Flintstone Manufacturing has a target of eaming $85,000 pre-tax income. The contribution margin ratio is 25%. What amount of dollar sales must be achieved to reach the goal if fixed costs are $40,000?
Q: Jessup Company expects to incur overhead costs of $20,000 per month and direct production costs of…
A: Step 1:First calculate the overhead cost per unit: Overhead cost per unit = Total overhead cost /…
Q: Help
A: The question pertains to quality cost involved in TQM. TQM is an integrative management philosophy…
Q: Please answer the general accounting question
A: Step 1: Define Actual Direct Materials CostThe actual direct materials cost is the total cost…
Q: How much did owners equity change by the end of the year?
A: Explanation of Assets: These are economic resources owned by a company that have future economic…
Q: Please Not use ai solution given correct answer general Accounting
A: Step 1: Define Preferred StockPreferred Stock refers to the shares that have preference over common…
Q: General Accounting
A: Step 1: Identify the total annual lease payment and the property taxes included in the payment.Step…
Q: Explain the concept of interim financial accounting reporting
A: Step 1:The presentation of financial information to the stakeholders of the business before the end…
Q: Give me Answer
A: (a) Minimize inventory carrying costsThis is a JIT inventory system's main objective. By arranging…
Q: Financial accounting question
A: Step 1: Define Cash CollectionsCash collected from customers represents the total amount of cash…
Q: Accurate Answer
A: To calculate goodwill in an acquisition, use the formula: Goodwill = Purchase Price - (Fair Value of…
Q: What is the price earnings ratio on these financial accounting question?
A: Step 1: Define Price-Earnings (P/E) RatioThe P/E ratio is a valuation metric that measures the…
Q: Please give answer the general accounting
A: Step 1: Define Accounts Receivable ForecastingAccounts receivable forecasting estimates the amount a…
Q: Break-even analysis calculates the point where? A) Total revenues equal fixed costs B) Total…
A: The correct answer is: C) Total revenues are equal to total costs.Explanation: Break-even analysis…
Q: Answer? ? General Accounting question
A: To calculate the total cash collected from customers during 2024, we use the following formula: Cash…
Q: What is the opereting cash now for this project? General accounting
A: Option A: $3,300 : IncorrectReason: This option is too low. It does not take the full EBDT (20,000)…
Q: Financial accounting problem
A: Explanation of High-Low Method: This is a cost analysis technique used to separate mixed costs into…
Q: General Accounting question
A: Step 1: Identify the formulaStep 2: Identify the given valuesStep 3: Substitute the given valuesStep…
Q: Accounting question solution
A: Step 1: Define Intangible Assets:Intangible assets are assets that lack physical substance.…
Q: Hello teacher please help me this question
A: Step 1: Identify the Projected Benefit Obligation (PBO) at December 31, 2010.The PBO at December 31,…
Q: None
A: Step 1: Calculation of earnings available to common stockholdersTotal Preferred Dividend = Number of…
Q: get correct answer general accounting
A: 1. Profit per Share: Profit per share is calculated as the after-tax profits divided by the number…
Q: General accounting
A: Step 1: Define Net Profit MarginNet profit also called the bottom line, is the difference between…
Q: Do fast given answer general Accounting question
A: Step 1: Define Financial RatiosIn managerial accounting, financial ratios are important ratios. In…
Q: PLEASE HELP ME WITH THIS ACCOUNTING PROBLEM
A: Situation 1: Personal Injury SuitsCalculation:Case 1: Unfavorable outcome likely for the $727,000…
Q: Solve this question general Accounting
A: Step 1: Define Income StatementIn accounting, the statement of financial performance or the income…
Q: Provide correct answer general Accounting question
A: Step 1: Define BondA bond is a financial instrument that offers fixed returns to investors. There…
Q: Quick answer of this accounting questions
A: Step 1: Definition of Cost of Goods SoldCost of Goods Sold (COGS) represents the total cost of…
Q: What was her capital gains yield??
A: Step 1: Identify the purchase price and selling price of the stockStep 2: Subtract the purchase…
Q: Cash study
A: A data breach involving sensitive financial information may significantly impact the financial…
Q: Collect on its sales ?
A: To determine how long it takes the firm to collect on its sales (the average collection period), we…
Q: At the end of the year, the company has Assets of $160,000 and Liabilities of $125,000. At the…
A: Explanation of Owners' Equity:Owners' Equity represents the residual interest of the owners in the…
Q: What is the book values of the equipment ?
A: Explanation of Book Value:The book value of an asset is its net value on the company's balance…
Q: Hello teacher please help me this question solution
A: To determine how much manufacturing overhead was assigned to each job, we follow these steps: Step…
Q: Compute the company's predetermined overhead rate.
A: Step 1: Calculation of total estimated variable manufacturing overheadTotal estimated variable…
Q: Can you please solve this financial accounting question?
