What will be the financial effect if this instruction is fulfilled. Explain using PM, ROA

Q: Tem Technology has a first-quarter operating loss of $100,000 and expects the following income for…

A: Answer:- Operating loss meaning:- When a company's operating costs surpass the gross profit or…

Q: Mienfoo Catering Company increased its ROI from 25% to 30%. Net operating income and sales remained…

A: Return on investment is written as ROI. It shows the percentage of return earn on investment. It is…

Q: SM Company had $150,000 of net income in 2020 when the selling price per unit was $150, the variable…

A: Break even point is the number of units sold leads to no profit no loss to the business.

Q: Sandhill Co. had a net loss of $152,000 in 2021 when the selling price per unit was $40, the…

A: The break-even sales are the sales where business earns no profit or loss during the period. The…

Q: B00 customer accounts. Bad debt expense was $26,187. 1. Assume that Fan-Tastic Sports Gear Inc.,…

A: In this question, we have to do adjusting entry in allowance calculation. Under direct method, bad…

Q: LeBron’s Bookstores has two divisions: books and electronics. The electronics division had another…

A: Income statement: When all the costs and expenses are subtracted one by one from the sale, then if…

Q: (c) Management is considering making a new product using product A's equipment. If the new product's…

A: MARGINAL COSTING INCOME STATEMENT Marginal Costing Income Statement is one of the Important Cost…

Q: E5-14 Naylor Company had $210,000 of net income in 2013 when the selling price per unit was $150,…

A: “Since you have asked two sets of questions and the first one remains incomplete, we will solve the…

Q: Last year, Pastis Productions reported $100,000 in sales and $40,000 in cost of goods sold.…

A:

Q: company is trying to ascertain the selling price per unit for their product. They know the OCF is…

A: In this we have to operating cash flow and from that we can get required value of sales per unit.

Q: At the end of last year, Roberts Inc. reported the following income statement (in millions of…

A: To forecast Roberts Inc.'s year-end net income, let's calculate the relevant figures based on the…

Q: Tanek Corp.’s sales slumped badly in 2017. For the first time in its history, it operated at a loss.…

A: Break-even point- The break-even point is the point at which total cost and total revenue are the…

Q: A company is trying to ascertain the selling price per unit for their product. It knows the OCF is…

A: We need to use operating cash flow formula to calculate net income.Net income = Operating cash…

Q: Aqua Corp. is considering a change in marketing strategy which would cost $100,000 per year…

A: The cash conversion cycle shows that how effectively the company's managers deal with their working…

Q: Operating expenses includes depreciation of P40,000. For the year 2016, the company plans to…

A: SOLUTION- PREPARATION BUDGETED INCOME FUNCTIONAL INCOME STATEMENT   A COMPUTATION OF BUDGETED SALES…

Q: Oriole Inc. had a bad year in 2026. For the first time in its history, it operated at a loss. The…

A: Step 1:I. encountered extraordinary difficulties and suffered its first financial loss since its…

Q: statement showed the following results from selling 63,600 units of product: net sales $1,908,000;…

A: The contribution margin is calculated as the difference between the sales and variable costs. The…

Q: Austin Grocers recently reported the following 2016 income statement (in millions of dollars): Sales…

A: It is a case where net income and dividend growth rate are projected for the year 2017. It is based…

Q: Wie Corp's sales last year were $260,000, and its year-end total assets were $360,000. The average…

A: The objective of the question is to find out by how much the assets of Wie Corp must be reduced to…

Q: Wagner Industrial Motors, which is currently operating at full capacity, has sales of $2,340,…

A: Current Sales is $2,340.Current assets of $680.Current liabilities of $370.Net fixed assets of…

Q: Fan-Tastic Sports Gear Inc. recorded $2,900,000 of sales last year and projects sales to increase by…

A: 2. Compute the amount of adjusting entry to provide for doubtful accounts on December 31. Thus, the…

Q: LeBron’s Bookstores has two divisions: books and electronics. The electronics division had another…

A: Income statement:   Income statement is a financial statement that shows the net income or net loss…

Q: Pharoah Corp's sales slumped badly in 2022. For the first time in its history, it operated at a…

A: MARGINAL COSTING INCOME STATEMENTMarginal Costing Income Statement is One of the Important Cost…

Q: Lawn.com is expected to have operating losses of $329,300 in its first year of business and $293,400…

A: Present value:Present value is popularly known in short as PV. It is a concept of accounting that…

Q: QUESTION ONE The following transactions of Berain Manufacturers, that uses the perpetual inventory…

A: INVENTORY VALUATIONInventory Valuation is a Method of Calculation of Value of Inventory at the End…

Q: Hau Lee Furniture, Inc., spends 55% of its sales dollars in the supply chain and finds its current…

A: Cost of the material = $55,000Current Profit = $25,000New Profit = $30,000The percentage of…

Q: Vandross Company has recorded bad debt expense in the past at a rate of 1.5% of net sales. In 2014,…

A: Bad debt is an expense that can not be collected from the customer because he is unable to pay the…

Q: Erin Mikell Company was concerned that increased sales did not result in increased profits for 2018.…

A: The difference in both variable costing and under absorption costing is because of the method of…

Deferred Tax

Deferred tax is an estimated future tax which is made while preparing accounts. It is estimated as a result of past and present transactions in the financial statements. It is not the actual tax which needs to be paid or refundable from the revenue authority, it is an accounting entry. It exists because of the difference between accounting profits and taxable profits.