- Google Chrome uiz/review.php?attempt3D209035&cmid%3D184761 odle Scott Company's variable expenses are 90% of sales. The company's break-even point in sales is $2,400,000. If sales are $500,000 below the break-even point, the company would report a: Select one: O $40,000 loss. cannot be determined from the data given. $50,000 loss. "SSo) 000'00$ The break-even point in sales dollars for Alpha Company is $400,000 and the company's variable costs are a % of sales is 60%. If Alpha Company desires an income of $300,000, of sales would have to total: Select one: uon 000'002S 000'006$ $1,150,000 here to search 直。

- Google Chrome uiz/review.php?attempt3D209035&cmid%3D184761 odle Scott Company's variable expenses are 90% of sales. The company's break-even point in sales is $2,400,000. If sales are $500,000 below the break-even point, the company would report a: Select one: O $40,000 loss. cannot be determined from the data given. $50,000 loss. "SSo) 000'00$ The break-even point in sales dollars for Alpha Company is $400,000 and the company's variable costs are a % of sales is 60%. If Alpha Company desires an income of $300,000, of sales would have to total: Select one: uon 000'002S 000'006$ $1,150,000 here to search 直。

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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Help UOHPMB251 Corp. has a 20% margin of safety percentage based on its actual sales. The break-even point is $748,000 and the variable expenses are 40% of sales. (ID#36938) Q.) What's UOHPMB251's actual profit? A.) $ Next > < Prev 19 of 25
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Last month, Stagecoach Company had a $96,300 loss on sales of $350,000. Fixed costs are $201,300 a month. What sales revenue is needed for Stagecoach to break even? Multiple Choice ences О $446,300 О $551,300 C raw $647,600 10:2
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D ue to erratic sales of its sole product, a high capacity battery for laptop computers, Salcedo Company has been experiencing difficulty for some time. The company's income statement for the most recent month is given below: Sales (19,500 units @ P500) P9,750,000 Less variable expenses (7,995,000) Contribution margin 1,755,000 Less fixed expenses 1,800,000 Net loss P (45,000) The Marketing Department thinks that a fancy new package for the laptop computer battery would help sales. The new package would increase packaging costs by P7.50 per unit. Assuming no other changes, how many units would have to be sold each month to earn a profit of P262,500?
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Chapter: Cost Volume Profit (CVP) Analysis Q) Chaudhary Group Ltd manufactures premium high definition televisions. The firm’s fixed costs are $4,000,000 per year. The variable cost of each TV is $2,000, and the TVs are sold for $3,000 each. The company sold 5,000 TVs during the previous year. (In the following requirements, ignore income taxes) Required: Treat each of the requirements as independent situations:a) Calculate the break-even point in units. b) What will the new break-even point be if fixed costs increase by 10 per cent? c) What was the company’s net profit for the previous year? d) The sales manager believes that a reduction in the sales price to $2,500 will result in orders for 1,200 more TVs each year. What will the break-even point be if the price is changed?
The CVP income statement for Blossom Machine Company for 2021 appears below. BLOSSOMMACHINE COMPANY Income Statement For the Year Ended December 31, 2021 Sales (42,000 units) $1,050,000 Variable expenses Contribution margin Fixed expenses Net income (loss) (b) Answer the following independent questions. (c) What was the company's break-even sales dollars in 2021? 735,000 Your answer is correct. eTextbook and Media 315,000 360,000 ($45,000) Break-even point in sales dollars $ Additional units Your answer is correct. How many additional units would the company have had to sell in 2022 to earn a net income of $45,000? eTextbook and Medial Number of units sold 1,200,000 12,000 Attempts: 3 of 5 used If the company reduces variable costs by $2.50 per unit in 2022 while other costs and unit revenues remain unchanged, how many units will the company have to sell to earn a net income of $45,000? (Round per unit value to 2 decimal places, e.g. 52.75. Final answer to O decimal places, e.g.…
ble Cosled Tissue Te 48A of 11)-Google Chrome elearn.squ.edu.o g System (Academic) XYZ Company's single product has a selling price of $15 per unit. The fixed expenses were $160,000. This year the company reported a net operating income of $100,000. If sales are predicted to increase by 10% next year, how much would the increase in profits be in ($)? of Select one: tion O a. 10,000 O b. 26,000 Oc. 16,250 Od. No change in income Oe. 6,000
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