Elite Boutique reports the following data: • • Sales: $450,000 • • Operating expenses: $95,000 Alterations: $1,500 Planned profit: $45,000 Planned reductions: $3,000 Calculate the initial markup percentage.
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- A company sells one product and its contribution margin ratio is 10%. The company provides the following data regarding their operation: Current sales revenue $3,540,000 $3,681,600 Expected sales revenue next year Expected increase in net operating income next year 12% Q. What is the net operating income for the current year? ANS. $give me answer general accountingA company's sales in Year 1 were $380,000 and in Year 2 were $417,500. Using Year 1 as the base year, the percent change for Year 2 compared to the base year is: Multiple Choice 10%. 91%. 11%. OneDrive Battery st Up to date maining
- General Accounting questionDetermine the IMU% which will be required to achieve a 5.2% profit with the following figures: • Markdowns 4.0% • Employee discounts • Expenses • Shortages • Cash discounts 0.9% 45.0% 1.2% 1.1% • Alteration costs 0.9% a.) Calculate the IMU% for this department b.) What is the Reduction% for this departmentLargo Company recorded for the past year sales of $414,400 and average operating assets of $259,000. What is the margin that Largo Company needed to earn in order to achieve an ROl of 28.8%? Multiple Cholce 18.00% 28.80% 1.60% 3.47%
- From the following information, compute percent change in operating income for the current year. Sales for the previous year $210,000 Contribution margin 181,000 Fixed costs 125,000 Operating income 36,000 Assume that sales for the current year increased by 17%. a.86% b.92% c.74% d.96%Data concerning Strite Corporation's single product appear below: Selling price per unit Variable expense per unit Fixed expense per month Assume the company's target profit is $8,000. The dollar sales to attain that target profit is closest to: (Round your intermediate calculations to 2 decimal places.) Multiple Choice $1,532,857 $429,200 $596,111 $ 150.00 $ 42.00 $ 421,200 $852,723i 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.
