need answer Question:You are planning to open a coffee shop. Your financial projections for thefirst year of operations are as follows:Revenues (15,000 cups) - $75,000Wages & Benefits - $35,000Rent $12,000-Depreciation - $5,000Utilities - $3,000Coffee Beans - $15,000Other Supplies - $5,000Assume that all costs are fixed, except for coffee beans and other supplies,which are variable. The coffee shop must pay taxes at a 25% rate.How many cups of coffee must be sold to provide you with an after-taxprofit of $20,000?

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Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter16: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 39P

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esc You plan on starting a lawn mowing business by investing $700 of your own money and purchasing $500 of equipment. You plan to work 80 hours in your first month and 370 hours in your second month of business. You charge your customers $24 per hour. Your anticipated costs include: Advertising Gas Depreciation Assistant's Wages Miscellaneous Expenses You plan on collecting 90% of your sales in the month you mow the lawn and the remainder in the following month. Calculate the accounts receivable balance at the end of your second month of business. Click Save and Submit to save and submit. Click Save All Answers to save all answers. 1 Q A 2 W $8 per month $1.40 per hour $25 per month $8.00 per hour $40 per month S # 3 E D $ 4 R 67 dº % 5 LL MacBook Pro T < 6 G & Y 7 H * 00 8 U J o
You plan on starting a lawn mowing business by investing $700 of your own money and purchase $500 of equipment. You plan to work 330 hours per month and charge your customers $18 per hour. Your anticipated costs include: Advertising Gas $18.00 per month Depreciation $1.40 per hour $33.00 per month $10.00 per hour Assistant's Wages Miscellaneous Expenses $40.00 per month Calculate the Equipment net of Accumulated Depreciation at the end of your second month of business on the budgeted balance sheet. +
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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.
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Consider a machine that initially cost $6,000 and has these estimated annual expenses and market value: End of year Annual expenses, $ 2,000 2,000 2,000 3,000 3,000 Market value at end of Year, $ 5,200 4,200 1 2 3 3,200 2,200 1,200 4 5 If the MARR is 9% per year, determine its economic service life (Suppose an Economic Service Life occurs in the fourth or fifth year. Show Cash Flow Diagram for those years).
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Assume that RAS AMBA Hotel has annual fixed costs applicable to its operation of $182,500 for its 60 rooms motel,daily room rent income of $ 150,and variable costs of $ 50 for each room rented.It operates 365 days a year.Required :- 1. Operating income on rooms wii be generated ,if the motel is fully occupied throughout an entire year and if the motel is half full during a year? 2.what is the breakeven point in number of rooms rented assuming that the motel is fully occupied throughout the year.
Attached is question diagram, USE EXCEL AS ITS REQUIRED Question 9. What is the net present worth of machine B after tax over 3 years? Pick the correct answer. $6,394 $6,233 $5,562 $7,070

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