what is the sales amount needed in spite of 15% increase in variable cost of candy?

Q: lso, at year-end 2019, current liabilities were $1 million, consisting of $300,000 of notes payable,…

A: Self-supporting growth rate (SSGR) is the maximum growth rate a company can achieve without relying…

Q: Abacus Co. reported net income of P2,100,000 for 2020 . It incurred operating expenses other than…

A: The gross profit is the excess of net sales over the cost of goods sold. Operating profit can be…

Q: Maggie's Muffins Bakery generated $4 million in sales during 2019, and its year-end total assets…

A: concept. self-supporting growth rate = (Profit margin×Retention ratio×Current sales)(total…

Q: Use the following information for Taco Swell, Incorporated, (assume the tax rate is 21 percent):…

A: Income and balance sheet statements:

Q: 9. Chicken Wings Company's profit before tax for the six months to September 30, 2021, was…

A: As per IAS 34 Interim Financial Reporting, while calculating income tax expenditure, tax rate should…

Q: Sammie reported the following for the taxable year 2022. Vatable ending inventory for March is…

A: In Philippines generate Vat tax rate is 12% on goods and services provided in the domestic territory…

Q: Cullumber Bakery began selling gift cards in 2025. Based on industry norms, they expect that 40% of…

A: Deferred revenue for which amount has been received, but these will be earned later on.Gift card…

Q: own payment: 20% nstallment sales: P545, 000 in 2020, P785,000 in 2021, and P968,000 in 2022 Markup…

A: Realized gross profit  on instalment basis is equal to the amount of cash collected X gross profit %…

Q: Crane Bakery began selling gift cards in 2025. Based on industry norms, they expect that 30% of the…

A: Deferred revenue for which amount has been received, but these will be earned later on.Gift card…

Q: In 2021, Trinh Products had sales of $438,000, cost of goods sold of $286, 000, ending inventory of…

A: The ratio analysis helps to analyze the financial statements of the business. The cash cycle is…

Q: In the December 31, 2020 Income Statement, what amount of loss on purchase commitment should be…

A: Step 1 Loss is to be reported on the basis of contracted amount over the fair value.

Q: during 2019. The change in gross profit due to change in cost price must be:

A: Gross profit % = Gross profit / Sales Gross profit is one of the operational performance indicators.…

Q: In 2021, Holyoak Inc. offers a coupon for $20 off qualifying purchases of its new line of products.…

A: Coupons basically a facility provided to customer to return or repair the product if there any…

Q: A Muffins Bakery generated $2 million in sales during 2019, and its year-end total assets were $1.1…

A: Two type of growth rates are being used in business. One is internal growth rate and other is self…

Q: The loss that Creative Construction Company should have recognized in 2019 is

A: As the question specifies it uses percentage of completion method of recognizing revenue. i.e the…

Q: Johnny’s Hardware Store’s sales were $550,000 during 2019, and its year-end assets were $440,000.…

A: As per the honor code, We’ll answer the first question since the exact one wasn’t specified. Please…

Q: During 2021, Thurs Company offered a P30 cash rebate coupon to customers who purchased one of its…

A: Thurs Company offered a P30 cash rebate coupon to customers who purchased one of its new lines of…

Q: days for the year, decreasing from 43 For 2023, Grace Enterprises reported sales of $2,700,000, cost…

A: The following information has been provided,FY 2023,Sales = $2,700,000Cost of Goods Sold =…

Q: In 2018, the total costs of operations (excluding income tax) amounted to P1,680,000. Included in…

A:

Q: If HOTEL’s tax rate is 30%, what amount should it report as bad debts expense in the income…

A: Solution Introduction When there is change in the accounting estimate the effect of the change shall…

Q: In 2019, Sheffield Corp. sold 3800 units at $600 each. Variable expenses were $420 per unit, and…

A: Net income represents the amount of revenue earned in excess of expenses.

Q: In 2021, due to a change in marketing forecasts, Barney Corporation reduced the projected life of…

A: As per IAS 8 Accounting policies, Changes in accounting estimates and Errors A change is…

Q: During 2020, ABC Company sold 500,000 boxes of brownies mix under a new sales promotional program.…

A: Net premium expense = Cost of baking pan + Handling and Shipping - Remittance from customer = 50 + 5…

Q: Pierce Corporation has the following gross profits for 2018 and 2019: Sales = 2019 - P810,000; 2018…

A: Calculation of Sales Value if There would be no reduction in sales price.    Sales (2018) = P792000…

Q: owance of P194,400. Cash of P32,400 was paid in paid in ten monthly installments due at the end of…

A: The gross profit ratio (GP ratio) is a financial statistic that divides a company's gross profit by…

Q: Sandhill Corporation, a manufacturer of ethnic foods, contracted in 2020 to purchase 560 pounds of a…

A: Inventory: It is the asset of any entity which could be a finished good or stock that will be held…

Q: During 2020 Quail, Inc. had sales of $86,000. In addition, during 2020 Quail received $4,000 in cash…

A: Net sales means the amount of revenue earned and cost of goods sold means the cost of goods which…

Q: In 2019, Dayao Company presented the net income after(40%) tax of P5,520,000 as follows: Average…

A: Contribution margin per unit = Sales price - total variable cost           = 200 - (100 + 20)…

Q: You are looking into the accounts of a company that has presented using LIFO for inventory.  You see…

A: LIFO Reserve is the measurement of the difference between the FIFO and LIFO cost of inventory.