Brightline Manufacturing is looking to achieve a net income of 12 percent of sales. Here's the company's profile: Unit sales price is $15; variable cost per unit is $9; total fixed costs are $60,000. What is the level of sales in units required to achieve a net income of 12 percent of sales?
Q: Lakeside Apparel has $250,000 in total assets and a debt ratio of 40%. What is the company's total…
A: The debt ratio is calculated as:Debt ratio = Total Liabilities / Total AssetsGiven:Total Assets =…
Q: The labor quantity variance was?
A: Explanation of Labor Quantity Variance: Labor quantity variance measures the difference between the…
Q: provide answer Financial Accounting
A: Step 1: Define Net IncomeNet income represents the company's total earnings after deducting all…
Q: Please give me true answer this financial accounting question
A: Step 1: Definition of Payout RatioThe payout ratio is a financial metric that measures the…
Q: What was the increase in sales
A: Everything states that Gourmet Delight Bistro got a 10 percent return from sales compared to the…
Q: expert of account answer
A: Step 1: Definition of Return on Equity (ROE)Return on Equity (ROE) is a financial ratio that…
Q: Lavu's Cakes produces muffins, which sell for $6.20 each. During the current month, Lavu produced…
A: Explanation of Absorption Costing:Absorption costing is a method of accounting that includes all…
Q: The number of shipments received to compute activity based costs?
A: Explanation of Activity-Based Costing (ABC):Activity-Based Costing (ABC) is a cost allocation method…
Q: Answer? Financial accounting
A: Step 1: Given Value for Calculation Northern Electronics Beta = nb = 1.25Northern Electronics…
Q: Need help this question solution accounting
A: Step 1: Definition of Straight-Line DepreciationStraight-line depreciation is a method of allocating…
Q: i want to correct answer
A: Step 1: Definition of Acid-Test RatioThe acid-test ratio, also known as the quick ratio, is a…
Q: Financial Accounting problem
A: Concept of Profit MarginProfit margin is a financial metric that measures how much of a company's…
Q: Provide accurate answer
A: Explanation of Net Income: Net income represents the financial profit a company generates during a…
Q: provide correct answer
A: Step 1: The ending retained earnings formula.= retained earnings, beginning + net income - dividends…
Q: The Armstrong Machinery Company is preparing its manufacturing overhead budget for the fourth…
A: Explanation of Manufacturing Overhead Budget: A manufacturing overhead budget is a comprehensive…
Q: need true answer of this general accounting question
A: Step 1: Define Accrued Interest PayableAccrued interest payable refers to the interest expense that…
Q: Please solve the following requirements on these financial accounting question
A: Step 1: Define Debt-to-Equity (D/E) RatioThe Debt-to-Equity (D/E) Ratio is a financial metric that…
Q: get correct answer do fast
A: Step 1: Definition of Equivalent UnitsEquivalent units represent the number of fully completed units…
Q: Do fast answer of this accounting questions
A: Explanation: In the given case, we are required to calculate the return on equity of Woodland…
Q: What is the owners equity at the end of the year?
A: Step 1: Definition of Owner's EquityOwner's equity represents the residual interest in the assets of…
Q: Don't use ai solution general accounting question
A: Step 1: Define Gross ProfitGross Profit is the difference between net sales and cost of goods sold…
Q: financial account
A: Step 1: Definition of Cash BudgetA cash budget is a financial plan that estimates cash inflows…
Q: Nikka Tech Solutions reported sales revenue of $75,600 on its income statement. The accounts…
A: Concept of Sales RevenueSales revenue refers to the total income generated by a company from selling…
Q: Please Need General Accounting Question solution
A: The interest rate for 5 weeks = 4.2%Number of weeks in a year = 52 weeksNumber of 5-week periods in…
Q: I want to this question answer general accounting
A: Step 1: Given Value for Calculation Northern Electronics Beta = nb = 1.25Northern Electronics…
Q: hi expert please help me
A: To calculate the Cash Conversion Cycle (CCC), we use the formula:CCC = DIO + DSO −DPO where:Days…
Q: what is the direct labor rate variance?
