maximum profit u
Q: Tanner-UNF Corporation acquired as a long-term investment $300 million of 7% bonds, dated July 1, on…
A: A Journal entry is a primary entry that records the financial transactions initially. The…
Q: Topper Toys has developed a new toy called the Brainbuster. The company has a standard cost system…
A: Lets understand the basics. Material price variance is a variance between the standard price at…
Q: Given the following information, compute the current ratio Cash $ 120,000 Accounts receivable…
A: Introduction: Current ratio : Current ratio tells the ability of the company to company its short…
Q: What information does articles of incorporation include?
A: A corporation is required to formulate and sign a set of formal documents at the time of…
Q: On Jan 1, 20X1, ABC Corp received a P450,000 3-year note from a customer. The principal and interest…
A: Note receivable is one of the current asset of the business. It means note for which amount of cash…
Q: Golf Trends is an importer of a wide variety of Cleveland golf products. On 1 November 2018 the…
A:
Q: 5.) True or False The correct formula is. Clean Price- Accrued Interest = Dirty Price True False
A: Since you have posted question two questions, we will do the first one for you. Please re-post the…
Q: Interest paid or accrued during 2018 on aggregate acquisition indebtedness of $2 million or less ($1…
A: Accrued interest is the amount of interest which has not been paid yet. It is also written as…
Q: The adjusting entry to correct the entry made on trade-in of Machine 3 will include a
A: As per our protocol we provide solution to only one question but you have asked three multiple…
Q: The following information about ABC Company is available at December 31, 2020: Employee income…
A: Current Liabilities are those liabilities and obligations which needs to be settled in short period…
Q: Aguas Company produces tables. The following data apply for the month of March: Raw materials…
A: Journal entries should not be used to record routine transactions such as customer billings and…
Q: Problem 28-07 Suppose a French bottle of champagne costs 20.5 euros. Instructions: Enter your…
A: The price of the domestic currency in relation to another currency is known as the foreign exchange…
Q: On January 1, 2020, Merlo Company acquired 80% of the stocks of Fritzie Company for P2,000,000. On…
A: Cost of sales by Merlo Company to Fritzie Company =800000 - 25% x 800000 = 600000 1)Cost of sales by…
Q: BMX Company has one employee. FICA Social Security taxes are 6.2% of the first $132,900 paid to its…
A: Payroll tax expense account refers to the account which is used to determine the balance of the…
Q: Recording Asset Exchanges Minneapolis Inc. has equipment with an original cost of $84,000 and…
A: In case of lack of commercial substance , the gain is recognized in proportional manner and total…
Q: The bank statement issued by bank to its clients can be used as a source document for the following…
A: Source document is the primary and reliable evidence of a business transaction.
Q: Use the following information to calculate cash received from dividends: Dividends revenue $ 30,300…
A: Introduction: Dividends: Dividends are distributed to shareholders of the company. Dividends are…
Q: Use the percent-of-sales method to prepare a pro forma income statement for the year ended December…
A: A pro forma income statement is a document that shows a company's adjusted income after certain…
Q: On Jan 1, 20X1, ABC Corp received a P300,000 3-year note from a customer. The principal and interest…
A:
Q: Laurent is a single individual with an adjusted groes income of $50.000 in 2021. During the ourent…
A: Deductions are the reliefs which are given to the individuals for certain aspects. These amounts are…
Q: Required: Prepare a cash budget for October. Include supporting schedules for cash collections and…
A: Cash budget is one of the important type of budget being prepared in business. It shows expected…
Q: One of the following attributes in respect of accounting transactions is not correct: O a.…
A: Accounting transactions indicate the system of recording events having a monetary value that have…
Q: Flaherty, Inc., has just completed its first year of operations. The unit costs on a normal costing…
A: Income statement is prepared with a view to ascertain the total income earned by an entity over a…
Q: You are considering two job offers: Job 1 is a full-time position that pays $58,000 annually and Job…
A: Number of Hours: 40 Hours Payment per hour: $26 Gross Annual Income after vacation for Job 2: ?
