Falcon Tech Co. manufactures and sells portable chargers. The company has annual fixed costs of $12,000,000. Each charger sells for $20 and incurs $11 in variable manufacturing costs. If the company’s total sales revenue last year was $45,000,000, how many chargers must Falcon Tech sell to achieve EBIT = 0?
Q: Please help me with general accounting question answer please fast answer and explanation
A: Step 1: Define Bank ReconciliationA bank reconciliation is the process of comparing the cash balance…
Q: Net income can be expected to increase?? General accounting
A: Step 1: Definition of Degree of Operating Leverage (DOL)DOL measures how a percentage change in…
Q: What is the project unit sales for the next month?
A: Given:Current Sales = 18,000 unitsGrowth Rate = 7% = 0.07Projected Sales=Current Sales×(1+Growth…
Q: Vanessa Enterprises reported pretax book income of $620,800. Included in the computation were…
A: Taxable IncomeTaxable income is calculated as:Pretax Book Income + Unfavorable Differences −…
Q: Accurate Answer
A: Provided Data:Common Stock issued = 5,000 shares at $400 eachInitial bank loan = $240,000Net income…
Q: Last year, the House of Pink had sales of $736,750, net operating income of $61,000, and operating…
A: To calculate the turnover (also known as asset turnover), we use the formula: Turnover = Sales /…
Q: I need help
A: Step 1: Definition of Allowance for Sales ReturnsThe Allowance for Sales Returns is a contra-revenue…
Q: General accounting
A: To calculate the Cost of Goods Sold (COGS), we use the following formula:COGS = Beginning Inventory…
Q: A company must place an order for a product that will
A: Profit Calculation for Holiday Product Order 1. Problem OverviewA company must decide how many units…
Q: Crescent Corp. sells merchandise to Primex Ltd. for $9,800 with credit terms of 2/10, net 30. Primex…
A: Step 1: Definitions Concept of Sales Discounts:Sales Discounts are reductions in the invoice price…
Q: What is the ending retained earnings balance?
A: Step 1: Ending Retained Earnings = Beginning Retained Earnings + Net income - Dividend Paid…
Q: General accounting question
A: Step 1: Definition of Degree of Operating Leverage (DOL)The Degree of Operating Leverage (DOL)…
Q: ??!!
A: The cash conversion cycle (CCC) measures the time it takes for a company to convert its investments…
Q: Question: A company sells goods on credit. On one sale, they sold it for $20,000 and offered a 2/10,…
A: Explanation of Credit Sales: Credit sales occur when a company provides goods or services to…
Q: I need help with this problem and general accounting
A: The formula to determine capital improvements is:Capital Improvements = Adjusted Basis - (Original…
Q: Hii teacher please provide answer of this general accounting question do fast
A: Step 1: Define Key TermsDirect Labor Rate per Hour: This is the rate at which the business pays its…
Q: What is the variable overhead rate variance for the month?
A: Explanation of Variable Overhead: Variable overhead refers to indirect production costs that…
Q: Hello tutor please given General accounting question answer do fast and properly explain all answer
A: Step 1: Define Budgeted Cost of Goods SoldThe budgeted cost of goods sold (COGS) is the estimated…
Q: What is the company Roe?
A: Step 1: To get the ROE, we will be using the expanded formula which is called the Du Pont Equation.…
Q: Balance sheet ? Financial accounting
A: Step 1: Definition of Lower-of-Cost-or-Market (LCM)The Lower-of-Cost-or-Market (LCM) method is a…
Q: I need the correct answer to this general accounting problem using the standard accounting approach.
A: Step 1: Definition of Deductible Hobby ExpensesHobby expenses are costs that are related to the…
Q: Hello tutor please given General accounting question answer do fast and properly explain all answer
A: Step 1: Define Materials Price Variance and Materials Quantity VarianceMaterials Price Variance: It…
Q: I want to this question answer for General accounting question not need ai solution
A: Step 1: Define Inventory Valuation Under LCMInventory valuation under the Lower of Cost or Market…
Q: Question 6
A: (a1) Depreciation Expense per Mile for Bus #3 (Units-of-Activity Method)Formula:Depreciation Expense…
Q: Mangesh Analytics, Inc. sells earnings forecasts for European securities. Its credit terms are 2/15,…
A: Credit TermsThe credit terms 2/15, net 40 mean:A 2% discount is offered if payment is made within 15…
Q: ??!!
