The records of the Dodge Corporation show the following results for the most recent year: Sales (16,000 units) $256,000 Variable expenses $160,000 Net operating income $32,000 Given these data, the unit contribution margin was:
Q: Calculate the present value of $2,000 for each of the following: interest rate is 12%Show work the…
A: Step 1:a)We have to calculate the present value of the cash flow.Calculations are shown below: We…
Q: Which of the following can be used to place capital investment proposals involving different amounts…
A: The objective of the question is to identify the correct index that can be used to compare different…
Q: Loega Plc Ltd. sells rocks in Utah. They have supplied the following data: • Units sold: 3,296 •…
A: Step 1: Calculation of contribution margin ratio.Total variable costs = Variable manufacturing…
Q: The process of determining any differences between a bank statement balance and a checkbook balance…
A: The objective of the question is to identify the correct term for the process of determining any…
Q: A trust has the following net income. Franked dividends - $10,000 Franking Credits - $3500 Capital…
A: Here's a detailed explanation of how the Division 6 trust income and Division 6E trust income were…
Q: please answer in text form and in proper format answer with must explanation , calculation for each…
A: Step 1: Calculate the total fixed costs to be allocated.Total fixed costs = Payroll taxes + Machine…
Q: Requirea information [The following information applies to the questions displayed below.] Year 1…
A: For the annual preferred dividend, we multiply the par value per share by the dividend rate then by…
Q: please answer in text form with proper workings and explanation for each and every part and steps…
A: Dear student, below is the answer to your assignment. Please follow it carefully for a clear…
Q: What is the cost of goods manufactured if beginning work in process was $30,000, ending work in…
A: The objective of this question is to calculate the cost of goods manufactured (COGM) using the given…
Q: Vikram Bhai
A: Year 2:Ordinary Income:Jack's share: $134,500 × 25% = $33,625Jill's share: $134,500 × 75% =…
Q: Xu Ltd currently produces and sells two types of pillows that are currently gaining market share.…
A: The objective of the question is to calculate the annual net profit for Xu Ltd for the years 2019…
Q: On May 1, 2022, Barber Company purchased inventory costing $87,000 by signing an 8%, nine-month,…
A: Step 1: Understanding meaning of journal entry:- Journal entry is a recordance of financial event…
Q: On January 1, 2021, a machine was installed at Gallagher Factory at a cost of $52,000. Its estimated…
A: The objective of the question is to calculate the depreciation schedule using the straight-line…
Q: During 2021, a $50,000 loss on the sale of machinery was incorrectly recorded as a factory equipment…
A: The objective of the question is to determine the appropriate accounting treatment for an error that…
Q: Meher & Company purchased, on 1st January 2019, a machine for producing cranes. The machine cost OMR…
A: Machine Details:Cost: OMR 108,000Estimated Life: 10 yearsResidual Value: OMR 8,000(a) Straight-Line…
Q: Joseph obtained a loan of $30,000.00 at 5.90% compounded quarterly. How long (rounded up to the next…
A: 1. Loan Repayment Calculation Joseph has taken out a loan of $30,000.00 at an interest rate of 5.90%…
Q: ! Required information PA11-2 (Algo) Making Automation Decision [LO 11-1, 11-2, 11-3, 11-5] [The…
A: Let's proceed with the calculations:1. Incremental contribution margin: $195,000 per year2.…
Q: Please help with the requirements. Thank you
A: The objective of the question is to journalize the adjusting entries for Laferty Legal Services at…
Q: A manufacturing company has a standard costing system based on standard direct labor-hours (DLHS) as…
A: Step 1: Calculation of the fixed manufacturing overhead budget variance.Fixed Overhead Budget…
Q: Cook Security Systems has a $37,500 line of credit, which charges an annual percentage rate of prime…
A: The objective of the question is to calculate the new balance of Cook Security Systems' line of…
Q: 2. Consider three charges in the figure below. Assume that distances between charges d1-d3=4.24 m,…
A: Approach to solving the question: Detailed explanation:Examples: Key references:
Q: Imperial Jewelers manufactures and sells a gold bracelet for $408.00. The company’s accounting…
A: The objective of the question is to determine the financial advantage or disadvantage of accepting a…
Q: In a regressive tax system, as taxable income increases, the effective tax rate decreases ◻ True…
A: The question is asking whether in a regressive tax system, the effective tax rate decreases as the…
Q: eBook Question Content Area Unique balanced scorecards Coulson and Company is a large retail…
A: a. Answer: b. Cascading scorecardThe choice of "Cascading scorecard" captures the concept of taking…
Q: What percentage do employers pay for state unemployment taxes? 35%…
A: The question is asking about the percentage that employers are required to pay for state…
Q: The plant assets section of the comparative balance sheets of Anders Company is reported below.…
A: Step 1:Answer 1.Computation of the amount of cash received from sale of equipment:Cash received from…
Q: Refer to the table below. (1) Person Chander Chaaya Chuck Chazen Chuma Chad (2) Minimun Acceptable…
A:
Q: Retrospective changes require all but which of the following? Group of answer choices adjustments…
A: The objective of the question is to identify which of the given options is not a requirement when…
Q: Please do not give solution in image format... And give solution in Steps....
