What percentage change in sales occurs if profits increase by 4% when the firm's degree of operating leverage is 4.2?
Q: Tyson manufacturing company produces and sells 120,000 units of a single product. Variable costs…
A: Given:sales = $120,000Variable cost = $340,000Fixed cost = $480,000Selling price = $12…
Q: Waiting for your solution general Accounting question
A: Step 1: Define Days Sales Outstanding (DSO)Days Sales Outstanding (DSO) measures the average number…
Q: Please give me answer accounting
A: Calculate the Earnings Per Share (EPS)EPS = Net Income / Number of Outstanding SharesEPS =…
Q: Abc ?
A:
Q: None
A: 1. Find the Due DateThe deposit was made on October 1 for 60 days.October has 31 days, so after 31…
Q: What is the amount of current assets
A: Given:Cash = $35,600Account receivable = $26,000Supplies = $61,300 Formula:Total current assets =…
Q: None
A: Approach to solving the question:freeform Detailed explanation: The degree of operating leverage…
Q: Need Ans general Accounting
A: Step 1: Define Dividends PaidDividends are distributions of a company's net income to shareholders.…
Q: answer plz
A: To calculate Maria's capital gains yield, we use the formula: Capital Gains Yield =((Selling Price…
Q: General accounting question
A: Step 1: Introduction to cash flow statementCash flow statement refers to a financial statement…
Q: Problem related general Accounting
A: Concept of Average Total AssetsAverage total assets represent the mean value of a company's assets…
Q: Provide answer with calculation
A: Step 1: Analysis of information givenOwners' equity at the beginning of the year = $119,000Net…
Q: Accounting 12
A: Concept of RevenueRevenue is the total amount of money a business earns from its operations before…
Q: Answer? ? General Accounting
A: Step 1: Define Gross Profit PercentageThe Gross Profit Percentage measures the proportion of net…
Q: Headland Company pays its office employee payroll weekly. Below is a partial list of employees and…
A: Final Journal Entries1st Entry: To Record Payroll 1Account Title &…
Q: Answer this Question
A: Concept of Gross Profit MarginGross profit margin is a financial metric that shows the percentage of…
Q: Give me this question general accounting
A: To determine Syed Enterprises' gross profit, focus on the relationship between revenues and the cost…
Q: What is the maturity value of the note on mar. 1 ?
A: 1. Calculate the InterestInterest = Principal x Rate x TimeInterest = $9,000 x 10% x (120 days / 360…
Q: How many shares were issued and outstanding?
A: Step 1: Define Issued SharesThe subset of approved shares that have been sold to and held by…
Q: Need help with this financial accounting question
A: Step 1: Define Contribution Margin (CM) RatioThe Contribution Margin Ratio (CM Ratio) measures the…
Q: Provide answer please
A: Step 1: Definition of Predetermined Overhead RateThe predetermined overhead rate is calculated…
Q: What is the company's degree of operating leverage?
A: Explanation of Degree of Operating Leverage (DOL): The degree of operating leverage measures how…
Q: General Account
A: Step 2: Calculate Days Sales Outstanding (DSO)DSO measures how many days it takes for a company to…
Q: None
A: Step 1: Definition of Gross ProfitGross Profit represents the revenue remaining after subtracting…
Q: provide correct answer is?
A: Step 1: Definition of Operating LeverageOperating leverage is the ratio of the contribution margin…
Q: I want to this question answer general accounting
A: Step 1: Define Receivables Turnover and Annual Credit SalesReceivables Turnover measures how many…
Q: The companys degree of operating leverage must have been
A:
Q: Can you help me with accounting questions
A: Step 1: Definition of Owner's EquityOwner's equity represents the residual interest in the assets of…
Q: general accounting
A: Step 1: Definition of Markup and Gross ProfitMarkup is the percentage added to the cost price of a…
Q: Subject: financial accounting
A: Explanation of Stock Price: Stock price represents the current market value of one share of the…
Q: The Flapjack Corporation had 8,350 actual direct labor hours at an actual rate of $14.50 per hour.…
A: Concept of Actual Direct Labor CostActual direct labor cost represents the total amount spent on…
Q: Computing the gross profit percentage Edible Art earned net sales revenue of $75,050,000 in 2019.…
A: Step 1:Gross Profit is the amount left after paying cost of goods sold from sales revenue. Gross…
Q: Hello tutor solve this question accounting
A: Step 1: Define Operating LeverageOperating leverage calculates the changes in the operating income…
Q: What is this firm debt equity ratio?
