Joe Company in 2013 had sales of $800,000. In 2014 sales were up 75%. Calculate the sales for 2014.O $140,000.$1,400,000,000.O $1,400.$1,400,000.Jamie earned $25,000 as an early childhood teacher in the Lindbergh School District. She was promoted to a sixth grade teaching position that included an 80% raise. What will she earn as anew sixth grade teacher?$45,000.$31,250.O $20,000.$65,000.DThe rate in the portion formula is equal to:O Portion divided by base.O Base x portion.O Portion divided by rate.O Base divided by portionO None of these.ot

Step 1:1)Sales in 2013 is 8,00,000In 2014 sales were up to 75% is 0.75Increase in sales is…

Answered: Joe Company in 2013 had sales of…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Party-Time T-Shirts sells T-shirts for parties at the local college. The company com plated the first year of operations, and the shareholders are generally pleased with operating results as shown by the following income statement: Bill Hildebrand, the controller, is considering how to expand the business. He proposes two ways to increase profits to $100,000 during 2018. a. Hildebrand believes he should advertise more heavily. He believes additional advertising costing 320,000 will increase net sales by 30% and leave administrative expense unchanged. Assume that Cost of Goods Sold will remain at the same percentage of net sales as in 2017, so if net sales increase in 2018, Cost of Goods Sold will increase proportionately. b. Hildebrand proposes selling higher-margin merchandise, such as party dresses, in addition to the existing product line. An importer can supply a minimum of 1,000 dresses for $40 each; Party-Time can mark these dresses up 100% and sell them for $80. Hildebrand…
James Shaw owns several shaved ice stands that operate in the summer along the Outer Banks of North Carolina. His contribution margin ratio is 60%. If James increases his sales revenue by $25,000 without any increase in fixed costs, by how much will his operating income increase? $25,000 $15,000 $10,000 $5,000
Academia Press produces textbooks for high school accounting courses. The company recently hired a new editor, Billie Green, to handle production and sales of books for an introductory accounting course. Billie's compensation depends on the gross margin associated with sales of this book. Billie needs to decide how many copies of the book to produce. The following information is available for the fall semester 2020: (Click the icon to view the information.) Billie has decided to produce either 22,000, 27,500, or 29,700 books. Read the requirements. Requirement 1. Calculate expected gross margin if Billie produces 22,000, 27,500, or 29,700 books. (Make sure you include the production-volume variance as part of cost of goods sold.) Calculate the gross margin for each level of production. Begin with 22,000 books, then 27,500 books, and lastly 29,700 books. (Enter a "0" for any zero balance accounts. If an account does not have a variance, do not select a label.) 22,000 books Revenues Cost…
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An entertainment company has a net income goal of $19,000/Month. Sales are currently $600,000 annually and fixed costs run $95,000 each year. The company has just launched a new brand campaign that is expected to cost $9,000 monthly and bring in an additional 20% in annual sales. After the launch of the brand campaign, what contribution margin per cent is required to hit the company's income goal? A) 77% B) 40% C) 65% D) 60%
Julianna Abdallah owns and operates FirstCakes, a bakery that creates personalized birthday cakes for a child's first birthday. The cakes, which sell for $40 and feature an edible picture of the child, are shipped throughout the country. A typical month's results are as follows: Sales revenue $840,000 Variable expenses 630,000 Contribution margin 210,000 Fixed expenses 112,000 Operating income $ 98,000 a.What is FirstCakes' contribution margin per unit? b.What is FirstCakes' monthly breakeven point in units? c.What is FirstCakes' contribution margin ratio? d.What is FirstCakes' monthly breakeven point in sales dollars?
S. Liang Inc. is a new concept on-line store that has proven to be very popular in the past year. Mrs. Liang and her team worked very hard in the past year in developing the brand and she indicated that she spent approximately $5,000,000 in a large marketing and customer service initiative. In an article published in December 2016, the business journal has indicated that their brand name is estimated to be worth $12,000,000 based on an analysis they performed. On their balance sheet for December 31, 2016, Liang Inc should record: a) An intangible asset worth $5,000,000 b) An intangible asset worth $7,000,000 c) An intangible asset worth $12,000,000 d) No intangible asset should be recorded at December 31, 2016.
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