Heart & Soul vintage vinyl record emporium provided the following information: Average selling price per record $15 Average variable cost per record $10 Monthly fixed cost $10,000 What is Heart & Soul's contribution margin per unit in dollars?
Q: Get correct answer accounting questions
A: Step 1: Definitions of1.Return on Total Assets (ROA):ROA measures how efficiently a company uses its…
Q: Please given answer Financial accounting question
A: Step 1: Define Accounts ReceivableThe difference between an efficient firm with its peer is the…
Q: What is the equity at the end of the year?
A: Step 1: Use the formula for equity: • Equity = Assets - Liabilities Step 2: Calculate the assets at…
Q: I want to correct answer accounting questions
A: Step 1: Identify the Predetermined Overhead Rate (POHR) Formula Step 2: Substitute the given values…
Q: Provide correct answer general accounting
A: Step 1: Define Accounting EquationThe accounting equation Assets = Liabilities + Stockholders'…
Q: Need your help with question
A: Explanation of Labor Price (Rate) Variance:Labor price (rate) variance measures the difference…
Q: What are the total assets on these general accounting question?
A: Step 1: Define Total AssetsTotal assets represent the sum of everything a company owns that has…
Q: what would net income be if the company used variable costing?
A: The question requires us to calculate net income under variable costing given that net income under…
Q: Hello tutor please provide correct answer general Accounting
A: Step 1: Define Predetermined Overhead RateA company's predetermined overhead rate is used to…
Q: What is rural hydroponics total assets turnover? General accounting
A: Step 1: Define Asset TurnoverThe asset turnover ratio calculates the efficiency of a company by…
Q: Provide correct option for this accounting question
A: Step 1: Define Over applied OverheadOver applied overhead occurs when the overhead applied to jobs…
Q: Question: A companys total liabilities are $247,000, and its equity is $987,000. What are the total…
A: Step 1: The accounting formula is Assets - Liabilities = Owner's equity. To determine the total…
Q: Please answer the following requirements on these general accounting question
A: Step 1: Define Accounts Receivable Turnover and Number of Days' Sales in ReceivablesAccounts…
Q: Baltimore Company experienced an increase in total assets of $15,500 during the current year. During…
A: To calculate Baltimore Company's net income, we use the accounting equation and the fact that the…
Q: None
A: Equity Multiplier = 1/EquityEquity Multiplier = 1/(2/3)Equity Multiplier = 1.5 Net Profit Margin =…
Q: What is the amount of current liabilities on these general accounting question?
A: Step 1: Define Current LiabilitiesCurrent liabilities are obligations a company expects to settle…
Q: Financial Account....
A: Step 1: Determine the Cost of Goods Sold (COGS)The formula to calculate COGS is:…
Q: Do fast answer of this accounting questions
A: Step 1: Definition of Maturity ValueThe maturity value of a note payable is the total amount that…
Q: Need help with this accounting questions
A: Step 1: Definition of Unit Product Cost Under Variable CostingThe unit product cost under variable…
Q: Hi, tutor solve this accounting problem
A: Explanation of Total Manufacturing Cost:Total manufacturing cost represents the total expenses…
Q: What was the company's net operating income for the year on these general accounting question?
A: Step 1: Define Return on Investment (ROI)Return on Investment is a financial metric used to measure…
Q: Calculate digital solution cash return on assets??
A: Step 1: Given Value for Calculation Total assets at beginning of year = $750,000Total assets at end…
Q: Which one of the following is the most common statement of the accounting equation?cost account…
A: Option C is the correct Accounting equation. Option A is incorrect because the sum of assets and…
Q: None
A: Step 1: Definition of Contribution MarginThe Contribution Margin (CM) per unit is the amount each…
Q: Calculate the amount of equity at the end of the year on these accounting
A: Step 1: Define EquityEquity represents the residual interest in the assets of a business after…
Q: Provide correct option general accounting
A: Detailed explanation:Given:Selling price per unit $80Variable costs per unit, 55% of selling price…
Q: Johnson corp purchased
A: Explanation: In the given case, it is stated that the entity purchased a group of assets for…
Q: If the ending inventory is overstated by $10,000, which statement is true? a. Assets and Cost of…
A: The correct answer is:c. Assets and Net Income are overstated. Explanation:Ending Inventory…
Q: ??
A: Explanation of Straight-Line Depreciation:Straight-line depreciation is a method of systematically…
Q: ??
A: DSO = (Average accounts receivable / Annual sales) x Number of days in the yearDSO = (90,000 /…
Q: What was the gross margin on these general accounting question?
A: Step 1: Define Gross MarginGross margin is the difference between sales revenue and the cost of…
Q: Provide correct answer general Accounting
A: Step 1: Define DuPont AnalysisThe DuPont analysis relates a firm's balance sheet to its income…
Q: Get cost account answer
A: Explanation: Under weighted average method for calculating equivalent units, the units completed and…
Q: Find out the Debt-to-equity ratio
A: For this question we must compute for the debt-to-equity ratio.The Debt to Equity (D/E) ratio, also…
Q: Solve general account query
A: To determine the Net Advantage of Leasing (NAL), follow these steps:Step 1: Calculate the Cost of…
Q: A withdrawal of cash by the owner may be considered. sub is account.
