Lily company sells 30000 units at $20 each, which exactly covers fixed costs of $150000. What is the percentage contribution margin? (a) 20% (b) 25% (c) 30% (d) 15%
Q: Provide answer
A: Risk-pattern analysis is the process of relating the various risks to the various risks in a system…
Q: Financial accounting question
A: Step 1: Comprehensive IncomeComprehensive income combines net income and other unrealized gains from…
Q: Which basis applies to accounting for dividend-in-kind distributions?
A: Explanation of Dividend-in-Kind:A dividend-in-kind refers to a distribution made by a corporation to…
Q: I won't this answer general Accounting question
A: Step 1:The basic formula to calculate the return on assets is as follows: Return on assets = Net…
Q: Eusey company requires sales solution this accounting questions
A: Step 1: Define Variable CostVariable cost refers to that portion of total cost of a company that…
Q: What is Negi' labor rate variance for July?
A: Step 1:First calculate the actual rate: Actual rate = Actual direct labor cost / Actual hours…
Q: Need help with this question solution general accounting
A: Step 1: Define Net IncomeNet income is also known as accounting income, which is reported in the…
Q: (93.) Financial Accounting: Aastha's Enterprises spent $2,400 to purchase equipment three years ago.…
A: Explanation of Book Value: Book value represents the value of an asset as recorded on the balance…
Q: Please given answer general accounting
A: Step 1: Define Income TaxThe tax levied by the government of an economy can be broadly bifurcated…
Q: Hii expert please provide correct answer this general accounting question
A: Step 1: Define Gain or Loss on the Sale of an AssetLong-term assets are generally carried on the…
Q: Provide this question solution general accounting
A: Step 1: Define Direct Materials Quantity VarianceThe direct materials quantity variance is incurred…
Q: Hi expert please give me answer general accounting
A: Step 1: Define AssetsThe things that a business uses to make money and that legally belong to it are…
Q: Cost Account Subject
A: To determine the ending inventory, we use the cost of goods sold (COGS) formula:…
Q: Cleckley corporation operating leverage solve this accounting questions
A: Step 1: Define Operating LeverageOperating leverage calculates how a companies operating income will…
Q: Do fast answer of this general accounting question
A: To determine the Cost of Merchandise Sold (COMS) for June, we use the following formula:Cost of…
Q: Please provide this general accounting question
A: Step 1: Define Manufacturing CostsManufacturing costs include all the costs that might be direct or…
Q: What is the convertible bond's conversion value for this financial accounting question?
A: Step 1: Define Convertible BondsA convertible bond is a debenture that can be exchanged for several…
Q: Find the correct answer for this financial accounting question
A: Step 1: Define Cost of DebtRaising debt always comes with a cost, which is the interest payment on…
Q: Need Solution
A: To determine the effect on the company's total net operating income of accepting the special order,…
Q: Hello tutor please given answer general accounting not use aii
A: Step 1: Define StockStocks are a type of securities traded in the securities exchange market. They…
Q: General accounting
A: Step 1: Define Price-Earnings RatioThe valuation of a share of a given firm can be ascertained by…
Q: Suppose you purchased one share... Please answer the financial accounting question
A: Step 1: Given Value for Calculation Purchase Price per share = p = $53.37Dividend Per share = d =…
Q: Please solve these financial accounting question
A: Step 1: Define Times Interest Earned RatioThe times interest earned (TIE) ratio measures a company's…
Q: I need this question general accounting
A: Step 1: Define Sector 1231Section 1231 of the US IRC applies to the real property used by the…
Q: Buerhrle Cvp income statement included solve this accounting questions
A: Step 1:Contribution margin per unit is difference between sales price and variable cost per…
Q: None
A: The relative sales value method is the most commonly used and preferred method under accounting…
Q: I want to correct answer accounting questions
A: Step 1: Define Recognized GainRecognized gain is a scenario when the asset is sold at an appreciated…
Q: Financial accounting
A: Step 1: Define Du Pont AnalysisDu Pont model aids in assessing return equity. To obtain a clear…
Q: A company's normal selling price for its product is $30 per unit. However, due to market…
A: Lower of Cost or Market (LCM)The lower of cost or market (LCM) method requires inventory to be…
Q: Larkspur Service Corporation has 820,000 authorized shares of $20 par value common stock. As of June…
A: The cash dividends require journal entries on the declaration and payment dates. There is no need to…
Q: Please give me answer general accounting question
A: Step 1: Define InventoryInventory means the materials or goods a business keeps to sell, manufacture…
Q: I need this question answer general accounting
A: Step 1: Define Trade CreditsTrade credits are the amount a business owes to its suppliers, and is a…
Q: What is the coupon rate on this financial accounting question?
A: Step 1: Define Coupon PaymentA coupon payment is similar to a fixed-interest income and shares the…
Q: Not use ai and chatgpt only experts answer excepted on these general accounting question
A: Step 1: Define Return on InvestmentReturn on investment is a financial ratio that indicates the…
Q: The white flour company mills solve this general accounting question
A: Step 1: Calculation of Beginning equivalent unitsBeginning equivalent units = Units × Degree of…
Q: Financial Account . profit tax for the year??
