This is a 2.5 years old store. Last year CP is $109,350, Bonus is $4,500 and Worker Comp is $900. This year CP is $116,400, Bonus is $3,600 and Worke based on this data? О 5600 О $500 O 5400 O 5300 $138.404 S136.151 O $135.505 O 5148.479 Net sales = $135,342 Employee Meals = $1,920 Discounts - $155 Coupons/promotions = $987 What is the Gross Sales? Net sales last year is $88,000. Net sales this year is $97.500. What is the SSS? O 12.2% О 11.7% O 10.8% O 9.9%
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- Jenny's Pottery Store is a small retail company that has the following information pertaining to current year operations. Sales (2,500 fruit bowls) Cost of goods sold Manager's salary allocation Rent cost allocation Advertising Commissions (10% of sales) What are the estimated total costs if Jenny's expects to sell 3,000 units next year? A) $86,700 B) $98,700 C) $76,700 D) $88,700 $100,000 45,000 20,000 700 2,000 10,000 E) $84,240Alard Manufacturing Company has a billing department staffed by four billing clerks. Each clerk is paid 32,000 per year and is able to process 8,000 bills. Last year, 27,360 bills were processed by the four agents. Calculate the unused capacity in terms of number of bills. a. 27,360 b. 4,640 c. 8,000 d. 32,000The following date relates to Your Company: Total Store 1 Store 2 Sales $2,100,000 $1,300,000 $800,000 VC $1,065,000 $585,000 $480,000 CM $1,035,000 $715,000 $320,000 Traceable fixed costs $497,500 $165,000 $332,500 Segment margin $537,500 $550,000 ($12,500) Common fixed costs $370,000 $210,000 $160,000 $167,500 $340,000 ($172,500) NI Your Company is considering closing Store 2. If Store 2 is closed, 65% of its traceable fixed expenses could be avoided. Also, the closing of Store 2 would result in a 15% increase in sales in Store 1. Your Company allocates common fixed expenses on the basis of sales dollars and none of these costs would be saved if a store were shut down. What is the increase or (decrease) in the net income if Store I is closed? Enter an increase as a positive number and a decrease wtih a minus sign in front.
- The most recent monthly income statement for Your Company 1s given below: total store 1 store 2 Sales $2,100,000 $1,300,000 $800,000 VC $1,260,000 $882,000 $378,000 CM $840,000 $418,000 $422,000 Traceable fixed costs $420,000 $231,000 $189,000 Segment margin $420,000 $187,000 $233,000 Common fixed costs $350,000 $210,000 $140,000 $70,000 ($23,000) $93,000 NI Your Company is considering closing Store I. If Store I is closed, one-fourth of its traceable fixed expenses would continue to be incurred. Also, the closing of Store I would result in a 20% decrease in sales in Store II. Your Company allocates common fixed expenses on the basis of sales dollars and none of these costs would be saved if a store were shut down. What is the increase or (decrease) in the net income if Store I is closed? enter an increase as a positive number and a decrease as a negative number.he following are some accounts pertaining to the rooms division of XYZ Inn. Salaries and wages $10,000 Operating supplies $5,000 Sales $200,000 Laundry $9,000 Commissions $2,000 Dry cleaning $500 Uniforms $200 Fringe benefits and payroll taxes 10% of salaries and wages Other expenses 3% of sales Using the information provided above, what would the total rooms revenue be equal to on the rooms department schedule for XYZ Inn?If BEP in dollars is $730,000, and average sale per customer is $5, then what is the number of customers required per day to break even (assuming a shop is open every day)? Multiple Choice 730 400 4,000 260 520
- 6. Consider the two ads for an accounting clerk. If you worked 40 hours per week for 50 weeks, how much would each ACCOUNTING CLERK: $18,500 Fast paced CRT, type 60 wpm, benefits, 865-9281. 5640 Southwyck ACCOUNTING CLERK: $16,500/yr Salary "Great company" Full benefits! Interviewing now! Call Polly/Sue 243-2222. company pay per hour? 770EBA MichelleHong noticed than e ay per Copyright The McGraw-HilThe manager of Bernadette Company has a plan to increase sales vorume ut the store. The average operating results for each week are given below: Sales revenue Variable costs Fixed costs for one week P120,000 90,000 20,000 The manager plans to bring shoppers into the store by having a weekly raffle for a prize of P2,000. For every twenty pesos of merchandise purchased, the shopper will receive a numbered ticket for the raffle. The variable cost tO print and distribute the tickets has been estimated Promotion and other fixed costs in connection with the raffle have been estimated at PI,000 per week. at PO.40 per ticket. The manager estimated that sales can be doubled with the weekly raffle. The regional manager is skeptical and believes that the cost of promotion will be vary high although it may increase sales slightly to P130,000 a week. REQUIRED: 1. Compute the average weekly net income they are making at present without the raffle. 2. Compute the sales revenue required to break-even…A factory sells an item to the wholesalers at a profit of 5%. The wholesaler sells the item to the retailer at a profit of 10%. The retailer sells the item to the public at a profit of 25%. All businesses add VAT of 15%. Required: 2.1 Complete the following table. Factory Wholesaler Retailer Cost Price R 600 ? 5 430,00 ? 3 345,60 ? ? 100,00 ? ? Profit ? ? 2.2 Complete the table below by calculating the missing amounts. Amount (R) VAT (R) 156,80 ? ? VAT ? ? ? 15,68 0 Exempt Selling Price ? ? ? TOTAL (R) ? ? 4058,40 ? ? 74,90 ?
- South Georgia Appliance Store is a small company that has hired you to perform some management advisory services. The following information pertains to 2021 operations. Sales (6,000 microwave ovens) $6,000,000 Cost of goods sold 870,000 Store manager's salary per year 192,000 Operating costs per year 305,000 Advertising and promotion per year 40,000 Commissions (4.1% of sales) 246,000 What are the estimated total costs if South Coast's store expects to sell 8,900 units next year? a) $901,900.5b) $2,073,500c) $3,567,950d) $2,192,400The following data is available for Vaughn Repair Shop for 2022: Repair technicians' wages Employee benefits Overhead Total $380000 70000 60000 $510000 The desired profit margin is $34 per labor hour. The material loading charge is 40% of invoice cost. It is estimated that 5000 labor hours will be worked in 2022. Vaughn' labor charge per hour in 2022 would be $102. $110. $124. $136.Bakeryco sells cakes and croissants. Its only constraint is total employee work hours of 300 per week. SFco would like to order 1240 croissants and pay $5.30 each for them. Given the information below, should Bakeryco take SFco’s order? Cakes Croissants Usual Price $32 $6.50 VC $18.50 $1.95 Time required to make 90 minutes 3 minutes Current sales volume 123 per week 2,120 per week
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