A: The corrected classified balance sheet for Coronado Corporation as of December 31, 2025, shows total…
Q: IZ Corporation purchased land for $425,000. Later in the year, the company sold a different piece of…
A: Step 1: Calculation of gain or loss on sale of land.Gain/loss on sale of land = Sales price - Book…
Q: Spartans Inc. has the following information for its two divisions: North and South…
A: The objective of the question is to calculate the Return on Investment (ROI) and Residual Income…
Q: Please check the answer before submit it and add explanation
A: Part 2: ExplanationHere's how we arrive at this answer:Step 1: Calculate the capital gains or losses…
Q: #3 Caspian Sea Drinks is considering the production of a diet drink. The expansion of the plant and…
A: The objective of the question is to calculate the Net Present Value (NPV) of the project for…
Q: Alfredo Incorporated reports net income of $244,000 for the year ended December 31. It also reports…
A: The objective of the question is to calculate the cash provided or used in operating activities for…
Q: 7. Royal Company purchased a dump truck at the beginning of 2012 at a cost of $60,000. The truck had…
A: The objective of the question is to calculate the depreciation expense for the truck for each year…
Q: Calculate the present value (principal) and the compound interest (in $). Use Table 11-2. Round your…
A: Given information: Compound Amount or future value (FV) = $38,000 As the Compounding is…
Q: On January 1 of Year 1, Congo Express Airways issued $3,400,000 of 7% bonds that pay interest…
A: a.)Interest payment = Face Value of bonds x coupon rate x 0.5 (NOTE: We multiplied it by 0.5 since…
Q: Solve the following problem using either Table 11-1 or Table 11-2 from your text. When necessary,…
A: Future Value = Present Value*(1+Interest rate)^No. of periods Where, Present Value = $6,750Interest…
Q: A particle moves along line segments from the origin to the points (2, 0, 0), (2, 5, 1), (0, 5, 1),…
A: Step 1: Step 2: Step 3: Step 4:
Q: For each office or business segment, indicate which type of Responsibility Center it is: a. Quality…
A: Let's go into further depth about each case so that we can offer a more comprehensive explanation:a.…
Q: Cap Incorporated manufactures ball point pens that sell at wholesale for $0.80 per unit. Budgeted…
A: Step 1:Computation of the unit product cost under full costing: 2022Variable factory overhead per…
Q: please help
A: The objective of the question is to calculate and record the amortization of a patent for the years…
Q: The company began operations in 2016. It manufactured a single product and sold 8,000 units for $160…
A: First, we need to know the Total Costs of the Product:Direct material used$505,448Direct labor costs…
Q: 1. A bookkeeper in error recorded the purchase cost of a new item of equipment as GHC36,000 when it…
A: The objective of the question is to find the correct profit figure after adjusting for the…
Q: A3
A: The objective of the question is to calculate the Net Present Value (NPV) of the proposed automation…
Q: Tyrell has a tax service and accounting business in Redwood City. He decides to move to Center City,…
A: A breach of contract is a violation of any of the agreed-upon terms and conditions of a binding…
Q: Please help me. Don't use any AI. It's strictly prohibited.
