Profit and loss data for Lota & Romy, Inc. for 2019 and 2019 2020 Sales P2,688,000 Р3,45 Cost of Sales 1,920,000 2,76 Gross Profit P768,000 P69 REQUIRED: 1. Prepare a statement/summary analyzing the variation in much information as can be determined concerning fact change, under each of the following independent assumptic a. Total units sold in 2020 are 25% above units sold in 201 D. Selling prices in 2020 are 20% above the selling prices * Cost prices in 2020 are 10% lower than the cost prices in d. No data are available relative to prices and volume chan
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- PROBLEM 2 Information on ABC inventories is shown below: 2019 600,000 2020 Cost NRV 900,000 650,000 400,000 Requirement: Compute for the gain on reversal of write-down to be recognized in 2020 profit or loss.Exercise 6-22 Profit and loss data for Lota & Romy, Inc. for 2019 and 2020 follow: 2019 2020 Increase (Decrease) P762,000 Sales P2,688,000 P3,450,000 Cost of Sales 1,920,000 2,760,000 840,000 Gross Profit P768,000 P690,000 P(78,000) REQUIRED: 1. Prepare a statement/summary analyzing the variation in gross profit giving as much information as can be determined concerning factors responsible for the change, under each of the following independent assumptions: a.) Total units sold in 2020 are 25% above units sold in 2019. b. Selling prices in 2020 are 20% above the selling prices in 2019. C. Cost prices in 2020 are 10% lower than the cost prices in 2019. d. No data are available relative to prices and volume changes.Question 7 of 14 Fill in the blanks: Information on Mocha Co. inventories shwon below: 2019 2020 Cost 60,000.00 90,000.00 NRV 40,000.00 35,000 00 es a Compute the gain on reversal of write-down recognized in 2020 te 10 < Previous ing Era m SY 21 TUAL WORK ITING pluebook pcu.edu.ph/student_take_quiz_assignment/display/223113267par=78results=2413876203
- Exercise 6-21 The Bellview Corporation, which sells a single commodity, show the following operating results for a 3-year period: 2018 2019 2020 Sales Cost of Sales P4,500,000 2,925,000 P1,575,000 1,200,000 P375,000 P6,000,000 4,080,000 P1,920,000 1,400,000 P520,000 P6,200,000 4,216,000 P1,984,000 1,500,000 P484,000 Gross Profit Operating Expenses Net Income The selling prices of the commodity sold were as follows: in 2018, P22.50; in 2019, P24.00; and in 2020, P25.00. REQUIRED: 1. Prepare a summary of the detailed changes in gross profit for 2019 and 2020 as compared with the year immediately preceding in terms of volume changes and price changes for both sales and costs.64 The portion of the functional income statements of Brief Company for 2021 and 2020 are presented below: 2021 2020 Sales P890,000 P800,000 Cost of goods sold 530,000 450,000 Gross margin 360,000 350,000 Assuming that effective January of 2021 the unit cost is higher by 6 percent, calculate the change in sales due to change in volume rounded to nearest thousands. Group of answer choices P85,000 Favorable P88,000 Favorable P85,000 Unfavorable P88,000 UnfavorableProblem 13-02A (Video) The comparative statements of Cullumber Company are presented here: Cullumber CompanyIncome StatementsFor the Years Ended December 31 2020 2019 Net sales $1,891,640 $1,751,600 Cost of goods sold 1,059,640 1,007,100 Gross profit 832,000 744,500 Selling and administrative expenses 501,100 480,100 Income from operations 330,900 264,400 Other expenses and losses Interest expense 23,700 21,700 Income before income taxes 307,200 242,700 Income tax expense 93,700 74,700 Net income $213,500 $168,000 Cullumber CompanyBalance SheetsDecember 31 Assets 2020 2019 Current assets Cash $60,100 $64,200 Debt investments (short-term) 74,000 50,000 Accounts receivable 118,900 103,900 Inventory 127,700 117,200 Total current assets 380,700 335,300 Plant assets (net)…