A: What Happens During a Withdrawal of Cash by the Owner?Definition of Owner's Withdrawal (Drawing):A…
Q: Provide answers
A: To solve this, we will calculate:a. Return on Equity (ROE):ROE is calculated using the DuPont…
Q: Please help me this question
A: Step 1: Define Accounting ElementsThe balance sheet reports a company's economic resources (assets)…
Q: The weighted average unit contribution margin for swifty??
A: Step 1: Define Contribution Margin AnalysisThe contribution margin analysis is used to ascertain the…
Q: Michael transfer a commercial solution general accounting question
A: Step 1: Calculate Realized Gain• Formula: Realized Gain = (FMV of Stock + Boot) - Adjusted Basis of…
Q: What is the 2007 cash flow to creditors?
A: The question requires the determination of the cash flow to creditors. Cash Flow to Creditors…
Q: Do fast answer of this accounting questions
A: Step 1: Definition of Taxable IncomeTaxable income is the income subject to tax after accounting for…
Q: None
A: Step 1: Define Cost Volume Profit AnalysisCost volume profit analysis is an important concept in…
Q: The balance of the owner's drawing account is reported:(general account)
A: The correct answer is:B. on the statement of owner's equity Explanation:The owner's drawing account…
Q: If a company has average accounts receivable of $90,000 and annual sales of $840,000, what is the…
A: Explanation of Days Sales Outstanding (DSO):Days Sales Outstanding (DSO) is a financial metric that…
Q: Solve this question financial accounting
A: Step 1: Define Capital Gains YieldCapital gains yield measures the percentage change in the price of…
Q: What is the percentage contribution margin solve this accounting questions
A: Step 1: Definition of Contribution Margin PercentageThe Contribution Margin Percentage represents…
Q: Calculate the equivalent units of production for the month, assuming the company uses the weighted…
A: To calculate the equivalent units of production (EUP) using the weighted-average method, we need to…
Q: Need help with this accounting questions
A: Step 1: Definition of Net Operating Income (NOI)Net Operating Income (NOI) is the profit remaining…
Q: Financial Account
A: Understanding the Problem:The accounting equation is: Assets=Liabilities+Equity…
What is heart & soul's contribution margin per unit in dollars?? General accounting
Step by step
Solved in 2 steps
- What is heart & soul's contribution margin per unit in dollars??Assume that markup is based on selling price. Calculate the dollar markup and cost. (Round your answers to the nearest cent.) Selling price Dollar Item Markup percent Cost markup Canon scanner 2$ 105 40 %A wholesaler sells a guitar for $1,427.40. What is the percent markup based on cost if the wholesaler paid $780 for the guitar? % Need Help? Read It Watch It Master It
- CVP Analysis, *What IT?" AnalysisKevin Co. projected contribution-format income statement for the upcoming month is shownBelow Sales (500 units) $10000Variable expenses. 4000Contributions margin. 6000Fixed expenses. 1000Net operating income. 5000Required:a.) Compute the breakeven point in units.b) Compute the breakeven paint in dollars.c.) If the company wishes to earn a monthly target profit of $10,000, how many units must be sold each month?d.) Compute the company's margin of safety. State your answer in both dollar and percentage terms,e.) The company's manager thinks that adding a salaried sales staff member at a cost of 52,000 per month will increase sales by $4,000 per month. If he is correct, what will be the net dollar advantage or disadvantage of making this change?t.) Refer to the original data, the company's manager believes that a new production process will improve profitability. He plans to add new machinery that will cut variable expenses…What is silverline's contribution margin ratio on these general accounting question?Advanced Electronics manufactures DVDs and sells them directly to retailers who typically sell them for $20. Retailers take a 40% margin based on the retail selling price. Advanced’s cost information is as follows:DVD package and disc $2.50/DVDRoyalties $2.25/DVDAdvertising and promotion $500,000Overhead $200,000 Calculate the following:a. contribution per unit and contribution marginb. break-even volume in DVD units and dollarsc. volume in DVD units and dollar sales necessary if Advanced’s profit goal is 20% profit on salesd. net profit if 5 million DVDs are sold
- igmeniMalh.do?invoker=&takeAssignmentSessionLocator=&inprogress%3Dfalse Show Me How Print Item eBook Contribution Margin and Contribution Margin Ratio For a recent year, McDonald's (MCD) company-owned restaurants had the following sales and expenses (in millions): Sales $15,295.0 Food and packaging $(4,896.9) Payroll (4,134.2) Occupancy (rent, depreciation, etc.) (3,667.7) General, selling, and administrative expenses (2,384.5) $(15,083.3) Operating income $211.7 Assume that the variable costs consist of food and packaging, payroll, and 40% of the general, selling, and administrative expenses. a. What is McDonald's contribution margin? Round to the nearest tenth of a million (one decimal place). million b. What is McDonald's contribution margin ratio? Round to one decimal place. % c. How much would operating income increase if same-store sales increased by $800 million for the coming year, with no change in the contribution margin ratio or fixed costs? Round your answer to the nearest…Need help with this general accounting questionPlease Solve With Explanation and Do not Give image format
- How do I solve?Choose the correct letter of answer Martinez Company produces and sells a particular home appliance. The variable cost (VC) per unit is P50. The unit selling price (SP) is P120 while fixed cost (FC) is P75,000. How mush is P when R volume is 7,000 units? a. 840,000b. 415,000c. 490,000d. 350000Please provide answer this financial accounting question