Harper Inc. has fixed costs of $800,000. Variable costs are 30% of sales, and the company desires a net income of $200,000. What are the required sales?
Q: If there were 72,000 pounds of raw materials on hand on January 1, 196,000 pounds are desired for…
A: Definition of Raw Materials Inventory:Raw materials inventory refers to the basic materials and…
Q: hello tutor please help me accounting question
A: Step 1: Definition of Ending Work in Process (WIP) InventoryEnding WIP inventory is the cost of…
Q: Hello tutor solve this question accounting question
A: Step 1: Definition of Cash Conversion CycleThe cash conversion cycle (CCC) is a metric used to…
Q: Crane Inc. reports: • Net Income $250 million Average Total Assets = $2,500 million What is the ROA?
A: Step 1: Definition of ROA (Return on Assets)Return on Assets (ROA) measures how efficiently a…
Q: Can you please provide answers
A: Step 1: Definition of Over-Applied OverheadOver-applied overhead refers to the situation in cost…
Q: ?
A: Concept of Revenue (Sales on Account):Revenue is the total amount earned from selling goods or…
Q: Assume the actual sales volume is 74,500 units and the budgeted sales volume is 76,000 units. If the…
A: Concept of Sales Volume Variance:Sales volume variance measures the financial impact of the…
Q: Can you solve this general accounting problem with appropriate steps and explanations?
A: Step 1: Definition of Net Sales RevenueNet Sales Revenue is the actual revenue a company earns from…
Q: Pension plan assets were $2,350 million at the beginning of the year and $2,580 million at the end…
A: Definition of Pension Plan Assets:Pension plan assets are funds set aside by a company to pay for…
Q: what should investors expect as a return on westbrook stock ?? general accounting
A: As per CAPM, Expected Return on Stock = Risk-Free Rate + Beta*(Market Rate - Risk-Free Rate)…
Q: Please provide the correct answer to this general accounting problem using accurate calculations.
A: Step 1: Definition of Adjusted Basis in a PartnershipA partner's adjusted basis represents the…
Q: Hi expert please given correct answer with accounting question
A: Step 1: Definition of Shareholders' EquityShareholders' equity represents the ownership interest of…
Q: Please provide the correct answer to this financial accounting problem using accurate calculations.
A: Provided Data:Total Liabilities = $590,000Total Equity = $472,000We need to calculate:…
Q: What is its gross income for the year? accounting question
A: Step 1: Definition of Gross Income Gross income, also known as gross profit, is the income a…
Q: general accounting
A: To answer these questions, we use the following concepts:
Q: Can you explain the process for solving this General accounting question accurately?
A: Step 1: Define Lower of Cost or MarketLower of Cost or Market (LCM) is a conservative inventory…
Q: I am looking for a step-by-step explanation of this financial accounting problem with correct…
A: Step 1: Definition of Gross ProfitGross profit is the difference between sales revenue and the cost…
Q: What is the company's debt-to-equity ratio?
A: Let's break it down step-by-step:Debt-to-Equity RatioIt's a financial metric that compares a…
Q: Quick answer
A: To calculate the expected market price of Wellington Industries' shares:1. Calculate Earnings Per…
Q: Please provide the correct solution to this financial accounting question using valid principles.
A: Step 1: Define Total AssetsTotal Assets refer to the sum of everything that a company owns, both…
Q: Better Value Hardware began 2010 with a credit balance of $37,500 in the allowance for sales returns…
A: Definition of Sales Returns:Sales returns represent the value of merchandise that customers return…
Q: None
A: To calculate Stockholders' Equity, use the accounting equation:Assets = Liabilities + Stockholders'…
Q: Financial Accounting MCQ
A: Provided Data:Net Income = $312,500Total Assets = $2,785,000Step 1: Key DefinitionsDefinition of Net…
Q: Please provide the accurate answer to this general accounting problem using valid techniques.
A: Step 1: Definition of Special Order DecisionA special order decision involves evaluating whether to…
Q: I am searching for the correct answer to this general accounting problem with proper accounting…
A: Step 1: Define Accounting EquationThe Accounting Equation is the fundamental equation in accounting.…
Q: Need step by step answer
A: Step 1: Definition of Taxes PaidTaxes Paid refers to the actual amount a company owes to the…
Q: Please provide the solution to this general accounting question with accurate financial…
A: Step 1: Definitions Concept of Direct Materials:Direct materials are raw materials that are directly…
Q: expert of accounting answer
A: Step 1: Definition of Fixed Asset CapacityFixed asset capacity refers to the maximum level of sales…
Q: what will the pretax income equal if sales are..... ?
