Question 3 QUESTION 33.1 Prepare a projected statement of comprehensive income for the year ended 31 December 2021 to determinethe sales needed to produce a profit after tax that is 25% more than that for the year ending 31 December 2020.(Where applicable round of amounts to the nearest rand)INFORMATION:Calder EnterprisesStatement of Comprehensive Income for the year ended 31 December 2020RSalesCost of sales5 445 000(3 539 250)Gross profitOperating expensesIncome from operationsInterest expense1905 750(1 122 000)783 750(98 900)Profit before tax684 850Income tax(191 758)Profit after tax493 092Additional information:1. Cost of sales is expected to be 60% of sales.2. Operating expenses will increase by 4%.3. Interest expense will increase to R120 000.4. The tax rate will remain at 28%3.2 Use the information from question 3.1 (not your solution) and calculate the following for the year ending 31December 2020:3.2.1 Gross margin3.22 Net profit margin3.2.3 Operating margin3.2.4 Interest coverage

3.2 Use the information from question 3.1 (not your solution) and calculate the following for the year ending 31 December 2020: 3.2.1 Gross margin 3.2.2 Net profit margin 3.2.3 Operating margin 3.2.4 Interest coverage

3.2 Use the information from question 3.1 (not your solution) and calculate the following for the year ending 31 December 2020: 3.2.1 Gross margin 3.2.2 Net profit margin 3.2.3 Operating margin 3.2.4 Interest coverage

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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Answer question 1 and 2
i did ask for a certain question to be resolved question 2b
Question 25 Case studies are usually descriptive in nature. O True O False
Joint processing costs up to the split-off point total $75,000 per quarter. The company allocates these costs to the joint products on the basis of their relative sales value at the split-off point. Unit selling prices and total output at the split-off point are as follows: Product Selling Price 5 per pound Quarterly Output 10,000 pounds A $ B $ 7 per pound 22,000 pounds C $ 11 per gallon 5,000 gallons Each product can be processed further after the split-off point. Additional processing requires no special facilities. The additional processing costs (per quarter) and unit selling prices after further processing are given below: Additional Product Processing Costs Selling Price A $ 53,000 $ 8 per pound B $ 38,000 $ 13 per pound с $ 18,000 $ 20 per gallon Which products should be processed further?
Can you answer part E of this qu
what are the solutions for questions 4 & 5?
Could you please answer question 4 and 5?
explain the fill answer
WP Corporation produces products X, Y, and Z from a single raw material input in a joint production process. Budgeted data for the next month is as follows: A) B) Product X yes yes no no Units produced Per unit sales value at split-off Added processing costs per unit Per unit sales value if processed further The cost of the joint raw material input is $90,000. Which of the products should be processed beyond the split-off point? Product Y yes no yes yes Product X 2,700 $ 25.00 $ 2.00 $31.00 Product Z no yes no yes Product Y 3,200 $ 28.00 $ 4.00 $31.00 Product Z 4,200 $ 27.00 $4.00 $36.00
What's the final question's answer?
why did you not answer b?