How much should you bid for the contract for Nebraska Wesleyan assuming you expect to earn 25% on the job?
Q: How do I do a general journal on this entry? Master Flow purchased a specialized pipe bending…
A:
Q: The Shirt Works sells a large variety of tee shirts and sweatshirts. Steve Hooper, the owner, is…
A: Break-even point:The break-even point is popularly known as in short the BEP which is the point…
Q: What is the lowest bid price (per unit) you should submit (i.e. price where NPV=0)?
A: Sunk costs are those cost which are incurred in past for some purpose like research. These costs are…
Q: The Shirt Works sells a large variety of tee shirts and sweatshirts. Steve Hooper, the owner, is…
A: Break even point is that level of sales where total revenue equals total cost i.e. there is no…
Q: The Shirt Works sells a large variety of tee shirts and sweatshirts. Steve Hooper, the owner, is…
A: Variable costs are costs that varies with the change in the level of output whereas fixed costs are…
Q: The Shirt Works sells a large variety of tee shirts and sweatshirts. Steve Hooper, the owner, is…
A: The production /sales level at which a product's costs and revenues are equal is known as the…
Q: You have been working for your cousin (owner of a Little Nero Caesar Salad franchise). The…
A:
Q: How can his revenue and expenses match? Discuss in a group several ways that Edward's accountants…
A: How revenue and expenses match Edwards foster wil book the expense in the period in which…
Q: Sally works as a manager in the gardening section of her local Bunnings Store. Recently, Sally was…
A:
Q: Questions 1. a) Prepare a statement for Blurred Kitchens Limited, clearly stating short reason or…
A:
Q: fee shop wher specialty urtis cannot afford to pay for the mixer for at least 30 days. He asks…
A: The perpetual inventory system is the system of recording the inventory. Under this system, the…
Q: Genesee Music Society is a not-for-profit organization that brings guest artists to the community’s…
A: Break-Even Point: It is the point of sales at which entity neither earns a profit nor suffers a…
Q: The Shirt Works sells a large variety of tee shirts and sweatshirts. Steve Hooper, the owner, is…
A: The breakeven point is computed by dividing the fixed costs by the per-unit contribution margin. The…
Q: day came when a buyer for a major department store offered them a contract to produce 1,500 cakes of…
A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…
Q: Required: 1. What level of unit sales and dollar sales is needed to attain a target profit of…
A: Break-even analysis is a financial and business management tool that helps organizations determine…
Q: your employer is a large local softdrink manufacturer that has started looking into importing cans,…
A: ANSWER:- Dear Board of Directors, In light of the service issues faced by local can manufacturers…
Q: A. What is the cost per square foot of the 2,000 square feet house? B. You are also considering to…
A: Built up Area 2000 sq. ft Cost of Construction of 2000 sq. ft house $150000…
Q: The Shirt Works sells a large variety of tee shirts and sweatshirts. Steve Hooper, the owner, is…
A: Variable costs are costs that changes with change in sales activity level. Fixed costs do not change…
Q: Rent (premises, equipment) Cleaning (linen, premises) Replacement of dishes, cutlery, glasses…
A: Lets understand the basics.Break-even point is a situation of no profit and no loss. The total cost…
Q: DECDO Homes is developing a housing community at a privately owned island in the Spraty islands. The…
A: Shadow price is the estimated price of intangible goods or services for which there is no ready…
Q: Edward Foster is a building contractor. He and his customer have agreed that he will submit a bill…
A: Solution Revenue is the total income which we generated after sale of goods and services which is…
Q: The president of the American Insurance Institute wants to compare the yearly costs of auto…
A:
Q: Caribbean Hotel Services (CHS) is a small company specialising in services to the hotel industry.…
A: As per our guidelines, we are supposed to answer only 3 sub-parts (if there are multiple sub-parts…
Q: December 31, 20x6, JANE granted the following people franchises that ANNA BETY id (down payment)…
A: Total revenue to be recognized by jane on Dec 31, 2006
Q: Assume that you are responsible for planning a banquet for your school’s accounting club. The…
A: Fixed Costs: Fixed costs, otherwise called overhead expenses or indirect expenses, are costs of…
Q: A) What price should she charge for a chopped beef brisket sandwich in order to break even for the…
A: Break-even point: A point of sale where the total revenue generated by the company is equal to the…
Q: Amador Pizza Company produces high-quality pizzas that are distributed to shops in resort areas. On…
A: Cash basis accounting: In cash basis accounting , revenue are recognized when payment is received…