A: Explanation of Days Sales Outstanding (DSO): Days Sales Outstanding, commonly abbreviated as DSO, is…
Q: The company's total assets are
A: Concept of Assets:Assets are resources owned by a company that provide future economic benefits.…
Q: Pertanis to March
A: Concept of Work in Process (WIP) Inventory:Work in Process Inventory refers to the units that are in…
Q: ??
A: We have given, Total unit purchased = 7,000Total unit sold (demand) = 4,500Cost per unit =…
Q: Please explain the solution to this general accounting problem using the correct accounting…
A: Step 1: Definition of Expense AllocationExpense allocation involves distributing the costs of shared…
Q: General Account
A: Step 1: Definition of Profit CalculationProfit is the difference between revenue and costs. In this…
Q: What is the company's return on investment ??
A: The Return on Investment (ROI) is calculated using the formula:ROI = (Net Income / Total Assets) ×…
Q: What will be the balance in account receivable ?
A: Explanation of Credit Sales:Credit sales refer to sales made to customers who do not pay immediately…
Q: Question: Power Security Systems had sales of 3,000 units at $50 per unit last year. The marketing…
A: Given InformationLast year's sales: 3,000 units at $50 per unit.Projected unit volume increase: 20%…
Q: Hello tutor need assistance but not chat
A: Step-by-Step Explanation:Crescent Manufacturing applies manufacturing overhead based on direct labor…
Q: Solve this
A: Provided Data:Face Value of Bond = $1,000,000Unamortized Premium = $10,000Unamortized Issuance Cost…
Q: Last year, you purchased a stock at a price of $48.00 per share. Over the course of the year, you…
A: Step 1: Compute the Nominal Rate of ReturnThe nominal rate of return is calculated using:Nominal…
Q: Please given correct answer for Financial accounting question I need step by step explanation
A: Step 1: Define Product Cost and Period CostProduct Cost: Product costs are costs that are directly…
Q: Daud Company has an overhead application rate of 172% and allocates overhead based on direct…
A: Provided Data:Overhead application rate = 172%Overhead is applied based on Direct Material…
Q: Lucid Echo Studios has forecasted sales of $24,000,000 for next year and expects its cost of goods…
A: CCC = DIO + DSO - DPO 1.Cost of Goods Sold (COGS):COGS = Sales × COGS PercentageCOGS = $24,000,000 ×…
Q: Help
A: Explanation of Accrual Accounting:Accrual accounting is a method where revenues are recorded when…
Q: Financial Accounting Question need help
A: Step 1: Define Installment Sales MethodThe installment sales method is an accounting approach used…
Q: Calculate the return on equity of this accounting question
A: Step 1: Define Return on Equity (ROE) using DuPont IdentityThe Return on Equity (ROE) using the…
Q: Jafferson industries reported pretex accounting income
A: Step 1: Definition of Net IncomeNet income is the profit of a company after accounting for all…
Q: Cash flow from operating activities accounting using the indirect mathod
A: Step 1: Definition of Cash Flow from Operating Activities (Indirect Method)Cash flow from operating…
Q: Hello tutor solve this question and accounting question
A: Step 1: Definition of Credit SalesCredit sales refer to revenue from sales made on account (not…
Q: The cost of ending inventory?
A: Step 1: Introduction to inventory valuationInventory valuation is referred to as that method which…
Q: Provide correct solution and accounting
A: Step 1: Definition of ROI (Return on Investment)ROI (Return on Investment) is a performance measure…
Q: Accounting?
A: The plantwide predetermined overhead rate is calculated using the formula: Predetermined Overhead…
Q: Bobby Corp. had the following transactions during 2019: -Sales of $8820 on account. -Collected $3920…
A: To calculate Bobby Corp.'s 2019 net income using accrual accounting, we follow the Revenue -…
Falcon Tech Co. manufactures and sells portable chargers. The company has annual fixed costs of $12,000,000. Each charger sells for $20 and incurs $11 in variable
Step by step
Solved in 2 steps
- 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 245,000Delta Co. sells a product for $150 per unit. The variable cost per unit is $90 and fixed costs are $15,250. Delta Co.s tax rate is 36% and the company wants to earn $44,000 after taxes. What would be Deltas desired pre-tax income? What would be break-even point in units to reach the income goal of $44,000 after taxes? What would be break-even point in sales dollars to reach the income goal of $44000 after taxes? Create a contribution margin income statement to show that the break-even point calculated in B, generates the desired after-tax income.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?