A: We can use the DuPont formula to break down ROE into its components:ROE = Profit Margin × Total…
Q: What is the company's debt to equity ratio of this financial accounting question?
A: Step 1: Total equity Total equity = Total assets - Total liabilitiesTotal equity = $250,000 -…
Q: I need help with accounting
A: Step 1: Calculation of Predetermined Overhead RateEstimated overhead cost = $40,000Estimated direct…
Q: Accounts receivable beginning year 65000
A: Explanation of Accounts Receivable Turnover:The accounts receivable turnover ratio measures how…
Q: I want answer
A: Explanation of Predetermined Standard Variable Manufacturing Overhead Rate: This rate represents the…
Q: Profit 60000 if sales revenue increase by 30000 how much will profit increase?
A: Let's solve this problem step-by-step:Understanding Contribution Margin RatioThe contribution margin…
Q: need help this questions
A: Step 1: Identify the Present Value of Annuity FormulaPV =C × PV A Where:PV = Present Value (initial…
Q: Financial accounting
A: Step 1: Define Markup PercentageMarkup percentage measures how much profit a company adds to the…
Q: No WRONG ANSWER
A: Step 1: Recall the basic formula for net income.= revenues - expenses Regarding the other items…
Q: None
A: Step 1: Calculate Total Sales Step 2: Calculate Total Variable CostsStep 3: Calculate Contribution…
Q: What is the company's plantwide overhead rate?
A: Explanation of Overhead Costs: Overhead costs are indirect costs that a company incurs to support…
Q: Sheffield Corp. sells its product for $75 per unit. During 2016, it produced 70,000 units and sold…
A: Concept of Absorption CostingAbsorption costing is a method of cost accounting that includes all…
Q: Given step by step explanation general Accounting
A: Step 1: Determine the number of days in the receivable period by deducting the average inventory…
Q: Determine the variable cost per unit
A: Step 1: Introduction to cost accountingThe field of accounting known as cost accounting is utilized…
Q: Inventory at the end of the first year of operation under variable costing?
A: Explanation of Variable Costing Method:The Variable Costing Method is an inventory valuation…
Q: need help this questions financial accounting
A: Step 1: Definition of Labor Quantity VarianceLabor quantity variance measures the difference between…
Q: Tanishk Manufacturing has gross sales of $45,000 for the year. Its cost for the goods sold is…
A: Explanation of Total Gross Income:Total Gross Income represents the total earnings of a business…
I want to correct answer general accounting question
Step by step
Solved in 2 steps
- General accountingYour business plan for your proposed start-up firm envisions first-year revenues of $180,000, fixed costs of $60,000, and variable costs equal to one-third of revenue. a. What are expected profits based on these expectations? (Round your answer to nearest whole number.) Expected profit b. What is the degree of operating leverage based on the estimate of fixed costs and expected profits? (Round your answer to 2 decimal places.) Degree of operating leverage c. If sales are 10% below expectation, what will be the percentage decrease in profits? (Round your answer to nearest whole number.) Decrease in profits %Then the decrease sales??
- Suppose sales volume increase by the same percentage for Company X and Company Y. Use CVP analysis to explain which company will experience a larger percentage increase in profits? Company X - Dominated by fixed expenses; or Company Y - Dominated by variable expenses.which one is correct please confirm? QUESTION 7 A firm that has a 2.5 DOL (degree of operating leverage) would find that an 8% increase in EBIT would result from a ____ increase in sales. a. 3.2% b. 5.4% c. 20.0% d. 2.0%The degree of operating leverage is 2.5 and degree of financial leverage is 1.6 of a firm then the %change im EPS is what if quantity increases by 5%?