Hanley's Carwash has $80,000 of fixed costs and variable costs of 60% of sales. How much is total sales to achieve a net income of $140,000? A) $550,000 B) $220,000 C) $150,000 D) $366,667
Q: Need help with this question solution general accounting
A: Step 1: Define Activity-Based Costing (ABC) SystemThe manufacturing overhead costs incurred by any…
Q: Hi expart solve these general accounting problem not use ai
A: Step 1: Define High-Low MethodThe high-low method is the popularly used approach for the segregation…
Q: Activity 2. NeoZone Partnership You are a bookkeeper at the accounting firm Complete Business…
A: Step 1:Review all the contributions made by each partner, either in cash or other assets.James Cross…
Q: Hello tutor please provide this question solution general accounting
A: Step 1: Define SalesSales is an abbreviated reference to sales revenue, which is the top-line source…
Q: The following information is provided for Sacks Company. Cash $ 13,500 Supplies 6,000 Prepaid…
A: Hello student! Liabilities, as defined by the International Accounting Standards is: "A present…
Q: ! Required information Problem 13-58 (LO 13-2) (Static) [The following information applies to the…
A: Scenario B (Annual Salary: $240,000)b-1. SV's Contribution to Matthew's Money Purchase Plan1.Find…
Q: Please give me answer Accounting
A: Step 1: Define Owners' EquityShareholders' equity can be defined as the ownership of the investors…
Q: Financial account question given answer
A: Step 1: Define Growth Rate in SalesA firm raises capital to invest in assets which are further…
Q: tutor please give true answer No AI use Strictly
A: Step 1: Definition:The gross margin is the difference between sales revenue and the cost of goods…
Q: What makes forensic accounting distinct from regular auditing?
A: Explanation of Forensic Accounting:Forensic accounting refers to a specialized area of accounting…
Q: An expenditure that maintains an existing asset so that it can function in the manner intended…
A: The question is asking about the accounting treatment of an expenditure that is made to maintain an…
Q: need answer help
A: Detailed explanation:1. Sustainability Considerations: Sustainability in accounting refers to…
Q: Hi expert please give me answer general accounting
A: Hello student! Inventory Turnover Ratio indicates the number of times that the company was able to…
Q: follow all this
A: Approach to solving the question: Step 1: We get the exclusion ratio.Exclusion ratio = Investment in…
Q: Which option is accurate?
A: Explanation of Integrated Reporting: Integrated reporting is a comprehensive approach to corporate…
Q: Hi expert please provide this question solution general accounting
A: Step 1: Define Cost of Goods SoldThe cost of goods sold is the sum of all the direct expenses during…
Q: Need Both Answer
A: Calculate the Book Value Per ShareStep 1: Use the formula: Book Value per Share = Market Price per…
Q: Need help with this question solution general accounting
A: Step 1: Define Cash Conversion CycleThe cash conversion cycle is the days taken by the company for…
Q: Gantner company had the following department information this question solution
A: Step 1: Define Equivalent UnitsEquivalent units show the total percentage of work that has been done…
Q: follow this questions and give true answer with short details
A: Step 1: Definition:Gross Profit is the difference between Net Sales and the Cost of Goods Sold…
Q: I want to correct answer general accounting
A: Step 1:Computation of the market value of the total assets after dividend payment: Market value of…
Q: I want to correct answer general accounting
A: Step 1: Define The Statement of Retained EarningsThe statement of retained earnings is a document…
Q: When should the accounting cycle be modified for specialized industries?
A: In accounting, the cycle typically follows regular time periods, like monthly or yearly. This system…
Q: ?? Accounting Question
A: Explanation of Supply Variance: Supply variance is the difference between the expected quantity of…
Q: Ras corporation issued a one year....accounting questions
A: Step 1:Interest expenses will be recorded for 31 December 2010 is from September to December 2010.…
Q: On January 1, 2021, Crane Corporation issued $5400000, 10-year, 9% bonds at 102. Interest is payable…
A: 1. Understanding the ProblemCrane Corporation issued $5,400,000 in bonds on January 1, 2021. These…
Q: General Accounting Question
A: Hello student! The Equity of a firm shows the part of the business that is owned by the business…
Q: Hello tutor please provide this question solution general accounting
A: Approach to solving the question: Below I have provided the formula along with calculation for…
Q: Hello tutor please provide this question solution general accounting
A: Market Price per Share = $72Earnings per Share (EPS) = $12 P/E ratio = Market Price per Share /…
Q: Get Answer Of this One with Method of Accounting
A: Step 1: Define Direct labor varianceDirect labor variance is computed to determine the difference…
Q: Selected information follows for Wildhorse Select Corporation at December 31: 2024 2023 Bonds…
A: The change in common shares can be calculated by subtracting the common shares at the beginning of…
Q: What is the firm's debt equity ratio on these financial accounting question?
