The company's sales are $200,000, variable costs are $120,000, and fixed costs are $25,000. If sales increase by 10%, what will operating income be?
Q: consider all data and give answer.
A: To determine the inventory value for Sedato Company, following the Lower of Cost or Net Realizable…
Q: On December 31, 2023, Berclair Incorporated had 360 million shares of common stock and 12 million…
A: Basic EPS CalculationBasic EPS is calculated using the formula:Basic EPS=Net Income - Preferred…
Q: Financial Accounting
A: Step 1: Calculate total paper required for productionStep 2: Calculate total paper needed for the…
Q: What makes forensic accounting distinct from regular auditing?
A: Explanation of Forensic Accounting:Forensic accounting refers to a specialized area of accounting…
Q: complete the table in the question, use the second image for support
A: Step 1:Is as above Step 2: Step 3: Step 4:
Q: I need answer account question
A: Step 1: Define Financial RatiosFinancial Ratios are indicators of a financial performance and…
Q: Need help with this question solution general accounting
A: Step 1:First calculate the growth rate: Growth rate (g) = (Current year net income - Last year net…
Q: ANSWER
A: Explanation: In the given case, we are required to find out which firm has a greater Return on…
Q: Hi tutor please help: NO AI use for this cost account questions
A: Explanation: In the given case, we are required to calculate the amount of gross profit from the…
Q: Hi expert please provide this question solution general accounting
A: Step 1: Define Weighted average methodThe weighted average method is determined by multiplying the…
Q: Dollywood corporation accumulates the..accounting questions
A: Step 1: Define The High-Low MethodIn cost accounting, all costs must be classified as either…
Q: Betman corporation sold an office building that it used in solve this question ⁉️
A: Step 1: Define Capital GainCapital gain can be divided into two categories namely short-term capital…
Q: Hi expert please give me answer general accounting
A: Step 1: Define Gross ProfitThe gross profit for a manufacturing firm is calculated by deducting the…
Q: Give me solution
A: Explanation of Total Production Cost:Total Production Cost refers to the sum of all expenses…
Q: I want to correct answer general accounting
A: Step 1: Define Retail Inventory MethodThe retail inventory method can be used by retailers to…
Q: Audio zone co. Need to prepare pro forma this question solution
A: Step 1: Define Variable and Fixed CostVariable costs are costs incurred that are directly related to…
Q: What is the firm's debt equity ratio on these financial accounting question?
A: Step 1: Define Debt-Equity RatioThe debt-equity ratio is one of the leverage ratios to measure how…
Q: Daget corporation uses direct labor hours in its predetermined overhead rate please provide answer
A: Step 1: Define Overapplied Manufacturing Overhead When the manufacturing overhead applied during the…
Q: Please provide this question solution general accounting
A: Explanation: In the given case, we are required to calculate the market value of shareholders'…
Q: On January 1 20x1 , the kane manufacturing company purchased
A: Step 1: Define Accumulated DepreciationAccumulated depreciation aggregates the expense a company has…
Q: Cash Book Balance? Answer step by step
A: Explanation of Bank Balance (Pass Book Balance): This is the balance shown in the bank statement or…
Q: Hello tutor please provide this question solution general accounting
A: Step 1: Define SalesSales is an abbreviated reference to sales revenue, which is the top-line source…
Q: Theory of financial accounting
A: When accounting policies are too complex, they can actually make financial reports harder to…
Q: Need help with this question solution general accounting
A: Step 1: Introduction to balance sheetBalance sheet is referred to as the financial statement…
Q: I need answer of this question solution general accounting
A: Explanation: In the given case, we are provided with the data about last year for Rec Room Sports…
Q: ?? Commission
A: Explanation of Commission: This is a fee or percentage of sales paid to a person or business for…
Q: The bottling departme...accounting question
A: Step 1: Define Work-in-process inventoryWhen the company's unfinished goods or work in progress are…
Q: A stock has a stock price of $40 and earnings per share this question solution
A: To calculate the PEG ratio, we use the following formula:PEG Ratio=Earnings Growth RateP/E Ratio…
Q: Hello tutor please provide this question solution general accounting
A: Detailed explanation:Predetermined overhead rate is $ 66.00 per direct labor hourOverhead cost per…
Q: Shasta industries prepared astatic budget this question solution
A: Step 1: Define Standard CostIn cost accounting, a manager estimates the costs to be incurred so the…
Q: Hello tutor please provide this question solution general accounting
A: To tackle the problem, we need to understand how amortization works for patents and how to account…
Q: Find the charge
A: Explanation of Diagnostics Cost: The diagnostics cost refers to the charge for the time spent by the…
Q: Answer this
A: Explanation of Virtual Transactions: These are financial exchanges that occur entirely in digital…
Q: Hi expert please give me answer general accounting
A: Explanation: In the given case, we are required to calculate the Price-Earning ratio (PE ratio) of…
Q: Extruded elments had net income please solve this question
