Brayden Corporation has a contribution margin ratio of 45% and a breakeven point of $180,000 in sales. If the company reports a net income of $120,000 before taxes of 40%, what were the total sales for the year? a. $446,667 b. $520,000 c. $540,000 d. None of the above
Q: Need help with this general accounting question please answer do fast
A: Step 1: Define Common-Size PercentageThe common-size percentage is a financial analysis tool that…
Q: Annapolis Company completes job #601 which has a standard of 520 labor hours at a standard rate of…
A: The labor rate variance measures the difference between the actual labor rate and the standard labor…
Q: The company would report on its 2024 income statement
A: To determine the "Salary Expense" the company would report on its 2024 Income Statement, we can use…
Q: general accounting question
A: Net income, also known as "profit after tax," represents the amount of money a company keeps after…
Q: FIND @ General Account Solution
A: Problem Restatement:The Gasson Company uses the weighted-average method in process costing. The…
Q: Want your help with problem
A: Given:Cost of furniture = $12,700Accumulated depreciation = $10,150Cash = $2,200 Step 1: Book value…
Q: Please given correct answer general accounting
A: Step 1: Definition of Contribution MarginContribution margin is the amount remaining from sales…
Q: Find the correct answer general accounting
A: Step 1: Define Variance AnalysisThe variance for a resource like direct materials, direct labor, and…
Q: Please given answer
A: To determine Geisner Inc.'s debt-to-equity ratio, we follow these steps: Step 1: Calculate total…
Q: Financial accounting question
A: Step 1: Calculate Net Sales:• Net Sales = Sales − (Sales Returns and Allowances + Sales…
Q: General Accounting Question need answer
A: The accounting equation is: Assets = Liabilities + Owner's Equity Given:Liabilities increased by…
Q: Need answer the financial accounting question
A: Step 1: Define Interest ExpenseInterest Expense is the cost incurred by a borrower for using the…
Q: None
A: Step 1: Definition of Gross Margin PercentageGross margin percentage is a profitability ratio that…
Q: Please provide this question solution general accounting
A: The pure interest rate is the real risk-free rate, the theoretical rate of return of an investment…
Q: Need help with this general accounting question
A: Step 1: Define Fixed Asset PurchasesFixed Asset Purchases refer to the acquisition of tangible…
Q: Pasadena Candle Inc. budgeted production of 51,000 candles for the year. Each candle requires…
A: Step 1: Understand the InputsBudgeted production = 51,000 candles.Molding time per candle = 10…
Q: Expert need your help
A: Explanation of Cost of Goods Manufactured (COGM):Cost of Goods Manufactured refers to the total…
Q: i wont to this question answer general accounting question
A: Step 1: DefinitionDividend Payout Ratio: The dividend payout ratio is the percentage of net income…
Q: General accounting 5.7
A: Explanation of Cost of Goods Sold (COGS):Cost of Goods Sold (COGS) is the total cost of producing or…
Q: Total manufacturing overhead costs for February?
A: Explanation of Job-Order Costing:Job-order costing is a costing method used by companies that…
Q: What was callie's gross profit? General accounting
A: Step 1: Definition of Gross ProfitGross profit is the difference between net sales and the cost of…
Q: Provide correct answer general accounting
A: Step 1: Definition of Applied OverheadApplied overhead refers to manufacturing overhead costs…
Q: General Accounting
A: Step 1: Define Return on Assets (ROA)Return on Assets (ROA) is a financial ratio that measures a…
Q: A job order cost sheet includes a. the selling price of the job. b. a total when a job is completed…
A: A job order cost sheet tracks all the manufacturing costs associated with a specific job, including…
Q: Need all answer step by step to below accounting problem
A: Step 1: a)Calculate the variable cost ratio as follows:Variable cost ratio = (Total variable cost /…
Q: In a service concession arrangement, the operator recognizes? Correct option a) The infrastructure…
A: Step 1: Step 2: Step 3: Step 4:
Q: Calculate Thompson corporations current ratio?
A: Step 1: Definition of Current RatioThe current ratio measures a company's ability to pay its…
Q: Hello teacher please help me this question
A: Step 1: Define Variance AnalysisIn cost accounting, variance analysis is significant in making…
Q: Calculate it's gross margin ratio?
A: Step 1: Calculation of Gross ProfitGross Profit = Net Sales - Cost of Goods SoldGross Profit =…
Q: The blending department had the following data for the month of March: Units in BWIP Units completed…
A: To calculate the output in equivalent units and the unit manufacturing cost, we follow these steps:…
Q: Please need answer the financial accounting
A: Step 1: Fixed costs Fixed costs = Breakeven point x Contribution margin ratioFixed costs = $180,000…
Q: Blue Peak Industries began the year 2023 with.... Please answer the financial accounting question
A: Step 1: Define Retained EarningsRetained Earnings are the cumulative profits a company keeps after…
Q: What is the dollar return on your investment of this financial accounting question?
A: Step 1: Define Dollar Return on InvestmentThe dollar return on investment is the total amount of…
Q: Please need answer the general accounting question
A: Step 1: Define Straight-Line DepreciationStraight-line depreciation is a method of allocating the…
Q: Ino Pharmaceuticals is evaluating its Vioxx division, an investment center. The division has a…
A: Understand the Return on Investment (ROI) Formula:ROI = Controllable Margin / Average Operating…
Q: What is your capital gains yield on this investment for this financial accounting question?