A: Step 1: Define Debt-Equity RatioThe debt-equity ratio is one of the leverage ratios to measure how…
Q: Hello tutor please provide this question solution general accounting
A: Step 1: Define Predetermined Overhead RateIt is mainly useful to ascertain the company's…
Q: Need help with this question solution general accounting
A: Given:Operating cycle = 76 daysAccounts receivable = $230,000Annual sales = $1.92 millionStep 1:…
Q: Financial accounting question
A: Step 1: Define Fixed OverheadFixed manufacturing overhead is the cost that does not change with the…
Q: ?
A: Option a: This option is correct because the positive accounting theory focuses on real accounting…
Q: Answer me
A: Explanation of Economic Substance Doctrine: The economic substance doctrine is a fundamental tax…
Q: Need help with this financial accounting question
A: Step 1: Define Ratio AnalysisRatio analysis is a very important tool to convert raw data available…
Q: Hello tutor give me answer this general accounting question
A: Step 1: Define High-Low MethodThe high-low method is an accounting method that is used to separate…
Q: What are some reasons why someone would be interested in becoming a Certified Public Accountant?What…
A: Detailed explanation: • Attaining a CPA status is an honorable profession that has the validity,…
Q: Hi expert please give me answer general accounting
A: Step 1: Define Operating Cash FlowThere are various ways in which operating cash flow can be…
Q: answer this Question of general accounting
A: Explanation of Concession RevenueConcession revenue refers to the income earned from selling food,…
Q: Need General Accosting Method Solution
A: Step 1: Define Expected Collections:Expected Collections refer to the monetary amount that an…
Q: Calculate the unexpired insurance expense. (financial accounting)
A: Explanation of Insurance Premium: An insurance premium is the amount paid upfront to an insurance…
Q: Hello tutor please provide this question solution general accounting
A: Step 1: Define Total Debt RatioTotal debt ratio is an indicator of a firm's capital structure. The…
Q: Shorter company had originally expected to earn operating solve this question solution
A: Step 1: Define Degree of Operating LeverageDegree of operating leverage is a multiple that measures…
Q: Give me answer
A: Explanation of FIFO (First-In-First-Out): FIFO is an inventory valuation method where the first…
Q: Benjamin Sports Camp Inc. Provides the following data: please give me answer this general accounting…
A: Step 1: Define Asset turnover ratioAsset turnover ratio is given as the net sales divided by the…
Q: Staples inc. is one of the lardegwst supplier solve this question
A: Step 1: Define Financial Ratio:Financial ratios are evaluation tools used internally and externally…
Q: Solve this accounting issue with explanation
A: In last month, the variance of actual cost and budgeted cost of indirect material is $250…
Please given answer general account
Step by step
Solved in 2 steps
- 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?Cadre, 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.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.)
- 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 245,000Maple 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.Snower Corporation sells product G for $150 per unit, the variable cost per unit is $105, and the fixed costs are $720,000. What is the sales (in dollars) required to realize operating income of $40,000?
- Skyler Company sells a product for $125 per unit. The variable cost is $85 per unit, and fixed costs are $1,890,000. Determine (a) the break - even point in sales units and (b) the sales units required for the company to achieve a target profit of $630,000When Greenway, Incorporated sells 43,200 units, its total fixed cost is $73,440. What is its total fixed cost when it sells 47,400 units? a) $66,300 b) $80,580 c) $73,440 d) $94,860The QWERT INC. sells Product A for P60 each. Variable costs are P36 per unit. Fixed costs are P375,000.Questions: 1, How much sales in units must be reached to realize a Net income of P102,000 before income taxes.2. How much sales in units must be reached to realize a Net income of P97,500 after income taxes. Tax rate is 35%3. How much sales in pesos must be reached to realize a Net income of 15% of sales. Ignore income taxes.
- Bramble Corp. has a weighted-average unit contribution margin of $30 for its two products Standard and Supreme. Expected sales for Bramble are 60000 Standard and 40000 Supreme. Fixed expenses are $1950000. At the expected sales level, Bramble's net income will be O $3000000. O$750000. O $(450000). $1050000. e Textbook and MediaHow do I solve this question?Monster Inc. sells 100,000 for $120 a unit. Fixed costs are $300,000, and net income is $200,000. What should be reported as variable expense in CVP income statement?
