XYZ Corporation has total fixed costs of $175,000 and a contribution margin ratio of 40%. What is the break-even sales amount? A. $437,500 B. $375,000 C. $525,000 D. $400,000
Q: Determine the return on equity? General accounting
A: Step 1: Define Net incomeNet income represents the total amount of gains and income earned by a…
Q: general accounting question
A: Step 1: Calculate the cost basis per share of the original 200 sharesStep 2: Determine the basis of…
Q: Want your help with probelm
A: Option A: This option is incorrect because contingent liability may or may not occur depending upon…
Q: Hi teacher please help me this question general accounting
A: Step 1: Define Net amount to be received by the firmThe net amount to be received by the firm is…
Q: Return on assets in 2023 ?
A: To calculate the Return on Assets (ROA), the formula is: ROA = Profit Margin on Sales × Asset…
Q: provide accounting options answer.
A: The correct answer is:c. period costs. ExplanationPeriod Costs:These are costs that are expensed in…
Q: Calculate it's gross margin ratio?
A: Step 1: Define Gross Margin RatioThe gross margin ratio is a ratio used to indicate the…
Q: Get correct answer accounting questions
A: Step 1: Definition of Effective Cost of Trade CreditThe effective cost of trade credit is the…
Q: How much is the labour rate variance?
A: Explanation of Standard Cost:The Standard Cost is a predetermined cost that a company expects to…
Q: Need help this question general accounting
A: Step 1: Cost of goods sold Basis: SalesSales ratio is 100% Cost of goods sold = Sales x (Sales ratio…
Q: FINANCIAL Account
A: To determine the ending balance in the Work-in-Process (WIP) Inventory account, we use the formula:…
Q: Answer?
A: Concept of Contribution Margin:Contribution margin is the amount remaining from sales revenue after…
Q: What is the project expected free cash flow for the year?
A: To calculate the Free Cash Flow (FCF) for the project, we use the formula: FCF = EBIT × (1 - Tax…
Q: Need help with this general accounting question
A: Step 1: Use the formula for the adjusted basisStep 2: Rearrange the formula to solve for Capital…
Q: Financial Accounting
A: Step 1:First calculate the gross loss on sale: Given that, Gross loss on cost = 1/10 Which means if…
Q: Financial accounting question
A: Step 1: Define InventoryInventory can be defined as a current asset because it can be converted into…
Q: Help
A: A callable bond is a type of bond that allows the issuer to redeem the bond before its maturity…
Q: Can you please give general account answer....
A: Why the other options are incorrect? b. product and direct labor cost: Aluminium is not a part of…
Q: General Accounting Question provide solution
A: Step 1: Define Annual Net Cash FlowThe Annual Net Cash Flow is the total cash generated from an…
Q: None
A: Step 1: Define Overapplied Manufacturing OverheadOverhead is said to be overapplied when the amount…
Q: # accounting tutor please help
A: To determine the total cost recorded in Work in Process (WIP) for Job A-1 on May 21, 2019, we need…
Q: ??
A: Explanation of FIFO (First-In, First-Out):FIFO is an inventory costing method where the oldest…
Q: Teller Co. is planning to sell 900 boxes of ceramic tile, with production estimated at 870 boxes…
A: Step 1: Understand the ProblemTeller Co. plans to produce 870 boxes of ceramic tile, and each box…
Q: Financial Account solution wanted
A: Step 1: Formula for Ending InventoryThe formula that relates these components is: Cost of Goods…
Q: Financial ACCOUNT QUESTIONS
A: To calculate the equivalent units produced using the weighted average method, we need to account for…
Q: In calculating diluted EPS
A: In calculating diluted EPS (Earnings Per Share), convertible preferred shares are only included if…
Q: General accounting
A: Step 1: Identify the Gross Profit Ratio FormulaStep 2: Identify the given dataStep 3: Substitute the…
Q: General Account Questions.
A: Step 1: Formula Degree of operating leverage = %Change in EBIT/%Change in Sales Step 2: %Change in…
Q: Sarter Corporation is in the process of preparing its annual budget. The following beginning and…
A: To determine how much raw material should be purchased, use the following formula: Raw Material…
Q: the ending inventory?
A: DefinitionsWork in Process (WIP) Inventory:This is the cost of partially completed goods that are…
Q: Punch Manufacturing Corporation owns 80 percent of the common shares of Short Retail Stores. The…
A: Step 1: Consolidated Net Income CalculationConsolidated net income includes:Punch's standalone…
Q: Cost Account
A: a. Actual costs and price paidIncorrect: Variance is not the comparison of the actual costs incurred…
Q: What is the 2012 profit margin ratio?
A: The profit margin ratio is calculated by dividing net income by net sales: Profit Margin Ratio =…
Q: Please given correct answer general accounting
A: Step 1: Definition of Contribution MarginContribution margin is the amount remaining from sales…
Q: Need help
A: Step 1: Define Gross Profit MethodThe Gross Profit Method is a technique used to estimate ending…
Q: Return on assets in 2023 ? General accounting
A: Step 1: Definition of Return on Assets (ROA)Return on Assets (ROA) measures how efficiently a…
Q: Don't Use Ai
A: Detailed explanation:Cost of Goods Sold for 2012: Finished Goods Inventory January 1, 2012$…
Q: Quick answer of this accounting questions
A: ROA = Net Income / Total Assets Given:Net Income = $8,000,000Total Assets = $40,000,000…
Q: Want your help with problem
A: Given:Cost of furniture = $12,700Accumulated depreciation = $10,150Cash = $2,200 Step 1: Book value…
Q: Based on this information, company B's return on sales general accounting
A: Step 1: Formula Return on sales = Operating income/Sales revenue Step 2: Substitution Company…
Q: What would be the list price for the recliner?
