EasyFind manufactures and sells golf balls. The company is conducting a price test to find a better price point. Presently their golf balls sell for $23 per dozen. Their current volume is 4,970 dozen per month. They are considering reducing their sales price by 22% per dozen. What % increase in unit sales is necessary to achieve the same level of total contribution?
Q: Siliconia Manufactuing Ltd. had retained earnings of $400,000 and $50,000 in cash on January 1st,…
A: Financing activities is a section of cash flow statement which is prepared by the entity to…
Q: Between The Ears (BTE.com) is a popular Internet music store. During the current year, the company's…
A: The market value of a store's inventory is determined using the retail inventory method, a method of…
Q: Summer Repair Shop has a monthly target operating income of $40,000. Variable expenses are 85% of…
A: The margin of safety sales means difference between current sales and break even sales. Break even…
Q: Required information [The following information applies to the questions displayed below.] Markus…
A: Average inventory :— It is calculated by dividing sum of ending balance of inventory and beginning…
Q: How do changes in accounting standards or policies affect accounting quality?
A: Accounting standards refer to a set of guidelines, principles, and rules that define how financial…
Q: More info Jan. 4 Jan. 8 Sold $17,000 of antiques on account, credit terms are n/30. Cost of goods is…
A: Journal Entry :— It is an act of recording transaction in books of account when transaction…
Q: Answer the question correctly. Thank you. What do you believe to be the primary advantage that human…
A: Some of the advantages of human accountants over accounting software programs are One of the main…
Q: Below is the Inventory purchases of Carrigan Corrugated Company. Beginning balance January 1st…
A: LIFO Method - Under the LIFO Method of Inventory valuation company uses it to sell or in the…
Q: Salsa Company is considering an investment in technology to improve its operations. The investment…
A: Net present value (NPV) is the difference between the present value of cash inflows and the present…
Q: At the end of 2025, Blossom Company purchased 6000, $1000, 10% bonds. The carrying value of the…
A: Face value of bonds (6,000 bonds * $1,000) $6,000,000 Less: Carrying value of bonds on December…
Q: Smith Ltd has three product lines: A, B, and C. Sales Variable costs Contribution Margin Fixed costs…
A: A B C Sales $10,000 $9,000 $12,000 Variable Costs $4,500 $7,000 $6,000 Contribution Margin…
Q: Show how each item should be reported in the statement of cash flows (Show amounts that decrease…
A: Statement of cash flow is a financial statements that is used to reveal the sources and uses of cash…
Q: Current Attempt in Progress The adjusted account balances of Cullumber Corporation at December 31,…
A: A P&L statement (income statement) is a financial statement that shows the earnings generated by…
Q: 2-a. Did the company's dividends exceed its net income? O Yes O No 2-b. Which financial statement…
A: Income Statement:— It is one of the types of financial statement that shows the performance in the…
Q: On July 1, 2023, Sheffield Aggregates Ltd. purchased 7% bonds with a maturity value of $135,000 for…
A: Journal entry is the initial record of the transactions in the books of accounts it includes at…
Q: The following data from the just completed year are taken from the accounting records of Mason…
A: Income Statement :— It is one of the financial statement that shows profitability, total revenue and…
Q: Starling Corporation started the year on January 1 with the following balances in stockholders'…
A: Stockholder's Equity - Stockholder's Equity includes issuance of Common Stock, Any amount paid over…
Q: Aquablue Roadways Corporation operates throughout the United States. The following data (in…
A: Ratio analysis used identify the business performance of the company. It is used to measure…
Q: interest rate of i = 0.03. What is the minimum interest rate that the lender will charge to borrow…
A: To determine the minimum interest rate that the lender will charge to borrow money in this economy,…
Q: nalyze the relationship among risk, opportunity and controls: Craig learns that one of the…
A: The situation described involving an employee using company equipment for personal snow plowing jobs…
Q: Accounting data of Elk Company are presented here. Net income Preferred dividends Common…
A: Lets understand the basics. Return on common stockholders equity shows how much percentage of net…
Q: Your current net worth is $10,000. The following transactions occur: pay expenses of $1,000 and…
A: Net worth refers to an amount earned from the business after deducting all the liabilities from the…
Q: 7) DeHaan Company owns 40,000 shares of the common stock of Curtis Company. DeHaan decided to divest…
A: A journal entry is a process in the accounting system that allows the company to record the…
Q: One of the cost pools at Rondelle Store is the Personnel department that provides recruiting and…
A: COST ALLOCATION When item of cost are Identifiable directly with some products or departments such…
Q: The owner of a building supply company has requested a cash budget for June. After examining the…
A: Cash Budget is that budget which helps in every organisation to maintain Cash balance for day to…
Q: Required information [The following information applies to the questions displayed below.] Cane…
A: For decision making purposes only relevant cost are considered, relevant cost are those cost that…
Q: Applying the tests for identifying a reportable segment in accordance with AASB 8, which of the…
A: 2. industrial manufacturing, mechanical engineering and retailing, 75 per cent test satisfied…
Q: At the beginning of the year, Custom Manufacturing set its predetermined overhead rate using the…
A: Predetermined Overhead Rate :— It is the rate used to allocate manufacturing overhead cost to cost…
Q: Bronco Truck Parts expects to sell the following number of units at the prices indicated under three…
A: Sales are very important for the company because sales revenue is the main source of income. The…
