Projected net income for 2014. Given information: Selling price per unit is $35. Variable cost per unit is $18.50. Fixed costs are $214,500. Units to be sold are 22,000 units. Tax rate is 40%.

Question

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Answer 1

Question

Chapter 3, Problem 3.36P

1.

To determine

To compute: Projected net income for 2014.

Given information:

Selling price per unit is $35.

Variable cost per unit is $18.50.

Fixed costs are $214,500.

Units to be sold are 22,000 units.

Tax rate is 40%.

2.

To determine

To compute: Break-even points in units.

Given information:

Selling price per unit is $35.

Variable cost per unit is $18.50.

Fixed costs are $214,500.

3.

To determine

To compute: Net income for 2015.

Given information:

Selling price per unit is $35.

Variable cost per unit is $18.50.

Revenue target is $875,000 or 25,000 bowls

Fixed costs are $231,000($214,500+$16,500).

Tax rate is 40%.

4.

To determine

To compute: Break-even points in units for 2015.

Given information:

Selling price per unit is $35.

Variable cost per unit is $18.50.

Fixed costs are $231,000($214,500+$16,500).

5.

To determine

To compute: Budgeted revenue for 2015.

Given information:

Selling price per unit is $35.

Variable cost per unit is $18.50.

Fixed costs are $231,000($214,500+$16,500).

Net income is equal to the net income of 2017 which is $89,100.

Tax rate is 40%.

6.

To determine

To compute: Break-even points in units for 2015.

Given information:

Selling price per unit is $35.

Variable cost per unit is $18.50.

Fixed costs are ($214,500+Advertising expense).

Net income is $108,450.

Expected sales are 25,000 units.

Tax rate is 40%.

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Two investors are evaluating Anywhere e-SIM Ltd.’s stock for possiblepurchase. They agree on the expected value of D1 and also on theexpected future dividend growth rate. Further, they agree on theriskiness of the stock. However, one investor normally holds stocksfor 2 years, while the other normally holds stocks for 10 years.Is it true that they should both be willing to pay the same price forthis stock? Explain based on how stocks are valued and provide anumerical example to support your arguments.

Answer 2

Question

Chapter 3, Problem 3.36P

1.

To determine

To compute: Projected net income for 2014.

Given information:

Selling price per unit is $35.

Variable cost per unit is $18.50.

Fixed costs are $214,500.

Units to be sold are 22,000 units.

Tax rate is 40%.

2.

To determine

To compute: Break-even points in units.

Given information:

Selling price per unit is $35.

Variable cost per unit is $18.50.

Fixed costs are $214,500.

3.

To determine

To compute: Net income for 2015.

Given information:

Selling price per unit is $35.

Variable cost per unit is $18.50.

Revenue target is $875,000 or 25,000 bowls

Fixed costs are $231,000($214,500+$16,500).

Tax rate is 40%.

4.

To determine

To compute: Break-even points in units for 2015.

Given information:

Selling price per unit is $35.

Variable cost per unit is $18.50.

Fixed costs are $231,000($214,500+$16,500).

5.

To determine

To compute: Budgeted revenue for 2015.

Given information:

Selling price per unit is $35.

Variable cost per unit is $18.50.

Fixed costs are $231,000($214,500+$16,500).

Net income is equal to the net income of 2017 which is $89,100.

Tax rate is 40%.

6.

To determine

To compute: Break-even points in units for 2015.

Given information:

Selling price per unit is $35.

Variable cost per unit is $18.50.

Fixed costs are ($214,500+Advertising expense).

Net income is $108,450.

Expected sales are 25,000 units.

Tax rate is 40%.

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Answer 3

Question

Chapter 3, Problem 3.36P

1.

To determine

To compute: Projected net income for 2014.

Given information:

Selling price per unit is $35.

Variable cost per unit is $18.50.

Fixed costs are $214,500.

Units to be sold are 22,000 units.

Tax rate is 40%.

2.

To determine

To compute: Break-even points in units.

Given information:

Selling price per unit is $35.

Variable cost per unit is $18.50.

Fixed costs are $214,500.

3.

To determine

To compute: Net income for 2015.

Given information:

Selling price per unit is $35.

Variable cost per unit is $18.50.

Revenue target is $875,000 or 25,000 bowls

Fixed costs are $231,000($214,500+$16,500).

Tax rate is 40%.

4.

To determine

To compute: Break-even points in units for 2015.

Given information:

Selling price per unit is $35.

Variable cost per unit is $18.50.

Fixed costs are $231,000($214,500+$16,500).

5.

To determine

To compute: Budgeted revenue for 2015.

Given information:

Selling price per unit is $35.

Variable cost per unit is $18.50.

Fixed costs are $231,000($214,500+$16,500).

