7. Unit sales needed to attain a Target Profit of P50,000. 8. Peso Sales needed to attain a Target Profit of P50,000. 9. Margin of Safety in Pesos.
Q: Determine the tax for Year 2 (only - not a total) if they decide to continue with manual mixing.
A: The tax on cash outflow would result in savings in tax and hence it would result in a decrease in…
Q: What are the main sources of revenues for the City of Phoenix, including both governmental and…
A: The revenues arise from the operations of the business and the City P has classified its…
Q: Fund balance-unassigned 150,000 Totals $1,827,000 $1,827,000 By how much do the closing entries at…
A: Here discuss about the details of the increase in the closing entries to fund unassigned in the…
Q: Assume that S corporation shareholder Julia receives pass-through ordinary income (non-separately…
A: Answer: Assume that S company shareholder Julia gets turn ordinary income (non-separately declared…
Q: Complete the following table by filling in the missing amounts: Mark-up on Cost Price Profit Selling…
A: In the context of the given question, we should consider the table to compute the missing amounts in…
Q: Based on the following reconciling itens between the bank balance and the book balance an November…
A: A bank reconciliation statement aligns an organization's bank account with its financial documents…
Q: Drifblim Fine Furniture Manufacturing Inc regularly produces 1,200 kitchen sets per month. The…
A: Calculation of Total cost of producing 1,600 sets Amount Direct Materials (P 21,000/ 1,500…
Q: A real property was transferred to a revocable trust with Carding as the beneficiary. The property…
A: Gross Rentals: 900,000 Expenses attributable to the maintenance of the property: 200,000 Total…
Q: If you have a taxable income of $372,570.00, what is your total tax bill? $ average tax rate? %
A: Tax is the amount charged by the government to the individual or organizations on the income earned…
Q: Chapter 10: Stockholders' Equity and Appendix D Use the Stockholders' Equity section of FSB's…
A: Answer 1) Calculation of number of shares of Preferred Stock Issued Number of shares of Preferred…
Q: Dinshaw Company is considering the purchase of a new machine. The invoice price of the machine is…
A: Calculation of Internal rate of return Internal rate of return is the rate at which the present…
Q: By looking at these real life samples of Financial Statements prepared in accordance to PAS/IAS:…
A: Answer:- Biological assets definition:- Biological assets are those assets which are live assets,…
Q: Documentation is required in helping varying degrees of user sophistication in using the information…
A: Accounting software is the software which is used by the company or any business be it a small…
Q: The following information is given to you relating to the operations of PrincehallCorporation: The…
A: Income from operations only only the income and expenses which are related to the business…
Q: Seacrest Company uses a process costing system. The company manufactures a product that is processed…
A: A journal entry is a form of accounting entry that is used to report a business transaction in a…
Q: QUESTION 2 Huxley Company has 264277 shares of common stock authorized, 153543 issued, and 71672…
A: DIVIDEND PAID : = OUTSTANDING COMMON SHARES X DIVIDEND PER SHARE
Q: The following data were obtained regarding the operations of Kirsten Company: Sales in units P…
A: Since you have posted question with multiple sub-parts we will do the first three sub-parts asked by…
Q: Mary's Baskets Company expects to manufacture and sell 23,000 baskets in 2019 for $6 each. There are…
A: Amount of sales revenue that will be reported in 2019 Budgeted income statement = Budgeted sales…
Q: Q2/The University of Anbar purchased equipment for the purposes of the construction campaign in the…
A: The Fixed Ratio Method of Depreciation is Straight-line Method of Depreciation. Under this method,…
Q: A) Compute the present value of operating lease obligations using an 8% discount rate for Jarir Inc.…
A: In an operating lease, the assets can be used by the lessee without actually taking the ownership of…
Q: Bonnie and Clyde are the only two shareholders in Getaway Corporation. Bonnie owns 60 shares with a…
A: Section 302(b)(2) states the redemption test for determining whether the shares remained with the…
Q: Total fixed costs 20,000 The actual units produced and sold was 10% higher than it had budgeted. In…
A: Flexible Budget A flexible budget is one based on different volumes of sales. A flexible budget…
Q: The actual information pertains to the month of June. As part of the budgeting p developed the…
A: Budgeted selling price per unit = Static budgeted sales revenue/sales units
Q: Problem 1 - Cash dividends, treasury stock, and statement of retained earnings - Widget Corporation…
A: Treasury stock are the stock bought back by the company, in other terms, reacquired by the company.…
Q: Why an internal control system can only provide reasonable assurance on the achievement of an…
A: Internal Control is the process designed, implemented and maintained by those charged with…
Q: The following costs were incurred in May: Direct materials Direct labor Manufacturing overhead…
A: Lets understand the basics. Conversion cost is a cost to convert raw material into finished goods.…
Q: Goodard Inc. planned to use $154 of material per unit but actually used $148 of material per unit,…
A: Variance is considered as the difference between budgeted value and actual results. The management…
Q: What is true of budgets?
