Assuming all sales are made on credit, calculations utilize a 365-day year, and final numbers are rounded to the nearest thousand, prepare a projected balance sheet for Starborn based on the following industry ratios:
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- ok " t 0 inces Baird Corporation makes and sells state-of-the-art electronics products. One of its segments produces The Math Machine, an inexpensive calculator. The company's chief accountant recently prepared the following income statement showing annual revenues and expenses associated with the segment's operating activities. The relevant range for the production and sale of the calculators is between 32,000 and 66,000 units per year. Revenue (40,eee units $11.00) Unit-level variable costs Materials cost (40,000 $3.00) x Labor cost (40,000 × $2.00) Manufacturing overhead (40,000 x $0.50) Shipping and handling (40,000 × $0.32) Sales commissions (40,000 × $2.00) Contribution margin Fixed expenses Advertising costs Salary of production supervisor Allocated companywide facility-level expenses Net loss Complete this question by entering your answers in the tabs below. Req A Required a. A large discount store has approached the owner of Baird about buying 9,000 calculators. It would…KUNKKA CORP. produces and sells three products with the following data: PRODUCT A 10 PRODUCT B PRODUCT C 15 Selling price Unit variable cost 20 5 6 12 Company's monthly total fixed cost is P20,000. Sales mix in pesos is 40% for A, 30% for B and 30% for C. The company is fading a 40% tax rate.pany has 15M st x pm/qa/wait/40630247/ Find lero Find study resources Browse Q Study Resources ✓ Textbook Solutions ashboard Earn your first $20 for withdrawal $2.00 Question: Sculls and Shells Corporation (S&S Corp.) is about to launch a new rowing boat. Depending on the success of the new product, S&S Corp. will have a value next year of $100M, $85M, or $50M. These outcomes are equally likely, and this risk is diversifiable. Suppose the risk- free rate is 5% and that, in the event of a default, 25% of the value of S&S assets will be lost to bankruptcy costs. If S&S's only obligation is a zero-coupon bond due next year, with a $90M face value next year, what is the market value of the bond today? Download Attachments image.png Accept Skip Do you want to answer this question? 8m 56s + Expert Tutors 10:20 PM
- 27. At breakeven point i. ii. total revenue equals total cost total revenue > total cos total revenue < total cost business neither makes a profit nor loss a) i, ii b) i, iii i, iv d) ii, iii Use the information below to answer question 28-34 Jadon received an amount of GHe1000 from his grandpa as a birthday gift. He decides to invest the money at 10% for five years. 28. Based on simple interest, ascertain the interest receivable at the end of the investment period. a) GH 100 (6) GH 500 c) GH 610 d) GH#645 29. What is the amount receivable at the end of the five years? a) GH¢1,629 b) GHél,100 (c)) GH1,500 d) GH#1,200 30. What is the amount receivable if compounding is done annually? (a) GHe1,610 b) GHe1,620 c) GH¢1,630 d) GH¢1,640 31. Ascertain the future value if compounding is done semi-annually. a) GH¢1,635 b) GH#1,632 c) GH¢1,629 d) GH#1,626 a) GH¢1,635 32. Ascertain the future value if compounding is done quarterly. b) GH 1,639 c) GH 1,640 d) GH 1,645 a) GH#1,645 33. Ascertain the…18. C ompany ABC buys a new machine with a list price of $50,000 plus an 8% sales commission. Shipping costs are $800 FOB Destination. Installation costs are $1000. What cost does Company ABC record for the new machine?: * O a. $47,000 O b. $50,000 O c. $54,000 d. $55,000 e. $55,800 19. Acme Company ages its accounts receivables based on the following schedule: Number of Days Past Due Not Due 1-30 31-90 Over 90 Total accounts receivable 30,000 20,000 10,000 5,000 Estimated % uncollectible 3% 5% 15% 30% If Acme's trial balance shows Allowance for Doubtful Accounts with a credit balance of $400, what adjusting entry is necessary for the Allowance for Doubtful Accounts?: * Oa. $1,500 O b. $3,400 O c. $4,500 d. $4,900 e. $5,300 20. Which of the following is defined as sales minus cost of goods sold?: * a. Net income Ob. Operating income c. Retained earnings Od. Income from continuing operations Oe. Gross profit 21. Which tax is displayed on the Income statement?: * O a. Sales tax O b.…Question 5 (Marks: 30)Consider the info provided below as well as the financial statements and answer the questionsthat follow. Pearson & Litt is a manufacturing company in the Eastern Cape. Their factory manufactures glasswine bottles for the Blue Valley Beer Co. 2019 2020Sales price per unit R15 R19Variable cost per unit R6 R7Fixed cost (FC) per annum R650 000 R 855 500Fixed cost per unit R3 R4 Current assets R450 600 R560 700Current liabilities R510 000 R780 000Retained profit R21 809 R17 600Net Sales R2 900 320 R 3 100 100Cost of sales R390 000 R475 00018; 19; 20 2020© The Independent Institute of Education (Pty) Ltd 2020Page 11 of 12Q.5.1Q.5.1.1 Calculate the break‐even point for Pearson & Litt for 2019 and 2020. (7)Q.5.1.2 Compare the results of the 2019 and 2020 break‐even point and explainwhy there might be a difference.(3)Q.5.2 The current ratio reflects the relationship between the value of the current assetsand the extent of the current liabilities of a business.…