A: Step 1: Definition of Direct Labor Rate VarianceThe Direct Labor Rate Variance measures the…
Q: GG Incorporated uses LIFO. GG disclosed that if FIFO had been used, inventory at the end of 2024…
A: we need to determine how the change from LIFO to FIFO affects GG Incorporated's financials,…
Q: 4 PTS
A: Step 1: Analyze the given information in the problem.The company debited Supplies (asset) for the…
Q: Need help with this question solution general accounting
A: Step 1: Introduction to stockholders' equityStockholders' equity refers to the residual value of the…
Q: Need correct answer general accounting question
A: Step 1: Analysis of information givenExpected dividend = $1.37Current share price = $45.80Future…
Q: can you please solve this
A: Step 1: Definition of Operating Cash Flow (OCF)Operating Cash Flow (OCF) measures the cash generated…
Q: i need correct answer general accounting questions
A: Step 1: Definition of Total Rate of ReturnThe total rate of return is the percentage gain or loss on…
Q: Subject: general accounting
A: Explanation of Asset Turnover Ratio: The asset turnover ratio is a financial efficiency metric that…
Q: i want to this question answer
A: Step 1: Definition of Variable Costing MethodThe Variable Costing Method is an accounting approach…
Q: What is the correct option? General accounting question
A: Step 1: Define High-Low MethodThe high-low method is a technique used to separate fixed and variable…
Q: Can you help me with accounting questions
A: Profit margin = (Net income / Net sales) x 100%2022 Profit margin = (2022 Net income / 2022 Net…
Q: need correct answer this general accounting
A: Step 1: Define Owner's Capital BalanceThe owner's capital balance represents the equity in a…
Q: The result Would be a higher pretex income of
A: Explanation of Absorption Costing:Absorption costing is a costing method in which both variable and…
Q: A local credit union negotiates the purchase of a one-year interest rate cap with a cap rate of 4.75…
A: Cap Payoff Calculation:⁃ Interest Rate Difference: (5.65% - 4.75% = 0.90%).⁃ Payoff: (0.90% \times…
Q: provide correct answer
A: Step 1: Introduction to income statementIncome statement is referred to as the financial statement…
Q: Need help with this question solution general accounting
A: Step 1: Definition of Straight-Line DepreciationThe straight-line depreciation method allocates an…
Q: General accounting
A: Step 1: Definition of Price-Earnings (P/E) RatioThe Price-Earnings (P/E) Ratio measures how much…
Q: Velocity Enterprises recorded the following sales data please answer the financial accounting…
A: Step 1: Definition of Percentage IncreasePercentage increase measures the rate of growth in a value…
Q: financial accounting
A: Step 1: Definition of Predetermined Overhead RateA plantwide overhead rate (or predetermined…
Q: hello tutor please help me
A: Given:Earnings per Share (EPS) = 0.69Book Value per Share = 49 Return on Common Equity (ROCE) =…
Q: Hii ticher please given correct answer general accounting
A: Step 1: Define Effective Annual Yield (EAY)The Effective Annual Yield (EAY) represents the actual…
Q: The Canon of _____________ means that as the income of an individual increases then more tax…
A: The question is asking us to identify the canon of taxation that implies that as an individual's…
Q: Financial accounting
A: Absorption costing is a method where all manufacturing costs—both variable and fixed—are included in…
Q: General accounting
A: Step 1: Definition of Gross Profit MarginGross Profit Margin measures the percentage of revenue that…
want to this question general accounting
Step by step
Solved in 2 steps
- Faldo Company produces a single product. The projected income statement for the coming year, based on sales of 200,000 units, is as follows: Required: 1. Compute the unit contribution margin and the units that must be sold to break even. Suppose that 30,000 units are sold above the break-even point. What is the profit? 2. Compute the contribution margin ratio and the break-even point in dollars. Suppose that revenues are 200,000 greater than expected. What would the total profit be? 3. Compute the margin of safety in sales revenue. 4. Compute the operating leverage. Compute the new profit level if sales are 20 percent higher than expected. 5. How many units must be sold to earn a profit equal to 10 percent of sales? 6. Assume the income tax rate is 40 percent. How many units must be sold to earn an after-tax profit of 180,000?Schylar Pharmaceuticals, Inc., plans to sell 130,000 units of antibiotic at an average price of 22 each in the coming year. Total variable costs equal 1,086,800. Total fixed costs equal 8,000,000. (Round all ratios to four significant digits, and round all dollar amounts to the nearest dollar.) Required: 1. What is the contribution margin per unit? What is the contribution margin ratio? 2. Calculate the sales revenue needed to break even. 3. Calculate the sales revenue needed to achieve a target profit of 245,000. 4. What if the average price per unit increased to 23.50? Recalculate: a. Contribution margin per unit b. Contribution margin ratio (rounded to four decimal places) c. Sales revenue needed to break even d. Sales revenue needed to achieve a target profit of 245,000Klamath Company produces a single product. The projected income statement for the coming year is as follows: Required: 1. Compute the unit contribution margin and the units that must be sold to break even. 2. Suppose 10,000 units are sold above break-even. What is the operating income? 3. Compute the contribution margin ratio. Use the contribution margin ratio to compute the break-even point in sales revenue. (Note: Round the contribution margin ratio to four decimal places, and round the sales revenue to the nearest dollar.) Suppose that revenues are 200,000 more than expected for the coming year. What would the total operating income be?
- Peak performance Inc. Has the following data for its product: please answer the accounting questionKreter, Inc. earned net income of $300,000 last year. This year it wants to earn net income of $450,000. The company's fixed costs are expected to be $300,000, and variable costs are expected to be 70% of sales. Determine the required sales to meet the target net income of $450,000 using the mathematical equation. Required sales $ Using a CVP income statement format, prove your answer. Fixed costsTarget net income / (Loss)SalesVariable costsContribution margin $ Contribution marginFixed costsTarget net income / (Loss)SalesVariable costs Contribution marginSalesVariable costsFixed costsTarget net income / (Loss) Fixed costsVariable costsSalesTarget net income / (Loss)Contribution margin SalesFixed costsContribution marginVariable costsTarget net income / (Loss) $Penny Corporation desires to earn target net income of $15,000. If the selling price per unit is $51, unit variable cost is $31, and total fixed costs are $685,000, the number of units that the company must sell to earn its target net income is
- A company has return on sales of 15% at sales of $400,000. Its fixed cost are $90,000; variable costs are $25 per unit. A. What are sales in units? Why? How? B. What is contribution margin per unit? Why? How? C. What is income? Why? How?A firm has the capacity to produce 599,374 units of a product each year. At present, it is operating at 21 percent of capacity. The firm's annual revenue is $1,054,613. Annual fixed costs are $346,003 and the variable costs are $.51 cents per unit. The following equations will be useful. Profit = Revenue - Costs Revenue = Price each * quantity Costs = Fixed Cost + Variable Costs Variable Cost = Variable Cost per unit * number of units At the break even point, Profit = 0 What is the price for each unit?Jellico Inc.’s projected operating income (based on sales of 450,000 units) for the coming year is as follows:Required:1. Compute: (a) variable cost per unit, (b) contribution margin per unit, (c)contribution margin ratio, (d) break-even point in units, and (e) break-even point in sales dollars.2. How many units must be sold to earn operating income of $296,400?3. Compute the additional operating income that Jellico would earn if sales were $50,000 more than expected.4. For the projected level of sales, compute the margin of safety in units, and then in sales dollars.5. Compute the degree of operating leverage. (Note: Round answer to two decimal places.)6. Compute the new operating income if sales are 10% higher than expected.
- Please help me with this question general AccountingManagement believes it can sell a new product for $9.00. The fixed costs of production are estimated to be $7,000, and the variable costs are $3.40 a unit. Complete the following table at the given levels of output and the relationships between quantity and fixed costs, quantity and variable costs, and quantity and total costs. Round your answers to the nearest dollar. Enter zero if necessary. Use a minus sign to enter losses, if any. Quantity Total Revenue Variable Costs Fixed Costs Total Costs Profits (Losses) 0 $ $ $ $ $ 500 $ $ $ $ $ 1,000 $ $ $ $ $ 1,500 $ $ $ $ $ 2,000 $ $ $ $ $ 2,500 $ $ $ $ $ 3,000 $ $ $ $ $ Determine the break-even level using the above table and use the Exhibit 19.5 to confirm the break-even level of output. Round your answers for the break-even level to the nearest whole number. Round your answers for the fixed costs, variable costs, total costs,…A firm expects to sell 25,400 units of its product at $14 per unit. Income is predicted to be $60,400. If the variable costs per unit are $7, total fixed cost must be?