A: Budget: Budget is an estimation of revenue and expenses over a specific period of time. It's a…
Q: DUse the following to answer questions 18 - 22 Attention Men's Wear, Inc. Balance Sheet…
A: Note: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…
Q: Allowance for Uncollectible Accounts is a contra asset account, which means that its normal balance…
A: The questions here pertain to contra asset accounts. Note that contra asset accounts are those…
Q: How do I calculate the economic order quantity (EOQ) per annum? New West Secondary School purchases…
A: Answer) Calculation of Economic Order Quantity Economic Order Quantity = (2 x Annual demand in units…
Q: e "Happy Cow" store sells skim milk that is delivered daily. The demand has a uniform distribution…
A: "Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…
Q: On January 1, 2021, Heaven Inc. reported the following shareholders' equity: Preference share…
A: Accumulated depreciation related to a fixed asset means the total amount of depreciation charged on…
Q: On January 1, 2017, Nobel Corporation acquired machinery at a cost of ₱800,000. Nobel adopted the…
A: Depreciation is expense. Expense reduce the net income due to which less tax required to be paid.…
Q: The following Income Statement information has been obtained from the books of Unlimited Liquors…
A: An income statement is one of the important statements in a company's financial statements that…
Q: Production costs are inclusive of the following EXCEPT Selling and Distribution Cost Supervisor's…
A: Production cost is the cost incurred to produce a product.
Q: Frank, Sara, and Gilbert form FSG Services, Inc., an S corporation, by contributing the following…
A: Note: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…
Q: eet (SS) Company produces and sells 7,000 specialty Treats per year at a se 350 each. Its current…
A: Revenue is the funds generated from common commerce operations, computed as the average sales price…
Q: Q/3 The Municipality Directorate has purchased vehicles in the amount of (120) million Iraqi dinars…
A: Accounting for Depreciation Constant Ration Method of Depreciation
Q: 36 Construction is constructing an office building under contract for Election Cafe. The contract…
A: Construction Contracts means a contract between two parties for a construction of an asset where in…
Q: Income Statements and Firm Performance: Variable and AbsorptionCostingJellison Company had the…
A: An income statement is a statement that summarizes a company's profits and costs. It also displays…
Q: Happy
A:
Q: which she settled $300,000. Income and capital beneficiaries of the trust include Wendy and her two…
A: Here asked about the settlor discretionary settlement and after the tax consequences in their after…
Q: Scarlet Company received an invoice for $70,000.00 that had payment terms of 1/5 n/30. If it made a…
A: Lets understand the basics. Seller for attracting early payment, gives the discount term to buyer of…
Q: Cherise Ortega, marketing manager for Romer Company, was puzzled by the outcome of two recent bids.…
A: Disclaimer: “Since you have posted a question with multiple sub-parts, we will solve first three…
Q: Whirlpool Corporation's most recent income statement is shown below: Total Per Unit Sales (10,000…
A: Calculation of Net Operating Income if Sales volume increases by 100 units Amount Sales…
Q: on December 31, 2022 to be ab d of each month for the next 2 mount on deposit will earn ann d…
A: Given as, PMT=4000 RATE =2%/12 N=25 x 12=300
Q: The data relates to product P: Selling price $25 per unit Variable cost $20 per unit Fixed costs are…
A: Breakeven is the point, where total expenses (variable + fixed) are equal to total revenue. At this…
Q: give the journal entry received a promissory note in payment of an account.
A: The journal entry keeps the records of day to day transactions of the business as debit one account…
Q: Kobe Company has manufactured 200 partially finished cabinets at a cost of $102,000. These can be…
A: Incremental income = Incremental Sales revenue – Incremental costs
Step by step
Solved in 2 steps
- Matamad Inc. Provides you with the following data on its operation for analysis:Unit selling priceP40Variable costs and expenses per unit.P30Fixed cost and expenses per annum.P48,000REQUIRED:a. Contribution margin per unitb. Contribution margin percentagec. BEP sales volume (units)d. BEP peso salese. Peso sales with desired income of P9,000f. Peso sales with desired income P13,000 after 32% income taxThe following information is extracted from the income statement of Al Shams Private Ltd. The Price (P) per unit of product is OMR 12 and Variable cost (VC) per unit is OMR 7 and fixed operating cost is OMR 8,000.Answer the following question after analyzing the given table. YEAR 1 YEAR 2 Sales (in units) 5,000 9,500 Sales Revenue (in OMR) ? ? Less: Variable operating costs ? ? Less: Fixed operating costs 8,000 ? Earnings before interest and taxes (EBIT) ? ? Complete the table Calculate the Degree of Operating Leverage (DOL). Interpret your answer (DOL).Cardiff Electronics Company had the following statement of comprehensive income for the most recent year. Sales (17,000 units). Less: Variable expenses. Contribution. Less: Fixed expenses. Profit. Given this data, the contribution per unit was: Select one: O A. £2 O B. £15 O C. £6 O D. £4 £357,000 225,000 102,000 68,000 £ 34,000
- A company has assessed the profitability of its three products as shown here: Product A Product B Product C Total Sales (units) 3,000 5,000 2,000 10,000 £ £ Price 15.00 10.00 5.00 Variable costs 6.00 4.00 3.00 Divisible fixed costs 2.00 1.00 0.50 Non-divisible fixed costs 2.00 2.00 2.00 Profit/(Loss) 5.00 3.00 (0.50) As a result of this, it has been suggested that Product C should be dropped. All other things being equal what would be the financial impact of dropping Product C? A B Profit would increase by £1,000. Profit would increase by £2,000. Profit would fall by £3,000. C D Profit would fall by £4,000. £Sales (18,00e units) Variable expenses Contribution margin Fixed expenses $ 368,008 144,e00 216,eee 188,eee $ 36,000 Operating incone Required: Answer each question Independently based on the original data: 1. What is the product's CM ratio? 2 Use the CM ratio to determine the break-even polnt in sales dollars.The following data refer to cost-volume-profit relationship of Albert Co. Break-even point in units 1,000 Variable cost per unit P250 Total fixed cost P75,000 How much will be contributed to operating income by the 1,001ˢᵗ unit sold?
