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
- Gloria 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.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 __________________.Becca wants to save $900 per quarter for 3 years towards the purchase of an appliance. She feels that she can earn 5.42% compounded quarterly for this period of time. If she starts immediately, what is the most expensive appliance that she can purchase?
- A father is now planning a savings program to put his daughter through college. She is 13, plans to enroll at the university in 5 years, and she should graduate 4 years later. Currently, the annual cost (for everything - food, clothing, tuition, books, transportation, and so forth) is $18,000, but these costs are expected to increase by 6% annually. The college requires total payment at the start of the year. She now has $6,000 in a college savings account that pays 8% annually. Her father will make six equal annual deposits into her account; the first deposit today and sixth on the day she starts college. How large must each of the six payments be? (Hint: Calculate the cost (inflated at 6%) for each year of college and find the total present value of those costs, discounted at 8%, as of the day she enters college. Then find the compounded value of her initial $6,000 on that same day. The difference between the PV of costs and the amount that would be in the savings account must be…A father is now planning a savings program to put his daughter through college. She is 13, plans to enroll at the university in 5 years, and she should graduate 4 years later. Currently, the annual cost (for everything - food, clothing, tuition, books, transportation, and so forth) is $19,000, but these costs are expected to increase by 6% annually. The college requires total payment at the start of the year. She now has $8,500 in a college savings account that pays 8% annually. Her father will make six equal annual deposits into her account; the first deposit today and sixth on the day she starts college. How large must each of the six payments be? Do not round intermediate calculations. Round your answer to the nearest dollar. (Hint: Calculate the cost (inflated at 6%) for each year of college and find the total present value of those costs, discounted at 8%, as of the day she enters college. Then find the compounded value of her initial $8,500 on that same day. The difference…A father is now planning a savings program to put hisdaughter through college. She is 13, plans to enroll at the university in 5 years, and shouldgraduate 4 years later. Currently, the annual cost (for everything—food, clothing, tuition,books, transportation, and so forth) is $12,000, but these costs are expected to increase by6% annually. The college requires total payment at the start of the year. She now has $10,000in a college savings account that pays 9% annually. Her father will make six equal annualdeposits into her account; the first deposit today and the sixth on the day she starts college.How large must each of the six payments be? (Hint: Calculate the cost (inflated at 6%) foreach year of college and find the total present value of those costs, discounted at 9%, as ofthe day she enters college. Then find the compounded value of her initial $10,000 on thatsame day. The difference between the PV of costs and the amount that would be in the savingsaccount must be made up by the…
- You run a school in Florida. Fixed monthly cost is $5,201.00 for rent and utilities, $6,083.00 is spent in salaries and $1,053.00 in insurance. Also every student adds up to $95.00 per month in stationary, food etc. You charge $653.00 per month from every student now. You are considering moving the school to another neighborhood where the rent and utilities will increase to $10,480.00, salaries to $6,166.00 and insurance to $2,034.00 per month. Variable cost per student will increase up to $173.00 per month. However you can charge $1,155.00 per student. How much do you currently charge per student? Submit Answer format: Number: Round to: O decimal places.Claire wants to buy a new jacuzzi. The jacuzzi costs $$1550. Claire decides to finance the jacuzzi for 24 months at an APR of 13.5%. Determine Claire's monthly payment. Round your answer to the nearest cent, if necessary.You run a school in Florida. Fixed monthly cost is $6,000.00 for rent and utilities, $6,105.00 is spent in salaries and $1,241.00 in insurance. Also every student adds up to $102.00 per month in stationary, food etc. You charge $625.00 per month from every student now. You are considering moving the school to another neighborhood where the rent and utilities will increase to $11,084.00, salaries to $6,473.00 and insurance to $2,057.00 per month. Variable cost per student will increase up to $187.00 per month. However you can charge $1,030.00 per student. At what point will you be indifferent between your current mode of operation and the new option? Submit Answer format: Number: Round to: 0 decimal places.
- Suppose that a young couple has just had their first baby and they wish to ensure that enough money will be available to pay for their child's college education. Currently, college tuition, books, fees, and other costs, average $12,500 per year. On average, tuition and other costs have historically increased at a rate of 4% per year. Assuming that costs continue to increase an average of 4% per year, how much is the tuition and other costs for one year for this student in 18 years when she enters college?Philip works at a nursing home as an aide and earns $27,000 a year. IF he went to school to get a nursing degree he could earn $50,000 in the first year. Philip knows this but he also knows that tuition and fees at a nearby college could cost about $45,000(total). He can get a student loan for 5% with 10 years to repay the loan. What is the total cost of the student loans?You run a school in Florida. Fixed monthly cost is $5,373.00 for rent and utilities, $6,124.00 is spent in salaries and $1,233.00 in insurance. Also every student adds up to $102.00 per month in stationary, food etc. You charge $668.00 per month from every student now. You are considering moving the school to another neighborhood where the rent and utilities will increase to $10,770.00, salaries to $6,328.00 and insurance to $2,315.00 per month. Variable cost per student will increase up to $158.00 per month. However you can charge $1,109.00 per student. At what point will you be indifferent between your current mode of operation and the new option?