Kingston Enterprises sells a single product. Its annual revenue is $1,400,000, and profit is $75,000. Fixed costs amount to $320,000. What is its operating leverage?
Q: Please need answer the financial accounting question
A: Step 1: Define Opening Cash BalanceThe Opening Cash Balance refers to the amount of cash a business…
Q: Use information. General accounting
A: Step 1: Definition of Cost of Goods Sold (COGS)Cost of Goods Sold (COGS) represents the direct costs…
Q: Louisa Pharmaceutical Company is a maker of drugs for high blood pressure and uses a process costing…
A: Calculation of Total Units to Account ForTotal Units = Beginning WIP + Transferred-in = 1,025 +…
Q: Provide answer
A: To determine the fair price per share and the number of additional shares Sin must sell, follow…
Q: 4 PTS
A: To determine how much the firm should invest to augment its capital stock, we use the…
Q: Need help this question
A: Formula: Required Return = Annual Dividend / Current Stock Price Step 1. Identify the Given…
Q: help this answer
A: To determine the weighted average of the company's debt, we calculate the proportion of debt…
Q: What is the profit margin ratio of this financial accounting question?
A: Step 1: Define Profit Margin RatioThe Profit Margin Ratio measures a company's ability to generate…
Q: A company reports total liabilities of $2,100 and stockholders' equity of $1,600. What is the amount…
A: Explanation of Total Assets:Total assets represent all the economic resources owned by a company…
Q: Parker Corporation has the following financial data: • Receivables $80,000 = . Equipment $225,000 =…
A: Step 1: Definition of Owner's EquityOwner's equity represents the financial stake that the owner or…
Q: When iam uploading it getting blurr comment i will write values. Don't answer with incorrect data
A: Question 1: Charlotte Metals - Cost of Goods Sold (COGS)Given Data:Beginning Inventory =…
Q: ?!
A: Explanation of Return on Assets (ROA): Return on Assets is a financial ratio that indicates how…
Q: Based on the profit margins (returns on sales), which division is superior?
A: To determine which division is superior based on profit margin (returns on sales), we use the…
Q: HELP
A: To determine the impairment loss on goodwill, we follow these steps:Determine the Carrying Amount of…
Q: Titan Manufacturing has total maintenance department expenses of $35,600. The maintenance costs are…
A:
Q: Need assi
A: 1. Understand the TerminologyDividend per share (DPS): The amount paid out to shareholders for each…
Q: What is the net sales revenue of this financial accounting question?
A: Net Sales Revenue is calculated using the following formula:Net Sales Revenue=Sales Revenue−Sales…
Q: Problem related financial Accounting 13
A: Concept of Basic Direct Labor RateThe basic direct labor rate is the hourly wage paid to workers…
Q: Need help
A: Explanation of Work in Process Inventory:Work in Process (WIP) inventory consists of units that have…
Q: Calculate the number of units sold in 2023? General accounting
A: Step 1: Definition of Break-Even and Target Profit AnalysisBreak-even and target profit analysis…
Q: Provide correct answer general accounting question
A: Step 1: Define After-Tax Return on Preferred StockThe after-tax return on preferred stock is the net…
Q: Accounting question
A: Step 1: Define Billed Amount to Customers on AccountThe billed amount to customers on account refers…
Q: Nick and Partners, a law firm, worked on a total of 1,000 cases this month, 800 of which were…
A: Step 1: DefinitionsDefinition of the Weighted Average MethodThe Weighted Average Method is a cost…
Q: Evergreen Corporation (calendar-year-end) acquired the following assets during the current year:…
A: Explanation:Machinery (7-year):Placed in October (Q4). Mid-quarter convention applies.Year 1 rate:…
Q: Hii expert please provide answer general accounting question
A: Step 1: Define NOPAT (Net Operating Profit After Taxes)NOPAT represents the company's operating…
Q: What is the return on common stockholders equity for these financial accounting question?
A: Step 1: Define Return on Common Stockholders' Equity (ROE)Return on Equity (ROE) measures a…
Q: Identify and discuss at least 7 problems with the Jamaican tax system and then provide…
A: Numerous issues affect the Jamaican tax system which makes it difficult for revenue generation while…
Q: Get correct answer with accounting
A: To determine Avalon Inc.'s share price without the increase in leverage, we use the formula:Share…
Q: Given step by step explanation general accounting question
A: Step 1: Define Cash Flows from Operating Activities (CFO)Cash flows from operating activities (CFO)…
Q: Determine the net profit under variable costing on these financial accounting question
A: Step 1: Define Net Profit under Variable CostingNet profit under variable costing differs from…
Q: Wanting to finalize a sale before year-end, on December 29, WR Outfitters sold to Bob a warehouse…
A: To calculate for the cost basis, the total cost should be allocated between the warehouse and land…
Q: NO WRONG ANSWER
A: Actual Quantity = 22 DecksBudgeted Quantity = 18 decksBudgeted Price = $15,750 Calculation of Sales…
Q: AMC Enterprises is preparing its cash budget for October. The budgeted beginning cash balance is…
A: To determine how much AMC Enterprises should borrow, let's analyze the cash budget: Given…
Q: determine the total martials variance.
A: Step 1: Definition of Total Materials VarianceTotal materials variance measures the difference…
Q: Give solution correctly no chatgpt
A: 1. Contribution Margin per Machine HourSelling Price per Unit = $55.00Variable Cost per Unit =…
Q: What is the correct option this general accounting question?
A: Step 1: Information givenTotal Asset Turnover = 1.6Net Profit Margin = 5%Debt Ratio = 40% or 0.4 (in…
Q: provide correct answer
A: Approach to solving the questTo calculate the operating leverage, we use the formula: Degree of…
Q: Compute the fixed overhead volume variance
A: Explanation of Fixed Overhead Rate:The fixed overhead rate is the predetermined cost assigned to…
Q: What should be the balance in accounts receivable?
A: Explanation of Gross Accounts Receivable:Gross accounts receivable represents the total amount of…
Q: A business purchased a machine that had a total cost of $180,000 and a residual value of $15,000.…
A: Explanation of Units-of-Production Method:The Units-of-Production Method is a depreciation technique…
Q: Accounting answer
A: Step 1: Definition of ROA and ROEReturn on Assets (ROA) measures how efficiently a company utilizes…
Q: can you help me of this general accounting question ?
A: Step 1: Define Materials Cost and Labor CostMaterials Cost refers to the cost of raw materials used…
Q: Subject financial accounting
A: Explanation of Debt-to-Equity Ratio:The Debt-to-Equity (D/E) Ratio measures a company's financial…
Q: provide correct answer of this General accounting question
A: Here's how to solve this problem step-by-step, along with explanations and formulas:Understanding…
Q: Solve fastly
A: Answer 1: Calculation of Cost of Goods Sold (COGS) The formula for Cost of Goods Sold (COGS) is:…
Q: general accounting question
A: From the given information: Stock Price (P) = $80 Earnings Per Share (EPS) = $10 Expected Growth…
Q: What is the amount of cash Anderson would receive from the sale?
A: Given:Face Value of Bonds = $2,000,000Issue Price = 102% of face valueFormula:Cash Received=Issue…
Q: ???
A: The Price-Earnings (P/E) ratio is calculated using the formula:P/E Ratio = Stock Price ÷ Earnings…
Q: Hi expert please given correct answer with accounting question
A: To compute the total return percentage, use the formula: Total Return(%)=(Initial PriceCapital…
Q: Solve this financial accounting problem
A: Explanation of Revenue:Revenue is the total amount of money a company earns from its business…
Provide answer general accounting question
Step by step
Solved in 2 steps
- Gimpy Corp. has variable costs that are 75% of sales, current sales of $800,000, and fixed costs of $150,000. What is the required sales amount to achieve a $85,000 net income? AnswerA certain firm has the capacity to produce 650,000 units of product per year. At present, it is operating at 62% capacity. The firm’s annual income is P4,160,000.00. Annual fixed costs are P1,920,000.00 and the variable costs are equal to P3.56 per unit of product. What volume of sales does the firm breakeven?A. P3,354,680 B. P3,534,880 C. P3,155,690 D. P3,254,680Gimpy Corp. has variable costs that are 75% of sales, current sales of $800,000, and fixed costs of $150,000. What is the required sales amount to achieve a $85,000 net income?
- Suppose ABC Corp’s break-even point is revenues of $1,100,000. Fixed costs are $660,000 a. Calculate the contribution margin percentage. b. Calculate the selling price if variable costs are $16 per unit. c. Suppose 75 000 units are sold. Calculate the profit earned. d. Will the company be profitable if able to sell 30,000 units? Explain. c. What should the company do to increase its profit above break-even point?What will the pretax income equal if sales are $400,000 on these financial accounting question?Future Corporation has a single product; the product selling price is $100 and variable costs are $60. The company’s fixed expenses are $10,000. What is the company’s break-even point in sales dollars?
- Majestic Collectibles can produce keepsakes that will be sold for $75 each. Non-depreciation fixed costs are $1,200 per year, and variable costs are $55 per unit. What is the degree of operating leverage of Majestic Collectibles when sales are $8,250? Accurate answerGalactica Company has fixed costs of P100,000 and breakeven sales of P800,000. Based on this relationship, what is its projected profit at P1,200,000 sales?A firm has fixed operating costs of $100,000 and variable costs of$4 per unit. If it sells the product for $6 per unit, what is the breakeven quantity? (50,000)