A: Answer image:
Q: Use the following tax table to determine how much income tax is paid on 732000 of taxable income.…
A: The objective of this question is to calculate the total income tax paid on a taxable income of…
Q: Last year Green Co. had sales of $800,000, a turnover of 3.5, and a return on investment of 14 %.…
A: Step 1: Using the asset turnover formula, determine the average total assets Asset turnover = sales…
Q: Question Content Area Assume in analyzing alternative proposals that Proposal F has a useful life…
A: The objective of the question is to identify a method that can be used to make the net present…
Step by step
Solved in 2 steps
- The contribution format income statement for Huerra Company for last year is given below: Total Unit Sales $ 992,000 $ 49.60 Variable expenses 595,200 29.76 Contribution margin 396,800 19.84 Fixed expenses 318,800 15.94 Net operating income 78,000 3.90 Income taxes @ 40% 31,200 1.56 Net income $ 46,800 $ 2.34 The company had average operating assets of $492,000 during the year. Required: 1. Compute the company’s return on investment (ROI) for the period using the ROI formula stated in terms of margin and turnover. For each of the following questions, indicate whether the margin and turnover will increase, decrease, or remain unchanged as a result of the events described, and then compute the new ROI figure. Consider each question separately, starting in each case from the data used to compute the original ROI in (1) above. 2. Using Lean Production, the company is able to reduce the average level of inventory by $93,000. (The…The contribution format income statement for Huerra Company for last year is given below: Total Unit Sales $ 992,000 $ 49.60 Variable expenses 595,200 29.76 Contribution margin 396,800 19.84 Fixed expenses 316,800 15.84 Net operating income 80,000 4.00 Income taxes @ 40% 32,000 1.60 Net income $ 48,000 $ 2.40 The company had average operating assets of $500,000 during the year. Required: 1. Compute the company’s margin, turnover, and return on investment (ROI) for the period. For each of the following questions, indicate whether the margin and turnover will increase, decrease, or remain unchanged as a result of the events described, and then compute the new ROI figure. Consider each question separately, starting in each case from the data used to compute the original ROI in (1) above. 2. Using Lean Production, the company is able to reduce the average level of inventory by $96,000. 3. The company achieves a cost savings of $6,000 per year by using less…The contribution format income statement for Huerra Company for last year is given below: Total Unit Sales $ 998,000 $ 49.90 Variable expenses 598,800 29.94 Contribution margin 399,200 19.96 Fixed expenses 321,200 16.06 Net operating income 78,000 3.90 Income taxes @ 40% 31,200 1.56 Net income $ 46,800 $ 2.34 The company had average operating assets of $508,000 during the year. 3. The company achieves a cost savings of $6,000 per year by using less costly materials.
- Last year’s contribution format income statement for Huerra Company is given below: Total Unit Sales $ 1,002,000 $ 50.10 Variable expenses 601,200 30.06 Contribution margin 400,800 20.04 Fixed expenses 316,800 15.84 Net operating income 84,000 4.20 Income taxes @ 40% 33,600 1.68 Net income $ 50,400 $ 2.52 The company had average operating assets of $491,000 during the year. Required: Compute last year’s margin, turnover, and return on investment (ROI). For each of the following questions, indicate whether last year’s margin and turnover will increase, decrease, or remain unchanged as a result of the events described, and then compute the new ROI. Consider each question separately. Using Lean Production, the company is able to reduce the average level of inventory by $100,000. The company achieves a cost savings of $10,000 per year by using less costly materials. The company purchases machinery and equipment that increase average operating assets by $125,000.…Last year’s contribution format income statement for Huerra Company is given below: Total Unit Sales $ 1,002,000 $ 50.10 Variable expenses 601,200 30.06 Contribution margin 400,800 20.04 Fixed expenses 316,800 15.84 Net operating income 84,000 4.20 Income taxes @ 40% 33,600 1.68 Net income $ 50,400 $ 2.52 The company had average operating assets of $491,000 during the year. Required: Compute last year’s margin, turnover, and return on investment (ROI). For each of the following questions, indicate whether last year’s margin and turnover will increase, decrease, or remain unchanged as a result of the events described, and then compute the new ROI. Consider each question separately. Using Lean Production, the company is able to reduce the average level of inventory by $100,000. The company achieves a cost savings of $10,000 per year by using less costly materials. The company purchases machinery and equipment that increase average operating assets by $125,000.…Last year’s contribution format income statement for Huerra Company is given below: Total Unit Sales $ 1,002,000 $ 50.10 Variable expenses 601,200 30.06 Contribution margin 400,800 20.04 Fixed expenses 316,800 15.84 Net operating income 84,000 4.20 Income taxes @ 40% 33,600 1.68 Net income $ 50,400 $ 2.52 The company had average operating assets of $491,000 during the year. Required: Compute last year’s margin, turnover, and return on investment (ROI). For each of the following questions, indicate whether last year’s margin and turnover will increase, decrease, or remain unchanged as a result of the events described, and then compute the new ROI. Consider each question separately. Using Lean Production, the company is able to reduce the average level of inventory by $100,000. The company achieves a cost savings of $10,000 per year by using less costly materials. The company purchases machinery and equipment that increase average operating assets by $125,000.…
