Adriana Co., with annual net sales of $5 million, maintains a markup of 25% based on cost. Adriana’s expenses average 15% of net sales. What is Adriana’s gross profit and net profit in dollars?

Q: porated's contribution margin ratio is 61% and its fixed monthly expenses are $45,500. Assuming that…

A: Net operating income refers to the concept of evaluating the expected sum of money arising out of an…

Q: Gayne Corporation's contribution margin ratio is 12% and its fixed monthly expenses are $84,000. If…

A: Net operating Income= (Sales- Variable cost)-Fixed expenses = Contribution- Fixed expenses…

Q: Given the following data, compute the Survival Revenues (SR) for a corporation which sells Black &…

A: Survival revenue indicates the amount of revenue that a corporation requires to earn in order to…

Q: Ever Manufacturers had sales of $900,000 in 2006 and their cost of goods sold represented 65 percent…

A: Given, Sales =$900,000 COGS =65% of sales = $900,000*65% = $585,000 Selling and Administrative…

Q: Milden Company is a merchandiser that plans to sell 12,000 units during the next quarter at a…

A: Cost of goods sold has direct costs with production process of goods where it includes materials and…

Q: Neeley Grocery has a monthly target operating income of $25,000. Variabe expenses are 20% of sales…

A: Compute the Neeley Grocery's operating leverage factor at the target level of operating income:…

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

A:

Q: ollux Company had the following income statement for last year: Sales $360,000 Less: Cost of…

A: Gross profit margin is one of a profitability ratio which helps management to identify or analyze…

Q: For its most recent fiscal year, a firm reported that its contribution margin was equal to 40…

A: The question is based on the concept of Cost Accounting.

Q: Lemon Auto Wholesalers had sales of $1,400,000 last year, and the cost of goods sold represented 77…

A: Answer: Calculation of the earning after tax: Earning after tax is the net income a company earns…

Q: A business produces an annual net income of $103,000. The annual operating costs total rate of…

A: A model that helps to evaluate the value of the firm by discounting the future cash flow of the firm…

Q: ean Company has sales of $228,000, and the break-even point in sales dollars is $157,320. Determine…

A: Margin of safety means the difference between the budget sales and breakeven sales. It means the…

Q: Local Co. has sales of $10.7 million and cost of sales of $6.4 million. Its selling, general and…

A: Answer-  First three subparts solved.  Part a) Calculation of Gross Margin -  GIven, Sales = $10.70…

Q: Jilk Inc's contribution margin ratio is 619% and its fixed monthly expenses are $47,500. Assuming…

A: Formula : Net operating income = Contribution margin - Fixed expenses Deduction of fixed expenses…

Q: McShane Corporation has sales of $300,000, a gross profit margin of 35%, operating expenses of…

A: The time interest earned ratio is the ratio that provides the ability of the company to pay of its…

Q: Liman Corporation has a single product whose selling price is $140 and whose variable expense is $60…

A: The target profit refers to the expected amount of profit that the entity wants to achieve. The…

Q: During the current year, Green Bay Company earned a grossprofit of $350,000, whereas New England…

A: Gross margin (gross profit): Gross margin is the amount of revenue earned from goods sold over the…

Q: arukh Corporation sells a single product for Rs. 15 per unit. Last year, the company's sales revenue…

A: Break-even analysis is a technique widely used by the production department. It helps to determine…

Q: Carr Auto Wholesalers had sales of $1,040,000 in 20XX, and the cost of goods sold represented 74…

A: An income statement is the one prepared by the company in a structured manner to determine the net…

Q: A company sells a single product for $15 per unit. Last year, the company's sales revenue was $223k…

A: Break even point is a situation where a firm has it sales revenue equals to its cost of sales. This…

Q: Last year, Hassan's Madhatter, Inc. had an ROA of 6 percent, a profit margin of 12.80 percent, and…

A: The provided information are: ROA = 6% Profit margin = 12.80% Sales = $15 Million

Q: Jonick Company has sales of $460,000, and the break-even point in sales dollars is $372,600.…

A: Sales $4,60,000 Break-even point in sales dollars $3,72,600 Margin of Safety $ (Sales in dollar…

Q: Shoecraft earns a 42% contribution margin as percent of selling price, What is Shoecraft's ANNUAL…

A: Step 1 Profit is the difference between sales and cost of sales of all the sales made by the entity…

Q: What is your net dollar sales projection for this year?

