Boise Corporation had a margin of safety of $383,000 last month, with sales revenue of $1,130,000 and fixed costs of $336,150. How much would sales have to increase for Boise to earn profit of $627,300?
Q: Provide this question solution general accounting
A: Step 1: Define Return On AssetsReturn on assets is the return or income generated from the assets of…
Q: Oriole Corporation Comparative Balance Sheets December 31 2027 2026 Cash $15,300 $11,300 Accounts…
A:
Q: Exercise 16-52 (Algo) (Appendix used in requirement [c]) Comprehensive Cost Variance Analysis (LO…
A: Step 1: Identify the VariancesReview the Variance Analysis: Examine the cost variance analysis for…
Q: Provide this question solution general accounting
A: Step 1: Define Degree of Operating LeverageDegree of operating leverage is a financial multiple that…
Q: Given answer Accounting question
A: Step 1: Define Product CostsThe computation of total product costs is an essential aspect of cost…
Q: Can you please solve these general accounting problem?
A: Step 1:ROA = Profit Margin * Asset Turnover16% = Profit Margin * 2.5Step 2:To find the profit…
Q: follow all this
A: Approach to solving the question: Step 1: We get the exclusion ratio.Exclusion ratio = Investment in…
Q: General Accounting Question 25 marks
A: 1. Material Price Variance (MPV):Formula:MPV=(Standard Price−Actual Price)×Actual QuantityStandard…
Q: General Accounting Question give true answer
A: Step 1: Define Stock RepurchaseA stock repurchase is a company's action to buy back its own shares…
Q: Answer this accounting theory
A: Detailed explanation:Definitions Related to the Question1. Full Disclosure PrincipleThe full…
Q: I need answer of this question solution general accounting
A: Step 1: Define Total asset turnoverIt represents the value of the sales concerning the company's…
Q: Accounting
A: Step 1: Define Variable CostingThe variable costing method is used to prepare an income statement by…
Q: The general ledger of...accounting questions
A: Step 1: Define TrademarkAn intangible asset business entity possesses that include any symbol, word…
Q: I need questions answers accounting
A: Step 1: Define Cash ReceiptsIn the cash budget the first step is to compute the net cash. The net…
Q: General Finance Question Solution
A: Step 1: Identify the key values• Loan amount = $300,000• Nominal interest rate = 10%• Compensating…
Q: Assume is Elaine is in the 37% marginal income tax bracket and the 20% bracket for long-term capital…
A: #1. Like-Kind Exchange (Section 1031)Recognize Gain? Generally, exchanges of like-kind business or…
Q: How will Horton record this transaction?
A: Explanation of Straight-Line Depreciation:Straight-line depreciation is a method used to allocate…
Q: Aaker corporation. ..accounting question
A: Step 1: Define Costing MethodIn managerial accounting, the income statement can be presented through…
Q: Hello tutor answer these general accounting question
A: Step 1: Define Conversion CostsConversion costs are total cost exclusive of raw material costs. That…
Q: Want answer
A: Explanation of Net Cost of Purchases: Net cost of purchases represents the final total cost of goods…
Q: Microsoft Excel is a widely used tool and a must-have skill for accountants. For this week’s…
A: Microsoft Excel is a powerful tool that can greatly benefit the accounting department in any…
Q: Please see the Question
A: Explanation of Integrated Reporting:Integrated reporting (IR) is a modern approach to corporate…
Q: None
A: Explanation of Accounting Cycle: The accounting cycle is a complete sequence of accounting…
Q: Please provide answer the accounting question do fast
A: Approach to solving the question: Analysis Detailed explanation: Breakdown: Direct Labor:Standard…
Q: On September 30, Valerian Co. had a $105,000 balance in Accounts Receivable. Please provide answer…
A: Step 1: Define Accounts ReceivableAccounts receivable denote the amount which a firm will receive in…
Q: Answer the following Question
A: Explanation of Job Materials Sheet: A job materials sheet is a document used to track and record all…
Q: Dawes Designs buys T-shirts for clubs, teams, and other organizations. Dawes takes the shirts and…
A: Requirements a and b:Computation of estimated units purchased and the total cost of purchases for…
Q: Hello tutor provide answer this accounting question not use ai
A: Step 1:Standard rate is the rate which a company assumed to be incur on production.Standard cost…
Q: Financial Accounting
A: Step 1: Define Accounting EquationThe accounting equation is made using the assets, liabilities, and…
Q: Provide this question solution general accounting
A: Step 1: Define ExpensesExpenses are temporary accounts presented as part of the pre-closing trial…
Q: Well explained answer structure
A: Key Definitions Related to the Question:Substance Over Form: The accounting principle stating that…
Q: Need answer the accounting question please give correct answer
A: Step 1: Define Absorption CostingAbsorption costing is one of the costing methods under cost…
Q: Solution please
A: Explanation of Rental Revenue: Rental revenue represents the total income generated from leasing…
Q: Accounting question
A: Step 1: Retained EarningsRetained earnings represent the accumulated net income of the company. The…
Q: Please give me answer Accounting question
A: Step 1: Define Retained EarningsThe retained earnings account that a corporation shows undistributed…
Q: General Accounting Question please need answer
A: Step by step solution1. Calculate the value of tax shields:- Annual interest payment = $70,000 × 9%…
Q: Lattimer Company had the following results of operations for the past year: please solve these…
A: Step 1: Define Special Order DecisionIn a special order decision, the relevant costs to consider are…
Q: Answer
A: Detailed explanation:To determine total tips collected in March add cash tips, credit card tips, and…
Q: Financial accounting
A: Step 1: Define Traditional CostingTraditional costing is a manufacturing costing system in which…
Q: Provide Answer for the general accounting question
A: Missing boxes=(Beginning count + Purchased boxes - Used boxes) - Physical countSubstituting the…
Q: Determine the total job amount.