A: The list price of a product is determined by adding a profit margin to the wholesale price. The…
Q: Please help me this question
A: To calculate the enterprise value (EV) of Correct Inc., we use the following formula: EV = Market…
Q: Accurate Answer
A: Concept of Direct Material and Direct Labor:Direct material refers to raw materials that are…
Q: None
A: Geisner's Equity:Equity = Total Assets - Total Liabilities= $1,000,000 - $600,000= $400,000…
Q: Please given answer general accounting
A: Step 1:A. The break-even sales in units is calculated as follows: Break-even sales in units = Fixed…
Q: Need help with this general accounting question
A: Step 1: Define Interest ExpenseInterest expense is the cost incurred by a company for borrowed…
Q: U-Too Everwear Corporation can manufacture mountain climbing shoes for $31.15 per pair in variable…
A: Step 1:Variable cost is the cost which fluctuate with the production of goods. Variable costs…
Q: None
A: The price-earnings (P/E) ratio is calculated using the formula: P/E Ratio = Market Price per Share ÷…
Q: GENERAL ACCOUNT
A: The correct answer is:a. owners on total assets. Explanation:What is Stockholders'…
Q: Please answer do fast and step by step calculation for this general accounting question
A: To determine which product Newton Enterprises should produce to maximize its net income, we need to…
Hi expert please give me answer general accounting question
Step by step
Solved in 2 steps
- If a company has fixed costs of $6.000 per month and their product that sells for $200 has a contribution margin ratio of 30%, how many units must they sell in order to break even? A. 100 B. 180 C. 200 D. 2,000Faldo Company produces a single product. The projected income statement for the coming year, based on sales of 200,000 units, is as follows: Required: 1. Compute the unit contribution margin and the units that must be sold to break even. Suppose that 30,000 units are sold above the break-even point. What is the profit? 2. Compute the contribution margin ratio and the break-even point in dollars. Suppose that revenues are 200,000 greater than expected. What would the total profit be? 3. Compute the margin of safety in sales revenue. 4. Compute the operating leverage. Compute the new profit level if sales are 20 percent higher than expected. 5. How many units must be sold to earn a profit equal to 10 percent of sales? 6. Assume the income tax rate is 40 percent. How many units must be sold to earn an after-tax profit of 180,000?Delta Co. sells a product for $150 per unit. The variable cost per unit is $90 and fixed costs are $15,250. Delta Co.s tax rate is 36% and the company wants to earn $44,000 after taxes. What would be Deltas desired pre-tax income? What would be break-even point in units to reach the income goal of $44,000 after taxes? What would be break-even point in sales dollars to reach the income goal of $44000 after taxes? Create a contribution margin income statement to show that the break-even point calculated in B, generates the desired after-tax income.
- Raines Company's sales are $940,000 with operating profits of $168,000. If the contribution margin ratio is 40%, what did the fixed costs amount to? Multiple Choice $408,000. $376,000. $308,000. $208,000A product sells for $400 per unit and its variable costs per unit are $260. The company’s fixed costs are $840,000. If the company desires $70,000 pretax income, what is the required dollar sales? a. $2,400,000 c. $2,600,000 e. $1,400,000 b. $200,000 d. $2,275,000Currently, a company has fixed costs of P32,500, a contribution ratio of 65%, and is selling its product for P12 per unit. If the sales price per unit is increased by P4, how much less will the break-even point in sales be when compared to the current condition? a.P14,411 b.P13,414 c.P17,500 d.P 5,932
- Ajani Company has variable costs equal to 40% of sales. The company is considering a proposal that will increase sales by $10,000 and total fixed costs by $6,000. By what amount will net income increase? A. $6,000 B. $4,000 C. $2,000 D. $0A company has total fixed costs of $240,000 and a contribution margin ratio of 20%. The total sales necessary to break even are Group of answer choices $1,200,000. $288,000. $960,000. $300,000.1. Fixed costs are P 240,000 and contribution margin ratio is 48%. What is breakeven point peso sales? (Answer the figures only; no decimal places) 2. A business has selling price of P 129.50 with an average variable cost of P 54.40. Fixed costs are P 1,400,000. Calculate the following: What is the break-even units? Answer the figures only; no decimal places)
- The following information is for Corp: Selling price $60 per unit Variable costs $40 per unit Total fixed costs $125,000 If targeted operating income is $50,000 , then targeted sales revenue is how much?If the selling price per unit is $50, the variable expense per unit is $20, and total fixed expenses are $260,000, what are the breakeven sales in dollars? A. $433,333 B. $650,000 OC. $185,714 ⒸD. $156,000Maple Company has sales of P550,000 and has variable costs of P330,000.Fixed costs are P180,000. a. Compute the break-even point.b. Compute Maple's sales to earn a P50,000 profit.c. Compute the sales Maple would need to earn a 10% return on sales