A product sells for $30 per unit and has a contribution margin ratio of 45%. Fixed expenses total $130,000 annually. How many units must be sold to yield a profit of $40,000?
Q: I want to correct answer general accounting
A: Step 1: Calculate the discount using the formulaStep 2: Substitute the values into the formulaStep…
Q: Need answer the financial accounting question please solve this problem
A: Step 1: Define Simple InterestIf the annual interest rate for an amount remains fixed for the…
Q: Kindly help me with accounting questions
A: The operating cycle represents the time it takes for a company to purchase inventory, sell the…
Q: Need help with this financial accounting question
A: Step 1: Define Holding Period ReturnHolding period return is a financial metric that calculates the…
Q: Sandals Company is preparing the annual financial statements dated December 31. Ending inventory…
A: Problem OverviewSandals Company is preparing its year-end financial statements and needs to apply…
Q: Do fast answer of this general accounting question
A: Step 1:1. The break-even volume for SHC is calculated as follows: Break-even volume = Fixed cost /…
Q: Financial Accounting
A: Present Value = Future Value/(1+Interest Rate)^No. of years Where,Future Value = $150,000Interest…
Q: Jimmy sold a piece of business equipment that had an adjusted basis to him of $50,000. In return for…
A: To calculate Jimmy's gain on the sale, we use the following formula: Amount Realized - Adjusted…
Q: Compute gross margin under absorption costing? General accounting
A: Step 1: Key InformationFrom the provided table:Selling Price per Unit: $60.Costs per Unit:Direct…
Q: What is an Accounting Firm's industry analysis and its importance? Consider the following in the…
A: An industry analysis is a comprehensive review of a market sector or industry. It provides…
Q: What is the amount of the annual net income for the firm ?
A: The question requires the determination of the net income. Net income is what a business or…
Q: Do fast answer of this general accounting question
A: Step 1: Definition of Asset Turnover RatioAsset Turnover Ratio: Measures the efficiency of a company…
Q: I want to correct answer general accounting question
A: Step 1: Definition of Accumulated Other Comprehensive Income (AOCI)Accumulated Other Comprehensive…
Q: Please solve this financial accounting question not use ai please don't
A: Step 1: Define DividendsThese are the returns provided to the shareholder from the profits of the…
Q: Financial Accounting
A: Step 1: Define Annual Rate Of ReturnAn annual rate of return is a comparable factor that an investor…
Q: None
A: Step 1: Define Mark-upMark-up is the cost added to the cost of the product or service by the seller…
Q: Crane and Loon Corporations, two unrelated C corporations, have the following transactions for 2015:…
A: Step 1: Determine the DRD PercentageFor domestic corporations, the DRD percentage depends on the…
Q: Kindly help me with accounting questions
A: To find the stock's current price using the P/E ratio, you can use the formula: Stock Price = P/E…
Q: Kindly help me with general accounting question
A: The Smith Company follows the cash basis of accounting, meaning it recognizes revenue only when cash…
Q: General Accounting
A: The gross margin is a measure of how much money a company retains from its sales after covering the…
Q: ROE?
A: To calculate the Return on Equity (ROE), we use the DuPont formula, which links ROE, Return on…
Q: Compute the total revenue that Tara would received from university & memorial.
A: Explanation of Cost of Goods Sold: Cost of goods sold (COGS) represents the direct cost of…
Q: Kindly help me with this accounting questions
A: Detailed explanation:Formula : Cash to Cash Cycle Time = Days in Inventory + Days in Accounts…
Q: Provide a detailed description of the importance of an accounting firm business and the essential…
A: Accounting firms play a crucial role in the economy by providing a wide range of financial services…
Q: Financial Accounting
A: Step 1: Determine the physical flow of units• Beginning Work in Process (BWIP)• Units started during…
Q: A manufacturing it's product solve this accounting questions
A: Step 1: Definition of Break-Even and Target Profit AnalysisTarget Profit Analysis: This determines…
Q: Need help this question general accounting
A: Step 1: Definition of Net EarningsNet earnings refer to the total amount an employee takes home…
Q: I won't to this question answer general Accounting
A: Step 1: Define Financial RatiosIn managerial accounting, financial ratios can provide a lot of…
Q: Accounting question
A: Key FormulaThe Gross Profit Percentage is calculated as: Gross Profit Percentage=Net…
Q: The following information is available for CC Sports Equipment Apparel for their inventory of soccer…
A: Key InformationBeginning Inventory: 25 units at $10 each.Purchases: 350 units at $10 each.Total…
Q: Financial Account
A: Given DataDepreciation (Book): $50,000 per yearDepreciation (Tax):Year 1: $62,000Year 2: $50,000Year…
Q: Solve this question general Accounting
A: Step 1:First calculate the product cost per unit under absorption costing: Product cost per unit =…
Q: help me account tutor
A: To determine the proper unit value for balance sheet reporting purposes using the LCNRV (Lower of…
Q: Best options provide please
A: Step 1: Start with Taxable IncomeThe taxable income reported for 20x3 is $1,000,000.Taxable…
Q: Need help with this accounting questions
A: Initial sale and terms.Blue Bird Company sells merchandise worth $5,800 on August 5.Terms: 2/10,…
Q: Please provide answer the financial accounting question
A: Step 1: Define Holding Period ReturnThe holding period return is a criterion used to determine the…
Q: Marin Company follows the practice of pricing its inventory at the lower- of-cost-or-market, on an…
A: To determine Marin Company's inventory using the lower-of-cost-or-market (LCM) method on an…
Q: The accounts receivable balance is?
