13 - A beauty salon presents the following data: Monthly rent: R$6,000.00; Salaries: R$12,000.00 IPTU, condominium: R$1800.00; Electricity, gas, telephone: R$ 1500.00 Sales commission: 5%; Invoicing taxes: 15% • Average service ticket: RS 120.00. What is the monthly operating break-even point? * a) 226 b) 216

13 - A beauty salon presents the following data: Monthly rent: R$6,000.00; Salaries: R$12,000.00 IPTU, condominium: R$1800.00; Electricity, gas, telephone: R$ 1500.00 Sales commission: 5%; Invoicing taxes: 15% • Average service ticket: RS 120.00. What is the monthly operating break-even point? * a) 226 b) 216

EBK CFIN

6th Edition

ISBN:9781337671743

Author:BESLEY

Publisher:BESLEY

Chapter15: Managing Short-term Assets

Section: Chapter Questions

Problem 5PROB

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Problem A DEF has total forecasted gross purchases of P4,500,000 relating to a major supplier for the coming year. The supplier is offering a credit term of 3/15, n/45. How much is the simple annual effective cost of paying on the 45th day? Problem B ABC can take a 45-day loan with a 15% interest deducted in advance, to be reapplied each time. How much is the simple annual cost of the loan? Problem C ABC’s bank offered a loan with conditions of a P5,000,000 face amount, 6-month term, 4% interest deducted in advance and bank charge of P30,000. How much is the compounded annual effective cost of the bank loan?
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Additional information:(i) Selling price is RM40 per unit. 10% of the sales are cash sales andthe remaining sales are in credit.(ii) 60% of the debtors will pay at the end of the month of sales andremaining of the debtors will pay on the next month of sales.(iii) All purchases are on credit and the payment to creditors will be70% in the month following the purchases and the balance will bepaid two month after the purchases.(iv) 75% of wages paid in the month incurred while the balance will bepaid on the first week of the following month.(v) The production overhead costs are inclusive of depreciation onmachinery amounted to RM12,000 per month and are settled in themonth incurred.(vi) In February 2022, the company sells a motor van which wasbought in 2020 at a cost of RM54,000. The accumulateddepreciation of the motor van is RM18,000 and a loss on disposalof RM4,100 is expected. Cash received from the sales of the motorvan will be used as a down payment for buying a new lorry…