A: Explanation of Equipment Hours: Equipment hours represent the time duration for which specific…
Q: What distinguishes constructive obligations from legal obligations in accounting? a) They arise from…
A: Explanation of Constructive Obligations: Constructive obligations are commitments that arise from…
Q:
A: Step 1: Missing amounts calculations Part (a) and part (b) are parts of the same cases (1 to 3) Step…
Q: Question: A company entered into the following transactions: 1. Borrowed $5,100 from the bank by…
A: Step 1: To calculate the total assets amount, first analyze each transaction's effect on assets,…
Q: I am in trouble
A: Explanation of Design Services Cost: Design services cost refers to the fee charged for the time…
Q: Financial Accounting
A: Step 1: Define Return on AssetsReturn on assets is a profitability ratio that is computed by…
Q: Please solve this accounting question don't use ai
A: Initial Investment = $1,500Net Present Value (NPV) = $400Internal Rate of Return (IRR) = 9%Present…
Q: Calculate the prepaid rent amount
A: Explanation of Prepaid Rent:Prepaid rent is the portion of rent payment made in advance for future…
Q: Answer
A: Hello student! The Units of Measurement Assumption means that the financial statements of a company…
Q: Give Answer to this financial accounting Question
A: Explanation of Room Supplies: Room supplies refer to the items provided in guest rooms to enhance…
I need answer of this question solution general accounting
Step by step
Solved in 2 steps
- Boise Corp had a margin of safety of $375,000 last month, with sales revenue of $1,020,000 and fixed costs of $316,050. a. What are break-even sales? b. What is the contribution margin ratio? c. How much profit did Boise earn last month? d. How much would sales have to increase for Boise to earn profit of $726,670?Margin of Safety Quick Inc. has sales of $36,400,000, and the break-even point in sales dollars is $24,024,000. Determine the company's margin of safety as a percent of current sales. Enter your answer as a whole number. %The Rachel Company has sales of $820,000, and the break-even point in sales dollars is $672,400. Determine the company's margin of safety as a percent of current sales.
- Jonick Company has sales of $460,000, and the break-even point in sales dollars is $372,600. Determine the company's margin of safety as a percent of current sales.___ %If the company wants to earn a profit of $35,000 instead of breaking even, what is the amount of sales the company must achieve? Given information: Fixed Expenses Rent = $ 24,000 Salaries = $ 40,000 Depreciation = $ 13,000 Variable Expenses Cost of Goods Sold = 28% of sales Supplies = 17% of sales Sales Commissions = 10% of salesLake Sales had $2,200,000 in sales last month. The contribution margin ratio was 30% and operating profits were $180,000. What is Lake's margin of safety in sales dollars?$2,020,000.$480,000.$600,000.Cannot determine with the information given.
- A firm has a margin of safety percentage of 25.1% based on its actual sales. The break-even point is $300.2k and the variable expenses are 44.3% of sales. Given this information, calculate the firm’s actual profit.Dejounte Corp had a margin of safety of $108,503 last month, with sales revenue of $819,291 and fixed costs of $334,301. How much profit did Murray earn last month? Do not round the intermediate steps.Music Corporation recorded sales of $2,235,245 for the most recent year. The company's breakeven sales point (in dollars) is $1,650,000, and its margin of safety ratio (MOS%) at the current sales level is 26%. What sales (in dollars) would be needed to increase the company's MOS% to 38%? Multiple Choice $2,277,000. $2,661,290. $2,932,640. $3,024,050. $2,660,000.
- Frontier Corp. has a contribution margin of $1,458,000 and profit of $364,500. If sales increase 18%, by how much will profits increase?Dean Company has sales of $228,000, and the break-even point in sales dollars is $157,320. Determine the company's margin of safety percentage. Round answer to the nearest whole number.________________ %1.) refer to the original data. Compute the company's margin of safety in both dollar and percentage terms ? 2.) what is the company's cm ratio? If he company can sell more units thereby increasing sales by $84000 per month and there is no change in fixed expense, by how much would you expect monthly net operating income to increase?