A: Explanation of Accounts Receivable Balance:This represents the total amount of money owed to a…
Q: Marshall manufacturing applies solve this accounting questions
A: To calculate the variable overhead efficiency variance, we use the following formula: Variable…
Q: What is Mitsys forced manufacturing overhead budget variance?
A: Explanation of Budget Variance:This is the difference between the budgeted amount and the actual…
Q: I need this question answer general Accounting
A: Step 1: Define InventoryInventory is an asset that is frequently converted into sales. It leads to…
Q: Can you please solve this financial accounting question?
A: Step 1: Define Payday LoanA payday loan is a debt availed for a short span and is remitted along…
Q: During FY 2016, Bravo Manufacturing had total manufacturing costs are $520,000. Their cost of goods…
A: To calculate the beginning Work-in-Process (WIP) Inventory for FY 2016, we use the formula: Cost of…
Q: Provide correct option general accounting
A: Step 1: Define Net IncomeNet income refers to the accounting profit earned after deducting all the…
Q: None
A: To convert a percentage markup on the selling price (GPM) to a percentage markup on the cost, use…
Q: General accounting
A: Step 1: Define Under- or Over-Applied Manufacturing OverheadA company's under- or over-applied…
Q: It's A subject of financial account question
A: OPTION A: CORRECT: Reporting biases can occur: The experts can influence the estimated probability…
Q: General accounting
A: Step 1: Understand the Provided DataStock Price per Share: $65.20Price-to-Earnings (P/E) Ratio:…
Q: During its first year of operations, Nile.com reported an operating loss of $15 million for…
A: When a company incurs an operating loss, it cannot offset that loss against income for the current…
Q: A company estimates that overhead costs for the next year will be $7,940,000 for indirect labor and…
A: To calculate the plantwide overhead rate, we need to divide the total estimated overhead costs by…
Please solve this question general accounting
Step by step
Solved in 2 steps
- Schylar Pharmaceuticals, Inc., plans to sell 130,000 units of antibiotic at an average price of 22 each in the coming year. Total variable costs equal 1,086,800. Total fixed costs equal 8,000,000. (Round all ratios to four significant digits, and round all dollar amounts to the nearest dollar.) Required: 1. What is the contribution margin per unit? What is the contribution margin ratio? 2. Calculate the sales revenue needed to break even. 3. Calculate the sales revenue needed to achieve a target profit of 245,000. 4. What if the average price per unit increased to 23.50? Recalculate: a. Contribution margin per unit b. Contribution margin ratio (rounded to four decimal places) c. Sales revenue needed to break even d. Sales revenue needed to achieve a target profit of 245,000If a company has fixed costs of $6.000 per month and their product that sells for $200 has a contribution margin ratio of 30%, how many units must they sell in order to break even? A. 100 B. 180 C. 200 D. 2,000A company sells its product at P18 per unit. Variable costs are P12 per unit and fixed costs are 150,000 per annum. The company wants to realize a profit of P60,000 during the year. What should be the sales revenue?
- A product sells for $50 with variable costs of $36 per unit and annual fixed costs of $1,200,000. If the company wants to earn an operating income equal to 20% of sales, how many units must be sold (Assume all units produced are sold)?Product X sells for $50 with variable costs of $36 per unit and annual fixed costs of $1,200,000. If the company wants to earn an operating income equal to 20% of sales, how many units must be sold, assuming all units produced are sold?The costs and revenue projections for a new product are estimated. What is the estimated profit at a production rate of 20% above breakeven? Fixed cost = $456,000 per year Production cost per unit = $156 Revenue per unit = $342 The estimated profit is determined to be $ per year.
- Beckham Company has the following information available: Selling price per unit: Variable cost per unit: Fixed costs per year: £400,000 Expected sales per year: 20,000 units What is the expected operating income (i.e. profit) for a year? Select one: O A. £500,000 O B. O C. £700,000 £680,000 £100 £55 O D. £480,000If selling price per unit is $30, variable costs per unit are $20, total fixed costs are $10,000, the tax rate is 30%, and the company sells 5,000 units, calculate the net income.A company requires $1305600 in sales to meet its operating income target. Its contribution margin is 30%, and fixed costs are $230400. What is the target operating income?
- Darigold, Inc. sells Product M for P5 per unit. The fixed cost is P210,000 and the variable cost is 60% of the selling price. What would be the amount of sales if Darigold is to realize a profit of 10% of sales?Jamie Quinn, a sole proprietor, has the following projected figures for next year: Selling price per unit $150.00 Contribution margin per unit $45.00 Total fixed costs $630,000 What is the break-even point in dollars? a.$2,100,000 b.$426,000 c.$189,000 d.$900,000The following annual information is for Dexter Corporation: Product A Revenue per unit: $20.00 Variable cost per unit: $15.00 Total fixed costs: $100,000 How many units does the company have to sell to achieve an after tax income of $75,000 if the income tax rate is 25%?