Net income is equal to the net income of 2017 which is $89,100.

Tax rate is 40%.

6.

To determine

To compute: Break-even points in units for 2015.

Given information:

Selling price per unit is $35.

Variable cost per unit is $18.50.

Fixed costs are ($214,500+Advertising expense).

Net income is $108,450.

Expected sales are 25,000 units.

Tax rate is 40%.

Expert Solution & Answer

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Answer 4

Question

Chapter 3, Problem 3.36P

1.

To determine

To compute: Projected net income for 2014.

Given information:

Selling price per unit is $35.

Variable cost per unit is $18.50.

Fixed costs are $214,500.

Units to be sold are 22,000 units.

Tax rate is 40%.

2.

To determine

To compute: Break-even points in units.

Given information:

Selling price per unit is $35.

Variable cost per unit is $18.50.

Fixed costs are $214,500.

3.

To determine

To compute: Net income for 2015.

Given information:

Selling price per unit is $35.

Variable cost per unit is $18.50.

Revenue target is $875,000 or 25,000 bowls

Fixed costs are $231,000($214,500+$16,500).

Tax rate is 40%.

4.

To determine

To compute: Break-even points in units for 2015.

Given information:

Selling price per unit is $35.

Variable cost per unit is $18.50.

Fixed costs are $231,000($214,500+$16,500).

5.

To determine

To compute: Budgeted revenue for 2015.

Given information:

Selling price per unit is $35.

Variable cost per unit is $18.50.

Fixed costs are $231,000($214,500+$16,500).

Net income is equal to the net income of 2017 which is $89,100.

Tax rate is 40%.

6.

To determine

To compute: Break-even points in units for 2015.

Given information:

Selling price per unit is $35.

Variable cost per unit is $18.50.

Fixed costs are ($214,500+Advertising expense).

Net income is $108,450.

Expected sales are 25,000 units.

Tax rate is 40%.

Expert Solution & Answer

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See solution

Answer 5

Chapter 3, Problem 3.36P

1.

To determine

To compute: Projected net income for 2014.

Given information:

Selling price per unit is $35.

Variable cost per unit is $18.50.

Fixed costs are $214,500.

Units to be sold are 22,000 units.

Tax rate is 40%.

2.

To determine

To compute: Break-even points in units.

Given information:

Selling price per unit is $35.

Variable cost per unit is $18.50.

Fixed costs are $214,500.

3.

To determine

To compute: Net income for 2015.

Given information:

Selling price per unit is $35.

Variable cost per unit is $18.50.

Revenue target is $875,000 or 25,000 bowls

Fixed costs are $231,000($214,500+$16,500).

Tax rate is 40%.

4.

To determine

To compute: Break-even points in units for 2015.

Given information:

Selling price per unit is $35.

Variable cost per unit is $18.50.

Fixed costs are $231,000($214,500+$16,500).

5.

To determine

To compute: Budgeted revenue for 2015.

Given information:

Selling price per unit is $35.

Variable cost per unit is $18.50.

Fixed costs are $231,000($214,500+$16,500).

Net income is equal to the net income of 2017 which is $89,100.

Tax rate is 40%.

6.

To determine

To compute: Break-even points in units for 2015.

Given information:

Selling price per unit is $35.

Variable cost per unit is $18.50.

Fixed costs are ($214,500+Advertising expense).

Net income is $108,450.

Expected sales are 25,000 units.

Tax rate is 40%.

Answer 6

Chapter 3, Problem 3.36P

1.

To determine

To compute: Projected net income for 2014.

Given information:

Selling price per unit is $35.

Variable cost per unit is $18.50.

Fixed costs are $214,500.

Units to be sold are 22,000 units.

Tax rate is 40%.

Answer 7

Chapter 3, Problem 3.36P

1.

To determine

To compute: Projected net income for 2014.

Given information:

Selling price per unit is $35.

Variable cost per unit is $18.50.

Fixed costs are $214,500.

Units to be sold are 22,000 units.

Tax rate is 40%.

Answer 8

2.

To determine

To compute: Break-even points in units.

Given information:

Selling price per unit is $35.

Variable cost per unit is $18.50.

Fixed costs are $214,500.

Answer 9

2.

To determine

To compute: Break-even points in units.

Given information:

Selling price per unit is $35.

Variable cost per unit is $18.50.

Fixed costs are $214,500.

Answer 10

3.

To determine

To compute: Net income for 2015.

Given information:

Selling price per unit is $35.

Variable cost per unit is $18.50.

Revenue target is $875,000 or 25,000 bowls

Fixed costs are $231,000($214,500+$16,500).

Tax rate is 40%.

Answer 11

3.

To determine

To compute: Net income for 2015.

