Using this information below, answer the following question: What is the CMRw? Total sales amount to $2,000,000 Food generates 75% of total sales Food cost is $500,000 Beverages generated sales of $300,000 with a CMR of 0.85 The gift store generated the remaining sales at a cost of 30% Tax rate is 27% Annual fixed costs total $1,500,000 Group of answer choices 0.70 0.30 0.20 0.50

Using this information below, answer the following question: What is the CMRw? Total sales amount to $2,000,000 Food generates 75% of total sales Food cost is $500,000 Beverages generated sales of $300,000 with a CMR of 0.85 The gift store generated the remaining sales at a cost of 30% Tax rate is 27% Annual fixed costs total $1,500,000 Group of answer choices 0.70 0.30 0.20 0.50

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Using this information below, answer the following question: What is the Net Income required? Total sales amount to $2,000,000 Food generates 75% of total sales Food cost is $500,000 Beverages generated sales of $300,000 with a CMR of 0.85 The gift store generated the remaining sales at a cost of 30% Tax rate is 27% Annual fixed costs total $1,500,000 Group of answer choices $1,080,000 $1,010,000 $1,000,000 $1,090,000
Calculate Profit from the following data:Sales: $40000Material cost: $10000Labour cost: $10000Fixed cost: $8000.
REQUIRED Answer each of the following questions independently. As far as possible use the expanded contribution margin model to present your answers. Calculate the total Contribution Margin and Operating Profit (Loss) if all 30 000 pallets are Sold. .calculate the margin of safety (as a percentage) for 2022 Use the contribution margin ratio to calculate the sales value required to achieve an operating profit of R6 000 000. Suppose an additional R300 000 is spent on advertising in order to increase the sales by 3 000 Calculate the number of pallets that need to be produced and sold to break even. Suppose the management team of…
Use 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.…
Find out BEP in units and value with the following data:Fixed cost - $50000Variable cost - $40 per unitSelling Price - $80 per unitCalculate:1) What will be the profit when the sales is $1000002) What will be the amount of sales if it desires to earn a profit of $15000
You are required to (i)Determine profit, when sales =200,000 Fixed cost=40,000 BEP=160,000 (ii)Determine sales, when fixed cost=20,000 Profit=10,000 BEP=40,000
A company would like to determine various costs and points to aid them in deciding whether to expand or not. If you are given the following information, compute the required amounts and / or figures.Selling price / unit = P100 Variable cost / unit = P70Annual fixed cost = P500,000 Compute 5. Sales in units to earn a profit of 10% of sales.
(a) Superior Gifts sells corporate gift package in Sabah, and Superior Gift has 3 types of gift packages. The following are the information available. Standard Superior Executive Selling price per package (RM) Total variable cost (RM) | Monthly sales (packages) Fixed cost (RM) 120 90,000 1,200 150 250 74,700 30,000 900 300 20,000 18,000 12,000 Required: (1) Calculate the Contribution Margin for each type of gift package. (ii) Calculate the combined Contribution Margin for Superior Gift. (iii)Calculate the break-even point in TOTAL units to be sold. (iv)Calculate the number of each type of room to be sold in order to achieve break- even point. (v) Assume that sales of 3,000 is projected for the month of December 2020, calculate the projected profit for the month of December 2020. (b) Explain ANY TWO (2) assumptions of Cost-Volume-Profit (CVP) analysis.
Best Windows is a small company that installs windows. Its cost structure is as follows: Selling price from each window installation $ Variable cost of each window installation Annual fixed costs Tax rate 450 $ 250 $ 175,000 40% Calculate the number of windows Best Windows must install and the revenues needed to earn a target net income of $72,000. *** Finally, calculate the revenues needed to earn a target net income or $72,000. Select the formula labels, then enter the amounts and calculate the revenues needed. Revenue required to achieve tarnet
Zachia Ltd provides the following data regarding its four product lines: Product Sales mix Weighted average contribution margin per unit (WACMU) Fixed costs Desired profit after tax w Y 60 20 15 $13.7 $71,000 $33,950 The corporate tax rate is 30% Required Calculate the number of units of Product X that must be sold in order to achieve the desired after-tax profit?
How much sales are required to earn a target net income of OMR 200,000 if total fixed costs are OMR 250,000 and the contribution margin ratio is 40%? Select one: a. OMR 1,125,000 Ob. OMR 500,000 c. OMR 1,012,500 O d. OMR 625,000 O e. None of the answers are correct Next page üul lis i 直。
The following information is for Nichols Company: Selling price $120 per unit Variable costs $50 per unit Total fixed costs $315,000 If the tax rate is 30% how many units need to be sold to achieve a net income of $37800? ( the 37800 is desired after tax amount)