Three years ago, Marissa Moore started a business that creates and delivers holiday and birthday gift baskets to students at the local university. Marissa sells the baskets for $28 each, and her variable costs are $18 per basket. She incurs $12,500 in fixed costs each year. How many baskets will Marissa have to sell this year if she wants to earn $29,300 in operating income?
Q: Provide answer
A: Explanation of Average Total Assets: Average total assets is a financial metric that represents the…
Q: Brighton Electronics sold 4,200 units in December at a sales price of $50 per unit. The variable…
A: Step 1: Analysis of the information givenUnits sold = 4,200 unitsSelling price per unit =…
Q: Give true answer this financial accounting
A: Step 1: Define DepreciationDepreciation is the systematic allocation of the cost of a tangible asset…
Q: Sub: financial accounting
A: Step 1: Calculation of net incomeNet income = Annual sales × Profit margin rateNet income = $5,200 ×…
Q: Answer this without using Chatgtp or AI
A: Concept of Stockholders' Equity: Stockholders' equity represents the owners' claim on the company's…
Q: Need help with this financial accounting question
A: Step 1: Define Straight-Line DepreciationStraight-Line Depreciation This is a method of depreciation…
Q: Provide correct solution accounting
A: a. Due date of the noteStart Date: August 7Term: 30 daysDue Date: August 7 + 30 days = September 6b.…
Q: ???
A: Explanation of Net Sales: Net sales represents the actual revenue earned after deducting sales…
Q: Newhard Company assigns overhead costs to jobs on the basis of 125% of direct labor costs. The job…
A: Explanation of Total Manufacturing Cost:Total manufacturing cost represents the total expense…
Q: What is the return on equity ???
A: To calculate the return on equity (ROE), use the formula: ROE = Net Income / Equity Step 1:…
Q: Question:15 marks
A: To calculate the book value of the asset on December 31, 2012, using the straight-line depreciation…
Q: General accounting
A: Step 1: Define PatentPatent is a privilege given to investors by a government agency to protect…
Q: A dress company has the following standards
A: Detailed explanation:Formula: Direct Materials Quantity = (Actual quantity usage in units - Standard…
Q: When should modified attribution analysis replace direct assignment?
A: Explanation of Modified Attribution Analysis: This is a sophisticated cost allocation method used…
Q: I need help with accounting
A: 1. Calculate the weight of debt and equity:Weight of Debt: Debt-to-Equity Ratio / (1 +…
Q: What is the gross profit margin?
A: To calculate the gross profit margin, we first calculate the gross profit and then divide it by net…
Q: General Account
A: Detailed explanation:Formula : Accounts Receivable Turnover = Net Credit Sales / Average Net…
Q: Brookfield s net income for September is?
A: Explanation of Revenue: Revenue represents the total amount of money a business earns from its…
Q: Need correct answer general Accounting question
A: Detailed explanation:Given:Principal, $44,300Interest Rate, 8% per year Time, 8 years Required :…
Q: Can you please answer the general accounting question?
A: Step 1: Define Degree of Operating Leverage (DOL)The Degree of Operating Leverage (DOL) is a…
Q: Bayside Manufacturing's budgeted variable overheads for a period amounted to $30,000. During this…
A: Explanation of Variable Overhead: Variable overhead represents indirect manufacturing costs that…
Q: Please give me true answer this financial accounting question
A: Step 1: Definition of Price-Earnings RatioThe Price-Earnings (P/E) Ratio is a valuation ratio that…
Q: Willow manufacturing estimated it's manufacturing overhead
A: Explanation of Predetermined Overhead Rate:The predetermined overhead rate is a calculated rate used…
Q: Step by step answer
A: Explanation of Equivalent Units of Production (EUP): Equivalent units of production represent the…
Q: What is the Net Sales Revenue for Evergreen Supplies ???