A: Step 1: Understand the Branch Profits TaxThe U.S. branch profits tax applies to foreign corporations…
Q: Sub. Cost Account
A: 1) First, identify what we're asked to find: Taxes paid in 20082) Given information: Tax rate =…
Q: Please given correct option general accounting
A: Step 1: Define High-Low MethodThe high-low method is one of the several methods used for bifurcating…
Q: Hy expert please provide correct answer general accounting
A: Step 1: Define Days Sales OutstandingThe days sales outstanding is a financial ratio that…
Q: Get correct solution with explanation for this financial accounting question
A: Step 1: Definition of Price-Sales Ratio and Stock PriceThe price-sales ratio (P/S ratio) relates the…
Q: Give true answer the general accounting question not use ai
A: Step 1: Define Activity RatiosThe activity ratios are used to ascertain the efficiency of a firm.…
Q: Please answer do fast and step by step calculation with explanation for this general accounting…
A: Step 1: Define Accumulated DepreciationAccumulated depreciation refers to the total depreciation…
Q: What is ROA?
A: Explanation of Return on Assets (ROA): Return on Assets is a profitability ratio that measures how…
Q: What is the capital gain on your share investment for these general accounting question?
A: Step 1: Definition of Capital GainThe capital gain is the profit earned from the sale or increase in…
Q: Please give me answer this general accounting question
A: Step 1: Define Gross ProfitGross Profit is the difference between net sales revenue and the cost of…
Q: Please tutor see the Problem
A: Explanation of Gross Margin: Gross margin represents the difference between sales revenue and the…
Q: PLEASE HELPPPPP
A: 1. Franchise: Initial cost = $10,000 (down payment) + $32,400 (PV of future payments) = $42,400…
Q: I need this question general accounting
A: Step 1: Define Sales RevenueSales revenue is the amount paid to the company by the buyers for the…
Q: Please provide answer this accounting question not use chatgpt and ai
A: Step 1: Determine Total Units Purchased and Total CostJanuary 31 Purchase:Units = 100Cost per unit =…
Q: General accounting
A: Cash paid$8,000Add:Transportation cost$600Add:Installation fees$500 Total cost$9,100 Here, annual…
I won't this general Accounting question solution
Step by step
Solved in 2 steps
- Schylar Pharmaceuticals, Inc., plans to sell 130,000 units of antibiotic at an average price of 22 each in the coming year. Total variable costs equal 1,086,800. Total fixed costs equal 8,000,000. (Round all ratios to four significant digits, and round all dollar amounts to the nearest dollar.) Required: 1. What is the contribution margin per unit? What is the contribution margin ratio? 2. Calculate the sales revenue needed to break even. 3. Calculate the sales revenue needed to achieve a target profit of 245,000. 4. What if the average price per unit increased to 23.50? Recalculate: a. Contribution margin per unit b. Contribution margin ratio (rounded to four decimal places) c. Sales revenue needed to break even d. Sales revenue needed to achieve a target profit of 245,000A company sells its product at P18 per unit. Variable costs are P12 per unit and fixed costs are 150,000 per annum. The company wants to realize a profit of P60,000 during the year. What should be the sales revenue?The Blue Co. will produce 25,000 units of product next year. Variable costs ratio is 70%, while fixed costs will total P85,000. The price of each unit to be sold by the firm to achieve an EBIT of P60,000 is A P19.33 B P17.33 C P33.33 D P3.33
- The fixed cost at Harley motors are $1M annually. The main product has a revenue of $9.90 per unit and $4.50 variable cost What is the annual profit (or loss) if 150,000 units are sold?Darigold, Inc. sells Product M for P5 per unit. The fixed cost is P210,000 and the variable cost is 60% of the selling price. What would be the amount of sales if Darigold is to realize a profit of 10% of sales?If selling price per unit is $30, variable costs per unit are $20, total fixed costs are $10,000, the tax rate is 30%, and the company sells 5,000 units, calculate the net income.
- Jessa Company has a 40% contribution margin percentage and fixed costs of P50,000. To earn a 15% return on sales, Jessa Co. must have sales of?A company makes a single product that it sells for P16 per unit. Fixed costs are P76,800 per month and the product has a contribution margin ratio of 40%. If the company's actual sales are P240,000, its margin of safety is PA company has total fixed costs of 250,000 per annum. Its variable costs are 60% of sales and the company wants to earn a net income of 90,000. Selling price is P8.00. How many units must be sold?
- A company’s contribution margin per unit is $25. If the company increases its activity level from 200 units to 350 units, how much will its total contribution margin increase?A. $1,250B. $3,750C. $5,000D. $8,750The Blue Co. will produce 25,000 units of product next year. Variable costs ratio is 70%, while fixed costs will total P85,000. The price of each unit to be sold by the firm to achieve an EBIT of P60,000 is *At a sales volume level of 2,250 units, National Co.’s contribution margin is one and one-half of the fixed costs of P36,000. Contribution margin is 30%. How much peso sales should National Co. sell to earn 15% of sales?
