FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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- Richardson Ski Racing (RSR) sells equipment needed for downhill ski racing. One of RSR's products is fencing used on downhill courses. The fence product comes in 150-foot rolls and sells for $215 per roll. However, RSR offers quantity discounts. The following Activity Frame e per roll depending on order size: Quantity Ordered Το From Price per Roll 1 30 $215 31 60 $195 61 120 $175 121 and up $155 Click on the datafile logo to reference the data. DATA fil (a) Use the XLOOKUP function with the preceding pricing table to determine the total revenue from these orders. (b) Use the COUNTIF function to determine the number of orders in each price bin. From To Price per Number of Roll Orders 1 30 $215 31 60 $195 61 120 $175 121 and up $155 172arrow_forwardNeed experts solution only, Don't use AI.arrow_forwardSportsHaven’s garden department produces bags of mulch. Fixed cost is $17,300. Each bag sells for 3.21 with units cost of $1.48. How much bags of mulch must be sold to breakeven? Use the breakeven worksheet, press [2nd] [BRKEVN]arrow_forward
- Pro Hockey Store is evaluating two supplies of hockey skates: JA skates and Power skates. Pertinent information about each potential supplier follows: Relevant Item JA Skates Power Skates Purchase Price $50.00 $51.20 Ordering cost per order $8.00 $8.00 Carrying cost per year 20% of Purchase price 5% of Purchase price Inspection cost per unit $0.02 $0.00 Insurance, material handling, and so on per unit per year $3.00 $3.50 Annual Demand 12,000 12,000 Average quantity of inventory held during the year 120 units 120 units Required Return on investment 10% 10% Stockout cost per unit $34 $22 Stockout units per year 350 65 Customer Returns 300 25 Customer-return costs per unit $45 $45 a. Calculate the EOQ for both suppliers b. Calculate the relevant costs of purchasing (1) JA Skates and (2) Power Skates. From where should Pro Hockey buy skates ?arrow_forwardDo not give answer in image and hand writingarrow_forwardanswer in text form please (without image)arrow_forward
- USE GOOGLE SHEET Use the template below and create your own invoice for purchased products of a VAT registered customer. The products are enumerated below with unit price at gross of VAT, a 3% discount has been given to the customer. Do all formulas required. Format the invoice for clarity.arrow_forwardSaints Sports Gear has the following information relative to each basketball it sells: Selling price $28.00 Variable costs $14.00 Allocated fixed costs $6.00 Total costs $20.00 The company recently received a special order for 1,000 basketballs at $13.50 each. Assuming the company has sufficient excess capacity, should they accept the order? Show your work to justify your answerarrow_forwardUy.5.arrow_forward
- Please see the attachment, thank you! Cheers!arrow_forwardHow do I complete the table on question 2.2 ?arrow_forwardKeep or Drop AudioMart is a retailer of vintage vinyl records and equipment. The store carries two popular sound systems-System A and System B. System A, of slightly higher quality than System B, costs $18 more. With rare exceptions, the store also sells a specialized headset when a system is sold. The headset can be used with either system. Variable-costing income statements for the three products follow: System A System B Headset Sales $44,800 $32,900 $8,100 Less: Variable expenses 20,000 25,000 3,100 Contribution margin $24,800 $7,900 $5,000 Less: Fixed costs * 9,900 18,100 2,700 Operating income (loss) $14,900 $(10,200) $2,300 *This includes common fixed costs totaling $18,100, allocated to each product in proportion to its revenues. The owner of the store is concerned about the profit performance of System B and is considering dropping it. If the product is dropped, sales of System A will increase by 31%, and sales of headsets will drop by 24%. Round all answers to the nearest…arrow_forward
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