- Smithen Company, a wholesale distributor, has been operating for only a few months. The company sells three products-sinks, mirrors, and vanities. Budgeted sales by product and in total for the coming month are shown below based on planned unit sales as follows: Sinks Mirrors Vanities Total Units 1,000 500 500 2,000 Percentage of total sales Sales Variable expenses Contribution margin Contribution margin per unit Fixed expenses Operating income Break-even point in unit sales: Percentage sex 25% 25% 100% Break-even point in sales dollars: Total Fixed expenses. Weighted-average CM per unit Sinks 48% Product Mirrors 20% $264,000 100.00% $110,000 100.00% $176,000 100.00% $550,000 100.00% 80,000 30.30% 72,000 65.45% 82,000 46.59% 219,300 39.87% 53.41% 60.13% $184,000 $ 94,000 330,700 69.70% 38,000 34.55% S 76.00 $ 184.00 $ 188.00 Fixed expenses Overall CM ratio $293,300 $158.00 Vanities 32% $293,300 0.60 1,856.33 units Total 100% 293,300 $ 37,400 = $487,798.61 *($184.00 0.50) + ($76.00 x…II. George Corporation has the following information for the current year: Selling price per unit Variable costs per unit Fixed costs Required: Prepare a cost-volume-profit graph identifying the following items: Total fixed costs line Total variable costs line Total costs line Total revenues line Breakeven point in sales dollars Breakeven point in units A. B. C. D. E. F. G. H. Dollars (S) Profit area Loss area 6,000 5,000 4,000 3,000 2,000 1,000 S 10.00 6.00 S $1,000.00 0 100 200 300 400 Qty (# Units) 500For a certain company, the cost function for producing x items is C(x)=40x+200, and the revenue function for selling x items in R(x)=−0.5(x−80)2+3,200. The maximum capacity of the company is 110 items. The profit function P(x) is the revenue function R(x) (how much it takes in) minus the cost function C(x) (how much it spends). In economic models, one typically assumes that a company wants to maximize its profit, or at least make a profit!Assuming that the company sells all that it produces, what is the profit function?P(x)= Preview Change entry mode . Hint: Profit = Revenue - Cost as we examined in Discussion 3. What is the domain of P(x)?Hint: Does calculating P(x) make sense when x=−10 or x=1,000? The company can choose to produce either 40 or 50 items. What is their profit for each case, and which level of production should they choose?Profit when producing 40 items = Number Profit when producing 50 items = Number Can you explain, from our model, why the company makes less profit…
- godo subject-Accounting The following information pertains to Venus Company's cost-volume-profit relationships: Break-even point in units sold = 1,000; Variable costs per unit = GHC500; Total fixed costs = GH¢150,000. How much will be contributed to profit before taxes by the 1,001st unit sold?Benovan Co. reports the following data: Sales (@ unit selling price of P20) Less Variable Costs Contribution Margin Less Fixed Costs Operating Profit P 840,000 546.000 P 294,000 168.000 P 126,000 Rased on the above data, the following were determined by an accounting staff: ======== Sales Breakeven Sales in Breakeven Sales in units Volume UVC VC% UCM CM% DOL pesos The manager consulted you regarding the effects of the following changes on the company's breakeven sales in units, breakeven sales in pesos, Degree of Operating Leverage (DOL) and Operating Profit. Assuming all other factors remain the same, the following independent proposals were made: 1. Increase the sales volume by 25% New Sales Volume New BES in units New BES in Pesos New Operating Profit New DOL 2. Increase the fixed costs by 10% New DOL New Operating Profit New BES in Pesos New BES in units 3. Increase the unit variable costs to P14 New Operating Profit New DOL New BES in Pesos New BES in units Based on the three…what is the dollar sales to attain that target profit is closest to Data concerning Strite Corporation's single product appear below: Selling price per unit Variable expense per unit Fixed expense per month $ 150.00 $ 42.00 $421,200 He Assume the company's target profit is $8,000. The dollar sales to attain that target profit is closest to: (Round your i calculations to 2 decimal places.)