If you want to make a 15% profit from 250 shillings, what price do you place on your goods?
Q: provide correct answer of this General accounting question
A: The interest tax shield is the tax savings a company gains from deducting interest expenses from its…
Q: provide correct answer general accounting
A: Step 1: Definition of Average Collection PeriodAverage Collection period is an activity ratio linked…
Q: Overhead rate and the amount applied for February
A: Explanation of Predetermined Overhead Rate:The predetermined overhead rate is a rate used by…
Q: do fast answer of this General accounting question
A: Step 1: Define Amortization is the process of spreading the cost of an intangible asset over its…
Q: Use the information given below: 2018 2017 Income Statement Information: Sales revenue Cost of goods…
A: Divide the income by the sales revenue for 2018 and multiply the result by 100% to get the profit…
Q: Sales are on credit?
A: Days Sales in Inventory (DSI) measures the average number of days a company takes to sell its…
Q: Accurate Answer
A: Concept of Sales RevenueSales revenue refers to the total income generated from selling goods or…
Q: Please help me this question
A: Step 1: Introduction to accounting equationAccounting equation refers to that equation which…
Q: What was the percentage rate of return on plan aasets
A: Let's calculate the percentage rate of return on plan assets.To calculate the percentage rate of…
Q: Singh company plans to sell
A: Concept of Sales ForecastA sales forecast is an estimate of the number of products a company expects…
Q: General accounting question
A: Step 1: Definition of Break-Even and Target Sales CalculationThe number of meals required to achieve…
Q: Tyson & Co. values its goodwill at three years' purchase of the last four years' average profit.…
A: Explanation of Goodwill: Goodwill is an intangible asset that represents the premium value of a…
Q: Problem related general Accounting
A: Debt-Equity Ratio: This ratio measures the proportion of debt relative to equity. It is calculated…
Q: Value of ending inventory for the year?
A: Explanation of Variable Costing:Variable costing is a cost accounting method in which only variable…
Q: A firm has net working capital of $980, net fixed assets of $4,418, sales of $9,250, and current…
A: To determine how many dollars of sales are generated from every $1 in total assets, we use the Total…
Q: need help this questions
A: Step 1: Definition of Net IncomeNet income refers to the total revenue earned by a company after…
Q: Gross profit and operating expenses are
A: Explanation of Net Sales:Net sales refer to the total revenue generated from sales after deducting…
Q: answer plz
A: Step 1: Determine the Beginning EquityStep 2: Determine the Ending EquityStep 3: Use the Retained…
Q: How much lower would net income be if it used variable costing?
A: Explanation of Variable Costing: Variable costing is a method where only variable manufacturing…
Q: Which option should be selected and why?
A: Explanation of Make-or-Buy Decision:A make-or-buy decision is a strategic choice businesses make…
Q: Need help with this general accounting question
A: Calculate the Total Direct Costs Direct Materials Cost:Direct Materials=12,000 Direct Labor…
Q: What is the book value per share and earning per share accounting
A: Step 1: Definition of Market Value RatiosMarket value ratios are financial metrics that help…
Q: If sales are $420,000, variable costs are 72% of sales, and operating income is $40,000, what is the…
A: Approach to solving the question:Freeform Detailed explanation: Operating leverage can be calculated…
Q: Which option should be selected and why?
A: To determine whether MegaTech Solutions should make or buy the circuit boards, we need to compare…
Q: How many meals would have to be sold if fix costs declined by 20% ? Accounting
A: Step 1: Definition of Contribution Margin and Required Sales CalculationContribution Margin is the…
Q: how much is net working capital?
A: To solve these questions, we'll use the basic accounting equation and the formula for Net Working…
Q: Hi expert please help this question
A: Step 1: Definition of Credit Sales and Trade Credit CostCredit sales refer to sales where payment is…
Q: Used variable costing instead of absorption costing?