Q: A package holiday company is about to block book hotel rooms for the coming season. The number of…
A: Cost management is related to the activities of management for planning and controlling the business…
Q: The University of Cincinnati Center for Business Analytics is an outreach center that collaborates…
A: Fees for the Symposium = $70 per person Rental cost for auditorium = $150 Registration processing…
Q: At the beginning of the current year, Bert Company purchased a mineral mine for P26,400,000 with…
A: GIVEN At the beginning of the current year, Bert Company purchased a mineral mine for P26,400,000…
Q: econstruction campaign at an amount of (800) hillion Iraqi dinars, and the period of its use is…
A: Concept of Depreciation accounting of assets Value of Equipment ( Million) 800 Salvage…
Q: Brown Inc. has 5,000 shares of 6%, $50 par value, cumulative preferred stock and 100,000 shares of…
A: As per IAS 33, Earnings per share The cumulative preferred stock holders will be eligible for…
Q: On January 1, 2021, Pine Company owns 40 percent (76,000 shares) of Seacrest, Ic., which it…
A: If a company have ownership in another company, its assets and liabilities are subject to…
Q: Interperiod Measurement of Productivity, Profit-Linked Measurement Helena Company needs to increase…
A: Standard as per 20X1 : Power = 184,300/23,038 = 8 = 184,300/46,075 = 4
Q: per year from there on out. What is the optimal ownership period (economic life) in years assuming a…
A: A Company has purchased a high end milling machine for $ 3,89,000. The operating cost of the mill is…
Q: Which of the following measures both efficiency and effectiveness? O a social responsibility Ob…
A: Efficiency and effectiveness are the elements of any work to be done and both these components go…
Q: The following events occurred Gargantuan's first year of operations: 1. Acquired $36,000 cash from…
A: The cash flow statement is prepared to determine the cash generated or used by the business. The…
Q: Find the book value of machine purchased 2 years ago for P20,000 if it is depreciated using sum of…
A: Depreciation expense is the reduction in the value of asset due to its use over the life of asset.…
Q: As a long-term investment at the beginning of the 2021 fiscal year, Florists International purchased…
A: Journal entries shows the recording of transactions during an accounting year and every transaction…
Q: 1) Prepare a 10 - column worksheet as at December 31. 2) Journalize Your adjustments 3)…
A:
Q: The Matilda produces two products, Alpha and Beta, and uses the conventional method of allocating…
A: Activity based costing is one of the costing method under which all indirect costs are being…
Q: Complete the FLASH TRUCKING SERVICES WORKSHEET FOR THE MONTH ENDED DECEMBER 31, 2014
A: Worksheet is a 10 column sheet which is being prepared by the business to first show unadjusted…
Q: Which is typically not considered a crucial cost driver: 1. Marketing intensity 2. Capacity…
A: The cost drivers are used to allocate the costs of overhead to the number of produced units, in…
Q: could someone please explain how after controlling the natural log of total assets, current ROA can…
A: Return on investment (ROI) is essential in an organization used to assess the efficiency or…
Q: Manny Company uses many kinds of machines in its operations. The following information relates to a…
A: Any cost that will have economic life in future and last for more than a year should be capitalized.…
Q: Which of the following items would be useful to management in deciding whether to investigate the…
A: Standard costs are the budgeted costs related with the production, manufacturing and selling of…
Q: Stephanie's Cafes, Inc., has declared a dividend of $1.53 per share for shareholders of record…
A: Solution: Dividend per share declared = $1.53 Nos of outstanding shares = 250000
Q: Question 1 What is the accounting treatment of the direct issue costs of shares of stocks? O Debit…
A: Ques 1 Direct issuance cost of shares of stock should be recorded as expense in the income…
Q: You are considering two job offers: Job 1 is a full-time position that pays $58,000 annually and Job…
A: Introduction: A corporation's pretax earnings provide information about its financial performance…
Q: Model A Model B Model C Units of production 1,700 1,200 1,100 Labour hour required 0.3 0.6…
A: Given data :- Total overheads = $103,000 Total activities of Activity 1 : = 1,000 + 600 + 400 =…
Q: maintenance costs: Total Total Month Maintenance Costs Machine Hours January $2,750 2,850 February…
A: Solution... Highest point Machine hours = 8,300 Maintenance costs = $5,693 Lowest point…
Q: On July 1, 2019, GAR Company acquired 800,000 shares of FAR Company at a price of P13 per share. GAR…
A: Total number of shares outstanding of FAR Company = P5,000,000P5 per share = 1,000,000 shares % of…
Q: Admission by Investment of Assets Partners Quinsay and Buenaventura have capital balances of…
A: On admission of a new partner, the existing partnership comes to an end and a new partnership comes…
Use the following data to solve problem #2:
- Fixed costs $2,500
- Variable cost per unit $1.00
- Selling price per unit $6.00
- Run a simulation for production runs in increments of 100 (run 15)
- At what production level in the company profitable
- What is the amount of profit?
