Question: Sales 120000 20 less variable expenses 72000 12 contribution margin 48000 8 less fixed expenses net income 30000 net income 18000 a. What is the company s CM ratio? b. If quarterly sales increase by $4,800 and there is no change in fixed expenses, by how much would you expect quarterly net operating income to increase?
Q: Optix Camera Shop uses the lower-of-cost-or-market value for its inventory. The following data are…
A: Lower-of-Cost-or-Market (LCM) Inventory ValuationOptix Camera Shop uses the Lower-of-Cost-or-Market…
Q: Can you please solve this accounting problem?
A: Step 1: Define Cost of Goods Sold (COGS)The cost of goods sold (COGS) is the direct cost of…
Q: expert pleease solve this. General account subject question
A: To calculate the ending inventory at the lower-of-cost-or-market (LCM), we compare the cost per unit…
Q: Please solve this question general accounting question
A: Compute the variable maintenance cost per unit using the high-low method.Variable maintenance cost…
Q: What is the project ending value of the inventory account?
A: Step 1: Understand the components of inventory valuationThe value of inventory is based on the…
Q: Which of the following circumstances created a future taxable amount?
A: The correct answer is:c. Straight-line depreciation for financial reporting and accelerated…
Q: Find total assets?
A: Step 1: Information given in the questionReturn on Assets (ROA) = 6.6% or 0.066Profit margin ratio =…
Q: I need this question answer general accounting question
A: Step 1: Define Cost of Goods Sold (COGS)The cost of goods sold or the cost of sales is the amount…
Q: Need help with this financial accounting question not use ai please don't
A: Step 1: Define Dividend YieldThe dividend yield is a financial ratio that compares the amount of…
Q: Financial Accounting
A: To calculate the cost of equity, we can use the Capital Asset Pricing Model (CAPM) formula: Cost of…
Q: Solve this question financial accounting
A: Executive Model:Selling Price per bag = $70Variable Cost per bag = $30Expected Sales per year =…
Q: Please help me
A: Explanation of Activity-Based Costing (ABC)Activity-Based Costing (ABC) is a method of assigning…
Q: None
A: Step 1: Define Gross ProfitThe profit of a company is the difference between total sales and the…
Q: Recognize for year one ?
A: To calculate the lease expense for Year One for Alejandro Tech Co. under an operating lease…
Q: At the end of the year, Tahir Incorporated's balance for Allowance for Uncollectible Accounts is…
A: Concept of Allowance for Uncollectible Accounts:The allowance for uncollectible accounts is a…
Q: What are laws and regulations specific to an Accoutning Firm? Describe laws and regulations that…
A: There are several laws and regulations that apply to an Accounting Firm. These include the…
Q: UNESCO Mining Co. acquired mineral rights for $55,500,000. The mineral deposit is estimated at…
A: Step 1: Information providedMineral Acquisition Cost = $55,500,000Total Mineral Deposit = 37,000,000…
Q: General accounting question
A: Step 1: Definition of Cash-to-Cash Cycle TimeThe cash-to-cash cycle time (also known as the cash…
Q: I won't to this question answer general Accounting
A: Sales = $500Total Assets = $300Debt/Equity Ratio = 2.00Return on Equity (ROE) = 15% Assets = Debt +…
Q: Hello tutor provide correct answer general accounting question
A: Basics of AccountingWhat are the fundamental principles of accounting?Consistency, relevance,…
Q: General Accounting
A: The budgeted rate for the indirect cost of the pre-diagnostic room needs to be computed by dividing…
Q: Provide correct answer general Accounting
A: Step 1: Define Absorption CostingAbsorption costing is a method used as an alternative for variable…
Q: Provide answer general Accounting
A: Step 1: Define Required Rate Of ReturnThe required rate of return on a common stock represents the…
Q: Hello tutor provide correct answer general accounting question
A: Step 1: Define Taxable gainTaxes on the taxable gain on the sale of a personal dwelling are due when…
Q: Calculate the equity premium
A: The question requires the determination of the equity premium. Equity risk premium is the excess…
Q: Hi expert please give me answer general accounting question
A: Problem BreakdownWe are given a $4,000 note receivable with the following terms:Principal (Face…
Q: Financial Accounting
A: Equity Premium = Market Rate - Risk-Free Rate Equity Premium = 12.5%-4.1% Equity Premium = 8.40%
Q: Please solve this question general accounting
A: Step 1: DefineEquivalent units for direct materials are used to measure the physical units of work…
Q: Do fast answer of this accounting questions
A: Step 1: Definition of Lower of Cost and Net Realizable Value (LCNRV)The Lower of Cost and Net…
Q: The following information pertanis
A: Explanation of Beginning Finished Goods Inventory:Beginning Finished Goods Inventory refers to the…
Q: Expert of general account answer it fast
A: 1. Problem OverviewTo calculate the ending inventory, we use the following formula:…
Q: Expert answer this financial account questions.
A: 1. Compute the Unit Product Cost Under Variable CostingUnder variable costing, the unit product cost…
Q: None
A: Step 1: Define Return on assetsIt is shortened as ROA that depicts the net income obtained from the…
Q: Get correct solution for this accounting question
A: Step 1:First calculate the interest expense for the year 2021: Interest expense = Beginning lease…
Q: Regulations and requirements necessary to open an Accounting Firm?
A: The first step to opening an accounting firm is to obtain the necessary education and experience.…
Q: Please tutor give me answer of this financial accounting problem
A: Explanation of Debt Raised:Debt raised refers to the amount of money a company borrows to finance…
Q: Financial Accounting
A: Step 1: Define Present ValueAn investment's present value refers to the total required today's costs…
Q: Hello tutor please provide correct answer financial Accounting
A: Step 1: Introduction to accounts receivableAccounts receivable refers to the customers who have…
Q: At the end of the first year of operations, 6,400 units remained in the finished goods inventory.…
A: To determine the cost of the finished goods inventory under both absorption costing and variable…
Q: General accounting question
A: Step 1: Definition of Operating CycleThe operating cycle is the time it takes for a company to…
Q: General Accounting Question please answer
A: Explanation: In the given case, we are required to calculate the total return for Hamilton Growth…
Q: Sydney Group reports a net income of $50,000 for 2019. At the beginning of 2019, Sydney Group had…
A: Average Total Assets = (Total Assets at Beginning + Total Assets at the End)/2Average Total Assets =…
Q: Sub: Accounting
A: Explanation of Trade Credit TermsTrade credit terms, such as "2/15, net 55," indicate the payment…
Q: Suppose Austin Sound had sales of $450,000 and sales returns of $55,000. Cost of goods sold was…
A: Explanation of Gross ProfitGross profit is a financial metric that represents the difference between…
Q: Answer? ? General Accounting question
A: Step 1: Define Importance of margins in futures tradingFutures contracts are traded in exchanges,…
Q: General accounting
A: Step 1: Key InformationNet Income (2013): $350,000Beginning Common Stockholders' Equity (Jan 1,…
Q: Manufacturing overhead cost estimates for this special order total ?
A: Step 1: Define Manufacturing CostsThe total manufacturing costs of a firm can be broadly categorized…
Q: A process with no beginning work in process, completed and transferred out 15,000 units during a…
A: Concept of Equivalent Units of Production: This refers to the number of completed units that could…
Q: A machine costing $152,900 was destroyed when it caught fire. At the date of the fire, the…
A: Explanation of Net Book Value (NBV)Net Book Value (NBV) represents the value of an asset as recorded…
Q: general account
A: To calculate the ending inventory, we use the fundamental inventory accounting equation:…
Net opreting income to increase?
Step by step
Solved in 2 steps
- How much would you expect quarterly net operating income to increase?Suppose Micro-Shave growth rate in sales is forecast as 13% rather than 10%. If all ratios stay the same, what is the AFN? Sales growth rate So Ao / So Lo / So Profit margin (M) Payout ratio O $ 170.74 O $240.50 O $ 205.62 O None of these are correct 13% $3,000 million 66.666% 6.667% 3.783% 50.670%I want answer
- REQUIRED Use the information given below to calculate each of the following independently: 3.1 Expected total Marginal Income and Net Profit/Loss 3.2 3.3 3.4 3.5 Margin of safety (as a percentage; expressed to two decimal places) Break-even quantity if the selling price drops by 10% Break-even value using the marginal income ratio, if the company spends an additional R435 200 on salaries Selling price per unit that will enable the company to achieve a net profit of R1 500 000 INFORMATION Slumber Limited manufactures beds. The following information was extracted from the budget for 2024: Expected production and sales (units) Selling price per bed Direct materials cost per bed Direct labour cost per bed Variable manufacturing overheads cost per bed Fixed manufacturing overheads cost Sales commission (as a percentage of the selling price) Fixed administrative and selling costs 1 200 R6 000 R1 700 R860 R320 R1 084 800 20% R720 000Solve this financial accounting problemAssuming costs vary with sales and a 20 percent increase in sales is projected, create the pro forma income statement. Create a pro forma Balance Sheet. All items will vary with sales. What is the plug variable in order for this to balance? Suppose no dividend is planned to be issued next year. What is the plug variable?
- Help Sav AVKAOX224 Corp. has provided the following cost, price, and sales data: Per Unit Selling price 240 Variable 54 expenses Contribution $ 186 margin AVKAOX224 is currently selling 8,000 units per month. Fixed expenses are $880,000 per month. (ID#61517) AVKAOX224's marketing manager would like to cut the selling price by $28 and increase advertising spending by $60,000 per month. The marketin- manager predicts that these changes would increase monthly sales quantity by 20%. Q: What would be the overall effect on AVKAOX224's monthly net operating income of this change? (Note: A POSITIVE number indicates an INCREASE in net operating income, and a NEGATIVE number indicates a DECREASE in net operating income) Multiple ChoiceNet operating income to increase?1.1 If the Cost of Sales for Company x is 150000, the Gross Profit is250000 and the Sales is 400000 ; the Gross Profit Margin will be:
- Brightwood furniture provide the following dataHow much will net income increase?2. Conceptual Connection: Compute net profit margin for ERS. Round your answer to one decimal place. 6.6 % A If ERS is able to increase its service revenue by $100,000, what should be the effect on future income? If ERS had an incremental increase in revenue of $100,000, based on the net profit margin computed, what is the additional potential profit? 3. Conceptual Connection: Assume that ERS net profit margin was 8.5% for 2018. As an investor, what conclusions might you draw about ERS' future profitability? A declining profit margin implies that ERS is having difficulty maintaining control over its expenses.