Green Leaf Company had the following information available on December 31: Total Item Units Cost cost Market value Total market value Wheelbarro 100 $32.10 $3,210 $ 33.00 $3,300 WS Shovels 320 14.00 4,480 12.00 3,840 Gloves 80 8.60 688 9.40 752 Hoses 140 11.00 1,540 10.50 1,470 $ 9,918 $9,362 Management applies the LCM rule on the basis of the total inventory. What is the write-down required? a. $864. b. $556. c. $576. d. $710.
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- > Quint... M 6 D J 3 E5-18 (Algo) Calculating Contribution Margin and Contribution Ratio, Preparing Contribution Margin Income Statement [LO 5-5] bok int 7 rint 0 erences ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A %252F%252Flms.mheducation.com%252Fmgh M 6 M Search results - yaz... M Question Mode: M... C 11 Riverside Incorporated makes one model of wooden canoe. Partial information for it follows: Number of Canoes Produced and Sold Total costs Variable costs Fixed costs Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit Unit contribution margin Contribution margin ratio 400 Scenario 1 Raises Sales Price to $470 per Canoe $ 54,000 60,000 $ 114,000 $135.00 150.00 $285.00 600 $ 81,000 60,000 $ 141,000 % Contribution Margin Income Statement $ 135.00 100.00 $ 235.00 Scenario 2 Increase Sales Price and Variable Cost per Unit by 10 Percent Riverside sells its canoes for $370 each. Next year Riverside expects…Leatned Corporation has proviaed insa costper COst pel period direc marerials: direct LaOor: variable manufact overnead:S1.65 Fixed manutack oveihead: Saes commisions: variable administiahve expense 070 fixed seling and admin expense: $5.90 4.0S $30,000 $9.600 Reauired a for Financial reporting purpo ses what IS the total amaunt of product costs incurrea. b. For financial reporting purposes what S the torai amounAt OF product costs ncurrea to sell 6,000 unitsz C It the selling price what is the contibution maigın per unst sold2 to mahe 6,000 unitS? $23.40 per unit altotal product (manufacruring) cost. bto tal pe1od inonmanueacturing) LOst contriburion margin Per unitXYZ Inc. has developedanewelectronicgameandcompiledthe following product information. Year Production Cost Promotion Cost Sales Revenue 0 $48,000 Nil Nil 1 $48,000 $64,000 Nil 2 $48,000 $96,000 $64,000 3 $48,000 $32,000 $256,000 4 $48,000 Nil $128,000 5 Nil Nil $32,000 Ifthecompanyrequiresareturnof16%oninvestments CalculatetheNPVoftheproject. CalculatetheROIoftheproject. Determinethepaybackperiodoftheproject. Which you go ahead with the project? Why/why not? Dough Drill Inc. normally expects a minimum rate of return of 12% on investments. Two projects are available but only one can be chosen. Project A requires an immediate investment of $4,000,000. In return revenue payments of $4,000,000 will be received after 4 years and $9,000,000 after nine years. Project B requires an investment of .,$4,000,000 now and another $2,000,000 at the start of…
- Given the information available in the table below, what is the Wholesaler's Selling Price to the Retailer? SELLING MARGIN CHANNEL MEMBER COST PRICE % Supplier/Manufacturer $179.52 $224.40 20% not Wholesaler ??? 15% available not Retailer $300.00 12% available Consumer $300.00 O $256.00 O $224.40 O $240.00 $264.00Market Quantity Supplied for Firm W, Firm X, Firm Y, and Firm Z Table: Firm W's Firm X's Firm Y's Firm Z's Price Quantity Quantity Quantity Quantity Supplied Supplied Supplied Supplied $0 0 0 0 0 84 $4 2 5 4 3 $8 4 10 10 8 6 $12 6 15 12 9 $16 $20 8 20 20 16 12 10 10 55 25 20 20 15 Refer to the table. If these are the only four sellers in the market, then when the price increases by $4, the market quantity supplied increases by units. 4The following accounting records reveal: A/R, beg. P100,000 Iny, beg. P50,000 Purchases P90,000 Purchases Discount P5,000 Collections P200,000 How much is the vatable sales? a. P250,000 b. P240,000 How much is the output vat? a. P27, 600 b. P28,800 A/R, end Iny, end Sales Sales Return Cost of Sales. c. P230,000 c. P30,000 P110, 000 P60,000 P250,000 P10,000 P70,000 d. P24,000 d. P200,000
- Requirement 1. Calculate the EOQ. Begin by selecting the formula used to calculate EOQ. (D=Demand in units for one year, P=Ordering cost per purchase order, C=Carrying cost of one unit in stock, Q=Any order quantity.) ModifyingAbove EOQ equals StartRoot StartFraction 2 DP Over Upper C EndFraction EndRoot With Subscript EOQ=2DPC Part 2 (Round your answer to the nearest whole number.) The EOQ is 560 jerseys. Part 3 Requirement 2. Calculate the number of orders that will be placed each year. Determine the formula used to calculate the number of orders that will be placed each year, then calculate the orders per year. (Round your answer up to the nearest whole number.) ÷ = Number of ordersThe following information is available for Concord Corporation: Total fixed $150000 expenses == Total variable. 320000 expenses Sales Cost of goods sold $570000 370000 A CVP income statement would report O gross profit of $250000, contribution margin of $420000. Ogross profit of $200000. O contribution margin of $250000.Type the formulas to calculate the following: In cell B9, calculate the grand total amount owing for all customers. In ce E KBC DFGHJ1 Cost Retail 2 Mussels R12,40 R21, 70 3 Crabs R25, 60 R44,804 Markup % 75,0% 5 Discount % 8,5% EFT 6 VAT % 15 89 Total Sales 10 Cost of Sales 11 Profit or Loss No of 12 Customers No of Crab 13 Customers Sales of Mussel 14 Customers 15 Can
- Use the table for the question(s) below Name Gannet New York Times McClatchy Media General 326 Lee Enterprises Average Maximum Minimum OA $6.52 OB $7.00 Market Enterprise Capitalization Value (5 million) 6350 2423 675 OC. $7.00 OD 17 24 267 1192 (5 million) 10,163 3472 3061 1724 14.89 Price/ Book PIE 7.36 0.73 18.09 2.64 9.76 1.68 0.39 6.55 0.82 11.33 1.25 +60% 112% -40% 69% Enterprise 1.31 Valuel Sales 1.4 1.10 1.40 1.57 1.35 +16% -18% Enterprise 7.65 Value/ EBITDA The table above shows the stock prices and multiples for a number of firms in the newspaper publishing industry. Another newspaper publishing firm (not shown) had sales of $600 million, EBITDA of $84 million, excess cash of $70 million, $11 milion of debt, and 120 million shares outstanding. If the average enterprise value to sales for comparable businesses is used, which of the following is the best estimate of the firm's share price? CIED 5.04 7.21 5.64 6.65 6.44 +22% -19%Following information is related to Product X of Zempa Company: Current replacement cost $230 Cost to distribute $42 Historical cost Normal profit margin Selling price $215 $36 $245 If lower-of-cost-or-market rule (LCM Rule) is applied, then the value of Product X that would be reported in the balance sheet is: a. $215 b. $230 C. $203 d. S167CVP computations. Fill in the blanks for each of the following independent cases.