A: Explanation of Absorption Costing:Absorption costing is a costing method where all manufacturing…
Q: Please give me true answer this financial accounting question
A: Step 1: Define Goodwill in an AcquisitionGoodwill is an intangible asset that represents the excess…
Q: General Account
A: The correct answer is (d) leisure time is not accounted for in GDP because GDP measures the total…
Q: Need help with this financial accounting question
A: Beginning Plan Assets = 2,150 millionEnding Plan Assets = 2,410 millionBenefits Paid = 53…
Q: 4 PTS
A: Explanation of Variable Costs: Variable costs are expenses that change in proportion to the level of…
Q: A company shows the following balances
A: Explanation of Sales Revenue: Sales revenue, also known as gross sales, represents the total amount…
Q: Hello teacher please solve this questions
A: The problem requires the determination of the debt to equity ratio. The debt-to-equity (D/E) ratio…
Q: Sub: General Accounting
A: Concept of Net IncomeNet Income is the total profit a company earns after deducting all expenses,…
Q: Ans plz general accounting
A: Step 1: Definition of Predetermined Overhead RateThe predetermined overhead rate is used to apply…
Q: Provide correct answer this general accounting question
A: Step 1: Define Overhead ApplicationOverhead application is the process of allocating estimated…
Q: INVOLVE was incorporated as a not-for-profit organization on January 1, 2023. During the fiscal year…
A: The image contains a series of transactions for a not-for-profit organization named INVOLVE, and it…
Q: How many ribbon it must be sell to achhive this target profit
A: Explanation of Variable Cost:Variable cost refers to expenses that change directly with the level of…
Q: given answer of this Financial accounting question
A: Step 1: Define Total return measures the overall gain or loss from an investment, including both…
Q: If sales are $420,000, variable costs are 72% of sales, and operating income is $40,000, what is the…
A: Concept of Variable Costs:Variable costs are expenses that change directly in proportion to a…
Q: Tutor provide answer
A: Calculation of Annual Depreciation by using the straight-line methodAnnual Depreciation = (Cost of…
Q: Need help
A: Explanation of Receivables Turnover Ratio: This financial metric measures how efficiently a company…
Q: answer plz
A: Step 1: Definition of OverheadsOverheads are indirect expenses disbursed during an organization's…
Q: [The following information applies to the questions displayed below.] Raleigh Department Store uses…
A: Identify Inventory Layers and Apply Cost-to-Retail PercentagesStep 1:Calculate the Ending Inventory…
Q: Retirement Portfolio Mutual Fund Type Net Asset Value Shares Total Value…
A: The provided solution analyzes a retirement portfolio by categorizing mutual funds based on their…
Q: Tutor provide answer please
A: Explanation of Manufacturing Overhead:Manufacturing overhead includes all indirect costs associated…
Q: Please solve this problem
A: Step 1: Identify the highest and lowest activity levels From the table:Highest activity level (X):…
Q: Total stockholders's equity
A: Concept of Total Assets:Total assets represent the sum of all resources owned by a company that have…
Q: Hendrix Corporation had annual sales of $75 million, which occurred evenly throughout the 365 days…
A: Step 1: Formula Days Sales Outstanding = Average accounts receivable/Net credit sales x 365 days…
If you want to make a 15% profit from 250 shillings, what price do you place on your goods?
Step by step
Solved in 2 steps
- Suppose consumers will purchase q units of a product at a price of 100/q+7 dollars per unit. What is the minimum number of units that must be sold in order that sales revenue be greater than $9000?You are shopping and see an item that is normally priced for $900 on sale for 45% off. However, you have a coupon for an additional 25% off. (The cashier will apply your coupon to the sale price, not the normal price.) What is the final cost of the item (before sales tax) after the sale and coupon discounts? Ans: The final cost is $Pierre Martina is comparing the cost of credit to the cash price of an item. If Pierre makes a $150 down payment and pays $37 a month for 24 months, how much more will that amount be than the cash price of $752? (Input the amount as a positive value.)
- Dennis Ltd makes a single product, the Flair. Over the next period, period 1, Dennis Ltd plans to sell 4,200 Flairs. Revenue and cost data for period 1 are shown below: Sales (4,200 units) Materials Variable labour costs Variable overheads Fixed overheads Profit £ 483,000 140,000 170,000 82,700 86,000 4,300Gross profit of $1.25 on each sale ?Question 3: The shops branch out into record players. You are trying to determine the profit-maximising price for a turntable. Each turntable costs £150 to purchase from the supplier and currently you are charging £220, selling 200 a year. The PED for turntables is -3. What price should you charge?
- Suppose your company sells a 3 pack of lenses that attach to smart phones to improve the quality of pictures people take. You pay 29.95 for each 3 Pack and sell them for 59.95. What is hyour Cost of Goods Sold Perrcentage for htis item? Suppose you sell 8,000 of the 3 pack of lenses described in question 3 above in one year. Your cost on each 3 pack is 29.95 and you sell them for 59.95. If your operating expenses for the year total 144,080, what are your net income and net profit margin percentage?Suppose that the profit (in dollars) from the sale of Kisses and Kreams is given by P(x, y) = 10x + 6.9y-0.001x²-0.045y² where x is the number of pounds of Kisses and y is the number of pounds of Kreams. Find P/ay, and give the approximate rate of change of profit with respect to the number of pounds of Kreams that are sold if 100 pounds of Kisses and 14 pounds of Kreams are currently being sold. (Give an exact answer. Do not round.) What does this mean? If the number of pounds of Kisses is held constant and the number of pounds of Kreams is increased from 14 to 15, the profit will increase by approximately $ Need Help? Read It Watch itAssume that markup is based on selling price. Calculate the dollar markup and cost. Note: Round your answers to the nearest cent. Item Canon scanner Selling price $ 72 Markup percent 30 % Dollar markup Cost
- How many sweatshirts would Hooper need to sell to earn a target profit of $10,200? (Round your final answer to the nearest whole number.)If an item will be priced according to a 55 percent gross margin and the item costs $20, use that gross margin percentage to directly calculate the item’s priceAssume you want to purchase a used MacBook pro which is priced at AED 4,500. You are able to negotiate and purchase it for AED 4,300. However, you think that the macbook is worth AED 4,200. According to historical cost principle, what is the actual cost of the item?