If the average cost of printing a flyer is 4 pence, how many were printed in the last Financial Year? Cost of Promotional Activities in Last Financial Year Total cost over year: E80,000 9% O 200,000 15% 25% 18% 300,000 33% O 400,000 Stationery O Leaflets Brochures I Advertising Flyers O 600,000 O 900,000

If the average cost of printing a flyer is 4 pence, how many were printed in the last Financial Year? Cost of Promotional Activities in Last Financial Year Total cost over year: E80,000 9% O 200,000 15% 25% 18% 300,000 33% O 400,000 Stationery O Leaflets Brochures I Advertising Flyers O 600,000 O 900,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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A Manufacturer made one product Tiles. Sales for the period consists of the following information: Month $ November 100,000 December 350,000 January 300,000 February 250,000 March 300,000 Balance brought down was $40,000 Purchases of Raw Material: January $ 60,000; February 55,000; and March 60,000. Purchase equipment $10,000 to be paid for in February; Salary for each month $10,000; Electricity $4000 per month; Rent $12,000 each, Depreciation $5000. Income tax for the year paid in March $3000. All Sales are done on credit and collection are collected every quarter. Collection schedule as follows; 60 percent in the month of sale 30 percent in the month following sale and 20 percent two months following sale. You are required to prepare B. the Cash Budget for the first Quarter 2021
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Sheridan Company issued 2,850 shares of common stock.Prepare the entry for the issuance under the following assumptions. (a) The stock had a par value of $5.25 per share and was issued for a total of $51,000. (b) The stock had a stated value of $5.25 per share and was issued for a total of $51,000. (c) The stock had no par or stated value and was issued for a total of $51,000. (d) The stock had a par value of $5.25 per share and was issued to attorneys for services during incorporation valued at $51,000. (e) The stock had a par value of $5.25 per share and was issued for land worth $51,000.
a company makes toys. In the month of July, they make 220 toys, earning a sales revenue of £14,300. The variable production costs were £30 per dress and the fixed costs for the period were £1,100. What was the contribution earned for one toy? a. £30 b. £35 c. £60 d. £65
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For February, sales revenue is $579,000, sales commissions are 7% of sales, the sales manager's salary is $80,300, advertising expenses are $87,600, shipping expenses total 3% of sales, and miscellaneous selling expenses are $2,000 plus ½ of 1% of sales. Total selling expenses for the month of February are a. $230,695 b. $227,800 c. $169,900 O d. $210,430
For February, sales revenue is $610,000, sales commissions are 7% of sales, the sales manager's salary is $91,600, advertising expenses are $92,700, shipping expenses total 3% of sale, and miscellaneous selling expenses are $2,200 plus 1/2 of 1% of sales. Total selling expenses for the month of February are a.$247,500 b.$250,550 c.$186,500 d.$229,200
The monthly electricity bill for Company XYZ comprises of two components: a flat subscription fee of $450 per month and constant rate per kilo watt of $18. Assume that Company XYZ consumed 500 kilo watts during the month of December, how much the total electricity bill, in ($) value, for the month of December would be? Select one: O a. 950 O b. 500 O c. 9,450 O d. 9,000 O e. None of the given answers
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Question Completion Status: QUESTION 7 Using the following information, calculate the monthly net profit Sales for the month Food costs 73,904 25% of Sales Labor costs 45% of Sales Rent and Insurance $1500/month Supplies $2217/month Other expenses $3791/month OA. $51,733 O B. $22,171 O C. $7508 OD. $14,663 QUESTION 8 Calculate the profit margin from the last problem O A. 17.5% OB. 19.84% OC. 18.29% Click Save and Submit to save and submit. Click Save All Answers to save all answers OD.22.22%
2. EOQ / Production / Discounts A machine company uses 3000 brackets during the course of a year. The brackets are bought from an external supplier at a price of 50 kr. each and will be received the same day as the order is placed. The average ordering cost is 187.50 kr. per order. The company uses an interest rate of 18% to account for the cost of capital, the cost of storage and handling is estimated to 4% and insurance to 3% of the value. You can assume that there are 250 working days in one year. a. Determine the economic order quantity for the brackets. b. Given the optimal order size from a, calculate the following: i Cycle time. i. Average inventory level. i. Annual inventory cost. iv. Annual ordering cost. The company is able to produce the brackets themselves at a rate of 60 per day. The fixed cost of setting up for production run is 600 kr. You can also assume that the variable cost of production is equal to the price when buying from an external supplier. c. What is the…
Selling price per unit $ 100Variable expenses per unit $ 40Fixed expenses per month $ 60,000 The break-even point volume of units is: a. 0 b. 360 c. 720 d. 1000