1. During the current year, Swarouskii Manufacturing earned income of P350,000 from total sales of P5,500,000 and average capital assets of P12,000,000. What is the sales margin?
Q: East Mullett Manufacturing earned operating income last year as shown in the following income…
A: EVA = Net operating profit after tax - (WACC * Captial invested) Net operating profit after tax =…
Q: During the current year, Sokowski Manufacturing earned income of $360,000 from total sales of…
A: Sales margin formula = Income earned/Total sales = $360,000 /$6,000,000
Q: East Mullett Manufacturing earned operating income last year as shown in the following income…
A: Economic value Added = Net Operating Profit After Tax - (Weighted Average Cost of Capital × Capital…
Q: X-1 Corp's total assets at the end of last year were $440,000 and its EBIT was $55,000. What was its…
A: The basic earning power ratio is another profitability ratio (BEP). The goal of BEP is to assess how…
Q: Find the operating cash flow for the year for Robinson and Sons if it had sales revenue of…
A: The cash flow that is generated by a company from its primary business operation is term as the…
Q: Sorrento Corporation's balance sheet indicates that the company has $500,000 invested in operating…
A: Profit Margin : Net Operating income/ Sales *100 Turnover : sales/Operating assets Return on…
Q: Blaser Corporation had $1,017,000 in invested assets, sales of $1,284,000, operating income…
A: Ratio analysis is a method of measuring the financial position of the organization with different…
Q: A retail company TGT has sales of $1,120,000 and total costs of $955,000, including depreciation and…
A: Profit margin = Net profit / Sales * 100
Q: Last year a company had sales of $400,000, a turnover of 2.4, and a return on investment of 36%. The…
A: Turnover ratio = Total Sales / Capital employed Hence Capital employed = Total Sales / Turnover…
Q: Blaser Corporation had $1,022,000 in invested assets, sales of $1,250,000, operating income…
A: Return on investment = Operating income / Average investment where, Average investment = (Beginning…
Q: The profit margin for Mason Corporation is
A: Profit Margin: It is a measure of profitability for the business. Higher the ratio, the better the…
Q: During the current year, Sokowski Manufacturing earned income of $422,100 from total sales of…
A: Sales margin is the amount that is generated by the sale of product or services. It is calculated by…
Q: Last year a company had sales of $400,000, a turnover of 2.4, and a return on investment of 24%.…
A: Operating income: Operating income refers to the income earned from the day-to-day operations. It is…
Q: If a company had $15,000 in net income for the year, and its sales were $300,000 for the same year,…
A: Profit margin ratio: The profit margin ratio measures the net income generated for every dollar of…
Q: Tech Manufacturing Company realized P15,000,000 in sales, with a cost of goods sold of P6,000,000,…
A: The ratio analysis helps to analyze the financial statements of the business. The Return on assets…
Q: Martinez Corporation reported Net sales of $766,000 and Net income of $141,000. The Profit margin is…
A: Profit Margin = Net Income/Net Sales * 100
Q: During the current year, Sokowski Manufacturing earned income of $327,600 from total sales of…
A: Sales margin means profit earned from the revenue generated from the sale of the goods or services.…
Q: Use this information for Mason Corporation to answer the question that follow. Mason Corporation had…
A: Ratio analysis: This is the quantitative analysis of financial statements of a business enterprise.…
Q: LMM Company’s total assets at the end of last year were P405,000 and its earnings before interest…
A: Total assets = P405,000 EBIT = P52,500
Q: Lions Corp's sales last year were $27,000, and its total assets were $16,000. What was its total…
A: Total Asset Turnover Ratio = Total Sales/ Average Assets
Q: Prepare an income statement if your company’s gross sales is P300,000, with operating expenses of…
A: The income statement is prepared to record the revenues and expenses of the current period.
Q: 6A. During the current year, Sokowski Manufacturing earned income of $489,887 from total sales of…
A: The sales margin is calculated as ratio of income and total sales.
