Given the following data, compute the Survival Revenues (SR) for a corporation which sells Black & White Printers. Sale Price (P) Per Printer: $50.00 Cost of Goods Sold (COGS) Per Printer: $36.00 Administrative Expenses: $50,000 per year Marketing Expenses: $11.500 per year
Q: Profitability Analysis Kolby Enterprises reports the following information on its income statement:…
A: Gorss profit are calculated by deducting cost of goods sold from the sales revenue. where as gross…
Q: Operating results for Division A of Alpha Company during 2019 are as follows: Sales $480,000 Cost…
A: Income statement is a financial statement that shows profitability, total revenue and total…
Q: The CVP income statement for Jen Company for 2022 appears below: Jen COMPANY CVP Income Statement…
A: Lets understand the basics.Break even point is a point at which no profit no loss condition arise.…
Q: A comparative income statement is given below for McKenzie Sales, Ltd., of Toronto: McKenzie Sales,…
A: The common size income statement is prepared as comparing all the elements of income statement with…
Q: Calculate the economic ordering quantity for Nashville Records Inc. , given the following…
A: Relevant information: Sales : 15,000 units Purchase price : $5 Carrying cost : 0.25 timed of…
Q: Rotelco is one of the largest digital wireless service providers in the United States. In a recent…
A: a. Compute Rotelco’s break-even number of accounts using the data as shown below:
Q: MBI Incorporated had sales of $35 million for fiscal 2022. The company's gross profit ratio for that…
A: Calculation: a. Percentage of gross profit is given which is 26%, therefore: Gross Profit = Sales…
Q: Suppose Grainy Day is considering discontinuing its tasty loops product line. Assume that during the…
A: Variable FixedCost of goods sold $ 38,40,000.00 $ 25,60,000.00 $ 64,00,000.00Operating…
Q: Using the data below for Ace Guitar Company: Region A Region B Sales $500,000…
A: The income statement is one of the essential parts of the financial statement used for reporting the…
Q: Profitability Analysis Erin Enterprises reports the following information on its year-end income…
A: Gross profit percentage is calculated by dividing gross profit by net sales. Gross profit is the…
Q: The following is data from the Coft Company which manufactures and sells helmets. Cost Cost…
A: High Low Method. In cost accounting, the high low method is used to calculate the variable cost and…
Q: old ministrative expenses: ses e expenses d administrative expenses come This Year 7,360,000.0 %…
A: Lets understand the basics. Common size percentage is a ratio which derive each items of the income…
Q: A comparative income statement is given below for McKenzie Sales, Limited, of Toronto: McKenzie…
A: The Statement of Comprehensive Income - The statement of comprehensive income is the profit earned…
Q: Dr. Zhivàgo Diagnostics Corp.'s income statement for 20X1 is as follows: Sales $…
A: The profit margin is a calculation of the profitability of a firm, which explains the percentage of…
Q: Revenue and expense data for the current calendar year for Tannenhill Company and for the…
A: Percentages are calculated by taking Sales as a base (100%) and dividing all the figures with the…
Q: GIGO Computers has two divisions that manufacture computing devices. Below are the results from last…
A: Segment Margin: Segment margin refers to the calculation of profit for each product line / segment…
Q: Revenue and expense data for Innovation Quarter Inc. for two recent years are as follows: Current…
A: The income statement is prepared to know the profits and losses earned by business during the…
Q: What are total amount of operating expenses? Refer to the Income Statement shown. The data was taken…
A: Operating expenses are costs related to a company's daily operations of the business. These costs…
Q: . What is the company’s margin (net income after taxes) as a percentage (this is return on sales)…
A: Profit Margin: It is the ratio of the profit made by the company divided by its sales. Asset…
Q: Flamengo Co is a sporting goods manufacturing. Last year, report the following Income Statement:…
A: Cost of goods sold exhibits direct cost incurred by company for producing goods and services.