A: Step 1: Definition of Pretax IncomePretax income refers to a company's earnings before taxes have…
Q: Provide correct option
A: Step 1: Definition of Lower of Cost or Market (LCM)LCM is an inventory valuation rule that requires…
Q: Can you help me solve this general accounting question using valid accounting techniques?
A: Step 1: Definition of Total Direct Labor VarianceTotal direct labor variance is the difference…
Q: ??!!
A: Provided Data:Total material costs = $52,200Total conversion costs = $64,600Equivalent units for…
Q: What is the variable cost per minute?
A: Explanation of Fixed Costs:Fixed costs are expenses that remain constant regardless of the level of…
Q: Solve
A: Step 1: Definition of Break-even PointThe break-even point is the level of sales where a company's…
Q: Please provide the accurate solution to this financial accounting question using valid calculations.
A: Step 1: Definition of Stockholders' Equity Stockholders' equity, also known as shareholders' equity…
Q: Please explain the solution to this financial accounting problem with accurate explanations.
A: Step 1: Definition of Taxable Employee BenefitA taxable employee benefit is any fringe benefit…
Q: Please help me solve this general accounting question using the right accounting principles.
A: Step 1: Define Return on Equity Return on Equity (ROE) measures a company's profitability by showing…
Q: Hello tutor provide solution
A: Step 1: Definition of Accounting EquationThe accounting equation is a fundamental concept in…
Q: How much will acquirer record as goodwill upon acquiring target?
A: Step 1: Definition of GoodwillGoodwill represents the excess of the purchase price of an acquired…
Q: Banksy Ltd. Had the following transactions during 2022:
A: Concept of Accrual Accounting:Accrual accounting is a method where revenues are recorded when earned…
Q: Right answer with accounting
A: Expected Return on stock = Risk-Free Rate + Beta*(Market Rate - Risk-Free Rate)8.20% =…
Q: Madison Corp. took out a $120,000 loan at 10% interest for 4 years. It repays the loan in equal…
A:
Q: Sunshine Traders uses the accrual basis of accounting. If it provides services worth $5,000 in March…
A: Explanation of Accrual Basis of Accounting: The accrual basis of accounting is a method where…
Q: General Accounting
A: Step 1: Define Return on Assets (ROA)Return on Assets (ROA) measures a company's profitability…
Q: What is the ending total asset balance?
A: Step 1: DefinitionsConcept of Asset Turnover Ratio:Asset Turnover Ratio is a financial metric that…
Q: Martinez Company plans to sell 8,500 orange beach umbrellas during May, 6,800 in June, and 8,500…
A: We are asked to calculate how many units Martinez Company should produce during June, given their…
Q: 4 POINTS
A: Explanation of Assets:Assets are resources owned by a business that have economic value and can be…
Q: Could you help me solve this financial accounting question using appropriate calculation techniques?
A: Concept of Price-to-Earnings (P/E) Ratio:The P/E ratio is a valuation metric that compares a…
Q: How much interest expense is incurred?
A: Step 1: Definition of Interest ExpenseInterest expense is the cost incurred by a borrower for using…
Q: General accounting question
A: To calculate the Quick Ratio, use the formula: Quick Ratio = (Current Assets - Inventory) / Current…
What are the required sales?
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?Delta 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.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 245,000
- 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. 2,000How much sales are required to earn the target income?Gimpy Corp. has variable costs that are 75% of sales, current sales of $800,000, and fixed costs of $150,000. What is the required sales amount to achieve a $85,000 net income? Answer
- Jordy Enterprises sells a product for $75 per unit. Variable costs per unit are $40, and monthly fixed costs are $320,000. What unit sales would be required to earn a target profit of $200,000? Right answerWhat are the required sales?Stellar Company has the following sales, variable cost, and fixed cost. If sales increase by $10,000 then their profit increases/ decreases by how much? Sales $50,000 Variable Costs $7,500 Fixed Costs $28,000
