Homework Answers
Contribution Margin = Earning - Expenses = 700,000-478,000= 222,000
CM ratio = 222,000 /700,000 = 31.71%
Earning s Required = (Fixed cost + Profit) / CM ratio = (60000+250000)/ 32% = $ 968,750 (Answer)
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The attainable budget for a company is listed in the table below. What earnings are required...
The attainable budget for a company is listed in the table below. If the company decreases...
The attainable budget for a company is listed in the table below. If the company decreases price by 5% what is the Marginal Ratio after price decrease? Earnings Variable Cost Fixed Cost Net Profit (before tax) Attainable Budget $700.000 $478.000 $64.000 $62,000 OA) 0.42 OB) 0.28 OC) 0.68 OD) 0.72
What ratio indicates the management's effective use of company resources? O A) The profit before tax...
What ratio indicates the management's effective use of company resources? O A) The profit before tax to total assets (PTA) OB) The Degree of Fixed Asset Newness (DFAN) O C) Profit before tax to net worth ratio OD) Expense to Revenue ratios
The following is summary of information presented on the financial statements of a company on December...
The following is summary of information presented on the financial statements of a company on December 31, 2015 Account Net Sales Revenue Cost of Goods Sold Gross Profit Selling Expenses Net income before income tax expense Income tax expense Net Income 2015 $607,000 452,000 155,000 54,000 101,000 39,000 $62,000 2014 $500,000 404,000 96,000 56,000 40,000 20,000 $20,000 What would a horizontal analysis report show with respect to net sales revenue? O A. a 241.59% decrease in net sales revenue. OB....
Q: According to these statements in Table 6-1, What is the (ROI) Return on Investment? Table...
Q: According to these statements in Table 6-1, What is the
(ROI) Return on Investment?
Table 6-1 ALPHA MANUFACTURING COMPANY, Balance Sheet Cash and Marketable Securities $225,000 Accounts Receivable 890,000 Inventories (lower of cost or market) 930,000 Prepaid Expenses 10,150 Accumulated Tax Prepayments 12.000 Current Assets 2,067,150 Fixed Assets at Cost 2,500,000 less: Accumulated Depreciation 700.000 Net Fixed Asset 1,800,000 Investments, Long-Term 35,000 Goodwill 100.000 Total Assets $4,002.150 Bank Loans and Notes Payable $448,500 Accounts Payable 148,000 Accrued Taxes 36,000...
Question Completion Status: QUESTION 5 Beta Company provided the following information for June: Beginning inventory of...
Question Completion Status: QUESTION 5 Beta Company provided the following information for June: Beginning inventory of finished goods Beginning inventory of work-in-process Ending inventory of finished goods Direct labor used $5,000 $18,000 $ 3,000 $13,000 $10,000 4,000 $5,500 Raw materials used Manufacturing overhead Cost of goods manufactured (COGM) The company's cost of goods sold (COGS) for June is OA $3,500 B. $2,500 OC.$7,500 D. $42,000 QUESTION 6 Compute cost of ending inventory using the following data: $32,000 Cost of beginning...
The following is a summary of information presented on the financial statements of a company on...
The following is a summary of information presented on the financial statements of a company on De Account 2019 2018 Net Sales Revenue $607,000 $500,000 Cost of Goods Sold 456,000 402,000 Gross Profit 151,000 98,000 Selling Expenses 54,000 54,000 Net Income Before Income Tax Expense 97.000 44,000 Income Tax Expense 42,000 19.000 Net Income $55,000 $25,000 With respect to net sales revenue, a horizontal analysis reveals O A a $54,000 increase in net sales revenue OB. a 241.59% decrease in...
Answer the following question with the data contained in Table 1 below. By default base of...
Answer the following question with the data contained in Table 1 below. By default base of earnings, what amount of Other Fixed Expense should be allocated to the profit center of New Construction? Table 1. Profit Center Analysis Company New Construction Remodel Industrial Retrofit Account $ $ $ S Earnings (revenue) 10,000,000 7,000,000 2,500,000 500,000 Cost of Construction Labor 1,600,000 630,000 620,000 350,000 Material 4,000,000 2,620,000 1,380,000 0 Subcontracts 3,200,000 3,200,000 0 0 Other Direct Cost (JOH) 200.000 200,000 0...
Required information (The following information applies to the questions displayed below.] Phoenix Company's 2017 master budget...
Required information (The following information applies to the questions displayed below.] Phoenix Company's 2017 master budget included the following fixed budget report. It is based on an expected production and sales volume of 15,000 units. $3,000,000 PHOENIX COMPANY Fixed Budget Report For Year Ended December 31, 2017 Sales Cost of goods sold Direct materials $975,000 Direct labor 225,000 Machinery repairs (variable cost) 60,000 Depreciation,Plant equipment (straight-line) 300,000 Utilities ($ 45,000 is variable) 195,000 Plant management salaries 200,000 Gross profit Selling...
The financial statements of Snapit Company are given below. Snapit Company Income Statement (2009) Sales $...
