If the mass-produced guitar sells 100,000 units annually at $175 per guitar, what is the total revenue?Multiple Choice$1,750,000$175,000$6,175,000$17,500,000

Sales revenue is the amount of income generated by a company from the sale of goods to customers…

Answered: If the mass-produced guitar sells…

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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Give typing answer with explanation and conclusion
Stone Manufacturing sells a marble slab for $1.500 Fixed costs are 130,000, while the variable costs are $500 per wish. The company currently plans to sell 100 sise this month. What is the margin of safety assuming 75 slabs are actually sold? (Round a unit calculations up to the rarest whole nutter) A $30,000 B. $102,000 C. $64,500 D. $47,000 Only typing answer Please explain step by step
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
T.
Given a profit margin = 10%, ROE = 20%, D/E = 1.5, and assets = $200, calculate sales. Multiple Choice O O $10 O $160 O $250 $640 O $1,000
Assume the following information: Amount Per Unit Sales $ 300,000 $ 40 Variable expenses 120,000 16 Contribution margin 180,000 $ 24 Fixed expenses 60,000 Net operating income $ 120,000 If the company decides to pay a sales commission of 2.5% for each unit sold above the break-even point, what net operating income will it earn if it sells 4,600 units? Multiple Choice $50,800 $45,800 $50,400 $48,300
Assume the following information: Amount Per Unit Sales $ 600,000 $ 40 Contribution margin $ 360,000 $ 24 Net operating income $ 240,000 If the selling price per unit increases by 8% and unit sales drop by 6%, then the best of estimate of the new net operating income is: Multiple Choice $263,520. $243,520. $253,520. $233,520.
Jamestown Industries sells $48,000 in gift cards and expects 20% breakage. Cost of goods sold is 25% of each gift card. When the expected gift cards are redeemed, how much cost of goods sold will Jamestown record? O $12,000 $24,000 O $10,000 O $9,600
1 Assume that Palmer Executive Pens uses 1,440,000 gallons of ink each year. Further, assume that Palmer can order the ink at a cost of $2 per gallon plus fixed ordering costs of $100 per order. The firm's carrying cost is 20 percent of the inventory value, at cost. What is the EOQ? * 21,456 13,563 26,833 43,987 30,040
Q4: Company XYZ has a choice of two machines to purchase. They both make the same product which sells for 20$. Machine A has FC of 8000$ and per unit cost of 6$. Machine B has FC of 20000$ and per .unit cost of 2$. Under what conditions would you select machine A
4 Suppose the following table applies to the manufacture of wooden desks: Agent Purchase Price Sale Price Value Added Tax Paid (VAT=30%) Logger $0 $55 _________ _________ Manufacturer $55 $150 _________ _________ Retailer $150 $350 __________ _________ a. Complete the table assuming a value-added tax of 30% (subtraction method). What is the total tax revenue? b. How does this revenue compare to a sales tax of 30% levied only on the retailer? Which of the two tax collection methods is easier to avoid? Why?

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If the mass-produced guitar sells 100,000 units annually at $175 per guitar, what is the total revenue? Multiple Choice O O $1,750,000 $175,000 $6,175,000 $17,500,000