- Q.1 Calculate the gross profit margin for Pearson & Litt for 2020. 2019 2020 Sales price per unit R15 R19 Variable cost per unit R6 R7 Fixed cost (FC) per annum R650 000 R 855 500 Fixed cost per unit R3 R4 Current assets R450 600 R560 700 Current liabilities R510 000 R780 000 Retained profit R21 809 R17 600 Net Sales R2 900 320 R 3 100 100 Cost of sales R390 000 R475 000Back to Assignment Attempts 3. Problem 17.03 (AFN Equation) EG eBook Keep the Highest / 10 Carlsbad Corporation's sales are expected to increase from $5 million in 2021 to $6 million in 2022, or by 20%. Its assets totaled $2 million at the end of 2021. Carlsbad is at full capacity, so its asset must grow in proportion to projected sales. At the end of 2021, current liabilities are $1 million, consisting of $250,000 of accounts payable, $500,000 of notes payable, and $250,000 of accrued liabilities. Its profit margin is forecasted to be 3%. $ a. Assume that the company pays no dividends. Use the AFN equation to forecast the additional funds Carlsbad will need for the coming year. Write out your answer completely. For example, 5 million should be entered as 5,000,000. Round your answer to the nearest dollar. b. Why is this AFN different from the one when the company pays dividends? I. Under this scenario the company would have a higher level of retained earnings, which would reduce the…F Question Viewer Cost of Goods Sold - Depreciation = EBIT - Taxes (20%). = Unlevered net income + Depreciation - Additions to Net Working Capital - Capital Expenditures = Free Cash Flow Year 0 A. 17% B. 30% C. 25% D. 22% _-400000_ Year 1 424897.541 - 165000 - 85000 174897.541 - 34979.508 139918.033 85000 - 20000 Year 2 424897.541 - 165000 - 85000 174897.541 - 34979.508 139918.033 85000 - 20000 Year 3 424897.541 - 165000 - 85000 174897.541 - 34979.508 139918.033 85000 - 20000 204918.033 204918.033 204918.033 Visby Rides, a livery car company, is considering buying some new luxury cars. After extensive research, they come up with the above estimates of free cash flow from this project. By how much could the discount rate rise before the net present value (NPV) of this project is zero, given that it is currently 8%?
- eBook Question Content Area Determining missing items in return and residual income computations Data are presented in the following table of returns on investment and residual incomes: Invested Assets Operating Income Return on Investment Minimum Return on Investment Minimum Acceptable Operating Income Residual Income $800,000 $200,000 (a) 14% (b) (c) $480,000 (d) (e) (f) $57,600 $19,200 $380,000 (g) 14% (h) $38,000 (i) $290,000 $55,100 (j) 12% (k) (l) Determine the missing items, identifying each item by the appropriate letter. For all amounts, round to the nearest whole number. a. fill in the blank 1 % b. $fill in the blank 2 c. $fill in the blank 3 d. $fill in the blank 4 e. fill in the blank 5 % f. fill in the blank 6 % g. $fill in the blank 7 h. fill in the blank 8 % i. $fill in the blank 9 j. fill in the blank 10 % k. $fill in…Final Exam (Fall 2020) -/6 > Question 22 of 50 View Policies Current Attempt in Progress Sheridan Corporation's Perfume division has a segment margin is $92000 for the current reporting period. Total assets at the beginning of the period were $807000 and $907o00 at the end of the period. What is the division's ROI? O 9.42% 10.74% O 11.40% O 5.37% Attempts: 0 of 1 used Submit Answer Save for Later MacBook Air esc 80 F3 888 F1 F4 44 トII F6 - 19 F8 @ #3 24 % & * 6. 7 8 9. W T Y. A D F H K く○61 2021 2020 Sales P2,080,000 P2,000,000 Cost of sales 1,755,000 1,500,000 Gross margin 325,000 500,000 Unit selling price decreased 20% at the start of 2019. The net change in gross profit in 2021 due to quantity factor is: Group of answer choices P600,000 increase P150,000 increase P400,000 increase P80,000 increase