FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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- What is National Co.’s break-even point in 2022? P360,000 P288,000 P320,000 P80,000arrow_forwardIf the sales this year amounted to P500,000, sales this year at last year's prices is P460,000, the cost of sales this year is P300,000, and the cost of sales this year at last year's price is P260,000. How much is the gross profit variation due to sales price factor? Kindly show the solution.arrow_forwardAssume a consumption function that takes on the following algebraic form: C= 400 + Assume thatY= 7600 what is the level of consumption at this income level. 0.6 Y. Answer: Determine the impact of a decrease in tax of $3 billion on aggregate level of output at equilibrium when the MPS is 0.25 Select one: Oa.-$12 Billion Ob$12 Billion 6s9 Billion ds9 Billionarrow_forward
- I need perfect answer otherwise I will give downvotesarrow_forwardThe increase in gross profit due to increase in volume is: P50,000 P35,000 P20,000 None of these Gross profit declined due to increase in cost in the amount of: P70,000 P88,000 P97,500 None of these. The increase in sales price caused an increase in gross profit by: P100,000 P137,500 P110,000 None of these. The percent of change in volume is: 12.750% 11.000% 15.125% None of these The percent of change in cost is: 10.79% 10.000% 8.67% None of thesearrow_forward2018 2019 2020 Revenue 800 856 899 COGS 500 Gross Profit 300 **Assume that in 2018 $300 of COGS was Variable and $200 was fixed. Assuming revenue growth was driven by 5% volume and 2% price in 2019, what is the gross profit in 2019? Show your work. Assuming revenue growth in 2020 was driven by 4% volume growth and 1% price increase, what would be gross profit in 2020? Show your work.arrow_forward
- Kyle Company had the following information pertaining to 2022:Profit P100,000Sales P1,000,000Asset Turnover ratio 2 timesThe desired minimum rate of return is 15 percent. Questions: 1. What is the Return on Sales? 2. What is the ROI? 3. What is the amount of assets?arrow_forwardMay I ask for a solution and explanation to the problem for a better understanding. Thank you! If the sales this year amounted to P500,000, sales this year at last year’s prices is P460,000. The cost of sales this year is P300,000, and the cost of sales this year at last year’s price is P260,000. How much is the gross profit variation due to sales price factor? a. P0 b. P400,000 U c. P40,000 F d. P240,000 F e. can't be determinedarrow_forwardREQUIRED Use the information given below to calculate each of the following independently: 3.1 Expected total Marginal Income and Net Profit/Loss 3.2 3.3 3.4 3.5 Margin of safety (as a percentage; expressed to two decimal places) Break-even quantity if the selling price drops by 10% Break-even value using the marginal income ratio, if the company spends an additional R435 200 on salaries Selling price per unit that will enable the company to achieve a net profit of R1 500 000 INFORMATION Slumber Limited manufactures beds. The following information was extracted from the budget for 2024: Expected production and sales (units) Selling price per bed Direct materials cost per bed Direct labour cost per bed Variable manufacturing overheads cost per bed Fixed manufacturing overheads cost Sales commission (as a percentage of the selling price) Fixed administrative and selling costs 1 200 R6 000 R1 700 R860 R320 R1 084 800 20% R720 000arrow_forward
- Question 3:salalah Company's financial information is given in the table below. Year 2020 Sales (OMR) Fixed Costs 445000 Variable Costs: 105000 245000 2021 500000 150000 280000 You are required to calculate the following values for each year. The years are independent of each other. a) P/V ratio, b) В.Е.Р. c) Sales required to earn a profit of OMR 45000. d) Margin of safety at a profit of OMR 50000 e) Profit when sales are OMR. 300000.arrow_forwardMay I ask for an explanation and solution to the question for a better understanding. Thank you! 1.If the sales this year amounted to P500,000, sales this year at last year’s prices is P460,000. The cost of sales this year is P300,000, and the cost of sales this year at last year’s price is P260,000. How much is the gross profit variation due to sales price factor? a. P0 b. P400,000 U c. P40,000 F d. P240,000 F e. can't be determinedarrow_forwardTrend analysis show solution Percentage of changearrow_forward
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