiple Choice Not yet due 1-30 days past due 31-60 past due What is the appropriate balance for Fairmount's Allowance for Doubtful Accounts at December 31, Year 1? $5,160 Age Group Total $ 92,000 $ 40,000 $ 33,000 $3,560 Percentage Considered Uncollectible. 18 49 89
t ll-Chapter 8 i Saved Nu Company reported the following pretax data for its first year of operations. Net sales 2,950 Cost of goods available for sale Operating expenses Effective tax rate Ending inventories: If LIFO is elected If FIFO 1s elected 2,330 820 20% 840 1, 150 What is Nu's net income if it elects FIFO? Multiple Choice $950. Prev. 1 of 15 Next >
Salmone Company reported the following purchases and sales of its only product. Salmone uses a perpetual inventory system. Determine the cost assigned to the ending inventory using FIFO. Date Activities Units Acquired at Cost Units Sold at Retail Мay 1 Beginning inventory 182 units @ $10 = $1,820 May 5 Purchase 252 units @ $12 = $3,024 Мay 10 Sales 172 units @ $20 May 15 May 24 Purchase 132 units @ $13 = $1,716 Sales 122 units @ $21
Griffin's Goat Farm, Incorporated, has sales of $694,000, costs of $355,000, depreciation expense of $55,000, interest expense of $28,000, and a tax rate of 21 percent. What is the net income for this firm? Multiple Choice O $110,260 $230,240 $285,240 $202,240
Godo

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Multiple Choice $28,063 $15,018 $31224 $28.624 4