- The contribution format income statement for Huerra Company for last year is given below: Total Unit Sales $ 1,006,000 $ 50.30 Variable expenses 603,600 30.18 Contribution margin 402,400 20.12 Fixed expenses 324,400 16.22 Net operating income 78,000 3.90 Income taxes @ 40% 31,200 1.56 Net income $ 46,800 $ 2.34 The company had average operating assets of $508,000 during the year. Required: 1. Compute the company’s margin, turnover, and return on investment (ROI) for the period. For each of the following questions, indicate whether the margin and turnover will increase, decrease, or remain unchanged as a result of the events described, and then compute the new ROI figure. Consider each question separately, starting in each case from the data used to compute the original ROI in (1) above. 2. Using Lean Production, the company is able to reduce the average level of inventory by $91,000. 3. The company achieves a cost savings of $6,000 per year by using less…The contribution format income statement for Huerra Company for last year is given below: Total Unit Sales $ 1,008,000 $ 50.40 Variable expenses 604,800 30.24 Contribution margin 403,200 20.16 Fixed expenses 323,200 16.16 Net operating income 80,000 4.00 Income taxes @ 40% 32,000 1.60 Net income $ 48,000 $ 2.40 The company had average operating assets of $499,000 during the year. Required: 5. As a result of a more intense effort by sales people, sales are increased by 10%; operating assets remain unchanged. 6. At the beginning of the year, obsolete inventory carried on the books at a cost of $18,000 is scrapped and written off as a loss, thereby lowering net operating income. 7. At the beginning of the year, the company uses $178,000 of cash (received on accounts receivable) to repurchase some of its common stock.The following information is available from the accounting records of Eva Corporation. Fixed costs per period are $4800. Sales volume for the last period was $19,360, and variable costs were $13,552. Capacity per period is a sales volume of $32,000. Compute the total contribution margin.
- The contribution format income statement for Huerra Company for last year is given below: Total Unit Sales $ 4,000,000 $ 80.00 Variable expenses 2,800,000 56.00 Contribution margin 1,200,000 24.00 Fixed expenses 840,000 16.80 Net operating income 360,000 7.20 Income taxes @ 30% 108,000 2.16 Net income $ 252,000 $ 5.04 The company had average operating assets of $2,000,000 during the year. Required: 1. Compute the company’s return on investment (ROI) for the period using the ROI formula stated in terms of margin and turnover. For each of the following questions, indicate whether the margin and turnover will increase, decrease, or remain unchanged as a result of the events described, and then compute the new ROI figure. Consider each question separately, starting in each case from the data used to compute the original ROI in (1) above. 2. Using Lean Production, the company is able to reduce the average level of inventory by $400,000.…The contribution format income statement for Huerra Company for last year is given below: Total Unit Sales $ 4,000,000 $ 80.00 Variable expenses 2,800,000 56.00 Contribution margin 1,200,000 24.00 Fixed expenses 840,000 16.80 Net operating income 360,000 7.20 Income taxes @ 30% 108,000 2.16 Net income $ 252,000 $ 5.04 The company had average operating assets of $2,000,000 during the year. At the beginning of the year, the company uses $200,000 of cash (received on accounts receivable) to repurchase and retire some of its common stock At the beginning of the year, the company uses $200,000 of cash (received on accounts receivable) to repurchase and retire some of its common stock. (Round your intermediate calculations and final answers to 2 decimal places.) Effect Margin 6.30selected answer incorrect % not attempted Turnover 2.00selected answer incorrect not attempted ROI 12.60selected…The contribution format income statement for Huerra Company for last year is given below: Total Unit Sales $ 4,000,000 $ 80.00 Variable expenses 2,800,000 56.00 Contribution margin 1,200,000 24.00 Fixed expenses 840,000 16.80 Net operating income 360,000 7.20 Income taxes @ 30% 108,000 2.16 Net income $ 252,000 $ 5.04 The company had average operating assets of $2,000,000 during the year. 4. The company issues bonds and uses the proceeds to purchase machinery and equipment that increases average operating assets by $500,000. Interest on the bonds is $60,000 per year. Sales remain unchanged. The new, more efficient equipment reduces production costs by $20,000 per year. 5. As a result of a more intense effort by salespeople, sales are increased by 20%; operating assets remain unchanged. 6. At the beginning of the year, obsolete inventory carried on the books at a cost of $40,000 is scrapped and written off as a loss. 7. At the beginning…