Best Windows is a small company that installs windows. Its cost structure is as follows:Selling price from each window installation $Variable cost of each window installationAnnual fixed costsTax rate450$ 250$ 175,00040%Calculate the number of windows Best Windows must install and the revenues needed to earn a target net income of$72,000.***Finally, calculate the revenues needed to earn a target net income or $72,000.Select the formula labels, then enter the amounts and calculate the revenues needed.Revenue requiredto achieve tarnet

Desired Revenue -Desired Net Income is a costing method where using this technique one can calculate…

Answered: Best Windows is a small company that…

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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FlashCo. Manufactures 1 GB flash drives (jump drives). Price and cost data for a relevant range extending to 200,000 units per month are as follows: (Click the icon to view the data.) Requirements Ignore requirements 2, 3, 9 & 10 Requirement 1. What is the company's contribution margin per unit? The contribution margin per unit is $3. What is the company's contribution margin ratio? The contribution margin ratio is 15%. What is the company's total contribution margin? The total contribution margin is $. Requirement 4. What is the breakeven point in units? The company's breakeven point is units. What is the breakeven point in sales dollars? The breakeven point in dollars is $ Requirement 5. How many units would the company have to sell to earn a target monthly profit of $260,100? In order to earn a monthly profit of $260,100, the company must sell units. C Requirement 7. Return to the original data for this question and the rest of the questions. What is the company's current operating…
Bramble Corp. manufactures and sells solar chargers for $60 each. Variable costs are $30 per unit, and fixed costs total $120000. How hany solar chargers must Bramble sell to earn a net income of $300000? O 10000. O 14000. O 18000. O 16000.
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Elliott Trophies makes three types of awards for organizations to give employees or team members. The following are its prices and costs: Price per Unit Variable Cost per Unit Units Sold per Year Sport $ 24 $ 16 36,000 Employee 80 60 9,000 Celebrity 656 516 3,000 Fixed costs of $432,000 per year include building and equipment costs, marketing costs, and the costs of administration. Elliott Trophies is subject to a 21 percent tax rate on income. Required: Given this information, how much will Elliott Trophies earn each year after taxes? Assuming the given sales mix is the same at the break-even point, at what sales revenue does Elliott Trophies break even? Assuming the given sales mix, at what sales revenue will the company earn $276,500 per year after taxes? Elliott Trophies is concerned about the future of the Celebrity trophy market, given recent cost-cutting by companies and is considering becoming more specialized in the Sport and Employee market. If Elliott…
Example: Your company wants to earn $7,000 in after-tax profit selling Frog caps outside the stadium this season. Fixed costs are $6,000 and CMU = $2 per cap. The income tax rate is 30%. 2. How many units do you need to sell to reach the pre-tax profit?
Topnotch company uses a Freemium model and has 200,000 users, a 5% conversion rate, and a 10% churn rate. The average cost to serve a Paying User is $100/year and the Annual Revenue/ Paying User is $500/year. The Cost to Support a Free user is negligible. Calculate Retention Rate, Lifetime of a Paying User, ARPPU, ARPU, Number of Paying Users, CLV of a paying User, and Annual Contribution for Topnotch. IMPORTANT: Please include managerial perspectives when answering the question (elaborate what the answer means for the company/firm moving forward).
Use CVP and compute the rooms sales necessary to achieve a net income of 156000 for a single product motel with total fixed cost of $180,000 and average room rate of $50 and a variable cost per room of $20 the motels income tax rate is 35%
Gotcha Covered manufactures and sells leather cases for cell phones. Each case sells for $80. Variable manufacturing costs are $30 per case. We pay a sales commission of 10% of the selling price to our salespeople. Fixed manufacturing costs are $200,000 and fixed operating costs are $35,000. Calculate the following amounts: a. b. C. ii. iii. iv. V. Target quantity if we want to generate Operating Income = $100,000 Neatly draw a CVP Chart. Be sure to label everything relevant. We currently produce and sell 10,000 cases. i. What is our expected Operating Income? How much is our Margin of Safety in units and dollars? Prepare an Income Statement (through Oper Inc) using the GM format. Prepare an Income Statement (through Oper Inc) using the CM format. Our plant manager suggested we purchase a new machine which will lower our labor costs. This change will increase Fixed Costs by $30,000 and reduce Variable Cost per Unit by $5. Calculate the new Breakeven Quantity and new expected Operating…
Use cvp model to compute the rooms sales necessary to achieve a net income of $156,000 for a single product motel with total fixed cost of $180,000, an average room rat of $50. and a variable cost per room of $20. The motels income tax rate is 35%. prove accuracy

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