Q: Avocado Company has an operating income of $100,800 on revenues of $1,013,000. Average invested…
A: Return on Investment is a ratio that shows the relationship between net profit and the cost of…
Q: Mason Storm Inc. has a profit margin of 16% based on revenues of $400,000 and an investment turnover…
A: Residual income is the income which is in excess of the net operating income less a charge of…
Q: - If net revenue from operations of a firm are $1,20,000; cost of revenue from operations is $66,000…
A: Operating income is calculated from the principal business of the entity after deducting operating…
Q: Use this information for Mason Corporation to answer the question that follow. Mason Corporation had…
A: Ratio analysis is a method of measuring the financial position of the organization with different…
Q: Find the operating cash flow for the year for Harper Brothers, Inc. if it had sales revenue of…
A: The formula to compute operating cash flow as follows:
Q: The figures shown in the table below are an extract from the financial statements of Ridgeway…
A: Given the following information: Capital employed: 1.5 million Revenue: $1,000,000 Cost of sales:…
Q: Bouvous Corporation had the following information for 2015: Revenue $400,000 Operating expenses…
A: Net income=Revenue-Operating expenses=$400,000 - $350,000=$50,000
Q: During the current year, Sokowski Manufacturing earned income of $270,000 from total sales of…
A: Sales margin Formula = Income earned/Total sales
Q: During the past year, the company’s financial results reflected the following: Selling, general,…
A: Gross profits refers to the difference of sales and direct costs associated with production.
Q: During the current year, Sokowski Manufacturing earned income of $346,500 from total sales of…
A: Please find the answer to the above question below:
Q: At the end of the year, Wrinkle Free Laundry (WFL) had $150,000 in total assets. (a)If WFL’s total…
A: Given: Total assets = $150,000 Total asset turnover ratio = 2 Return on asset = 6%
Q: What is the Profit Margin for Stevenson Corporation, given the following info: Invested Assets =…
A: Profit margin refers to the income earned by the company from the sale of goods and services after…
Q: Panther Incorporated has operating income of $300,000, a sales margin of 5%, and a capital turnover…
A: Capital turnover rate: It implies to the rate at which the turnover is generated from making use of…
Q: The figures shown in the table below are an extract from the accounts of Ridgeway (capital employed…
A: Capital employed = $1,500,000 Profit before interest and taxes = $300,000
Q: Rollins Corp's total assets at the end of last year were $300,000 and its EBIT was $75,000. What was…
A: BEP is calculated as the ratio of Earnings Before Interest and Taxes to Total Assets
Q: During the current year, Sokowski Manufacturing earned income of $396,900 from total sales of…
A: Formula: Sales margin = Earned income / Total sales.
Q: A. Based on this information, calculate asset turnover. If required, round your answer to two…
A: A) Asset turnover = Sales/Average capital assets = $5,520,000/$12,000,000 = 0.46 times
Q: A. Based on this information, calculate asset turnover. If required, round your answer to two…
A: Asset Turnover Ratio = Net Sales/Average capital assets*100
Q: Find the operating cash flow for the year for Harper Brothers, Inc. if it had sales revenue of…
A: Operating cash flow = profit after tax /net income + depreciation - taxes
Q: Local Co. has sales of $10.2 million and cost of sales of $6.2 million. Its selling, general and…
A: Gross profit margin (GPM) refers to the portion of the company’s goods and services that is…
Q: Robbins Corporation reports the following information at December 31, 2020: Sales $15,000,000, Cash…
A: Gross Margin = Sales - Cost of Goods Sold
During the year, Sokowski manufacturing earned income of 350,000,000 from total sales
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- Q6 The HASF Ink Ltd income statement for the preceding year is presented below except as noted the cost / revenue relationship for the coming year is expected to follow the same pattern as in the preceding year income statement for the year ending March 31 is as follow s Sales (200,000 units @ 2.5 Each) Rs. 5, 00,000 Variable cost 3, 00,000 Contribution margin 2, 00,000 Less Fixed cost 100,000 Profit before tax 100,000 Less tax 35,000 Profit after tax 65,000 Required At what level of sales will the company be able to maintain its present pre- tax profit position even after expansion?Search or type a command gement Accounting for KUBIM) O $1.00 49. If the National Division of American Products Company had a turnover ratio of 4.2 and a margin of 0.10, the return on investment would be * (1 Point) O 42.0%. O 23.8%. O 238.0%. O 420.0%. 50. Seaside Company produces picture frames. During the year 190,000 picture frames were produced. Materials and labor standards for producing the picture frames are as follows: Direct materials (2 pieces of wood @ $2.25) $4.50 Direct labor (2 hours @ $10) Seaside purchased and used 400,000 pieces of wood at $2.00 each and its actual labor hours were 360,000 hours at a wage rate of $10.50. What is the materials usage variance? * (1 Point) $20.00 O $45,000 U O $112,500 U O $112,500 F O $45,000 F 51. Connolly Company produces two types of lamps, classic and fancy, with unit contribution margins of $13 and $21, respectively. Each lamp must spend time on a special machine. The firm owns four machines that together provide 18,000 hours of…Assume Juniper Natural Dyes made Net Sales Revenue of $90,000 and Cost of Goods Sold totaled $58,000. What was Juniper Natural Dyes’s gross profit percentage for this period? (Round your answer to the nearest whole percent.) a. 36% b. 3.4 times c. 64% d. 17%
