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I only need the answer for the required 3 which is the volume of sales (in dollars)
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- Find in Amount ($) and Percentage(%) for Year 2 over Year 1: Income Statement - (a) Sales Revenue (b) Cost of sales (c) Gross MarginIt is due today. Please help! Can you help me find/solve the following? 1. PRIME COST (F+B+LABOR) 2. TOTAL COSTS OF SALES 3. TOTAL GROSS PROFIT 4. TOTAL INCOME 5. TOTAL INCOME LESS CONTROLLABLE 6. TOTAL OCCUPANCY COSTS 7. INCOME BEFORE INT, DEPR & TAX 8. TOTAL INTEREST EXPENSES 9. TOTAL DEPRECIATION EXPENSES 10. NET PROFIT or (LOSS)I need help with 5,7, and 12 please 5. Number of days in sales in receivables 7. number of days in sales in inventory 12. return on total asset i have tried working on them myself and nothing appears to be correct. Please help me on these last 3 questions for these questions i need the answer in dollar amounts as its asking for the current asset-current liabilities=calculated value i understand that number 5 is 365/16 but i need the dollar amount and number 7 is 365/6 i just need the dollar amount. Then 12 i need the dollar amount for number 5 i know its 6250000 i would assume its divided by 10000000 and get 22.8 days but my professor said it was wrong. number 7 i tried 1070000/5350000 and got 73 days which is still wrong number 12 i tried 1300000/9267500=14% and professor said wrong too
- Contribution Margin, Break-Even Sales, Cost-Volume-Profit Chart, Margin of Safety, and Operating Leverage Belmain Co. expects to maintain the same inventories at the end of 20Y7 as at the beginning of the year. The total of all production costs for the year is therefore assumed to be equal to the cost of goods sold. With this in mind, the various department heads were asked to submit estimates of the costs for their departments during the year. A summary report of these estimates is as follows: Estimated Estimated Variable Cost Fixed Cost (per unit sold) Production costs: Direct materials $50.00 Direct labor 30.00 Factory overhead $350,000 6.00 Selling expenses: Sales salaries and commissions 340,000 4.00 Advertising 116,000 Travel 4,000 Miscellaneous selling expense 2,300 1.00 Administrative expenses: Office and officers' salaries 325,000 Supplies 6,000 4.00 Miscellaneous administrative expense 8,700 1.00 Total $1,152,000 $96.00 It is expected that 12,000 units will be sold at a price…PRINTER VERSION CALCULATOR 1 BACK NEX Problem 3-35 (Part Level Submission) Sandhill Company produces a molded briefcase that is distributed to luggage stores. The following operating data for the current year has been accumulated for planning purposes. $41.17 Sales price Variable cost of goods sold Variable selling expenses Variable administrative expenses 13.17 11.77 4.17 Annual fixed expenses $15,600,000 3,100,000 6,500,000 Overhead Selling expenses Administrative expenses Sandhill can produce 3,000,000 cases a year. The projected net income for the coming year is expected to be $3,600,000. Sandhill is subject to a 40% income tax rate. During the planning sessions, Sandhill's managers have been reviewing costs and expenses. They estimate that the company's variable cost of goods sold will increase 15% in the coming year and that fixed administrative expenses will increase by $300,000. All other costs and expenses are expected to remain the same.Exercise 19-14 (Algo) Absorption costing and overproduction LO C1 Jax Incorporated reports the following data for its only product. The company had no beginning finished goods inventory and it uses absorption costing. Sales price Direct materials Direct labor Variable overhead Fixed overhead 1. Compute gross profit assuming (a) 76,000 units are produced and 76,000 units are sold and (b) 112,000 units are produced and 76,000 units are sold. 2. By how much would the company's gross profit increase or decrease from producing 36,000 more units than it sells? $ 57.60 per unit $10.60 per unit $ 8.10 per unit $ 12.60 per unit $ 1,276,800 per year Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute gross profit assuming (a) 76,000 units are produced and 76,000 units are sold and (b) 112,000 units are produced and 76,000 units are sold. Sales Cost of goods sold Gross profit 00 (a) 76,000 Units Produced and 76,000 Units Sold…
- HI PLEASE HELP ME. I only need the 1st quarter's total forecasted sales in units, 2nd quarter forecasted sales in units, 3rd quarter forecasted sales in units, and 4th quarters forecasted sales in units and its total forecasted sales in unitsFinancial information is presented below: Operating expenses Sales returns and allowances 3000 Sales discounts Sales revenue Cost of goods sold The gross profit rate would be 0.40. 0.60. 0.44. $ 45000 0.38. 8000 180000 101000If the demand equation is Q = 100-10P. find the consumer’s surplus when the consumer purchases 18 units. What is the revenue of the seller?
- he company has these parties of goods on hand: 10x1.000 TL; 20x900 TL; 10x800 TL; 10x700 TL. If 37 items are sold with 20% profit margin (COGS +20% Profit), what is COGS and Sales Revenue in LIFO? a. COGS: 9.400 TL; Sales Revenue: 11.280 TL b. COGS: 33.600 TL; Sales Revenue: 40.320 TL c. COGS: 30.300 TL; Sales Revenue: 36.360 TL d. COGS: 12.700 TL; Sales Revenue: 15.240 TLcalculate the fixed and variable components of the selling and administrative expenses by dividing the change in cost of the selling and administrative expenses between 2009 and 2010 to change in sales between 2009 and 2010 and use it to determine the fixed and variable components of the cost of the selling and administrative expenses . Saunders Corporation (amounts in millions of dollars) 2009 2010 Sales 8,296 8,871 Cost of Goods Sold (5,890) (6,290) Selling and Administrative Expenses (1,788) (1,714) Operating Income before Income Taxes 618 867Question 56: When using Solver, only one variable can be adjusted. Answer: A. TrueB. False Question 57: What is the net income value at the breakeven point? Answer: A. Maximum possible amount, given sales level B. Minimum possible amount, given sales level C. $0 D. $100,000