Given information:

Selling price per unit is $35.

Variable cost per unit is $18.50.

Revenue target is $875,000 or 25,000 bowls

Fixed costs are $231,000($214,500+$16,500).

Tax rate is 40%.

Answer 12

4.

To determine

To compute: Break-even points in units for 2015.

Given information:

Selling price per unit is $35.

Variable cost per unit is $18.50.

Fixed costs are $231,000($214,500+$16,500).

Answer 13

4.

To determine

To compute: Break-even points in units for 2015.

Given information:

Selling price per unit is $35.

Variable cost per unit is $18.50.

Fixed costs are $231,000($214,500+$16,500).

Answer 14

5.

To determine

To compute: Budgeted revenue for 2015.

Given information:

Selling price per unit is $35.

Variable cost per unit is $18.50.

Fixed costs are $231,000($214,500+$16,500).

Net income is equal to the net income of 2017 which is $89,100.

Tax rate is 40%.

Answer 15

5.

To determine

To compute: Budgeted revenue for 2015.

Given information:

Selling price per unit is $35.

Variable cost per unit is $18.50.

Fixed costs are $231,000($214,500+$16,500).

Net income is equal to the net income of 2017 which is $89,100.

Tax rate is 40%.

Answer 16

6.

To determine

To compute: Break-even points in units for 2015.

Given information:

Selling price per unit is $35.

Variable cost per unit is $18.50.

Fixed costs are ($214,500+Advertising expense).

Net income is $108,450.

Expected sales are 25,000 units.

Tax rate is 40%.

Answer 17

6.

To determine

To compute: Break-even points in units for 2015.

Given information:

Selling price per unit is $35.

Variable cost per unit is $18.50.

Fixed costs are ($214,500+Advertising expense).

Net income is $108,450.

Expected sales are 25,000 units.

Tax rate is 40%.

Answer 18

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Answer 19

Expert Solution & Answer

Answer 20

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Answer 21

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Projected net income for 2014. Given information: Selling price per unit is $35. Variable cost per unit is $18.50. Fixed costs are $214,500. Units to be sold are 22,000 units. Tax rate is 40%.

To compute: Projected net income for 2014. Given information: Selling price per unit is $35. Variable cost per unit is $18.50. Fixed costs are $214,500. Units to be sold are 22,000 units. Tax rate is 40%.

To compute: Break-even points in units. Given information: Selling price per unit is $35. Variable cost per unit is $18.50. Fixed costs are $214,500.

To compute: Net income for 2015. Given information: Selling price per unit is $35. Variable cost per unit is $18.50. Revenue target is $875,000 or 25,000 bowls Fixed costs are $231,000($214,500+$16,500). Tax rate is 40%.

To compute: Break-even points in units for 2015. Given information: Selling price per unit is $35. Variable cost per unit is $18.50. Fixed costs are $231,000($214,500+$16,500).

To compute: Budgeted revenue for 2015. Given information: Selling price per unit is $35. Variable cost per unit is $18.50. Fixed costs are $231,000($214,500+$16,500). Net income is equal to the net income of 2017 which is $89,100. Tax rate is 40%.

To compute: Break-even points in units for 2015. Given information: Selling price per unit is $35. Variable cost per unit is $18.50. Fixed costs are ($214,500+Advertising expense). Net income is $108,450. Expected sales are 25,000 units. Tax rate is 40%.

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Chapter 3 Solutions

To compute: Projected net income for 2014.

Given information:

Selling price per unit is $35.

Variable cost per unit is $18.50.

Fixed costs are $214,500.

Units to be sold are 22,000 units.

Tax rate is 40%.

To compute: Break-even points in units.

Given information:

Selling price per unit is $35.

Variable cost per unit is $18.50.

Fixed costs are $214,500.

To compute: Net income for 2015.

Given information:

Selling price per unit is $35.

Variable cost per unit is $18.50.

Revenue target is $875,000 or 25,000 bowls

Fixed costs are $231,000($214,500+$16,500).

Tax rate is 40%.

To compute: Break-even points in units for 2015.

Given information:

Selling price per unit is $35.

Variable cost per unit is $18.50.

Fixed costs are $231,000($214,500+$16,500).

To compute: Budgeted revenue for 2015.

Given information:

Selling price per unit is $35.

Variable cost per unit is $18.50.

Fixed costs are $231,000($214,500+$16,500).

Net income is equal to the net income of 2017 which is $89,100.

Tax rate is 40%.

To compute: Break-even points in units for 2015.

Given information:

Selling price per unit is $35.

Variable cost per unit is $18.50.

Fixed costs are ($214,500+Advertising expense).

Net income is $108,450.

Expected sales are 25,000 units.

Tax rate is 40%.