- 2 A family spends $46,000 a year for living expenses. If prices increase by 2 percent a year for the next three years, what amount will the family need for their living expenses after three years? (Exhibit 1-A, Exhibit 1-B, Exhibit 1-C, Exhibit 1-D) Checkes E6-5 (Algo) Calculating Contribution Margin and Contribution Margin Ratio; Identifying Break-Even Point, Target Profit [LO 6-1, 6-2] Sandy Bank, Incorporated, makes one model of wooden canoe. Partial information is given below. Required: 1. Complete the following table. 2. Suppose Sandy Bank sells its canoes for $600 each. Calculate the contribution margin per canoe and the contribution margin ratio. 3. This year Sandy Bank expects to sell 810 canoes for $600 each. Prepare a contribution margin income statement for the company. 4. Calculate Sandy Bank's break-even point in units and in sales dollars. Sandy Bank sells its canoes for $600 each. 5. Suppose Sandy Bank wants to earn $82,000 profit this year. Calculate the number of canoes that must be sold to achieve this target. Sandy Bank sells its canoes for $600 each. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Complete the following table. Note: Round your "Cost per…6:04 IMG_0743.jpg X You are the CFO of Carla Vista, Inc., a retailer of the exercise machine Slimbody6 and related accessories. Your firm is considering opening up a new store in Los Angeles. The store will have a life of 20 years. It will generate annual sales of 4,400 exercise machines, and the price of each machine is $2,500. The annual sales of accessories will be $600,000, and the operating expenses of running the store, including labor and rent, will amount too 50 percent of the revenues from the exercise machines. The initial investment in the store will equal $33,500,000 and will be fully depreciated on a straight-line basis over the 20-year life of the store. Your firm will need to invest $2,500,000 in additional working capital immediately, and recover it at the end of the investment. Your firm's marginal tax rate is 30 percent. The opportunity cost of opening up the store is 17.40 percent. What are the incremental free cash flows from this project at the beginning of the…
- Company XYZ produces and sells 4,000 units.at this level, the company is making a profit of $20,000. Assuming total fixed expenses of $1,000 and variable expenses per unit of $0.75, how much was the selling price per unit? O a. 3 O b. 8 O c. O d. 4 O e. 6 S PAGE NEXT PAGE 14:10 to search A O 40) ENG 15-04-2021 hp art sc delete home end 144 %23 24 & num + backspace 6. 8 lock 7 V 8 A U home 1 48 5 0 enter D G K pause ↑ shift 11 C M end alt ctrlezto.mheducation.com/ext/map/index.html?_con=con&extern -30 d 1 ok $ int a Print 0 eferences 2 Hoi Chong Transport, Limited, operates a fleet of delivery trucks in Singapore. The company has determined that if a truck is driven 159,000 kilometers during a year, the average operating cost is 12.7 cents per kilometer. If a truck is driven only 106,000 kilometers during a year, the average operating cost increases to 15.8 cents per kilometer. Required: 1. Using the high-low method, estimate the variable operating cost per kilometer and the annual fixed operating cost associated with the fleet of trucks. 2. Express the variable and fixed costs in the form Y = a +bX. 3. If a truck were driven 132,000 kilometers during a year, what total operating cost would you expect to be incurred? Mc Graw Hill (@ 12 2 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Variable cost Fixed cost Using the high-low method, estimate the variable operating cost per…0:1A O ANSWERED Sunday, Feb 14, 2021 BUSINESS • ACCOUNTING The cost of a chemical plant was 5 million dollars produces a product at a rate of 20 millions kilograms per year and the selling price is 0.2 $/kg. If the cost of raw material per kg is 0.1$, the cost of utilities per kg is 0.01$ and labor cost per kg is 0.02 $. Assume that the profit after selling each kg and before taxes is 0.04$. Calculate a- the break-even point as a fraction or as a percentage of the total production capacity. b- Calculate the net profit if the taxes were 50%of the gross profit . Expert Answer Stepl a) The Utility cost generally considered as fixed