- What is the maximum profit under these conditions
- Show all work on a spreadsheet
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 2 images
- Download and fill out the Section 5 Comprehensive Problem Template attached below to complete the problems (ignore question 5-2 as this applies to the "combined accounting and finance" course). Problem 5-1 Redlands Inc. sells one product for $5. The variable cost per item is $3, and the fixed costs for the firm are $40. Required: a. Compute the breakeven point in units. b. Compute the number of units and sales revenue needed to achieve a $20 profit. (Ignore income taxes.) c. Assume that the income tax rate for Redlands is 40%. Compute the number of units and sales revenue needed to achieve an $18 net profit. d. Compute the number of units and sales revenue needed to achieve an 8% profit margin. (Ignore income taxes.) e. Compute the number of units and sales revenue needed to achieve a 12% net profit margin. (Assume a 40% income tax rate.) f. Assume that Redlands currently sells 40 units. Redlands estimates that if it increased sales price to $6 per unit demand would decrease by…APPLY THE CONCEPTS: Target income (sales revenue) Another useful method for figuring out the type of performance your company will need to reach a target income is by using sales revenue. Rather than using the number of units, this method uses total sales revenue. In companies for which the total set of goods produced and sold is more varied, this would be the preferred method, as opposed to a business in which only one product is sold. Assume a company has pricing and cost information as follows: Price and Cost Information Amount Selling Price per Unit $30 Variable Cost per Unit $15 Total Fixed Cost $15,000 For the upcoming period, the company wishes to generate operating income of $40,000. Given the cost and pricing structure for the company's product, how much sales revenue must it generate to attain its target income? Step 1: Calculate the contribution margin ratio: The contribution margin ratio is the contribution margin in proportion to the selling price on a per-unit basis.…Chapter 25 eBook 4 Show Me How Product Cost Method of Product Costing Voice Com, Inc. uses the product cost method of applying the cost-plus approach to product pricing. The costs of producing and selling 5,270 cell phones are as follows: Variable costs per unit: Fixed costs: Direct materials $71 Factory overhead $199,500 Direct labor 37 Selling and administrative expenses 70,800 Factory overhead 22 Selling and administrative expenses 22 Total variable cost per unit $152 Voice Com desires a profit egual to a 15% rate of return on invested assets of $601,600. a. Determine the amount of desired profit from the production and sale of 5,270 cell phones. $ 90,240 v b. Determine the product cost per unit for the production of 5,270 of cell phones. Round your answer to the nearest whole dollar. 168 V per unit c. Determine the product cost markup percentage for cell phones. Round your answer to two decimal places. 31 х%
- Harrington Corporation produces three products, A, B, and C. Pertinent information on these products is as follows: Product Selling Price per Unit Variable Cost per Unit Fixed Costper Unit DL Hoursper Unit A $ 4.00 $ 1.00 $ 2.00 2 B $ 3.50 $ 0.50 $ 2.00 2 C $ 6.00 $ 2.00 $ 3.00 3 The objective function for a linear program to maximize contribution margin from the set of three products is: Multiple Choice Z = $3A + $2.50B + $5C. Z = A + B + C. Z = A + $0.50B + $2C. Z = $3A + $3B + $4C. Z = $4A + $3.50B + $6C.a) Build a spreadsheet model that calculates profit or loss, using the principles of good spreadsheet design. If Harris makes 15,000 units, what is the resulting profit? b) Construct a one-way data table with production volume as the column input and profit as the output. Vary production volume from 0 to 100,000 in increments of 10,000. In which interval of production volume does breakeven occur? c) Construct a two-way data table with production volume as the column input and revenue per unit as the row input. Vary production volume from 0 to 100,000 in increments of 10,000. Input the revenue per units as $.75, $.85, $.95, $1.05. d) Use Goal Seek to find the exact breakeven point. Hint: To value: = 0.Assume that the linear cost and revenue models apply. An item costs $12 to make. If fixed costs are $3000 and profits are $5000 when 100 items are made and sold, find the revenue equation. (Let x be the number of items.)R(x) =