Q: You are given the following information for Smashville, Inc. Cost of goods sold: $259,000…
A:
Q: You are given the following information for Smashville, Inc. Cost of goods sold: $175,000…
A: To calculate the price-book ratio, price-earnings ratio, and price-cash flow ratio, need to use the…
Q: Alex Enterprises reports the following information on its year-end income statement: Net sales…
A: Solution:- Calculation of Gross profit margin and Net profit margin as follows under:-
Q: CP Jenney Stores generates $13,765,230 in sales, $8,735,429 in net profit, and 25% in gross margin.…
A: Cost of goods sold is the actual cost of goods being sold by the business to it's customers. Gross…
Q: The Food division of Garcia Company reports the following for the current year. $ 4,060,000…
A: Profit Margin : the discrepancy between the real cost of purchasing or manufacturing something and…
Q: HD marketing channel team estimated Net sales and other expenses and created a profit-and-loss…
A: A profit and loss statement is one of the financial statements prepared by business organizations.…
Q: Franklin Company operates three segments. Income statements for the segments imply that…
A: An income statement helps in analyzing where to increase the revenue and decrease the cost to…
Q: dams Company operates three segments. Income statements for the segments imply that profitability…
A: Comparative Income Statements - It Is a Part Of The Books Of a Company And Is Also Shows The…
Q: Calculate gross profit, cost of goods sold, and selling price MBI Inc, had sales of $900 million for…
A: Gross profit is the difference between total sales and cost of goods sold by the business.The…
Q: Shown here is an income statement in the traditional format for a firm with a sales volume of 8,000…
A: "Contribution margin tells you the aggregate amount of revenue available after variable costs to…
Q: Flamengo Co is a sporting goods manufacturing. Last year, report the following Income Statement:…
A: Turnover refers to the total amount of sales build up by a business in a particular period of time.…
Q: Assume you are running a retail operation. You calculated weighted sales to be $225.00 per shopping…
A: CVP (cost-volume-profit) analysis is done to determine the break even level of the firm. Break even…
Q: The following annual information is for Dexter Corporation: Product A Revenue per unit: $20.00…
A: Formula: Unit contribution margin = Selling price - Variable cost per unit
Q: Develop a profit-and-loss statement for the Westgate division of North Industries. This division…
A:
Q: Prairie Corporation has sales of $7,000,000 in its first year of operation. During this first year…
A: Income Statement is that which shown the business performance. It is prepare in every company every…
Q: Provide the missing data in the following table for a distributor of martial arts products: Note:…
A: The ratio is the technique used by the prospective investor or an individual or strategist to read…
Step by step
Solved in 2 steps with 2 images
- Outdoor World, Inc., manufactures camping equipment. Shown for the current year are the income statement for the company and a common size summary for the industry in which the company operates. Outdoor World, Inc. Industry Average Sales (net) $ 20,000,000 100 % Cost of goods sold 9,800,000 58 Gross profit on sales $10,200,000 42 % Operating expenses: Selling $ 4,200,000 16 % General and administrative 3,400,000 20 Total operating expenses $7,600,000 36 % Operating income $ 2,600,000 6 % Income tax expense 1,200,000 3 Net income $1,400,000 3 % Return on assets 23 % 14% Required: a. Prepare a common size income statement. The first column should show for Outdoor World, Inc., all items expressed as a percentage of net sales. The second column has been completed and shows the equivalent industry average for the data given in the problem. The purpose of this common size statement is to compare the operating results of Outdoor World, Inc., with the average for the industry. b. If results of…Benson Company operates three segments. Income statements for the segments imply that profitability could be improved if Segment A were eliminated. Segment Sales Cost of goods sold Sales commissions BENSON COMPANY Income Statements for Year 2 Contribution margin General fixed operating expenses (allocation of president's salary) Advertising expense (specific to individual divisions) Net income (loss). Complete this question by entering your answers in the tabs below. Required A Required B A $ 169,000 (130,000) (21,000) 18,000 (43,000) (5,000) $ (30,000) B $ 238,000 (81,000) (23,000) 134,000 (37,000) (14,000) $ 83,000 с $ 247,000 (83,000) (31,000) 133,000 (26,000) 0 Required a. Prepare a schedule of relevant sales and costs for Segment A. b. Prepare comparative income statements for the company as a whole under two alternatives: (1) the retention of Segment A and (2) the elimination of Segment A. $ 107,000Whitman Company has just completed its first year of operations. The company's traditional format income statement for the year follows: Whitman Company Income Statement Sales (35,000 units × $25 per unit) Cost of goods sold (35,000 units × $15 per unit) Gross margin Selling and administrative expenses Net operating income Amount $ 875,000 525,000 350,000 278,000 $ 72,000 The company's selling and administrative expenses consist of $208,000 per year in fixed expenses and $2 per unit sold in variable expenses. The $15 unit product cost given above is computed as follows: Direct materials Direct labor Variable overhead Fixed overhead ($100,000 ÷ 50,000 units) Unit product cost (under traditional costing) $ 6 6 1 2 $15 Required: 1. Prepare a contribution format income statement for the year ended December 31. 2. What was the contribution toward fixed expenses and profits for each unit sold? (State this figure in a single dollar amount per snowboard.) 3. What would operating income be if…
