**3. Claire Corp.'s sales increase from $500,000 to $1,000,000. What is the percentage change in sales?**____________________________________**4. Kappa Inc. produces a product that has a variable cost of $8/unit. The company’s fixed costs are $120,000. The product sells for $12/unit. The company would like to earn a $25,000 profit. What is the Break-Even point for Alpha, Inc. in units? What are the units required to achieve the desired profit?**

Since you have asked multiple questions, we will solve the first question for you . If you want any specific question to be solved then please specify the question number or post only that question Change in sales = $1,000,000 - $500,000 = $500,000% change in sales = Change in salesSales before increase×100 = $500,000$500,000×100 = 100%

Answered: 3. Claire Corp.'s sales increase from…

Business

Accounting

3. Claire Corp.'s sales increase from $500,000 to $1,000,000. What is the percentage change in sales?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

5. Shelton, Inc., has sales of $14 million, total assets of $12 million, and total debt of $6.7 million. Assume the profit margin is 7 percent. (a) What is the company's net income? (b) What is the company's ROA? (c) What is the company's ROE?
Need Help with this Question
.
Last year, Genten Company had sales of $7465 million. If Genten’s net profit margin was 0.41 and its return on assets was 0.37, what was Genten’s total assets?
Which of the following statements is TRUE? When EBIT and total assets both increase by 25%, the basic earnings power will also increase O a. An increase in the quick ratio over time means that the company's liquidity position is improving. O b. approximately by 25%. A lower than the industry's average inventory turnover ratio means that the company turns over or sells O C. and replaces its inventory more times per year. A higher than industry average P/E ratio indicates the company's stock must be overvalued. d.
Wims, Inc., has sales of $19.9 million, total assets of $14.9 million and total debt of $5.7 million. The profit margin is 12 percent. a. What is the company's net income? (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to the nearest whole number, e.g., 1,234,567.) b. What is the company's ROA? (Do not round intermediate calculations and enter your answer as a percent rounded 2 decimal places, e.g., 32.16.) C. What is the company's ROE? (Do not round intermediate calculations and enter your answer as a percent rounded 2 decimal places, e.g., 32.16.) Net income a. b. ROA C. ROE % %
5) Big Corporation had the following sales over the last 4 years; Year Sales (in 000s) 1 225.00 2 236.25 3 243.125 4 248.00 a) What was the growth rate in sales between years 1 & 2; b) What is the growth rate in sales between years 3 & 4; c) What is the average annual growth rate for these years?
Oliver Incorporated has a current ratio sales and its current liabilities are $2 million. What is the company's inventory turnover ratio? = 2.6, and a quick ratio equal to 2.2. The company has $4 million in
Common-size and trend percents for Roxi Company's sales, cost of goods sold, and expenses follow. Sales Cost of goods sold Operating expenses Common-Size Percents Current Year 100.0% 63.3 14.4 Change in Net Net Income Income 1 Year Ago 100.0% 61.1 13.9 2 Years Ago 100.0% 58.0 14.2 Trend Percents 1 Year Ago Current Year 105.0% 114.6 106.6 Complete this question by entering your answers in the tabs below. 103.8% 109.3 101.6 Determine the net income for the following years. Did the net income increase, decrease, or remain unchanged in this three-year period? 2 Years Ago 100.0% 100.0 100.0 Did the net income increase, decrease, or remain unchanged in this three-year period? Did the net income increase, decrease, or remain unchanged in this three-year period?