- hw6 q8 King Mattresses sells both mattress sets and bed frames. Last quarter, total sales were $62,000 for mattress sets and $31,000 for bed frames. Return on investment (ROI) was 20% for both divisions, while asset turnover (AT) was 5 for mattress sets and 2 for bed frames. Compute King Mattresses’s total return on sales (ROS) for the quarter.Question 1 During Goodluck Company's first 2 years of operations, the company reported the following net income as follows: Year 1 Year 2 Sales @ $25 Cost of goods sold @ $18 per unit Gross profit Selling and administrative expenses per unit $1,000,000 $1.250,000 (720,000) (900,000) 280,000 350,000 (210,000) (230,000) ($2 per unit variable; $130 fixed each year) Net income 70,000 120,000 The company's $18 unit product cost is computed as follows: Direct materials $4 Direct labour $7 Variable Manufacturing overhead Fixed manufacturing overhead ($270,000 + 45,000 units $1 $6 Production and cost data for the two years are Year 1 Year 2 Units produced Units sold 45,000 40,000 45,000 50,000 Required: а) Compute the product cost. b) Prepare a variable costing contribution format income for Year 1 and Year 2O Given Gross Margin of $212,000, Cost of Goods Sold of $544,000, Sales of $756,000 and net income of $65,000 what is Selling, General and Administrative expense 8$147.000 6. $132,000 c. $156,000 d. $488,000 e. $212,000
- What is the gross profit for the year if the net revenue from by-product is treated as additional sales revenue? b. P1,230,000 c. P1,218,000 d. P1,118,000 a. P1,200,000 What is the net income for the year if the net revenue from by-product is treated as deduction from the cost of goods sold? d. P118,000 b. P230,000 a. P200,000 c. P218,000Exercise 6-1 (Algo) The Effect of Changes in Sales Volume on Net Operating Income [LO6-1] Whirly Corporation's contribution format income statement for the most recent month is shown below: Per Unit $31.00 19.00 $ 12.00 Sales (7,300 units) Variable expenses Contribution margin Fixed expenses Net operating income Total $ 226,300 138,700 87,600 Required: (Consider each case independently): 1. Revised net operating income 2. Revised net operating income 3. Revised net operating income 54,500 $ 33,100 1. What would be the revised net operating income per month if the sales volume increases by 100 units? 2. What would be the revised net operating income per month if the sales volume decreases by 100 units? 3. What would be the revised net operating income per month if the sales volume is 6,300 units?1. Year one income statement by months ( sales by year 3 $2.7m 2.7 m /3 = $900,000 average each year sales 900,000 / 12 = $75,000 sales each month Revenues: Net sales $75,000 each month Expenses and loses Costs of goods sold 1,786 x $15.60 = $27,863.78 Capital expenses $1,150 / 12= $95.83 Location expenses $76,415/ 12 = $6,367.92 Advertising / Promotional expenses $78,285/ 12 = $6,523.75 CalculateTotal expenses Depreciation expense is straight line for this project ?. Use the market value of the asset divided by monthly expected life of the asset, We will not use salvage value in calculating depreciation expense.
- TB MC Qu. 2-61 (Algo) The following income statements are provided... The following income statements are provided for Li Company's last two years of operation: Year 1 Year 2 Number of units produced and sold 4,200 Sales revenue 009 $71,760 $65,520 Cost of goods sold Gross margin General, selling, and administrative expenses 39,760 36,460 000 17,540 18,820 090 Net income $13,180 $11,520 Assuming that cost behavior did not change over the two-year period, what is the annual amount of the company's fixed manufacturing overhead? Multiple Choice ) $1,810 $3,620 $5,620 None of these < Prev 3 of search ANENSales revenue is $725,700; allocated manufacturing overhead is $95,100; actual manufacturing overhead is $120,500; and cost of goods sold before adjustment is $380,300. What is the actual gross profit? Question 47 options: $224,900 $320,000 $370,800 $345,400Q1The HASF Ink Ltd income statement for the preceding year is presented below except as noted the cost / revenue relationship for the coming year is expected to follow the same pattern as in the preceding year income statement for the year ending March 31 is as follow s Sales (200,000 units @ 2.5 Each) Rs. 5, 00,000 Variable cost 3, 00,000 Contribution margin 2, 00,000 Less Fixed cost 100,000 Profit before tax 100,000 Less tax 35,000 Profit after tax 65,000 Required Suppose a plant expansion will add Rs. 50,000 and increase capacity by 60% how many units would have to be sold after the addition to break even units in quantity