The financial statements of Snapit Company are given below. Snapit Company Income Statement (2009) Sales $ 4,000,000 Cost of goods sold 3,040,000 Gross profit 960,000 Selling & administrative expenses 430,000 Operating profit 530,000 Interest expense 160,000 Income before tax 370,000 Tax expense 148,000 Net income $ 222,000 Balance Sheet 2009 2008 Cash $ 60,000 $ 50,000 Accounts receivable 550,000 500,000 Inventory 690,000 620,000 Total current assets $ 1,300,000 $ 1,170,000 Fixed assets 1,300,000 1,230,000 Total assets $ 2,600,000 $ 2,400,000...
Company A 100% 23% Sales revenues Less: Cost of goods sold Gross profit Less: Operating expenses...
Company A 100% 23% Sales revenues Less: Cost of goods sold Gross profit Less: Operating expenses Operating income Less: Interest expense Income before income taxes Less: Income tax expense Net income 77% 16% 61% Company B 100% 21% 79% 24% 55% 4% 51% 4% 47% 3% 58% 3% 55% Which company is more profitable based on this common - size statement? O A. Company B OB. Company A OC. Company A and B are equally profitable OD. Cannot determine from...
The attainable budget for a company is listed in the table below. If the company decreases price by 5% what is the Marginal Ratio after price decrease? Earnings Variable Cost Fixed Cost Net Profit (before tax) Attainable Budget $700.000 $478.000 $64.000 $62,000 OA) 0.42 OB) 0.28 OC) 0.68 OD) 0.72
What ratio indicates the management's effective use of company resources? O A) The profit before tax to total assets (PTA) OB) The Degree of Fixed Asset Newness (DFAN) O C) Profit before tax to net worth ratio OD) Expense to Revenue ratios
The following is summary of information presented on the financial statements of a company on December 31, 2015 Account Net Sales Revenue Cost of Goods Sold Gross Profit Selling Expenses Net income before income tax expense Income tax expense Net Income 2015 $607,000 452,000 155,000 54,000 101,000 39,000 $62,000 2014 $500,000 404,000 96,000 56,000 40,000 20,000 $20,000 What would a horizontal analysis report show with respect to net sales revenue? O A. a 241.59% decrease in net sales revenue. OB....
Q: According to these statements in Table 6-1, What is the
(ROI) Return on Investment?
Table 6-1 ALPHA MANUFACTURING COMPANY, Balance Sheet Cash and Marketable Securities $225,000 Accounts Receivable 890,000 Inventories (lower of cost or market) 930,000 Prepaid Expenses 10,150 Accumulated Tax Prepayments 12.000 Current Assets 2,067,150 Fixed Assets at Cost 2,500,000 less: Accumulated Depreciation 700.000 Net Fixed Asset 1,800,000 Investments, Long-Term 35,000 Goodwill 100.000 Total Assets $4,002.150 Bank Loans and Notes Payable $448,500 Accounts Payable 148,000 Accrued Taxes 36,000...
Question Completion Status: QUESTION 5 Beta Company provided the following information for June: Beginning inventory of finished goods Beginning inventory of work-in-process Ending inventory of finished goods Direct labor used $5,000 $18,000 $ 3,000 $13,000 $10,000 4,000 $5,500 Raw materials used Manufacturing overhead Cost of goods manufactured (COGM) The company's cost of goods sold (COGS) for June is OA $3,500 B. $2,500 OC.$7,500 D. $42,000 QUESTION 6 Compute cost of ending inventory using the following data: $32,000 Cost of beginning...
The following is a summary of information presented on the financial statements of a company on De Account 2019 2018 Net Sales Revenue $607,000 $500,000 Cost of Goods Sold 456,000 402,000 Gross Profit 151,000 98,000 Selling Expenses 54,000 54,000 Net Income Before Income Tax Expense 97.000 44,000 Income Tax Expense 42,000 19.000 Net Income $55,000 $25,000 With respect to net sales revenue, a horizontal analysis reveals O A a $54,000 increase in net sales revenue OB. a 241.59% decrease in...
Answer the following question with the data contained in Table 1 below. By default base of earnings, what amount of Other Fixed Expense should be allocated to the profit center of New Construction? Table 1. Profit Center Analysis Company New Construction Remodel Industrial Retrofit Account $ $ $ S Earnings (revenue) 10,000,000 7,000,000 2,500,000 500,000 Cost of Construction Labor 1,600,000 630,000 620,000 350,000 Material 4,000,000 2,620,000 1,380,000 0 Subcontracts 3,200,000 3,200,000 0 0 Other Direct Cost (JOH) 200.000 200,000 0...
Required information (The following information applies to the questions displayed below.] Phoenix Company's 2017 master budget included the following fixed budget report. It is based on an expected production and sales volume of 15,000 units. $3,000,000 PHOENIX COMPANY Fixed Budget Report For Year Ended December 31, 2017 Sales Cost of goods sold Direct materials $975,000 Direct labor 225,000 Machinery repairs (variable cost) 60,000 Depreciation,Plant equipment (straight-line) 300,000 Utilities ($ 45,000 is variable) 195,000 Plant management salaries 200,000 Gross profit Selling...
Company A 100% 23% Sales revenues Less: Cost of goods sold Gross profit Less: Operating expenses Operating income Less: Interest expense Income before income taxes Less: Income tax expense Net income 77% 16% 61% Company B 100% 21% 79% 24% 55% 4% 51% 4% 47% 3% 58% 3% 55% Which company is more profitable based on this common - size statement? O A. Company B OB. Company A OC. Company A and B are equally profitable OD. Cannot determine from...
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