20 min solve Eyplain the cireumatances that may cause ovenall companynetincome to be lowen if the unprofitable product line is eliminated.

Depending on the circumstances, income is defined variously, such as for taxation, financial…

Answered: Explain the circumatances that may…

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 7 You plan on starting a lawn mowing business by investing $700 of your own money and purchasing $500 of equipment. You plan to work 330 hours per month and charge your customers $18 per hour. Your anticipated costs include: Advertising Gas $33.00 per month $1.20 per hour Depreciation $25.00 per month Assistant's Wages $7.00 per hour Miscellaneous Expenses $950.00 per month Calculate your budgeted contribution margin per hour on the contribution margin income statement.
php#lockdown ag question Amount of Annual Investment $4,000 Rate $6,000 12% $13,500 Time $22,250 You have been depositing money into an account yearly based on the following amounts, rates and times What is the value of that investment account at the end of that period? NOTE: Enter amounts rounded to two decimals (e.g., 78.76 or 40.00). 14 years 15% 10% FV 10 years 20% 8 years SJK
Question 15 How many periods will it take for Php23,000 to accumulate to Php25,000 at 12% compounded annually? 2.82 periods 8.38 periods 0.74 periods. 1.43 periods 15
MSRP $5.39 $4.99 Volume Discount 35% 35% Unit Cost $1.49 $1.49 Promotional Allowance 15% 20% Advertising and Promotion $25 Million $20 Million Allocated Fixed Costs $68 M $12 M Projected Unit Sales 115M 10M A firm has an existing product with a combined advertising and promotion budget of $25.0 million and with projected sales of 115 million units. They are launching a new product with a budget of $20.0 million and estimated sales of 10 million units in the first year. The sales force expense of $10 million has been allocated equally between products; 90% of the plant overhead has been allocated to the existing product, and 10%, to the new product. Additional values for each product are shown in the table above. 1. Production anticipates it will need to increase capacity to 140 million units, adding $10.0 million to annual fixed costs. If the product allocation of the plant cost is also changed to 80%/20%, what is the impact on break-even units? Please use the chart…
Problem 6-13 Calculating EAR (LO3) Find the EAR in each of the following cases: (Use 365 days a year. Do not round intermediate calculations. Round the final answers to 2 decimal places.) Stated Rate (APR) 10.8% 19.8 15.8 12.8 Number of Times Compounded Quarterly Monthly Daily Infinite Effective Rate (EAR) 용
QUESTION 9 You plan on starting a lawn mowing business by investing $700 of your own money and purchase $500 of equipment. You plan to work 260 hours per month and charge your customers $22 per hour. Your anticipated costs include: Depreciation Advertising Gas Assistant's Wages Miscellaneous Expenses $25.00 per month $26.00 per month $1.20 per hour $8.00 per hour $20.00 per month Calculate your Variable cost per hour on the budgeted contribution margin income statement. 1
Starr Co. had sales revenue of $540,000 in 2017. Other items recorded during the year were: Cost of goods sold $330,000 Salaries and wages expense 120,000 Income tax expense 25,000 Increase in value of company reputation 15,000 Other operating expenses 10,000 Unrealized gain on value of patents 20,000 Prepare a single-step income statement for Starr for 2017. Starr has 100,000 shares of stock outstanding
DESCRIPTION Fridge B Fridge C Total PDMOH RATE Cost $2,100 $1,300 $3,400 BUDGETED Machine Hours 140 60 200 APPLED MOH Cost $2,600 $1,000 $3,600 ACTUAL Machine Hours 150 75 225
Question 9 The yearly demand for a screen is 120,000 pc. Average cost per piece is $100; holding cost rate is 20%; changeover (setup) time for the presses is 2 hours; and cost of downtime for changing over is $300/hr. Calculate: (a) the economic batch size , and (b) the total annual inventory cost. A None of these is correct (a) 1,897 pc, (b) $45,806.48 C (a) 2,683 pc, (b) $53,665.63 D (a) 34,641 pc, (b) $90,932.6
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Explain the circumatances that may income to be lowen if the unprofitabile produet line is eliminated. cause ovenall company net