Q: Free Wheels has a plant that assembles bicycles. The plant currently has a small cafeteria for the…
A: The cooking equipment is in desperate need of repair. Besteats has given Free Wheels a contract to…
Q: Ms. Magan Dah and her sister, Ms. Supla Dah got into the cakes and pastries business almost by…
A: EBIT is the short form for Earnings Before Tax. It indicates profitability of any entity. It is…
Q: 1. Prepare a contribution format income statement that shows the expected net operating income each…
A: 1) Income Statement Sales $ 3,70,000.00 Variable Cost Ingredients Cost $…
Q: es and dollar sales? Note: Round your intermediate calculations, round "Break-even point in unit…
A: Target Profit = $9,048Unit Contribution Margin = Selling Price per unit - Variable Cost per unit…
Q: You are currently working in a construction company. Your company have been appointed to a…
A: b). Design A Year Returns Discounting factor Inflow 1 290000 0.909 263610 2 290000 0.826…
Q: he Shirt Works sells a large variety of tee shirts and sweatshirts. Steve Hooper, the owner, is…
A: Calculation of targeted profit , and break even sales are as follows
Q: The Shirt Works sells a large variety of tee shirts and sweatshirts. Steve Hooper, the owner, is…
A: Variable costs are costs that vary with the change in the level of output whereas fixed costs are…
Q: A nonprofit decides to provide free food for the homeless in Thanksgiving holidays. The manager…
A: Non profit organization does not work for the profit purpose but they provide things to needy person…
Q: Caribbean Hotel Services (CHS) is a small company specialising in services to the hotel industry.…
A: Defined Benefit Plan Your culmination reward, or reward upon retirement, must be specified in a…
Q: n 15 January 2021 Mrs D South decided that she would buy the different types of cables and other…
A: original cash invoice is issued when there is cash sales. In the given question, it is mentioned…
Q: You and a friend decide to start a small business manufacturing clothing items. You rent a small…
A: Solution:- There are two types of cost associated with a product: a) Fixed cost b) Variable cost…
You own a catering business in the city of Lincoln, Ne, “Out of this World Gyros”. Your specialty are gyros as well as other authentic Greek dishes. You have been asked to cater an event for Nebraska Wesleyan University. Nebraska Wesleyan has requested a bid for you to cater 1,100 guests. As you reviewed your prior contracts you found that you catered an event for 300 at an average cost $4.15; an event for 750 at an average cost $3.90; and an event for 1,200 at an average cost of $3.75. How much should you bid for the contract for Nebraska Wesleyan assuming you expect to earn 25% on the job?
Step by step
Solved in 3 steps
- Natalie is busy establishing both divisions of her business (cookie classes and mixer sales) and completing her business degree. Her goals for the next 11 months are to sell one mixer per month and to give two to three classes per week.The cost of the fine European mixers is expected to increase. Natalie has just negotiated new terms with Kzinski that include shipping costs in the negotiated purchase price (mixers will be shipped FOB destination). Assume that Natalie has decided to use a periodic inventory system and now must choose a cost flow assumption for her mixer inventory.Inventory as on January 31, 2019 represents three deluxe mixer purchased at a unit cost of $595.The following transactions occur in February to May 2019. Feb. 2 Natalie buys two deluxe mixers on account from Kzinski Supply Co. for $1,200 ($600 each), FOB destination, terms n/30. 16 She sells one deluxe mixer for $1,150 cash. 25 She pays the amount owed to Kzinski. Mar. 2 She buys one deluxe…The Shirt Works sells a large variety of tee shirts and sweatshirts. Steve Hooper, the owner, is thinking of expanding his sales by hiring high school students, on a commission basis, to sell sweatshirts bearing the name and mascot of the local high school. These sweatshirts would have to be ordered from the manufacturer six weeks in advance, and they could not be returned because of the unique printing required. The sweatshirts would cost Hooper $22.00 each with a minimum order of 196 sweatshirts. Any additional sweatshirts would have to be ordered in increments of 196. Since Hooper's plan would not require any additional facilities, the only costs associated with the project would be the costs of the sweatshirts and the costs of the sales commissions. The selling price of the sweatshirts would be $44.00 each. Hooper would pay the students a commission of $5.00 for each shirt sold. Required: 1. What level of unit sales and dollar sales is needed to attain a target profit of $13,328?…Please provide answer in text (Without image)