A: Explanation of Net Sales Revenue:Net Sales Revenue is the total revenue generated from a company's…
Q: Organization/Industry Rank Employer Survey Student Survey Career Service Director Survey Average Pay…
A: For the given data perform regression analysis in excel. 1. Is the relationship between the…
Q: Question 1. Pearl Leasing Company agrees to lease equipment to Martinez Corporation on January 1,…
A: The value of the lease liability at lease commencement is the present value of the minimum lease…
Q: Need help with this financial accounting
A: Step 1: Define Total Asset Turnover RatioThe Total Asset Turnover Ratio is a financial metric that…
Q: Compute the profit margin for each division on these general accounting question
A: Step 1: Define Profit MarginProfit margin, also known as return on sales, measures the percentage of…
Q: Answer
A: Resource consumption sequencing affects cost accumulation because the order in which costs are…
Q: Given correct answer general Accounting question
A: Step 1: Define Loan InterestIn economics and finance, loan interest is the cost one pays for…
Q: Explore the concept of accounting flexibility and its impact on the reliability and usefulness of…
A: Accounting Flexibility and Its Impact Accounting flexibility refers to the ability of organizations…
Q: Matthew Incorporated, owns 30 percent of the outstanding stock of Lindman Company and has the…
A: a. Equity method income Start with Matthew's share of Lindman's net income:30% (ownership) * $90,000…
Q: The Tin company uses the straight-line method to depreciate its equipment. On May 1, 2018, the…
A: Concept of Depreciation Expense: Depreciation expense is the allocation of the cost of a tangible…
Q: General Accounting
A: Step 1: Define Annual Depreciation RateThe annual depreciation rate represents the percentage of the…
Q: PUG company's revenue for March is
A: Concept of Revenue (Accrual Basis):Revenue on an accrual basis refers to income earned during a…
Q: Tutor please provide correct answer
A: Explanation of Raw Materials Used: Raw materials used represent the total amount of raw materials…
Q: Please solve this general accounting question
A: Step 1: Define Return on Investment (ROI)Return on Investment (ROI) is a financial metric used to…
Q: Please provide solution this financial accounting question
A: Step 1: Define Total Cost of Work-in-Process (WIP)The total cost of work-in-process includes the…
Q: Don't use ai given answer accounting questions
A: a. Proceeds of the Note (Interest Rate of 8%) To calculate the proceeds of the note, we first need…
Q: Solve these general accounting question
A: Step 1: Define Merchandise PurchasesMerchandise purchases refer to the total amount of goods a…
Q: What is the sustainable rate of growth general accounting
A: To calculate the sustainable growth rate (SGR), we use the formula: SGR = ROE × (1 - Dividend Payout…
Q: General Accounting
A: To calculate the balance in Accumulated Depreciation at the end of 2024 using the…
Q: The information below for Sundar Company
A: Explanation of Cost of Goods Manufactured (COGM):Cost of Goods Manufactured (COGM) refers to the…
Q: None
A: To compute the dollar markup and the markup percent based on the cost of the rebuilt motor, follow…
Q: Please provide answer
A: Explanation of Job Costing System:A job costing system is a method used by companies to assign costs…
Q: Financial Accounting Question please solve
A: Step 1: Define Interest ExpenseInterest expense is the cost incurred by a company for borrowing…
Q: Can you please answer this financial accounting question?
A: To calculate the share price of Phoenix Corp. without the increase in leverage, we use the formula:…
Q: Compute the target selling price per unit?
A: Explanation of Direct Materials Cost: Direct materials cost represents the cost of raw materials…
Q: What is the direct labor rate variance of these general accounting question?
A: Step 1: Define Direct Labor Rate VarianceDirect labor rate variance measures the difference between…
Opereting income?