A: Total Selling Price:Selling price per share: $48.90Number of shares sold: 950Total selling price:…
Q: General accounting
A: Step 1: Define Income SummaryAn income summary is a temporary account that is created by the company…
Q: End of the year physical inventory determined that $760,000 of goods were on hand. The following…
A: Step 1: Analysis:1. The goods in transit of $96,000 need to be added back to the closing inventory…
Q: Hi expert provide correct answer general accounting
A: Step 1:First, calculate the degree of combined leverage: Degree of combined leverage = Degree of…
Q: Compute the following ratios for this using. General accounting
A: Step 1: Define Du-Pont AnalysisDu-Pont analysis is used to understand the Return on Equity (ROE) of…
Q: Need help with this accounting questions
A: Step 1: Definition of Contribution MarginThe contribution margin per unit is the amount by which the…
Q: Provide correct answer general accounting question
A: Step 1: Formula Gross profit = Sales - Cost of goods sold Step 2: Substitution Gross profit = Sales…
Q: Require both answer. Account.
A: a. Determine the number of whole units to be accounted for and to be assigned costs for the…
Q: A company has a defined benefit pension plan for its employees. Discuss the accounting treatment for…
A: Definitions1. Defined Benefit Pension Plan: A defined benefit pension plan is a retirement plan in…
Q: Financial Accounting Question please answer
A: To find the interest rate that will quadruple an investment in 12 years, we can use the formula for…
Q: I want answer
A: Explanation of Beginning Inventory:Beginning inventory is the value of the goods a company has in…
Q: Get correct answer accounting questions
A: Let's identify the key information:Sales revenue = $180,000Contribution margin ratio = 0.40Operating…
Q: The Rolling Department of Kama Steel Company had 2,000 tons in beginning work in process inventory…
A: Explanation of Beginning Work in Process (WIP):Beginning WIP represents the partially completed…
Q: Correct answer
A: Explanation of Direct Materials:Direct materials are the raw materials that can be directly traced…
Q: What is the net income of this general accounting question?
A: Step 1: Define Net IncomeNet Income is the company's total profit after accounting for all revenues,…
What were the total sales for the year ?
Step by step
Solved in 2 steps
- Last year, Ezra Company reported sales of P640,000, a contribution margin of P160,000, and a net loss of P40,000. Based on this information, the break-even point was: P640,000 P480,000 P800,000 P960,000Assume that The fixed monthly expenses do not change?Sarratt Corporation's contribution margin ratio is 70% and its fixed monthly expenses are $38,000. Assume that the company's sales for May are expected to be $97,000. Required: Estimate the company's net operating income for May, assuming that the fixed monthly expenses do not change. Net operating income
- Please solve the Accounting questionThe 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) 735,000 (a) 315,000 360,000 ($45,000) Answer the following independent questions. What was the company's break-even sales dollars in 2021? Break-even point in sales dollars $Maack Corporation's contribution margin ratio is 18% and its fixed monthly expenses are $49,000. If the company's sales for a month are $309,000, what is the best estimate of the company's net operating income? Assume that the fixed monthly expenses do not change. a. $6,620 b. $204,380 c. $55,620 d. $260,000
- Required information [The following information applies to the questions displayed below.] Henna Co. produces and sells two products, T and O. It manufactures these products in separate factories and markets them through different channels. They have no shared costs. This year, the company sold 46,000 units of each product. Sales and costs for each product follow. Product 0 $ 800,400 160,080 640,320 512,320 128,000 44,800 Product T $ 800,400 640,320 Sales Variable costs Contribution margin 160,080 32,080 128,000 44,800 $ 83,200 Fixed costs Income before taxes Income taxes (35% rate) Net income $ 83, 200Creswell Corporation's fixed monthly expenses are $31,000 and it's contribution margin ratio is 65%...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.…
- For the most recent quarter, Baffle company had an after-tax profit of $62,720 from sales of 225,000 units. The company’s variable costs are 60% of the selling price and fixed costs are $121,900. If the company’s tax rate is 30%, what was the selling price per unit? (Round your answer to the nearest penny): a. $0.82b. $1.57c. $2.35d. $2.05e. $1.17f. $1.37g. $1.77h. None of the above.Your Corporation's fixed monthly expenses are $18,500 and its contribution margin ratio is 62%. Assuming that the fixed monthly expenses do not change, what is the best estimate of the company's net operating income in a month when sales are $62,000? a) $38,440 b) $19,940 c) $5,060 d)$23,560The CVP income statement for Blossom Machine Company for 2021 appears below. BLOSSOMMACHINE COMPANY Income Statement For the Year Ended December 31, 2021 $1,050,000 Sales (42,000 units) Variable expenses Contribution margin Fixed expenses Net income (loss) (a) 735,000 Answer the following independent questions. (b) 315,000 360,000 eTextbook and Media ($45,000) Your answer is correct. What was the company's break-even sales dollars in 2021? Break-even point in sales dollars $ Additional units 1,200,000 How many additional units would the company have had to sell in 2022 to earn a net income of $45,000? Attempts: 3 of 5 used