- QUESTIONA friend of yours owns a kitchen manufacturing business in Limerick City called Blurred Kitchens Limited. The business employs twenty-six people and these comprise fully qualified carpenters, trainee carpenters, sales staff, delivery staff and administration staff. Your friend has recently received a job proposal from a large developer in Donegal to manufacture and fit kitchens for 25 houses in a housing estate in Donegal Town. The work will take eight weeks to fully complete. He has made out the following financial details for you to study and has asked you to write a formal consultancy report for which you will be financially rewarded.Raw materialsThe chief raw material that Blurred Kitchens Limited uses in all its kitchens is an Indonesian timber. This timber will cost GH₵4,600 per kitchen. There is already, in stock, enough timber to make and fit 5 kitchens. This stock of timber had originally cost GH₵3,280 per kitchen but has since increased in price. Supplementary…The Shirt Works sells a large variety of tee shirts and sweatshirts. Steve Hooper, the owner, is thinking of expanding his sales by hiring high school students, on a commission basis, to sell sweatshirts bearing the name and mascot of the local high school. These sweatshirts would have to be ordered from the manufacturer six weeks in advance, and they could not be returned because of the unique printing required. The sweatshirts would cost Hooper $24.00 each with a minimum order of 186 sweatshirts. Any additional sweatshirts would have to be ordered in increments of 186. Since Hooper's plan would not require any additional facilities, the only costs associated with the project would be the costs of the sweatshirts and the costs of the sales commissions. The selling price of the sweatshirts would be $48.00 each. Hooper would pay the students a commission of $6.00 for each shirt sold. Required: 1. What level of unit sales and dollar sales is needed to attain a target profit of $13,392?…The orthopods & the radiologistSuppose that there are ten orthopaedic surgeons that have their private consultation rooms in a shared facility. Currently each earns $20,000 per month and pays $10,000 per month towards the operating expenses of the joint facility.A world renowned radiologist has just moved to town and is deliberating over where to set-up his practice. If he goes it alone he will earn $300,000 per month and will have to incur a monthly operating cost of $100,000. On the other hand, the orthopods have calculated that if they were to accommodate him in their existing facility, their total operating costs would increase from $100,000 to $120,000 per month, but each individual practice will increase its revenues from $20,000 to $50,000 per month. Moreover, they have convinced the radiologist, that his practice will also increase revenues from patients by $20,000 per month.Assuming that the 10 orthopods have chosen a representative to negotiate with the radiologist (so…
- Pearl Windows manufactures and sells custom storm windows for three-season porches. Pearl also provides installation service for the windows. The installation process does not involve changes in the windows, so this service can be performed by other vendors. Pearl enters into the following contract on July 1, 2017, with a local homeowner. The customer purchases windows for a price of $2,420 and chooses Pearl to do the installation. Pearl charges the same price for the windows irrespective of whether it does the installation or not. The installation service is estimated to have a standalone selling price of $600. The customer pays Pearl $1,960 (which equals the standalone selling price of the windows, which have a cost of $1,120) upon delivery and the remaining balance upon installation of the windows. The windows are delivered on September 1, 2017, Pearl completes installation on October 15, 2017, and the customer pays the balance due. Prepare the journal entries for Pearl in 2017.On December 15, Judy wrote a letter to David stating that she would sell to David all of the mine-run coal that David might wish to buy during the next calendar year for use at David’s factory, delivered at the factory at a price of $30.00 per ton. David immediately replied by letter to Judy, stating that he accepted the offer, that he would purchase all of his mine-run coal from Judy, and that he would need two hundred tons of coal during the first week in January. During the months of January, February, and March, Judy delivered to David a total of seven hundred tons of coal, for all of which David made payment to Judy at the rate of $30.00 per ton. On April 10, David ordered two hundred tons of mine-run coal from Judy, who replied to David on April 11 that she could not supply David with any more coal except at a price of $38.00 per ton delivered. David thereafter purchased elsewhere at the market price, namely $38.00 per ton, all of his factory’s requirements of mine-run coal for…Please show work and explanations on how you got your answers.
