•COGS = $390,000•GM = 60%•Store size: 20 ft x 25 ft.•2,500 transactions•5,000 units sold•Salaries 97,500•Occupancy is $107,250Q. How many employees if sales peremployee are $6,500?

COGS = $3,90,000 Gross Margin = 60% Gross Margin = Sales - COGS 60% = Sales -$3,90,000 Sales =…

Answered: Q. How many employees if sales per…

Business

Accounting

Q. How many employees if sales per employee are $6,500?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Related questions

Q: If a company has fixed costs of $6.000 per month and their product that sells for $200 has a…

A: Formula: Break even sales dollars = Fixed cost / contribution margin ratio

Q: If the mark-up based on cost is 50%, what is the mark-up based on sales?

A: For any organization the cost and selling price of the product has to be well defined in order to…

Q: . Ruffa Company earns an average contribution margin ratio of 40% on its sales. The store manager…

A: Cost-volume profit analysis is a tool that helps in decision making by establishing a relationship…

Q: 6) Finance XYZ is a retailer and sells 179,000 units per year. It purchases from a single supplier.…

A: Economic order quantity: An instrument called an EOQ is used to calculate the quantity and…

Q: If , gross profit = Rs 30,000 GP margin = 20% of sales. What will be the value of cost of goods…

A: The correct option is B. Rs. 120000

Q: What is the total gross pay for a salesperson on a straight commission of 4.7% if his or her sales…

A: Total gross pay is the net earning of the salesperson who is involved in increasing the sales volume…

Q: Selling price per unit =$50. Variable expense ratio =40%. Fixed expenses per month =$30,000. The…

A: The break even sales are the sales where business earns no profit no loss during the period.

Q: A seller sells his product on 14% profit of the market price. If the selling price is ₱3,420 then…

A: A seller generally charges a certain percentage of profits as a percentage of cost or market price…

Q: If a health club has turnover of $500,000 and total costs of $375,000, what is its profit margin…

A: Solution- Formula- Profit Margin= Revenue-Cost/Revenue *100 =…

Q: Dennis Ltd makes a single product, the Flair. Over the next period, period 1, Dennis Ltd plans to…

A: Contribution margin takes into consideration only variable expenses while profit takes into…

Q: nkt.3 A company sells Yoohoo for $6 a can with unit sales of 10,000. If cost of goods is $40,000,…

A: The objective of the question is to calculate the total sales of the company.

Q: Calculate how many units would need to be sold to make £7,500 p Calculate how much profit would be…

A: Marginal Costing :— Marginal Costing is the Cost Management Technique. Under marginal Costing,…

Q: If a company has a net margin of 15%, gross margin of 35% and costs of sale of £25,000, then what is…

A: Answer) Calculation of Sales Revenue Sales Revenue = Cost of Sales/ (100% - Gross Margin) Sales…

Q: 6. BREAKEVEN FOR SINGLE PROJECT Given: FC = P30,000 per month v = P25 per unit r= P35 per unit…

A: The break even sales are the sales where business earns no profit or loss during the period.

Q: If the gross profit margin is 20% and the cost of goods sold is $120,000, what is the amount of…

A: Gross profit is the profit which a business has earned when the cost of goods sold is deducted from…

Q: QUESTION 2 Companies can spend 40% or more of their revenue with suppliers True O False

A: In today's intricate web of global commerce, businesses rely heavily on their suppliers to provide…

Q: An accountant receives a base salary of $1500 a month plus a 17. ACCOUNTANT SALARY commission that…

A: Following are the answers to the given questions

Q: 49) Selling price is $60/unit, VC are $45/unit, fixed costs are $300,000, what is your breakeven…

A: Formula: Contribution margin = Selling price - variable cost Deduction of variable cost from selling…

Q: The company has these parties of goods on hand: 10x1.000 TL; 20x900 TL; 10x800 TL; 10x700 TL. If 35…

A: LIFO method of inventory, adopt the product purchased lastly are sold first.

Q: Many Happy Returns, Inc., prepares income tax returns. It prepares 50,000 returns per year. Selling…

A: Contribution means the difference between the selling price and variable cost . Fixed cost when…

Q: Where do you get 1.10 the one you multiple by 30% of gross profit

A: Lets understand the basics.A fundamental financial indicator known as gross profit, also known as…

Q: 43) Determine the break-even point of sales if: Sales is $100,000, Variable cost is $ 50,000 and…

A: From the given information, Contribution margin percentage = Sales-Variable…

Q: For doing a certain job, you are offered 1¢ the first day, 3¢ the second day, 9¢ the third day, and…

A: In the given case, the amount of cents increase on each day has a pattern of increasing by a factor…

Q: Farhan Corporation fixed monthly fixed expenses are Rs. 370,000 and its contribution margin ratio is…

A: Given, fixed expense=3,70,000 Contribution margin ratio= 55%

Q: what is the break even sales dollars if the fixed expenses are 7,000 and the contribution ratio is…

A: Break Even Sales: It is the level of sales achieved by the business to earn zero profit. Therefore,…

Q: A firm in a perfectly competitive industry has a typical cost structure. The normal rate of profit…

A: Solution:- a)Calculation of rate of return as follows:- Given data This firm is earning $15 on every…

Q: nkt.3

A: The objective of the question is to calculate the total sales of the company.

Q: Assume that sales are predicted to be $15,000, the expected contribution margin is $6,000, and a net…

A: Break even point: It is calculated by dividing the fixed cost by the contribution margin ratio of…

Q: Examine the following income statement. What is the value of NMC? (Round your answer to the nearest…

A: After deducting variable marketing expenses, the profitability of a product, product line, or brand…

Q: Q3. Brainteaser Company Ltd has existing sales of INR 1,400 lakhs. Its breakeven sales amount to 60%…

A: The Breakeven sales is that level of sales where the company does not incur any losses but also does…

Q: Let R=700 and R_I=400 and let p=1/3. What is the % gain by offering two contracts rather than one? O…

A: Gain in finance denotes the increase in value or profit derived from investments, business…

Q: For letter C- If I have a profit of $2,500 and total costs of $1,500- wouldn't my revenue be only…

A: Revenue is the total amount which has been earned by the entity for a particular period of time.…

Q: A mark up of 15% on sales is equivalent to what markup on cost?

A: Suppose Sales = $100 Markup = 15% of Sales Markup = $15 So the Cost will be $85

Q: Q15 Under Present value future earnings model, how to compute the value of human resource if Mr.…

A: The present value of the future earnings model refers to the model that helps to compute the value…

Q: 8 The company recorded $5,000 sales with 60% contribution margin ratio in 2019. According to the…

A: Lets understand the basics. Contribution margin is a contribution generated from sales in compare to…

Q: Provide Answer about this Question with Correct option

A: Step 1: Introduction to Gross Profit:Gross profit represents the difference between the sales…

Q: If the food cost is $250,000 and the total labor cost is $300,000 and sales are $1,000,000, what is…

A: Prime cost :— It is the sum of all direct manufacturing costs incurred in the manufacturing of the…

Q: 5. If the markup on a washing machine is 53% based on selling price, what is the corresponding…

A: Comment We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: Net margin is 30% of the gross sales of 150,000. With Cost of Goods Sold amounting to 50,000, what…

A: Net margin = 30% Gross sales = 150000 COGS = 50000

Q: If a new full-time employee is paid $40,000 a year, and taxes and insurance add 20% of wages to the…

A: Wages = $40,000 Taxes and insurance = $40,000 x 20%

Question

•COGS = $390,000
•GM = 60%
•Store size: 20 ft x 25 ft.
•2,500 transactions
•5,000 units sold
•Salaries 97,500
•Occupancy is $107,250
Q. How many employees if sales per
employee are $6,500?

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions

If a business had sales of $4,369,000 and a margin of safety of 20%, the break-even point was a.$3,495,200 b.$873,800 c.$7,864,200 d.$5,242,800
Your COGS$=$35,250 Total Labor = $26,000 Controllables = $5,750 Minimum Rent = $6,500 Advertising = $500 Net Sales $98,000 Your Controllable Profit% is:
: A newsvendor purchases units for $10 and sells each one for $18. Inventoryis salvaged for $6. He orders 45,000 units and expected sales are 35,000. What is hisexpected profit?
he company has these parties of goods on hand: 10x1.000 TL; 20x900 TL; 10x800 TL; 10x700 TL. If 37 items are sold with 20% profit margin (COGS +20% Profit), what is COGS and Sales Revenue in LIFO? a. COGS: 9.400 TL; Sales Revenue: 11.280 TL b. COGS: 33.600 TL; Sales Revenue: 40.320 TL c. COGS: 30.300 TL; Sales Revenue: 36.360 TL d. COGS: 12.700 TL; Sales Revenue: 15.240 TL
2. How many regular hours will someone need to work to earn $250 at $12.50/h? 3. Determine two equivalent fractions for 6/8. 4. 4 = 5. How much is 5% commission on $15 000 sales?
10. Pink Company has sales of P1,200,000, fixed costs of P500,000 and a profit ofP 148,000 . What is June Dianay's margin of safety in peso and in percentage?
Saved AAA Travel Agency Riser Group Casto Travel Balboa Travel Hunter Travel Managers $87,700, 000 68, 900, 000 63,050, 000 45, 940, 000 36, 000, 000 a. What would be the mean and the median? Mean $ 272,790,000 Median $ 63,050,000 b. What is the total revenue percent of each agency? (Round your answers to the nearest hundredth percent.) AAA Riser Group % Casto % Balboa % Hunter Mc Graw Hill
Sandhill Company produces a molded briefcase that is distributed to luggage stores. The following operating data for the current year has been accumulated for planning purposes. $41.17 Sales price Variable cost of goods sold Variable selling expenses Variable administrative expenses 13.17 11.77 4.17 Annual fixed expenses $15,600,000 Overhead Selling expenses 3,100,000 6,500,000 Administrative expenses Sandhill can produce 3,000,000 cases a year. The projected net income for the coming year is expected to be $3,600,000. Sandhill is subject to a 40% income tax rate. During the planning sessions, Sandhill's managers have been reviewing costs and expenses. They estimate that the company's variable cost of goods sold will increase 15% in the coming year and that fixed administrative expenses will increase by $300,000. All other costs and expenses are expected to remain the same.
If Sales are $2,000,000 and the Break Even point is $1,500,000. What is the Margin of Safety (ratio)? A. 33% B. 175% C. 25% D. 75%
If cost of goods sold is Rs. 680,000 and the gross profit rate is 50%, what is the gross profit?
Need Answer pls find it
Use all the Cost-Volume-Profit related applications to analyse the company and then determine the amount that the company should make, at least, to make profit, and a 10% profit.