A: Sales: It represents the amount of money received from the firm's normal operations. Sales are also…

Q: Last year, a company reported sales of $715.5k, a contribution margin ratio of 39.25% and a net loss…

A: Break even point means a point where firm is neither earning profit nor incurring any loss. For…

Q: Bed Bug Inn has annual sales of $137,000. Earnings before interest and taxes are equal to 5.8…

A: We know that the formula to calculate the profit margin is  Profit Margin = (Net Income/Sales) * 100…

Q: Below is the Income Statement of Babana Inc. for the current year:   Sales 18,000,000 Less: Cost…

A: Net Income is the income after reducing all the expenses including income tax. The calculation is…

Q: Lemon Auto Wholesalers had sales of $1,000,000 last year, and cost of goods sold represented 78…

A: The question is based on the concept of business transaction analysis.

Q: Quick Inc. has sales of $36,400,000, and the break-even point in sales dollars is $24,024,000.…

A: Margin of safety = Total sales - Break even sales = $36,400,000 - $24,024,000 = $12,376,000

Q: Farukh Corporation sells a single product for Rs. 15 per unit. Last year, the company's sales…

A: No. of units sold = Total sales / Sales price per unit = Rs. 225,000 / Rs. 15 per unit = 15,000…

Q: Keller Cosmetics maintains an operating profit margin of 9.00% and a sales-to-assets ratio of 3.90.…

A: Note: Given situation consists of multiple questions and in this situation, no specified one…

Q: Deton pen Manufacturers sales= $980,000 cost of goods sold represented 64 percent of sales.…

A: Net income of an firm can be calculated by subtracting the cost of goods sold and other expenses…

Q: Orono Corp.'s sales last year were $575,000, its operating costs were $362,500, and its interest…

A: As per formula Times interest earned (TIE) ratio = (Sales-Operating cost)/Interest expenses   Where…

Q: Last year, Flynn Company reported a profit of $70,000 when sales totaled $520,000 and the…

A:

Q: Libscomb Technologies' annual sales are $6,750,624 and all sales are made on credit, it purchases…

A: Receivables Period = 365 / Receivables turnover

Q: sales are estimated at 125,000 units, and it is required to achieve income after tax of 75,000…

A: Total Estimated variable cost  = Total Estimated Sales - Total Estimated Fixed Cost  - Total…

Q: Blossom Corp. has annual sales totaling $1146000 and an average gross profit of 20% of cost. What is…

A: Gross profit = Sales - Cost Gross profit = Sales x Gross profit (%)   So, Sales = Gross profit +…

Q: The Rollings Company had sales of $1,000 with cost of goods sold (COGS) equal to 30% of sales.…

A: Introduction: Net income refers to the after-tax income of an individual.  Net income can also be…

Q: Discuss the materiality concept. Is the dollar amount that is material the same for a company that…

A: Materiality concept: The accounting concept which focusses that all the financial items and figures…

Q: The Rachel Company has sales of $450,000, and the break-even point in sales dollars is $292,500.…

A: Break-even analysis is a technique widely used by the production department. It helps to determine…

Q: Last month when Holiday Creations, Inc., sold 50,000 units, total sales were $200,000, total…

A: The calculation of contribution margin has been made as follows: Contribution margin=Sales-Variable…

Q: Milotic Corporation sells a single product for ₱25 per unit. Last year, the company's sales revenue…

A: Break even point means a point where firm is neither earning profit nor incurring any loss.…

Q: Sabv Corporation's break-even-point in sales is $800,000, and its variable expenses are 70% of…

A: Answer -  Calculation of Contribution margin : Break-Even Point Given, Contribution Margin = Fixed…

Q: Last year, Hassan's Madhatter, Inc. had an ROA of 6 percent, a profit margin of 12.80 percent, and…

A: Assets: These are the resources owned and controlled by business and used to produce benefits for…

Q: Kailyn Company has a 25% margin of safety. Its before-tax return on sales is 6%, and its tax rate is…

A: Sales are the basic revenue generating operation of the trading company which involves selling of…

Q: If selling price per unit is $30, variable costs per unit are $20, total fixed costs are $10,000,…

A: Net income - It is also known as net profit, it is the amount that is left after deducting all the…

Q: 1. Prepare a contribution format income statement for the next quarter. 2. Prepare a traditional…

A:

Q: ABC Inc. maintains a markup of 60 percent based on cost. The company's selling and administrative…

A: Given markup = 60% on cost Let us consider cost = 100 Then sales = 100 + (100×60%) = 100 +60 = 160

Q: Libscomb Technologies' annual sales are $6,997,444 and all sales are made on credit, it purchases…

A: Receivables turnover = Net credit sales / Average Receivables