32. In April, you sold 1,000 units at a price of $4 per unit. COGS for April totaled $2,000, and costs totaled $1,600. In May, you expect to sell 1,100 units at the same price. This is a short-term change, and 1,100 units is in the relevant range. Compute expected profit for May. A. $440 B$600 C$800 D. $1,000 E. not enough information

32. In April, you sold 1,000 units at a price of $4 per unit. COGS for April totaled $2,000, and costs totaled $1,600. In May, you expect to sell 1,100 units at the same price. This is a short-term change, and 1,100 units is in the relevant range. Compute expected profit for May. A. $440 B$600 C$800 D. $1,000 E. not enough information

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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Brannon Company expects sales of 700 units for the first quarter, 750 units for the second quarter, 800 units for the third quarter, and 900 units for the fourth quarter. If the sales price is $25 per unit, what is the expected sales for the year? A. $22,500 B. $17,500 C. $20,000 D. $78,750
Sanchez, Incorporated, is considering a change in its cash-only sales policy. The new terms of sale would be net one month. The required return is 1.7 percent per month. Current Policy New Policy Price per unit $ 700 $ 700 Cost per unit $ 420 $ 420 Unit sales per month 1,120 1,220 Based on the above information, determine the NPV of the new policy.
Moon company has an average selling price of OMR 20 per unit and an average variable cost of OMR 13 per unit. Current month's operating income is OMR 150,000. During the next month, the sales is expected to decrease by 1,500 units. What is the expected operating income for the next month? Select one: O a OMR 132,500 O b. OMR 160,500 O C. OMR 139,500 O d. None of the answers given O e. OMR 136,000
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Mazon Inc. plans to sell 7,000 units each quarter next year. During the first two quarters each unit will sell for OMR12; during the last two quarters the sales price will increase OMR1.50 per unit. What is Mazon's estimated sales revenue for next year? Select one: a. OMR 397,000 b. OMR 357,000 c. OMR 378,000 d. OMR 336,000
Accounting Question
Crane reported the following results from the sale of 5000 units in May: sales $300000, variable costs $165000, fixed costs $65000, and net income $70000. Assume that Crane increases its selling price by 5% on June 1. How many units will have to be sold in June to maintain the same level of net income? O 4500. 4725. 4750. O 5000.
Consider the following information: Jan Feb Mar Sales (units) 4.9k 52.00k Production (units) 5.8k 52.30k 56.65k April sales are expected to be 71.50k units. The firm has 9.1k units on hand at the beginning of Jan and wishes to maintain 10% of the next month's unit sales in storage at the end of each month. Required: Calculate the expected unit sales for Mar. Note: The term "K" is used to represent thousands (x 1,000). kunits (ROUND YOUR ANSWER TO 2 DECIMAL PLACES. FOR EXAMPLE: 17.23)
A Company has the following sales 2,000 in January, 2,200 in February, 2,800 in April and 3,000 in May. Assuming the selling prices is P100/unit. Sales for each month are expected to be collected as follows: • Month of sales: 20% • A month after sales: 50% • 2 months after sales: 30% - How much is total receipts from sales? Feb Total 12, 500 P1,250,000 P250,000 Jan Мar Apr May Units Sold Sales in Pesos Collection from months sales current Collection months sales Collection from two months from previous P150,000 P84,000 sales Total Collections from Sales 40,000 P926,000
A Company has the following sales 2,000 in January, 2,200 in February, 2,800 in April and 3,000 in May. Assuming the selling prices is P100/unit. Sales for each month are expected to be collected as follows: • Month of sales: 20% A month after sales: 50% • 2 months after sales: 30% - How much is total receipts from sales? Units sold in March = Total units - (units sold in January+ units sold in feb + units sold in april + units sold in may) = 12500 (2000 + 2200 + 2800 +3000) =12500 units -9000 units = 2500 units Jan Feb Mar May 3,000 300,000 P1,250,000 60,000 ТОTAL Units Sold Sales in Pesos Collection from current months sales Apr 2,800 280,000 56,000 2,200 2,000 200.000 2,500 250,000 50,000 12, 500 220.000 40,000 44,000 P250,000 Collection from previous months sales 100,000 110,000 125,000 140,000 P475,000 Collection from two months 60,000 66,000 75,000 P201,000 sales Total Collections from Sales 40,000 144,000 220,000 247,000 275,000 P926,000 PRACTICE EXERCISE 1: Fill the table…
Oriole reported the following results from the sale of 5000 units in May: sales $300000, variable costs $240000, fixed costs $50000, and net income $10000. Assume that Oriole increases its selling price by 5% on June 1. How many units will have to be sold in June to maintain the same level of net income?