Step by step
Solved in 2 steps
- Three years ago, Marissa Moore started a business that creates and delivers holiday and birthday gift baskets to students at the local university. Marissa sells the baskets for $25 each, and her variable costs are $15 per basket. She incurs $12,000 in fixed costs each year. How many baskets will Marissa have to sell this year if she wants to earn $30,000 in operating income? (Round answer to 0 decimal places, e.g. 5,275.)need help this questionsSolve this one
- Three years ago, Dorothy Taylor started a business that creates and delivers holiday and birthday gift baskets to students at the local university. Dorothy sells the baskets for $33 each, and her variable costs are $23 per basket. She incurs $11,600 in fixed costs each year. (a) How many baskets will Dorothy have to sell this year if she wants to earn $28,000 in operating income? (Round answer to O decimal places, eg. 5,275) basketsplease solve general account questionsGloria is planning on opening a cake shop. She has found a location that rents for $15,550 per year and it will cost her another $13,716 to furnish the shop and purchase all the necessary equipment. She plans on charging $20 for a cake and it will cost her $3 per cake for ingredients and $1.92 per cake for decorations and $1.59 per cake for the beautiful, colorful to-go boxes. What is the dollar breakeven point she will need to earn to cover her costs in the first year? Round to the nearest whole number.
- Jocelyn has an internet business selling paint sets. After an initial website fee each week, she makes profit of $0.75 on each set she sells. If she sells 8 sets and she makes $2.25; what's the equation representing her weekly possible earnings?Meg O’Byte wants to buy a new computer for her business for Internetaccess on a cable modem. The computer system cost is $5,100. The cablecompany charges $200 (including the cable modem) for installation and hasa $50 a month usage fee for businesses, paid at the end of the month. Megexpects to buy the system with a $100 down payment, financing the balanceat 8 percent over the next 4 years. She will sell the computer for $1,000when she upgrades. She expects a $500 a month increase in cash flow and isin the 25 percent tax bracket.a. The start-up costs are __________________.b. The PVC is __________________.c. The PVB is __________________.d. The monthly payment for the computer is __________________.After three years in the cake shop business, Gloria has decided she can now afford to advertise. An advertising package would cost her $30,416 for one year. Assuming advertising is a fixed cost and her unit contribution is now $8.75, how many additional cakes would she need to sell to make the advertising package worthwhile? That is, how many additional cakes does she need to sell to pay for the advertising and breakeven. Round to the nearest whole number.
- Radien runs her own hot dog stand on the U of A campus. The monthly cost of the cart rental and business permit is $1,100. Raiden spends $2.50 on each hot dog sold, including bun and condiments. She sells each hot dog for $5.00. 1. What is the contribution margin per unit? 2. What is the contribution margin ratio? 3. Predict operating income for a month in which Raiden sells 1,300 hot dogsMagnuson is considering buying an eight-harness loom so that she can weave with more intricate patterns in linen. The new loom costs $1,000 and would be depreciated $20 per month. Her bank has agreed to lend her $1,000 at 18% interest per year, $200 payment of principal, plus accrued interest payable each December 31. Magnuson believes she can weave 15 linen place mat sets in time for the Christmas rush if she does not weave any cotton mats. She predicts that each linen set will sell for $50. Linen costs $18 per set. Magnuson's supplier will sell her linen on credit, payable December 31. Magnuson plans to keep her old loom whether or not she buys the new loom. The balance sheet for her weaving business at August 31, 2016, is as follows: Assets Current Assets: Cash Inventory of cotton Total Current Assets Property, Plant, and Equipment: Loom Less: Accumulated Depreciation Total PP&E Total Assets ANNE MAGNUSON, WEAVER Balance Sheet August 31, 2016 $25 175 200 500 (240) 260 $ 460 Current…Garrick is purchasing equipment for his job as a builder. The equipment costs $1000 and he wants to make monthly payments of $125. He has two different credit cards that he can use to finance the purchase. • Card A charges 9.9%, compounded daily, but it also charges a fee of $65 for all purchases over $1000 that is immediately added to the balance. • Card B charges 13.3%, compounded daily. What is the total cost of both options? Enter the total cost of the cheaper option here: Answer: