Accounting: Blue Wave Water Park pricing structure is below. Base admission: $30 Additional features: • Wave pool access: Adds 40% to base • Water slides: Adds 35% to base • Lazy river: Adds 25% to base If 120 guests choose all features, calculate total revenue.
Q: I need answer of this question solution general accounting
A: Explanation: In the given case, we are required to calculate the amount of net income from the given…
Q: General Accounting Question please solve this one
A: Step 1: Define Manufacturing OverheadManufacturing overhead costs refer to the expenses which cannot…
Q: Supply costs coulthard solution this question
A: Step 1: Define Mixed CostsMixed costs are those costs that have characteristics of variable and…
Q: None
A: The question pertains to the determination of the Internal Growth Rate or the IGR. An internal…
Q: Sales $ 79,000 $ 74,000 Cost of goods sold 52,000 48,000 Gross margin 27,000 26,000 Selling…
A: 2. Debt-to-Equity RatioThis ratio compares a company's total debt to its equity. It's calculated by…
Q: Hello tutor answer these general accounting question only experts answer excepted
A: Step 1: Define Turnover RatioThe assets turnover ratio denotes the number of times the average…
Q: If you give me wrong answer I will give you unhelpful rate on these general accounting question
A: Step 1: Define Asset TurnoverAsset turnover measures the company's efficiency in using its assets to…
Q: Based on the following information when applying the lower of cost or market rule, the inventory…
A: Given Data:Selling price = $120Cost = $90Replacement cost = $110Normal gross profit ratio = 25%Step…
Q: Lynn Bishop placed $10,000 in a money market account that pays 5.5% interest compounded monthly. How…
A: In this problem, we are given the following values:Principal amount (P) = $10,000Annual interest…
Q: Whisper inc produces two solve question
A: Explanation: In the given case, we are required to calculate the amount of overhead to be assigned…
Q: Stan's discount floor covering made net sales answer this question accounting
A: Step 1: Define Gross Profit PercentageIn the context of accounting, the income statement for a given…
Q: Need help with this financial accounting question
A: Step 1: Calculate the interestPrincipal: $560,000Interest Rate: 5%Time: 60 days / 360 days (assuming…
Q: Aaron Heath is seeking part-time employment while he attends school. He is considering purchasing…
A: Problem AnalysisAaron is evaluating the net present value (NPV) of an investment,…
Q: Need answer
A: Step 1: Define Weighted-Average Accumulated ExpenditureWeighted average accumulated expenditure,…
Q: Long-lived assets that are held for sale Select one: a. continue to be depreciated. b. are…
A: Long-lived assets held for sale are those assets which a company intends to sell rather than use in…
Q: Financial accounting question
A: Explanation: In the given case, we are required to calculate the average collection period for the…
Q: I have already answered B and the answer was "No".
A: b.NOKey Points for Part b:Total Life Estate Value: $439,785 (Tom).Total Remainder Interest Value:…
Q: Hello tutor please given answer accounting question
A: Step 1: Define Direct materialDirect Materials are the basic components and resources that are…
Q: None
A: Explanation: In the given case, it is provided that the company issued note payable of face value…
Q: Hello teacher please give me answer accounting
A: Step 1: Define Return on EquityReturn on equity is one of the profitability ratios; it measures how…
Q: Provide correct calculation with explanation for these general accounting question
A: Step 1: Define Mixed CostsNot all costs can be straightly classified as fixed or variable. Some…
Q: Financial accounting problem, don't need inaccurate solution
A: Step 1:1. The material price variance is calculated as follows: Material price variance = (Actual…
Q: Get correct answer accounting
A: Step 1: Define Price-Earning RatioThe price-earning ratio is the ratio of the current market price…
Q: Please given correct answer accounting question
A: Step 1: Define Standard Cost-The word "standard cost" refers to a predetermined cost ascertained by…
Q: What did I do wrong here?
A: Correct taxable gift to Sobia: $7,800a. Michalis's taxable gift to Natalie:Michalis gave jewelry…
Q: I need answer
A: Explanation of Cash Sales: Cash sales represent transactions where payment is received immediately…
Q: If you give me wrong answer I will give you unhelpful rate on these general accounting question
A: Step 1: Define Standard CostStandard cost is defined as the amount that a company expects to…
Q: Hello tutor please provide answer accounting
A: Step 1: Define Contribution MarginThe contribution margin account is only presented in the income…
Q: Hello tutor please provide correct answer accounting question not use ai..
A: Step 1: Cost AllocationMost production companies today have different service departments providing…
Q: Midgley Corporation makes a product whose direct labor standards are 0.8 hours per unit and $28 per…
A: Step 1: Define Variance AnalysisIn cost accounting, variance analysis is used primarily for…
Q: Please provide answer
A: Step 1: Define Predetermined overhead rateThe overhead is expenses other than direct labor and…
Q: Need answer the general accounting question please solve this one
A: Amount Platteville should report for intangible assets on the 12/31/10 balance sheet = $140,000 +…
Q: Cream of tomato company Accounting question
A: Step 1: Define Return on AssetsThe return on assets is the ratio of the net income relative to the…
Q: posted in general account
A: Explanation: In the given case, we are required to calculate the value of ending inventory by…
Q: Please solve these general accounting question not use ai and chatgpt
A: Step 1: Define Cost AllocationIn the parlance of Accounting and Finance, the total cost can be…
Q: General Accounting
A: Original Cost and Salvage ValueThe original cost of the building is $29,850,000, and the salvage…
Q: What is the coupon rate on these financial accounting question?
A: Step 1:Computation of the present value factors: Rate (r): Market rate = 7.9% or 0.079Number of…
Q: Subject- Cost Account. please help me in short answer
A: Hello student! Under Variable Costing method, the cost of a product includes those manufacturing…
Q: general accounting problem, solve it
A: Explanation of Market Value: Market value represents the current price at which an asset would sell…
Q: Subject. general account
A: Step-by-step Process:Compare cost and market value for each category (small, medium, and…
Q: Find the break even point accounting questions
A: Step 1: Find the contribution margin.= selling price per unit - variable cost per unit= $8 - $3= $5…
Q: posting in general account
A: Maxwell owns 18% of the corporation which he received a dividend amounting to $60,000. Since Maxwell…
Q: Jones retail had following balance solve this question
A: Explanation: In the given case, we are required to calculate the amount of ending inventory by…
Q: please help solve this problem, thank you!
A: The net change in cash flow is equal to the sum of cash flow from operating, investing and financing…
Q: 5. Jobs completed during December and the actual output were:Job No. Quantity Items3005-5 48,000…
A: Brief Calculations:1. Total Costs in Process:This includes:Direct Materials, Purchased Parts, and…
Q: The unadjusted trial balance as of December 31, 2024, for the Bags Consulting Company appears below.…
A: Step 1: Calculate the depreciation on the Building as follows:Depreciation = (Cost of…
Q: Kelvin and Emma are shop assistants solve this question
A: Compute Kevin's gross earnings first.Gross earnings = Wage for the week + CommissionGross earnings =…
Q: ces Kirtland Corporation uses a periodic inventory system. At the end of the annual accounting…
A: Step 1:a. The cost of goods available for sale is calculated as follows: Units (A)Unit Cost…
Q: Serebin Company applied FIFO to its inventory and got the following results for its ending…
A: Detailed explanation: Lower of Cost or Market (LCM) The Lower of Cost or Market (LCM) concept is an…
Q: John Fleming, chief administrator for Valley View Hospital, is concerned about the costs for tests…
A: Question 1a. Materials Price VarianceThis variance measures the difference between the actual price…
Revenue?
Step by step
Solved in 2 steps
- Download the attached Excel file (First Q Profits Report W Goal Seek_Ver2.xlsx). Instructions: . There are 3 Worksheet Tabs in this Excel file; First Q, First Q Goal Seek, and Minivan Loan. • The First Q (First Quarter) tab shows the first quarter revenue and expenses of the Downtown Internet Cafe. For this tab, • Complete the Proportion column, cells G7 through G11 Each proportion value shows the % of the quarterly sale of that item over the entire sale. Calculate the Net Income row, cells B24 through F24. o Compute the Profit Margin row, Cells B25 through E25. o Add Net Income Sparkline for January through March in Cell H24. in For this tab1The College is planning a concert. Maximum capacity for the concert venue is 3,000. tickets will be sold for $25 per ticket. The college estimates that costs of producing the concert to be 2,500 plus the cost of the band. Alternative A a fee of $8,000 and $5 per tickets; or Alternative B - $8.00 per ticket sold Question 1. If you expect to see 3,000 tickets, which alternative produces the highest profit?