- Buckley Company operates three segments. Income statements for the segments imply that profitability could be improved if Segment A were eliminated. BUCKLEY COMPANY Income Statements for Year 2 Segment A B C Sales $ 330,000 $ 480,000 $ 500,000 Cost of goods sold (242,000 ) (184,000 ) (190,000 ) Sales commissions (30,000 ) (44,000 ) (44,000 ) Contribution margin 58,000 252,000 266,000 General fixed operating expenses (allocation of president’s salary) (92,000 ) (92,000 ) (92,000 ) Advertising expense (specific to individual divisions) (6,000 ) (20,000 ) 0 Net income (loss) $ (40,000 ) $ 140,000 $ 174,000 Required Prepare a schedule of relevant sales and costs for Segment A. Prepare comparative income statements for the company as a whole under two alternatives: (1) the retention of Segment A and (2) the elimination of Segment A. Options for required A table are: Advertising…Common-Sized Income Statement Revenue and expense data for the current calendar year for Tannenhill Company and for the electronics industry are as follows. Tannenhill's data are expressed in dollars. The electronics industry averages are expressed in percentages. Electronics Tannenhill Industry Company Average Sales $1,540,000 100 % Cost of goods sold 1,016,400 72 Gross profit $523,600 28 % Selling expenses $308,000 15 % Administrative expenses 123,200 7 Total operating expenses $431,200 22 % Operating income $92,400 6 % Other revenue 30,800 2 $123,200 8 % Other expense 15,400 1 Income before income tax $107,800 7 % Income tax expense 46,200 4 Net income $61,600 3 % a. Prepare a common-sized income statement comparing the results of operations for Tannenhill Company with the industry average. If required, round percentages to one decimal place. Enter all amounts as positive numbers. Tannenhill Company Common-Sized Income Statement For the Year Ended December 31 Tannenhill Tannenhill…Sunland Beauty Corporation manufactures cosmetic products that are sold through a network of sales agents. The agents are paid a commission of 21% of sales. The income statement for the year ending December 31, 2022, is as follows. SUNLAND BEAUTY CORPORATIONIncome StatementFor the Year Ended December 31, 2022 Sales $71,200,000 Cost of goods sold Variable $30,616,000 Fixed 8,560,000 39,176,000 Gross profit $32,024,000 Selling and marketing expenses Commissions $14,952,000 Fixed costs 10,660,400 25,612,400 Operating income $6,411,600 The company is considering hiring its own sales staff to replace the network of agents. It will pay its salespeople a commission of 7% and incur additional fixed costs of $9,968,000. Calculate the company’s break-even point in sales dollars for the year 2022 if it hires its own sales force to replace the network of agents. Break-even…
- Pottery Unlimited has two product lines: cups and pitchers. Income statement data for the most recent year follow: Total Cups Pitchers Sales revenue $460,000 $310,000 $150,000 Variable expenses 355,000 235,000 120,000 Contribution margin 105,000 75,000 30,000 Fixed expenses 76,000 38,000 38,000 Operating income (loss) $29,000 $37,000 $(8,000) If $29,679 in fixed costs will be eliminated by dropping the Pitcher line, how will operating income be affected? If income drops, use a negative sign in front of the number.Calculate the net profit for a company given the following information: total revenue of $500,000, cost of goods sold of $200,000, operating expenses of $100,000, and taxes of $50,000.Omega Company has the following two customers: Woodruff Ensley Sales $900,000 $800,000 Cost of Goods Sold 360,000 160,000 Other expenses excluding sales commissions 640,000 130,000 If the company pays a 4% sales commission based on customer profit, this will encourage a salespersons' efforts to sell to:
- Dogs R Us has two product lines: collars and leashes. Income statement data forecasted for next year is as follows: COLLARS LEASHES TOTAL Sales revenue $210,000 $150,000 $360,000 Variable expenses $135,000 $120,000 $255,000 $75,000 Contribution margin $30,000 $105,000 Fixed expenses $56,000 $38,000 $94,000 Operating income (loss) $19,000 ($8,000) $11,000 If $21,584 in fixed costs will be eliminated by dropping the LEASHES line, how will TOTAL operating income be affected after the Leashes line is dropped? If income drops, use a negative sign in front of the number. ASUS 13 f4 15 X f8 f9 f10 f11 f12 & 5. 8. 9.Calculate the gross and net profits (in $) and the two profit margins (as %s) for the given company. (Round profit margins to the nearest tenth of a percent.) Company Net Sales Cost ofGoods Sold GrossProfit OperatingExpenses Net Profit Gross ProfitMargin (%) Net ProfitMargin (%) an optometry store $327,735 $201,655 $ $83,921 $ % %Revenue and expense data for the current calendar year for Tannenhill Company and for the electronics industry are as follows. Tannenhill’s data are expressed in dollars. The electronics industry averages are expressed in percentages. TannenhillCompany ElectronicsIndustryAverage Sales $800,000 100 % Cost of goods sold 512,000 70 Gross profit $288,000 30 % Selling expenses $176,000 17 % Administrative expenses 64,000 7 Total operating expenses $240,000 24 % Operating income $48,000 6 % Other revenue 16,000 2 $64,000 8 % Other expense 8,000 1 Income before income tax $56,000 7 % Income tax expense 24,000 5 Net income $32,000 2 % a. Prepare a common-sized income statement comparing the results of operations for Tannenhill Company with the industry average. If required, round percentages to one decimal place. Enter all amounts as positive numbers.