A: Step 1: Define Shareholder BasisThe shareholder's basis in an S Corporation includes their initial…
Q: General Accounting
A: Step 1: Prepare the contribution margin income statement to compute the contribution margin and the…
Q: Need help this question
A: Step 1: Definition of Break-Even PointThe break-even point is the level of sales at which a…
Q: Please given correct answer general accounting
A: The price-earnings (P/E) ratio is calculated using the formula: P/E Ratio = Share Price / Earnings…
Q: General Accounting Question need answer this question
A: Step 1: Introduction to income statementIncome statement is referred to as the financial statement…
Q: The following financial information for the year
A: Explanation of Absorption Costing:Absorption costing is a method of inventory costing that includes…
Q: Describe the general duties of Zambian tax offices
A: The primary duty of the Zambian tax offices, under the Zambia Revenue Authority (ZRA), is to collect…
Q: [26] Quality costs exclude? (A) Marketing costs (B) Appraisal costs (C) Prevention costs (D) Failure…
A: Concept of Quality CostsQuality costs refer to the total cost associated with preventing, detecting,…
Q: Hello tutor please provide this question solution general accounting
A: To find the average inventory, we can use the inventory turnover ratio formula: Inventory Turnover…
Q: Given correct answer general Accounting question
A: Step 1: Calculate the earnings per share (EPS)First, we need to find the EPS. We know the dividend…
Q: Which of the following amount would be debited to the land account?
A: Step 1: Definition of Fixed AssetsFixed Assets are tangible assets purchased for long-term use in…
Q: Financial Accounting please answer
A: Explanation for a: The formula to calculate degree of operating leverage is as follows:Degree of…
Q: Provide correct answer general Accounting question
A: Step 1: Define Activity-Based CostingActivity-based costing (ABC) is significant in most big…
Q: What is the PI for this financial accounting question?
A: Step 1:The profitability index is calculated by dividing the Present Value of Future Cash Flows by…
Q: Hello, can u give correct answer
A: Definitions Related to the QuestionFinancial Statements:Financial statements are formal records of a…
Q: The ending inventory for the year would be valued at.
A: Explanation of Absorption Costing:Absorption costing is a costing method that allocates all…
Give true answer this financial accounting question
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 245,000Cadre, Inc., sells a single product with a selling price of $120 and variable costs per unit of $90. The companys monthly fixed expenses are $180,000. 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 October when they will sell 10,000 units. How many units will Cadre need to sell in order to realize a target profit of $300,000? What dollar sales will Cadre need to generate in order to realize a target profit of $300,000? Construct a contribution margin income statement for the month of August that reflects $2,400,000 in sales revenue for Cadre, Inc.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?
- Olivian Company wants to earn 420,000 in net (after-tax) income next year. Its product is priced at 275 per unit. Product costs include: Variable selling expense is 14 per unit; fixed selling and administrative expense totals 290,000. Olivian has a tax rate of 40 percent. Required: 1. Calculate the before-tax profit needed to achieve an after-tax target of 420,000. 2. Calculate the number of units that will yield operating income calculated in Requirement 1 above. (Round to the nearest unit.) 3. Prepare an income statement for Olivian Company for the coming year based on the number of units computed in Requirement 2. 4. What if Olivian had a 35 percent tax rate? Would the units sold to reach a 420,000 target net income be higher or lower than the units calculated in Requirement 3? Calculate the number of units needed at the new tax rate. (Round dollar amounts to the nearest dollar and unit amounts to the nearest unit.)If a company has fixed costs of $6.000 per month and their product that sells for $200 has a contribution margin ratio of 30%, how many units must they sell in order to break even? A. 100 B. 180 C. 200 D. 2,000Company A wants to earn $5,000 profit in the month of January. If their fixed costs are $10,000 and their product has a per-unit contribution margin of $250, how many units must they sell to reach their target income? A.20 B. 40 C. 60 D. 120
- 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.Raven Company has a target of $70,100 pre-tax income. The contribution margin ratio is 32%. What amount of dollar sales must be achieved to reach the goal if fixed costs are $36,200?Please give me answer general accounting
- MinMin Corporation gathered the following information: Income tax rate 40% Contribution-margin ratio 30% If fixed costs are $600,000, what level of sales dollars is needed to produce an after-tax net income of $150,000? (Round to the nearest $, and enter a number only).1) A company has a target income of $128,000. The contribution margin ratio is 30%. What dollar amount of sales must be achieved to reach the goal if fixed costs are $64,000? Targeted dollar sales ($64,000+ $128,000)/0.30 = $640,000 -Rothe Company manufactures and sells a single product that it sells for $90 per unit and has a contribution margin ratio of 35%. The company's fixed expenses are $46,800. If Rothe desires a monthly target net operating income equal to 15% of sales, the number of sales in units will have to be (rounded)?
