Carlos's Bike Company produces two lines of cycles, Trikes and Bikes. At the end of last year, the income statement was as follows: Trikes $135,000 102,250 32,750 15,000 20,000 $(2,250) Sales revenue Variable expenses Contribution margin Direct expenses Allocated expenses Segment margin What was the company's total operating income? O $29,750 O $25,250 O $2,250 O $27,500 Bikes $250,000 162.500 87,500 35,000 25,000 $27,500

Carlos's Bike Company produces two lines of cycles, Trikes and Bikes. At the end of last year, the income statement was as follows: Trikes $135,000 102,250 32,750 15,000 20,000 $(2,250) Sales revenue Variable expenses Contribution margin Direct expenses Allocated expenses Segment margin What was the company's total operating income? O $29,750 O $25,250 O $2,250 O $27,500 Bikes $250,000 162.500 87,500 35,000 25,000 $27,500

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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Stay Handy company is a large company providing door to door delivery service forgroceries and other daily need items. In the most recent year, company had 60 millionmembers, through which provided it a revenue of $33,347 in the most recent year. Thedetails relating to Costs and expenses for the year were as follows:ParticularsCost of revenueSelling, general, and administrative expensesDepreciation and amortizationAmount (S in millions)§14 958S§7 9948,150Form the total cost of revenue 30% was fixed and the selling, general and administrativeexpenses are fixed to the extent of 70% to the number of members. How manymemberships does the company need to break-even? (All interim calculations and finalanswers should be rounded off to one decimal place)
The following are the respective costs and revenues incurred by USA company: costs for months 1, 2, 3: $80,000.00, $90,000.00, $100,000.00 Revenues for months 2, 3, 4: $70,000.00, $95,000.00 $105,000.00 The USA company wants to know from you if it has made any profit or not. What will be your answer and explain? Use interest= 12%
XYZ Company has the following information for the year: Sales revenue: $500,000 Cost of goods sold: $200,000 Operating expenses: $100,000 Other income: $10,000 Tax rate: 25% Calculate the company's operating income and net income for the year.
Tyler Company has the following information pertaining to its two product lines for last year: Variable selling and admin. expenses Direct fixed expenses Sales Direct fixed selling and admin. expenses Variable expenses Operating income Common expenses are $105,000 for the year. What is the income for Tyler Company? $102,500 $120,500 $99,000 $101,000 Product A $38,000 19,500 250,000 38,000 42,000 $112,500 " Product B $31,000 34,500 210,000 22,000 31,000 $91,500
The CVP income statement for Jen Company for 2022 appears below: Jen COMPANY CVP Income Statement For the Year Ended December 31, 2022 Sales (25,000 units) $650,000 Variable expenses 227,500 Contribution margin 422,500 Fixed expenses 456,300 Net income (loss) $(33,800) Instructions: Answer the following independent questions and show computations to support your answers: A) How much additional sales revenue does the company need to break even in 2022? B) If the company is able to reduce variable costs by $1.20 per unit in 2023 and other costs and unit revenues remain unchanged, how many units will the company have to sell in order to earn a net income of $68,000?
Oriole Corporation's Ambulance division reported net operating profits of $1516000 during the year. The division absorbed common fixed corporate expenses of $916000. The division's segment margin is O $2432000. O $600000. O $916000. O $(600000).
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What are total amount of operating expenses? Refer to the Income Statement shown. The data was taken from an Exercise in Chapter 1 of the text. LESSING TOY & HOBBY Northern Division For the Year Ending January 31 ($000) $12,040 Sales revenue Costs Cost of goods sold Advertising Administrative salaries Sales commissions Rent and occupancy expense Allocated corporate support Total costs Net loss before tax benefit. Tax benefit at 25% Net loss. 4,982 $ 6,020 490 810 1,624 2,058 1,330 $12,332 $ (292) (73) $ (219)
A company sells one product and its contribution margin ratio is 20%. The company provides the following data regarding their operation: Current sales revenue Expected sales revenue next year Expected increase in net operating income next year $2,760,000 $2,870,400 20% Assuming that there is no change in total fixed expenses, what is the net operating income for the current year? Answer: $(Click to select)
i Requlred Informatlon The following information applies to the questions displayed below] Westerville Company reported the following results from last year's operations: $ 2,300,000 Contribution margin Fixed expenses 1,170,000 Net operating income Average operating assets S1,437,500 At the beginning of this year, the company has a $287,500 investment opportunity with the following cost and revenue characteristics: Sales $ 460,000 50% of sales Contribution margin ratio Fixed expenses, $ 161,000 The company's minimum required rate of return is 15%. 8. If the company pursues the investment opportunity and otherwise performs the same as last year, what turnover will it earn this year? (Round your answer to 2 decimal places.) < Prev Next 15. here to search, 近。 F4 F5 F7 F8 F12 $ & V 4.