Cullumber Company had $172,300 of net income in 2024 when the unit selling price was $154, the unit variable costs were $93, andthe fixed costs were $571,900. Management expects per unit data and total fixed costs to remain the same in 2025. The president ofCullumber Company is under pressure from stockholders to increase net income by $48,800 in 2025.(a)x Your answer is incorrect.Compute the number of units sold in 2024.Sales in 20241220units

Lets understand the basics.Number of units sold = (Fixed expense + Net income)/Contribution margin…

Answered: Cullumber Company had $172,300 of net…

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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Question: Naylor Company had $153,600 of net income in 2013 when the selling price per unit was $163, the variable costs per unit were $103, and the fixed costs were $574,800. Management expects per unit data and total fixed costs to remain the same in 2014. The president of Naylor Company is under pressure from stockholders to increase net income by $63,600 in 2014. Compute the number of units sold in 2013. Compute the number of units that would have to be sold in 2014 to reach the stockholders' desired profit level. Assume that Naylor Company sells the same number of units in 2014 as it did in 2013. What would the selling price have to be in order to reach the stockholders' desired profit level?
Williams & Sons last year reported sales of $127 million, cost of goods sold (COGS) of $105 and an inventory turnover ratio of 5. The company is now adopting a new inventory system. If the new system is able to reduce the firm's inventory level and increase the firm's inventory turnover ratio to 7 while maintaining the same level of sales and COGS, how much cash will be freed up? Do not round intermediate calculations. Round your answer to the nearest dollar.
Baker Industries’ net income is $26000, its interest expense is $5000, and its tax rate is 45%. Its notes payable equals $25000, long-term debt equals $70000, and common equity equals $260000. The firm finances with only debt and common equity, so it has no preferred stock. The data has been collected in the Microsoft Excel Online file below. Open the spreadsheet and perform the required analysis to answer the questions below. Open spreadsheet What are the firm’s ROE and ROIC? Round your answers to two decimal places. Do not round intermediate calculations.
Everything is given in this picture. Please answer the math correctly. You need to Answer "DOL, DFL, DTL''
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