Below is the income statement for NUBD Co. for 2020: Sales "Variable costs Contribution margin Fixed costs Profit before tax Income tax (25%) Net income after tax P400,000 (130,000) 270,000 (195,000) 75,000 (18,750) P56.250 ........e .....***... .... ... .....
Q: In 2019, Preston Company provided the following data: Sales price per unit P100; Variable cost per…
A: New Fixed cost = 1,500,000 + 500,000 = 2,000,000 New Unit variable cost = P60 - 25% = P45 New…
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A: Solution:- The following working note required for calculation of final answer as follows under:-…
Q: ses its selling prices by 1
A: Given information : Variable expenses = 55% Fixed expenses = 15% Anticipated increase in selling…
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Q: In 2020, National Co. sold 3,000 units at P500 each. Variable expenses were P250 per unit, and fixed…
A: Breakeven Point (Units) = Fixed ExpensesSelling Price - Variable Costs
Q: Ciin 2018, the company's sales was P 500,000. Its fixed costs amounted to P 100,000 per vear. In…
A: Note: Since you have asked multiple questions, we will solve the first question for you. If you want…
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A: The question is based on the concept of Cost Accounting.
Q: n 2019, Bramble Corp. sold 3000 units at $400 each. Variable expenses were $320 per unit, and fixed…
A: Contribution margin per unit = Sales revenue per unit - Variable expense per unit =$400 -…
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A: In order to arrive at the sales required to be made for earning desired/ targeted amount of income,…
Q: Assuming NUBD incorporate these changes in its 2021 forecast, what should be the net income after…
A: Net income after taxes means income calculated after deducting all the costs from the sales revenue…
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A: Cost Volume variance = (Quantity sold in 2021 - Quantity sold in 2020) x Unit Cost Price in 2020
Q: Assuming that the company has a current sales of $120,000 with a 25% margin of safety. Its…
A: Break even sales = Fixed cost/contribution ratio
Q: Given the following for Silver Company in 2019: revenues P5,300,000, manufacturing costs P2,200,000…
A: Contribution margin = Revenues - Variable cost
Q: Rose Trading had RM210,000 of net profit in year 2021 when the selling price per unit was RM150,…
A: Contribution margin per unit = selling price per unit - variable costs per unit = RM150 - 90 = RM60
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A: Given, Variable costs = 20% Contribution margin ratio = 100%-20% Contribution margin ratio = 80%
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A: Current contribution margin ratio = $20 / $40 = 50% Current total contribution margin = 2,990*$20 =…
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Q: Belowis an income statement for NUBD Company P400,000 (120.000) Contribution margin P280,000…
A: The net income is calculated as difference between sales revenue and total costs.
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A: Break even point (Sales) = Fixed Cost/ PV ratio PV Ratio = Contribution/ Sales Contribution = Sales…
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A: A Corporation generated gross profits:- In 2020, Sales price was 10% lower than the 2019 sales…
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A: Cost of goods sold = Fixed manufacturing cost + Variable manufacturing cost
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A:
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Q: What is Armin’s breakeven point in 2019?
A: Margin of safety = Total sales - Breakeven sales. Breakeven sales = Total sales - Margin of safety.
Q: 1. Assuming that the fixed costs are expected to remain at 200,000 for the coming year and the sales…
A: Fixed costs are costs that do not change with change in level of activity, but total variable costs…
Q: How many units would NUBD Company need to sell to earn a profit after taxes of P15,000? * The…
A: Solution: Contribution margin per unit = Selling price - Variable costs = P7 - P2 = P5 per unit…
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A: “Since you have asked multiple sub-parts, we will solve the first three sub-part for you. If you…
Q: In 2020, National Co. sold 1,000 units at P500 each, and earned net income of P40,000. Variable…
A: The question is based on the concept of Cost Accounting.
Q: n 2020, National Co. sold 1,000 units at P500 each, and earned net income of P40,000. Variable…
A: solution given details of 2020 Units sold 1000 Selling price per unit 500 Net income…
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A: The income statement is prepared to find net income or losses incurred during the period.
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A: The cost of sales include the cost of goods that are sold during the period.
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Q: In 2019, Papa Company provided the following data: Sales price per unit P100; Variable cost per unit…
A: Contribution margin per unit = selling price - Variable cost per unit = 100-60 = P40 per unit
Assuming that the amount of fixed costs is expected to remain at P190,000 for 2021. and the sales price per unit and variable costs per unit are also expected to remain constant, how much profit before tax will be produced if the company anticipates that the 2021 sales will be rising to 130% of the 2020 level.