- Consider the following information for a given business. Sale revenue =GHS40,000 VC per unit =GHS20 Activity level =1,000 to break even Required: 1. Determine the TFC 2. Express the contribution as a percentage of sale. 3. The company plans to sale 1,500 unit in the next period. What will be the percentage margin of safety (MoS) 4. What margin should the business employ for planning purposes? 5. What total profit should the business expect in order to achieve it's planned sales?Tom uses his computer to calculate the following regression formula:Weekly total costs = $18,791 + ($19.97 * Number of orders per week) Draw the regression line on your graph. Use your graph to evaluate the regression line using the criteria of economic plausibility, goodness of fit, and significance of the independent variable. Is the cost function estimated using the high-low method a close approximation of the cost function estimated using the regression method? Explain briefly.The controller for the Lillian Corporation created an Excel worksheet that included a profit calculation. The worksheet also contained a data table created using the What-if analysis tool to analyze the sales price, volume, and profit related to the graphics card the company manufactures. The worksheets are pictured next. Profit calculation 2 Sales price per unit $50 3 Less: Variable cost per unit $20 4 Contribution margin per unit $30 5 × Volume 700 6 Total contribution margin $21,000 7 Less: Fixed expenses $12,000 8 Operating income $9,000 9 10 Monthly target profit (minimum) $9,999 Data table 2 $9,000 $45 $50 $55 $60 $65 $70 3 900 $10,500 $15,000 $19,500 $24,000 $28,500 $33,000 4 850 $9,250 $13,500 $17,750 $22,000 $26,250 $30,500 5 800 $8,000 $12,000 $16,000 $20,000 $24,000 $28,000 6 750…
- The controller for the Lillian Corporation created an Excel worksheet that included a profit calculation. The worksheet also contained a data table created using the What-if analysis tool to analyze the sales price, volume, and profit related to the graphics card the company manufactures. The worksheets are pictured next. Profit calculation 2 Sales price per unit $50 3 Less: Variable cost per unit $20 4 Contribution margin per unit $30 5 × Volume 700 6 Total contribution margin $21,000 7 Less: Fixed expenses $12,000 8 Operating income $9,000 9 10 Monthly target profit (minimum) $9,999 Data table 2 $9,000 $45 $50 $55 $60 $65 $70 3 900 $10,500 $15,000 $19,500 $24,000 $28,500 $33,000 4 850 $9,250 $13,500 $17,750 $22,000 $26,250 $30,500 5 800 $8,000 $12,000 $16,000 $20,000 $24,000 $28,000 6 750…Give typing answer with explanation and conclusion You are given the following information on a Company - ROAop = 10%, tc = 30% and rd = 5% if D/EV = 30%, what is ROE = ? Question 21 options: 8.05% 8.50% 10.00% 15.00% the answer is 8.5% but i dont understand how to get there can someone show me the work and break it downUse the accompanying Profit_Analysis spreadsheet model to answer the following questions. Assumptions: Fixed cost: $ 5,000.00 Material costs per item: $ 2.25 Labor costs per item: $ 6.50 Shipping costs per 100 items: $ 200.00 Price per item: $ 12.99 Quantity: 2000 Outputs: Total revenues: $ 25,980.00 Total costs: $ 26,500.00 Total profits: $ -520.00 1. Use the data table tool to show the impact of quantity ranging from 1,500 to 5,000 with 500 unit increments on the total revenues, total costs, and total profits. What are the revenues, costs, and profits for 3,500 units? 2. Use the data table tool to show the impact of labor costs ranging from $5.00 to $8.00 with $0.50 increments and price per item ranging from $10.99 to $15.99 with $1.00 increments on the total profits. What is the total profit if the labor costs are $6.50, and the price is $14.99? Note: Round your answers to 2 decimal places. 3.…