what is the sales amount needed in spite of 15% increase in variable cost of candy?
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In 2019, Prestige Company presented the net income after(40%) tax of $5,520,000 as follows: Average sales price per box is $200; Variable cost of candy per box $100; Variable marketing cost $20; Annual fixed marketing cost $8,000,000; Annual fixed administrative cost $14,000,000. In 2020, to maintain the 2019 net income after tax and sales price $200 per box, what is the sales amount needed in spite of 15% increase in variable cost of candy?
$55,000,000
$96,000,000
$67,692,308
$78,000,000
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- Can you get the last answer please? It is not 354,820.A Corporation generated these gross profits during the past recent years when the sales price was 10% lower during 2020 compared to 2019. 2020 Sales P1,944,000; 2020 Cost of Sales P1,152,000; 2019 Sales P1,900,800; 2019 Cost of Sales P1,113,600. The decrease in gross profit due to decrease in selling price must be * The sales volume variance must be * P259,200 UF P259,200 F P216,000 F P151,200U FBaryans Corporation provided the following partial income statements and detailed information for the past two years: 2021 2020 Changes Sales P360,000 P192,000 P168,000 Cost of sales 158,400 96,000 62,400 Gross income 201,600 96,000 105,600 Unit selling price P150 P120 Unit cost P66 P60 Quantity sold 2,400 1,600 How much is thr sales pricr variance? 72,000 favorable 72,000 unfavorable 57,600 unfavorable 57,600 unfavorable Refer to the case of Baryans Corporation. How much is the sales volume variance? 96,000 fav. 96,000 unfav. 48,000 unfav. 48,000 fav. Refer to the case of Baryans Corporation. How much is the cost price variance? Refere to the case Baryans Corporation. How much is the cost volume variance?
- In 2020, the Allen Company had consulting revenues of $1,000,000 while operating costs were $750,000. In 2021, Allen will be introducing a new service that will generate $150,000 in sales revenues and $60,000 in operating costs. Assuming no changes are expected for the other services, the differential revenue for 2021 will be: Multiple Choice $250,000. $60,000. $150,000. $90,000.In 2019, Dela Cruz Company presented the net income after(40%) tax of P5,520,000 as follows: Average sales price per box is P200; Variable cost of candy per box P100; Variable marketing cost P20; Annual fixed marketing cost P8,000,000; Annual fixed administrative cost P14,000,000. In 2020, to maintain the 2019 contribution margin ratio, Dayao will increase sales price per box due to increase in cost of candy per box by 15%. All other cost remain the same. What is the new break-even sales volume? 480,000 275,000 244,444 338,462The table given below summarizes the 2019 income statement and end-year balance sheet of Drake’s Bowling Alleys. Drake’s financial manager forecasts a 10% increase in sales and costs in 2020. The ratio of sales to average assets is expected to remain at 0.40. Interest is forecasted at 5% of debt at the start of the year. Income Statement $ in thousands Sales $ 2,600 (40% of average assets)a Costs 1,950 (75% of sales) Interest 105 (5% of debt at start of year)b Pretax profit 545 Tax 218 (40% of pretax profit) Net income $ 327 aAssets at the end of 2018 were $6,240,000. bDebt at the end of 2018 was $2,100,000. Balance Sheet $ in thousands Net assets $ 6,760 Debt $ 2,100 Equity 4,660 Total $ 6,760 Total $ 6,760 a. What is the implied level of assets at the end of 2020? (Enter your answer in dollars not in thousands.) b. If the company pays out 50% of net income as dividends, how much cash will Drake need…
- Jim's Espresso expects sales to grow by 10.4% next year. Using the following statements LOADING... and the percent of sales method, forecast: a. Costs b. Depreciation c. Net Income d. Cash e. Accounts receivable f. Inventory g. Property, plant, and equipment (Note: Make sure to round all intermediate calculations to at least five decimal places.) The Tax Cuts and Jobs Act of 2017 temporarily allows 100% bonus depreciation (effectively expensing capital expenditures). However, we will still include depreciation forecasting in this chapter and in these problems in anticipation of the return of standard depreciation practices during your career. Income Statement Sales $207,620Costs Except Depreciation (100,360)EBITDA $107,260Depreciation (6,050)EBIT $101,210Interest Expense (net) (500)Pretax Income $100,710Income Tax (35,249)Net Income $65,461 Balance Sheet Assets Cash and Equivalents $14,990Accounts Receivable 1,980Inventories…1) A Corporation generated these gross profits during the past recent years when the sales price was 10% lower during 2020 compared to 2019. 2020 Sales P1,944,000; 2020 Cost of Sales P1,152,000; 2019 Sales P1,900,800; 2019 Cost of Sales P1,113,600. The sales volume variance must be P259,200 UF P259,200 F P216,000 F P151,200U F 2) A Corporation generated these gross profits during the past recent years when the sales price was 10% lower during 2020 compared to 2019. 2020 Sales P1,944,000; 2020 Cost of Sales P1,152,000; 2019 Sales P1,900,800; 2019 Cost of Sales P1,113,600. The change in gross profit due to change in quantity sold must be * P151,896 UF P259,200 F P107,304 UF P107,304 FAnalyzing Operational ChangesOperating results for department B of Shaw Company during 2019 are as follows: Sales $800,000 Cost of goods sold 480,000 Gross profit 320,000 Direct expenses 200,000 Common expenses 123,000 Total expenses 323,000 Net loss $(3,000) If department B could maintain the same physical volume of product sold while raising selling prices an average of 6% and making an additional advertising expenditure of $40,000, what would be the effect on the department’s net income or net loss? (Ignore income tax in your calculations.) Use a negative sign with your answer to indicate if the effect increases the company's net loss. If Department B increased its selling price by 6%, the effect on net income (loss) would be $Answer
- Kling Inc. has only two retail and two wholesale customers. Information relating to each customer for 2020 follows: (Click the icon to view the customer-level operating income.) (Click the icon to view the data.) Kling's annual distribution-channel costs are $32,000 for wholesale customers and $13,000 for retail customers. The company's annual corporate costs are $45,000. There is no cause-and-effect or benefits-received relationship between any cost-allocation base and corporate-sustaining costs. That is, Kling could save corporate-sustaining costs only if the company completely shuts down. Requirement Prepare a customer-cost hierarchy report. First, determine the formula and then enter the amounts to calculate the total customer costs for each customer. (Abbreviations used: W. = West; E. = East; Dist. = Distribution; oper. = operating; inc. = = income.) W. Region E. Region Stock Inc. Darby Corp + + + || || Total customer-level costsHow many units of Product Excellence would have to be sold in October 2021 in order to generate an net income after tax of P22,500?Gallo Light began operations in 2018. The company sometimes sells used warehouses on an installment basis. In those cases, Gallo Light reports income in its income statement in the year of the sale. In its income tax return, though, Gallo Light reports installment income by the installment method. Installment income in 2018 was $90,000, which Gallo Light expects to collect equally over the next three years. The tax rate is 30%, but based on an enacted law, is scheduled to become 35% in 2020. Gallo Light's pretax accounting income from the 2018 income statement was $830,000, which includes $40,000 of interest revenue from an investment in municipal bonds. There were no differences between accounting income and taxable income other than those described above.Required:(1.) Prepare the appropriate journal entry to record Gallo Light's 2018 income taxes. Show calculations.(2.) What is Gallo Light's 2018 net income?
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