The following sales information is available for Forever Fragrance Company's Southern and Northern territories:ProductSouthern TerritoryNorthern TerritoryTotalEternity$ 28,280 $40,000 $68, 280 Ecstasy22, 220 34,800 57,020 Totals $50,500 $74,800 $ 125, 300 What is the sales mix of Eternity and Ecstasy, respectively, for the Southern Territory?a. 56%: 44%b. 71%: 64%c. 54%: 46%d. 41%: 39%

The following sales information is available for Forever Fragrance Company's Southern and Northern territories:ProductSouthern TerritoryNorthern TerritoryTotalEternity$ 28,280 $40,000 $68, 280 Ecstasy22, 220 34,800 57,020 Totals $50,500 $74,800 $ 125, 300 What is the sales mix of Eternity and Ecstasy, respectively, for the Southern Territory?a. 56%: 44%b. 71%: 64%c. 54%: 46%d. 41%: 39%

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Kingsbury Manufacturing has net sales revenue of $800,000, cost of goods sold of $343,600, and all other expenses of $327,800. The net profit margin is: Multiple Choice 0.37 0.16 0.57 0.84 < Prev Next im 39 of 50
Splish Company is a multiproduct firm. Presented below is information concerning one of its products, the Hawkeye. Date 1/1 2/4 2/20 4/2 11/4 (a) Transaction Beginning inventory Purchase Sale Purchase Sale Quantity Price/Cost Average-cost per unit $ 3,400 4,400 4,900 5,400 4,600 $19 28 47 36 51 Calculate average-cost per unit. (Round answer to 4 decimal places, e.g. 2.7613.)
Salespersons' Report and Analysis Walthman Industries Inc. employs seven salespersons to sell and distribute its product throughout the state. Data taken from reports received from the salespersons during the year ended December 31 are as follows: Salesperson Total Sales Variable Cost of Goods Sold Variable Selling Expenses Case $514,000 $246,720 $92,520 Dix 380,000 148,200 68,400 Johnson 455,000 209,300 86,450 LaFave 531,000 297,360 106,200 226,800 88,200 Orcas 630,000 219,520 89,600 Sussman 448,000 355,000 198,800 006 Willbond Required:
Using the data below for the Ace Guitar Company: A Region B Region Sales $521,500 $968,500 Cost of goods sold 198,200 368,000 Selling expenses 125,200 232,400 Service department expenses Purchasing $250,300 Payroll accounting 166,900 Allocate service department expenses proportional to the sales of each region. Determine the divisional income from operations for the A and B regions. For interim calculations, round percentages to one decimal place. A Region $ B Region $
Given the following data from a recent Comparative Competitive Efforts page in the CIR: Industry Average $250 Your Company vs. Ind. Avg. Your AC CAMERA SEGMENT Price (Average Wholesale Price $ per unit) P/Q Rating (1 to 10 stars) Brand Reputation Company $235 5.0 -6.0% 5.1 -2.0% 71 75 -5.3% Number of Models 3 3.1 -3.2% Retail Outlets Multi-Store Chains 26 35 -25.7% Online Retailers 51 68 -25.0% 2,150 5.86 2,897 6.92 Local Retailers -25.8% Retailer Support ($ per unit) Advertising Budget ($000s) Website Displays ($000s) Weeks -15.3% 1,000 800 1,929 1,764 -48.2% -54.6% Sales Promotions 2 4.7 -57.4% Discount 12.0% 15.9% -24.5% Warranty Period (days) Demand for ACC Units (000s) Gained /Lost (due to stockouts) AC Camera Units Sold (000s) Market Share 60 69 -13.0% 255.8 279.0 -8.4% +1.3 257.1 -0.1 278.9 -7.8% 13.2% 14.3% -1.1 pts Special AC Camera Contracts Discount Offer Value Index Avg. Discount =12.4% Avg. Value Index = 71 Total Units = 58.5k 0.0% Special Contract Units Sold (000) Based…
Cherokee Incorporated is a merchandiser that provided the following information: Amount Number of units sold 10,000 Selling price per unit $ 16 Variable selling expense per unit $2 Variable administrative expense per unit $ 1 Total fixed selling expense $ 19,000 Total fixed administrative expense $ 16,000 Beginning merchandise inventory $ 11,000 Ending merchandise inventory $ 23,000 Merchandise purchases $ 87,000 Required: 1. Prepare a traditional income statement. 2. Prepare a contribution format income statement.
Supply the missing dollar amounts for the income statement of Williamson Company for each of the following independent cases: Sales Revenues, gross Sales Returns and Allowances Net Sales Cost of Goods Sold Gross Profit $ Case A 8,500 200 6,000
Production and sales estimates for June for Cardinal Co. are as follows: Estimated inventory (units), June 1 20,000 Desired inventory (units), June 30 19,000 Expected sales volume (units): Territory X 7,000 Territory Y 4,000 Territory Z 5,500 Unit sales price $20 The number of units expected to be manufactured in June is a. 12,500 units b. 13,500 units c. 11,000 units d. 15,500 units
Sales Territory and Salesperson Profitability Analysis Havasu Off-Road Inc. manufactures and sells a variety of commercial vehicles in the Northeast and Southwest regions. There are two salespersons assigned to each territory. Higher commission rates go to the most experienced salespersons. The following sales statistics are available for each salesperson: Average per unit: Sales price Variable cost of goods sold Commission rate Units sold Manufacturing margin ratio Contribution margin ratio Rene % Steve % Northeast Rene Colleen Steve % $15,500 $16,000 $14,000 $18,000 $9,300 $8,000 $8,400 $9,000 8% 12% 10% 36 40% $ 24 50% a. 1. Prepare a contribution margin by salesperson report. Compute the contribution margin ratio for each salesperson. Havasu Off-Road Inc. Contribution Margin by Salesperson Paul Southwest Colleen % Paul 40 40% 8% 60 50%
Assume the following information for a merchandising company: Number of units sold Selling price per unit. Variable selling expense per unit Variable administrative expense per unit Fixed administrative expenses Beginning merchandise inventory Ending merchandise inventory Merchandise purchases What is the amount of total variable expenses? 20,700 $ 30 $ 3 $2 $ 50,000 $ 24,000 $ 19,000 $ 341,000
United Company blends and sells two products X&Y. each with different sales strategies, distribution channels, and product offerings. United is now considering the sale of a bundled product consisting of X&Y. For the most recent year, United reported retail price of X product $192, of Y product $448 and of (X+Y) $520. Using stand-alone revenue allocation method, the revenue allocated to Y product is: a. $192. b. $364. c. $448. d. $156.
Sales Sales discounts Sales returns and allowances Cost of goods sold Carrier $ 165,000 4,000 17,000 95,760 Net sales Gross profit Gross margin ratio Carrier Lennox $ 850,000 19,500 6,000 507,892 Complete this question by entering your answers in the tabs below. (a) Compute net sales, gross profit, and the gross margin ratio for each of the four separate companies. (b) Which company has the better gross margin ratio? Lennox Trane $ 53,000