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- A company has pre-tax or operating income of $120,000. If the tax rate is 40%, what is the companys after-tax income? A. $300,000 B. $240,000 C. $48,000 D. $72,000A company has wants to earn an income of $60,000 after-taxes. If the tax rate is 32%, what must be the companys pre-tax income in order to have $60,000 after-taxes? A. $88,235 B. $19,200 C. $79,200 D. $143,000Brandt Corporation had sales revenue of 500,000 for the current year. For the year, its cost of goods sold was 240,000, its operating expenses were 50,000, its interest revenue was 2,000, and its interest expense was 12,000. Brandts income tax rate is 30%. Prepare Brandts multiple-step income statement for the current year.
- Use the following income statement of Elliott Game Theory Consulting to determine its net operating profit after taxes (NOPAT). Use 25% as the tax rate. Elliott Game Theory Consulting Income Statement for Year Ending December 31Rhodes Corporations financial statements are shown after part f. Suppose the federal-plus-state tax corporate tax is 25%. Answer the following questions. a. What is the net operating profit after taxes (NOPAT) for 2020? b. What are the amounts of net operating working capital for both years? c. What are the amounts of total net operating capital for both years? d. What is the free cash flow for 2020? e. What is the ROIC for 2020? f. How much of the FCF did Rhodes use for each of the following purposes: after-tax interest, net debt repayments, dividends, net stock repurchases, and net purchases of short-term investments? (Hint: Remember that a net use can be negative.) Rhodes Corporation: Income Statements for Year Ending December 31 (Millions of Dollars) Rhodes Corporation: Balance Sheets as of December 31 (Millions of Dollars)The net sales of JEY Company in 2019 is ₱580,000. The cost of goods manufactured is ₱480,000. The beginning inventories of goods in process and finished goods are ₱82,000 and ₱65,000, respectively. The ending inventories are: goods in process –₱75,000; finished goods –₱55,000. The selling expenses and general and administrative expenses are 5% and 2.5% of cost of sales, respectively. How much would be the net profit before tax in the year 2019? 45,725 ₱ 53,250 ₱ 90,000 ₱ 83,000
- The financial data of Mammoth corporation for the year ended 31st December,2020 is as followsParticulars Variable expense as percentage of sales 66.67Interest Expense ($) 200DOL 5DFL 3Income tax rate 0.35Requirement:a) Prepare income statement for company.The following is the income statement belongs to Excel Star LLC for the year ending 31 December 2020: Excel Star LLC Income Statement for the year ending 31December 2020 Net Sales OMR 25000 Cost of Goods Sold 7000 Gross Profit 18000 Operating Expenses 8000 Operating Income 10000 Other Income: Interest Income ____4000 Profit Before Tax OMR 14000 If the company pays an income tax expense on its profit at 30%, determine the amount of tax payable Select one: a. 10000 OMR b. 9800 OMR c. 4200 OMR d. 18200 OMRABC Company prepared the following income statement for the year 2020: Sales P6,000,000 Cost of goods sold (2,800,000) Gross Income P3,200,000 Gain on sale of equipment 100,000 Total Income P3,300,000 Operating expenses (500,000) Casualty loss (300,000) Income before tax P 2,500,000 Income tax- 30% 750,000 Net Income P1,750,000 Third quarter…
- Prepare a projected statement of comprehensive income for the year ended 31 December 2021 to determine the sales needed to produce a profit after tax that is 25% more than that for the year ending 31 December 2020.(Where applicable round of amounts to the nearest rand) INFORMATION:Calder EnterprisesStatement of Comprehensive Income for the year ended 31 December 2020 Additional information:1. Cost of sales is expected to be 60% of sales.2. Operating expenses will increase by 4%.3. Interest expense will increase to R120 000.4. The tax rate will remain at 28%3.2 Use the information from question 3.1 (not your solution) and calculate the following for the year ending 31 December 2020:3.2.1 Gross margin 3.2.2 Net profit margin 3.2.3 Operating margin 3.2.4 Interest coverageGHIST Co. reported a net income of P2,100,000 for 2020. It incurred operating expenses other than interest expense, at 40% of cost of sales but only 20% of sales. Interest expense is 5% of sales. Purchases is 120% of the cost of sales and ending inventory is twice the beginning inventory. If the company is subject to 30% income tax, how much is the company's sales for the year? *a. P10,000,000b. P12,000,000c. P15,000,000d. P18,000,000e. answer not givenEcare Berhad has the following income statement items for 2021: Revenue/Sales RM4,801,139 Finance costs/Interest expense RM293,938 Other items of income RM38,552 Cost of sales (COGS) RM3,917,144 Income tax expenses 35% of taxable income Dividend payment 40% of net profit What is the amount of the firm's earning before tax? Select one: a. RM628,609 b. RM590,057 c. RM408,596 d. RM883,995