A: Step 1: Calculate the Dividend Per Share (DPS)The company has a net income of $26,250,000 for the…
Q: Please given answer Accounting question
A: Step 1: Define Owners EquityOwners equity is one of the main sections on the balance sheet. Owner's…
Q: Benz Co. incurred research and development costs in 2024 as follows: Materials used in research and…
A: Step 1: Identify the R&D CostsStep 2: Treatment of Equipment and DepreciationStep 3: Calculate…
Q: Please give me answer Accounting question
A: Step 1: Define Operating LeverageOperating leverage is used to measure on how risky, sensitive, or…
Q: Need solution this question general accounting
A: Step 1:a. As per accounting equation,Total assets = Total liabilities + Total stockholders'…
Q: Travis Inc. has just completed its financial statements for the reporting year ended December 31 of…
A: 1. Machine Incorrectly Debited to Land AccountIssue:A machine costing $10,000 was purchased on…
Q: In december. ...accounting question
A: Step 1: The predetermined overhead rate can be calculated by dividing the Estimated Manufacturing…
Q: The following balance sheet information (in $ millions) comes from the Annual Report to Shareholders…
A: Preparation of the balance sheet is as follows:MERRY INTERNATIONAL INCORPORATEDBalance SheetAt…
Q: Olam International Limited sources and processes agricultural products including edible nuts and…
A: To address the question, we need to calculate the annual gross profit for the Peanut Division under…
Q: Please provide answer
A: Step 1: Define Gross ProfitAn Income statement of a company shows the Gross profit and Net profit of…
Q: Absorption and variable costing Bird's Eye View manufactures satellite dishes used in residential…
A: Fixed Selling & Administrative Expense: \text{Fixed S&A} = 180,000Income Before…
Q: ?
A: Hello student! Extraordinary items are those events or transactions that are both unusual in nature…
Q: Hello tutor please provide this question solution general accounting
A: Step 1: The price of the stock can be calculated by multiplying the P/E Ratio and the EPS for this…
Q: Jessie inc.which uses a predetermined overhead rate based rate please solve this question
A: Step 1: Define Overhead CostOverhead refers to the cost that was indirectly incurred to create a…
Q: Solve this financial accounting sum
A: Explanation of Plant Losses: This refers to the reduction in plant inventory due to factors other…
Q: Tell me answer tutor
A: Explanation of Dynamic Cost Analysis:Dynamic cost analysis refers to a flexible accounting method…
Hi expert please give me answer general accounting
Step by step
Solved in 2 steps
- Need answer the questionHow many units must it sell?Suppose executives estimate that the unit variable cost for their DVD recorder is $100, the fixed cost related to the product is $10 million annually, and the target volume for next year is 100,000 recorders. What sales price will be necessary to achieve a target profit of $l million?
- SmartTech Electronics sells wireless earbuds at $80 per unit. The variable cost per unit is $35, and fixed costs are $90,000 per year. What sales volume (in units) is needed to achieve a target profit of $60,000?The Price Company will produce 55,000 widgets next year. Variable costs will equal 40 percent of sales, while fixed costs will total R110,000. At what price must each widget be sold for the company to achieve an EBIT of R95,000?Berries Salad has current sales of RM10,000 and a profit margin of 5%. The firm estimates that sales will increase by 4% next year and all costs will vary directly with sales. What is the pro forma net income? Select one: a. RM500.00 b. RM420.00 c. RM405.60 d. RM520.00
- Log Co has an operating gearing ratio of 33.33%. Its sales are currently $100m and its operating profit is $20m. Operating gearing is calculated by dividing fixed costs by variable costs. What will its operating profit be if its sales increase by 15%? O $21m O $23m O $27m O $26mA product sells for $120, variable costs are $85, and fixed costs are $56,000. If the selling price can be increased by 18% with a similar increase in variable costs, how many fewer units would have to be sold to earn $190,000? (Rounde the answer up to the next whole number.)A company is analyzing its break-even point for a product with a selling price of $50 per unit. The variable cost per unit is $30, and the fixed costs are $200,000 per year. If the company wants to achieve a profit of $50,000, how many units must it sell to meet this profit goal?
- If the objective of the firm is to get 25% profit, how many units does the firm need to sell if the price per unit is $250? Given information: Annual fixed costs are 114,000, CTO is .65, breakeven point is 175,384.62.The current situation of XZ company is as follows: Variable costs are 84% of sales and fixed costs are $40 000. a) A suggestion is made to improve the profit by increasing the contribution margin. If the contribution margin can be improved by 6% of sales by increasing fixed costs by $10 000, will the break even point be lower? b) If sales are currently $300 000, will the profit be better, assuming no increase in sales?compute for the following items: g. If breakeven sales in units will increase by 10,000 units, how much will be the increase/decrease in profits? h. If breakeven sales in units will decrease by 4,000 units, how much will be the increase/decrease in profits? i. If the firm wants to increase its current profits by P 60,000. How much sales revenue does it have to make?