Q: Wyzard Corporation is a shipping container refurbishment company that measures its output by the…
A: Flexible budget is flexible in nature and is prepared for the actual units produced during the year.…
Q: Miller Company's contribution format income statement for the most recent month is shown below: Per…
A: The Income Statement is one of a company's core financial statements that shows their profit and…
Q: The transactions of Spade Company appear below. Kacy Spade, owner, invested $11,000 cash in the…
A: Trial balance is the summary of all general ledger accounts being used in business. Under this,…
Q: Bandar Industries Berhad of Malaysia manufactures sporting equipment. One of the company's products,…
A: Standard quantity of kilograms allowed to make 35000 helmets = Standard quantity per helmet × 35000…
Q: Required information The Foundational 15 (Algo) [LO6-1, LO6-3, LO6-4, LO6-5, LO6-6, LO6-7, LO6-8]…
A: The contribution Margin is calculated as difference between sales and variable cost. The unit cost…
Q: 1)Roberts Corp. reports pretax accounting income of $200,000, but due to a single temporary…
A: The deferred tax liability is created when the income tax liability (income tax expense) as per the…
Q: Sheffield Inc. recently hired a new accountant with extensive experience in accounting for…
A: The journal entries are prepared to record the transactions on regular basis. The treasury stock…
Q: you like you!), you are assuming the educa plan to put money into an investment a You believe that…
A: In this question, we will make the discrete cash flow diagram
Q: ABC Company has the following information for the year ended December 31, 2022: Sales revenue:…
A: The amount of money that a business or individual makes after subtracting all costs, taxes, and…
Q: In 2024, Crane, Inc. issued 97000 shares of $100 par value convertible preferred stock stock can be…
A: Conversion of shares means to convert the shares from one kind of share to the other. It could be…
Q: On January 1, 2022, the Bonita Company budget committee has reached agreement on the following data…
A: The direct material purchase budget is the statement which is prepared by the entity for the purpose…
Q: On May 10, Pronghorn Corp. issues 2,200 shares of $4 par value common stock for cash at $14 per…
A: The shares are issued to the shareholders of the business. The additional paid in capital is the…
Q: Elkhardt Corporation, a publicly traded company, was organized on January 1, 2021. It is authorized…
A: Stockholders Equity - Stockholder's Equity includes Issuance of Common Shares and Preferred Shares.…
Q: Required information [The following information applies to the questions displayed below.) Markus…
A: Financial ratios are calculated to assess the efficiency and effectiveness in various areas of a…
Q: Which of the following is correct about the effective-interest method of amortization? A. The…
A: Effective Interest method of amortization:- The effective interest method of amortization is a…
Q: Cash Available-for-sale debt securities (not cash equivalents) Accounts receivable Inventory Prepaid…
A: The cash flow statement is one of the financial statement of the business. The cash flow statement…
Q: Below are cash transactions for Goldman Incorporated, which provides consulting services related to…
A: Cash flow statement is one of financial statements includes three activities. Cash flow from…
Q: Selected transactions for Sheridan Corporation during September 2018, its first month in business,…
A: The accounting equation is a mathematical representation of financial transactions. The accounting…
Q: Required: a. If Hayley reinvests the annual dividend she receives net of any taxes owed on the…
A: The formula for calculations of net dividend and Investment worth Net Dividend = Dividend * (1 -…
Q: he firm is paying pretax $100,000 per year for services included in Contract A. There are 5…
A: Pre-tax benefits are those that are taken out of your pay check before taxes are calculated, like a…
Q: The USB Company's profit statement for the preceding year is presented below. Except as noted, the…
A: BREAKEVEN POINT Break Even means the volume of production or sales where there is no profit or loss.…
Please help me with show all calculation thanku
Step by step
Solved in 3 steps
- Keleher Industries manufactures pet doors and sells them directly to the consumer via their web site. The marketing manager believes that if the company invests in new software, they will increase their sales by 10%. The new software will increase fixed costs by $400 per month. Prepare a forecasted contribution margin income statement for Keleher Industries reflecting the new software cost and associated increase in sales. The previous annual statement is as follows:Shelby Industries has a capacity to produce 45.000 oak shelves per year and is currently selling 40,000 shelves for $32 each. Martin Hardwoods has approached Shelby about buying 1,200 shelves for a new project and is willing to pay $26 each. The shelves can be packaged in bulk; this saves Shelby $1.50 per shelf compared to the normal packaging cost. Shelves have a unit variable cost of $27 with fixed costs of $350,000. Because the shelves dont require packaging, the unit variable costs for the special order will drop from $27 per shelf to $25.50 per shelf. Shelby has enough idle capacity to accept the contract. What is the minimum price per shelf that Shelby should accept for this special order?Cadre, Inc., sells a single product with a selling price of $120 and variable costs per unit of $90. The companys monthly fixed expenses are $180,000. What is the companys break-even point in units? What is the companys break-even point in dollars? Prepare a contribution margin income statement for the month of October when they will sell 10,000 units. How many units will Cadre need to sell in order to realize a target profit of $300,000? What dollar sales will Cadre need to generate in order to realize a target profit of $300,000? Construct a contribution margin income statement for the month of August that reflects $2,400,000 in sales revenue for Cadre, Inc.
