An organization sells a single product for P40 per unit that it purchases for P20. The salespeople receive a salary plus a commission of 5% of sales. Last year the organization's net income (after taxes) was P100,800. The organization is subject to an income tax rate of 30 %. The fixed costs of the organization are Advertising Rent P124,000 60,000 180,000 Salaries Other fixed costs 32,000 Total P396,000 5. The breakeven point in unit sales for the organization is a 8,800 units b. 18,000 units c. 19,800 units d. 22,000 units 6. The organization is considering changing the compensation plan for sales personnel. If the organization is considering changing the compensation plan for sales personnel. If the organization increases the commission to 10% of revenues and reduces salaries by P80,000, what revenues must the organization have to earn the same net income as last year? a. P1,042,000 b. P1,350,000 c. P1,150,000 d. P1,630,000

An organization sells a single product for P40 per unit that it purchases for P20. The salespeople receive a salary plus a commission of 5% of sales. Last year the organization's net income (after taxes) was P100,800. The organization is subject to an income tax rate of 30 %. The fixed costs of the organization are Advertising Rent P124,000 60,000 180,000 Salaries Other fixed costs 32,000 Total P396,000 5. The breakeven point in unit sales for the organization is a 8,800 units b. 18,000 units c. 19,800 units d. 22,000 units 6. The organization is considering changing the compensation plan for sales personnel. If the organization is considering changing the compensation plan for sales personnel. If the organization increases the commission to 10% of revenues and reduces salaries by P80,000, what revenues must the organization have to earn the same net income as last year? a. P1,042,000 b. P1,350,000 c. P1,150,000 d. P1,630,000

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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