- Complete ALL requirements <>Required information Skip to question [The following information applies to the questions displayed below.] Kristin Helmud is the general manager of Highland Inn, a local mid-priced hotel with 100 rooms. Her job objectives include providing resourceful and friendly service to the hotel’s guests, maintaining an 80% occupancy rate, improving the average rate received per room to $101 from the current $96, achieving a savings of 5% on all hotel costs, and reducing energy use by 10% by carefully managing the use of heating and air conditioning in unused rooms and by carefully managing the onsite laundry facility, among other means. The hotel’s owner, a partnership of seven people who own several hotels in the region, wants to structure Kristin’s future compensation to objectively reward her for achieving these goals. In the past, she has been paid an annual salary of $85,000 with no incentive pay. The incentive plan the partners developed has each of the goals weighted as follows:…Get Drenched Swim Park sells individual and family tickets. With a ticket, each person receives a meal, three beverages, and unlimited use of the swimming pools. Get Drenched Swim Park has the following ticket prices and variable costs for 2020: Tickets Individual Family Sales price per ticket $50 $110 Variable cost per ticekt $30 $90 Get Drenched Swim Park expects to sell 1 individual ticket for every 4 family tickets. Get Drenched Swim Park has total fixed cost of $80,000.Using the information presented for Get Drenched Swim Park complete the following:1. Compute the weighted-average contribution margin per ticket.
- Kindly use Excel when answering a and b and don't forget the NOTE stated.OPTION 1: Crestview Country Club a. Fixed rental cost of $1,000 b. $11 per person for food OPTION 2: Tallgrass Country Club a. Fixed rental cost of $3,000 b. A caterer who charges $8.00 per person for food Southwestern College has budgeted $1,800 for administrative and marketing expenses. It plans to hire a band, which will cost another $2,000. Tickets are expected to be $35 per person. Local business supporters will donate any other items required for the event. A) Which option provides the least amount of risk? A) Option one B) Option two C) Both options provide the same amount of risk. D) Neither option has risks. E) Without probability assignments, it is not possible to determine the riskier option. 2B) What is the break-even point in units for each option? A) 96 units and 114 units, respectively B) 120 units and 187 units, respectively C) 56 units and 137 units, respectively D) 200 units and 252 units, respectively E) 156 units and 219 units, respectively C) What is the operating…(Click the icon to view the information.) ad the requirements. A. ان االستدالل inolindindindinancin ALAVALA equire earest or 110 Ca Requirements 1. Select a graph depicting fixed costs, variable costs, and total costs for each training session versus the number of guests. 2. Suppose 110 persons attend the next event. What is Culture Training's total net cost and the cost per attendee? 3. Suppose instead that 185 persons attend. What is Culture Training's total net cost and the cost per attendee. 4. How should Culture Training charge customers for their services? Explain briefly. Print Done - X P sts st p
- Wyoming Waters Swim Park sells individual and family tickets. With a ticket, each person receives a meal, three beverages, and unlimited use of the swimming pools. Wyoming Waters has the following ticket prices and variable costs for the year: Individual Family Sale price per ticket $35 $105 Variable cost per ticket 25 100 Wyoming Waters expects to sell one individual ticket for every three family tickets. Wyoming Waters' total fixed costs are $25,000. Requirement 2. Calculate the total number of tickets Wyoming Waters must sell to break even. Start by selecting the formula and entering the amounts to calculate the total number of tickets Wyoming Waters must sell to break even. (Abbreviations used: Weighted avg. CM = weighted-average contribution margin. Complete all input fields. For items with a zero value, enter "0".) (Fixed costs + Target profit) ÷ Weighted-avg. CM per unit = Required sales in units ( + ) ÷ =…Take-a-Break Travel Company offers spring break travel packages to college students. Two of its packages, a 7-day, 6-night trip to Cancun and a 5-day, 4-night trip to Jamaica, have the following characteristics: Package Specifications Oceanfront room; number of nights Meals: Breakfasts Lunches Dinners Scuba diving trips Water skiing trips Airfare (round trip from Miami) Transportation to and from airport Required 1 Required 2 Profit margin Profit margin (%) Required 1 $200 (Cancun), $405 (Jamaica) $29 (Cancun), $44 (Jamaica) The Cancun trip sells for $1,800, and the Jamaica trip sells for $1,560, and both packages allow two bags to be checked for free. Cancun Profit margin Profit margin (%) Required 2 Complete this question by entering your answers in the tabs below. % Cancun Required: 1. What are the current profit margins on both trips? 2. Take-a-Break's management believes that it must drop the price of each trip by $103 in order to remain competitive in the market. Recalculate…Instruction: Please answer the following questions. Submit your answers (word file or PDF). Minimum of words are 300 words. Questions. Describe the positives and negatives for this development project. FIGURE 2.1 Project Evaluation and Selection Form EVALUATION CRITERIA Investment (5) Return on Investment Time to Market Increase in Market Share PROJECT EVALUATION AND SELECTION PROJECT A $700,000 9.1% 10 months. 2% Risk Chance of Success Comments Project A: Major competitor already has similar product and may reduce price. Project B New technology may not work as expected. Project C Product features may not be accepted in some international markets Low High PROJECT B $2,100,000 18.3% 16 months 5% High Medium PROJECT C $1,200,000 11.5% 12 months 3% Medium High Susay at day a