- Maple Enterprises sells a single product with a selling price of $75 and variable costs per unit of $30. The companys monthly fixed expenses are $22,500. What is the companys break-even point in units? What is the companys break-even point in dollars? Construct a contribution margin income statement for the month of September when they will sell 900 units. How many units will Maple need to sell in order to reach a target profit of $45,000? What dollar sales will Maple need in order to reach a target profit of $45,000? Construct a contribution margin income statement for Maple that reflects $150,000 in sales volume.Kerr Manufacturing sells a single product with a selling price of $600 with variable costs per unit of $360. The companys monthly fixed expenses are $72,000. What is the companys break-even point in units? What is the companys break-even point in dollars? Prepare a contribution margin income statement for the month of January when they will sell 500 units. How many units will Kerr need to sell in order to realize a target profit of $120,000? What dollar sales will Kerr need to generate in order to realize a target profit of $120,000? Construct a contribution margin income statement for the month of June that reflects $600,000 in sales revenue for Kerr Manufacturing.Gelbart Company manufactures gas grills. Fixed costs amount to 16,335,000 per year. Variable costs per gas grill are 225, and the average price per gas grill is 600. Required: 1. How many gas grills must Gelbart Company sell to break even? 2. If Gelbart Company sells 46,775 gas grills in a year, what is the operating income? 3. If Gelbart Companys variable costs increase to 240 per grill while the price and fixed costs remain unchanged, what is the new break-even point?
- Marlin Motors sells a single product with a selling price of $400 with variable costs per unit of $160. The companys monthly fixed expenses are $36,000. What is the companys break-even point in units? What is the companys break-even point in dollars? Prepare a contribution margin income statement for the month of November when they will sell 130 units. How many units will Marlin need to sell in order to realize a target profit of $48,000? What dollar sales will Marlin need to generate in order to realize a target profit of $48.000? Construct a contribution margin income statement for the month of February that reflects $200,000 in sales revenue for Marlin Motors.what are the variable expenses per unit?Larsen Enterprises is the exclusive distributor for an automotive product that sells for $42.75 per unit and has a CM ratio of 35%. The company's fixed expenses are $248,500 per year. The company plans to sell 9,200 units this year. What are the variable expenses per unit?
- Lindon Company is the exclusive distributor for an automotive product that sells for $50.00 per unit and has a CM ratio of 30%. The company’s fixed expenses are $345,000 per year. The company plans to sell 27,200 units this year. Required: What are the variable expenses per unit? Note: Round your "per unit" answer to 2 decimal places. What is the break-even point in unit sales and in dollar sales? What amount of unit sales and dollar sales is required to attain a target profit of $195,000 per year? Assume that by using a more efficient shipper, the company is able to reduce its variable expenses by $5.00 per unit. What is the company’s new break-even point in unit sales and in dollar sales? What dollar sales is required to attain a target profit of $195,000?Lindon Company is the exclusive distributor for an automotive product that sells for $48.00 per unit and has a CM ratio of 30%. The company's fixed expenses are $324,000 per year. The company plans to sell 26,500 units this year. Required: 1. What are the variable expenses per unit? (Round your "per unit" answer to 2 decimal places.) 2. What is the break-even point in unit sales and in dollar sales? 3. What amount of unit sales and dollar sales is required to attain a target profit of $180,000 per year? 4. Assume that by using a more efficient shipper, the company is able to reduce its variable expenses by $4.80 per unit. What is the company's new break-even point in unit sales and in dollar sales? What dollar sales is required to attain a target profit of $180,000? 1. Variable expense per unit 2. Break-even point in units 2. Break-even point in dollar sales 3. Unit sales needed to attain target profit 3. Dollar sales needed to attain target profit 4. New break-even point in unit sales…Lindon Company is the exclusive distributor for an automotive product that sells for $34.50 per unit and has a CM ratio of 30%. The company's fixed expenses are $211,140 per year. The company plans to sell 8,800 units this year. What are the variable expenses per unit?