- Baghdad Company produces a single product. They have recently received the result of a market survey that indicates that they can increase the retail price of their product by 10% without losing customers or market share. All other costs will remain unchanged. If they enact the 10% price increase, what will be their new break-even point in units and dollars? Their most recent CVP analysis is:Delta Co. sells a product for $150 per unit. The variable cost per unit is $90 and fixed costs are $15,250. Delta Co.s tax rate is 36% and the company wants to earn $44,000 after taxes. What would be Deltas desired pre-tax income? What would be break-even point in units to reach the income goal of $44,000 after taxes? What would be break-even point in sales dollars to reach the income goal of $44000 after taxes? Create a contribution margin income statement to show that the break-even point calculated in B, generates the desired after-tax income.Jansen Crafters has the capacity to produce 50,000 oak shelves per year and is currently selling 44,000 shelves for $32 each. Cutrate Furniture approached Jansen about buying 1,200 shelves for bookcases it is building and is willing to pay $26 for each shelf. No packaging will be required for the bulk order. Jansen usually packages shelves for Home Depot at a price of $1.50 per shell. The $1.50 per-shelf cost is included in the unit variable cost of $27, with annual fixed costs of $320.000. However, the $130 packaging cost will not apply in this case. The fixed costs will be unaffected by the special order and the company has the capacity to accept the order. Based on this information, what would be the profit if Jansen accepts the special order? A. Profits will decrease by $1,200. B. Profits will increase by $31,200. C. Profits will increase by $600. D. Profits will increase by $7,200.
- Maple Enterprises sells a single product with a selling price of $75 and variable costs per unit of $30. The companys monthly fixed expenses are $22,500. What is the companys break-even point in units? What is the companys break-even point in dollars? Construct a contribution margin income statement for the month of September when they will sell 900 units. How many units will Maple need to sell in order to reach a target profit of $45,000? What dollar sales will Maple need in order to reach a target profit of $45,000? Construct a contribution margin income statement for Maple that reflects $150,000 in sales volume.Syntech makes digital cameras for drones. Their basic digital camera uses $80 in variable costs and requires $1,500 per month in fixed costs. Syntech sells 100 cameras per month. If they process the camera further to enhance its functionality, it will require an additional $45 per unit of variable costs, plus an increase in fixed costs of $1,000 per month. The current price of the camera is $160. The marketing manager is positive that they can sell more and charge a higher price for the improved version. At what price level would the upgraded camera begin to improve operational earnings?Dimitri Designs has capacity to produce 30,000 desk chairs per year and is currently selling all 30,000 for $240 each. Country Enterprises has approached Dimitri to buy 800 chairs for $210 each. Dimitris normal variable cost is $165 per chair, including $50 per unit in direct labor per chair. Dimitri can produce the special order on an overtime shift, which means that direct labor would be paid overtime at 150% of the normal pay rate. The annual fixed costs will be unaffected by the special order and the contract will not disrupt any of Dimitris other operations. What will be the impact on profits of accepting the order?
- Deuce Sporting Goods manufactures a high-end model tennis racket. The company’s forecasted income statement for the year, before any special orders, is as follows: Fixed costs included in the forecasted income statement are $400,000 in manufacturing cost of goods sold and $200,000 in selling expenses. A new client placed a special order with Deuce, offering to buy 1,000 tennis rackets for $100.00 each. The company will incur no additional selling expenses if it accepts the special order. Assuming that Deuce has sufficient capacity to manufacture 1,000 more tennis rackets, by what amount would differential income increase (decrease) as a result of accepting the special order? (Hint: First compute the variable cost per unit relevant to this decision.)Kerr Manufacturing sells a single product with a selling price of $600 with variable costs per unit of $360. The companys monthly fixed expenses are $72,000. What is the companys break-even point in units? What is the companys break-even point in dollars? Prepare a contribution margin income statement for the month of January when they will sell 500 units. How many units will Kerr need to sell in order to realize a target profit of $120,000? What dollar sales will Kerr need to generate in order to realize a target profit of $120,000? Construct a contribution margin income statement for the month of June that reflects $600,000 in sales revenue for Kerr Manufacturing.Mortech makes digital cameras for drones. Their basic digital camera uses $80 in variable costs and requires $1,500 per month in fixed costs. Mortech sells 200 cameras per month. If they process the camera further to enhance its functionality, it will require an additional $45 per unit of variable costs, plus an increase in fixed costs of $1,000 per month. The current price of the camera is $200. The marketing manager is positive that they can sell more and charge a higher price for the improved version. At what price level would the upgraded camera begin to improve operational earnings?
