If profit and fixed cost are 80,000 and 2,80,000 respectively, the total variable cost and break-even sales are:
Q: A plant bought a new equipment for P220,000and used it for 10 years, the life span of the equipment.…
A: Depreciation is a method of reducing the capitalized cost of long-lived operating assets or plant…
Q: implication on unrealized profit? S)SFP R5 600, Cr Income Tax expense (S) P/L R5 600 (S) SFP R7 000,…
A: Lets understand the basics. Deferred tax arise when there is taxable temporary difference arise…
Q: The BMW Company is considering to purchase a new machine. Annual cash returns on investment cost of…
A: Calculation of Payback Period :- = Initial Investment / Annual Cash Inflow = P1,200,000 / P220,000 =…
Q: CARMINE Company is preparing the interim financial statements for the first quarter ended March 31,…
A: As per IAS 34 Interim financial reporting Costs which are incurred unevenly during a year are be…
Q: please answer immediately thanks
A: Inventory valuation refers to determine the value of cost of goods sold and closing inventory…
Q: ood day! I need your help tutor please answer the question attached below. The answer is already…
A: Present worth is the present value of all cost that will occur during the life of equipment…
Q: Cash $7,000 Prepaid insurance 700 Accounts receivable 3,500 Accounts payable 2,800 Notes payable…
A: Introduction: Trial Balance: All the final ledger accounts balances are posted in Trial balance to…
Q: At the beginning of current year, BLACKPINK Company had 480,000 $60 par value ordinary shares and…
A: Diluted earnings per share (Diluted EPS) : Diluted EPS is the company's earnings per share if all…
Q: What constitutes "significant influence" when an investor's financial interest is less the 50%…
A: Significant influence means right to participate in financial and operating decision of an entity…
Q: 6. Discuss the inventory policies of Nordstrom to that of other department or retail stores. Does…
A: Inventory policies are used to establish the optimal route for a product to move through with a…
Q: (1a) What was the total amount of new money raised? (1b) What was the prospective stock price after…
A:
Q: prepare the consolidation worksheet adjusting entries for preparation of the consolidated financial…
A: Adjusting Entries: Particulars Dr. Cr. Dividend Income 5000 Retained Earnings…
Q: The Ivanhoe Acres Inn is trying to determine its break-even point during its off-peak season. The…
A: A break-even point is a situation in which the company's total cost is equal to total revenue and…
Q: Question 7 The return on total assets (ROA) measures the overall effectiveness of management in…
A: Financial ratios measures the raw data of the company for generating various inputs for actionable…
Q: Chevrolet Corporation is considering replacing an obsolete machine with a new machine. The new…
A: Formula: Simple rate of return = Net Annual savings in costs / Net initial investment where, Net…
Q: Two methods of allocating joint costs to main products are physical measure allocation and…
A: Option (d) is correct bother are true 1) Two methods of allocating joint costs to main products…
Q: compute the ending inventory using the retail method. Explain the steps that you would use in…
A: Inventory is the good which are the products which company have for the purpose of sale by the…
Q: ZAD2 Nonna's Re-Appliance Store collects 55% of its accounts receivable in the month of sale and 40%…
A: Comment - Multiple Questions Asked. ZAD2 Sales- A company's sales revenue is the money it makes from…
Q: he economic order quantity is not affected by the a. cost of purchase-order forms. b. safety stock…
A: The economic order quantity (EOQ) is a company's optimal order quantity for minimizing its total…
Q: Discuss the relationship between Management Accounting and Financial Accounting
A: Accounting comprises of processes that allow access to critical information that aids in…
Q: On January 31, 2022, RUBY Company agreed to pay the former president $300,000 under a deferred…
A: A change in accounting principle is the change in accounting from one accounting principle to…
Q: On December 31, 2021, Roth Company issued a P1,000,000 face value note payable to Wake Company in…
A: Note payable - A promissory note or a written agreement is what a note payable is. The creator of…
Q: Mindful Corporation sells merchandise on account for $5,000 to Absent Corporation with credit terms…
A: Formula used: Amount paid = Invoice amount - discount amount
Q: BLACK WIDOW Corporation failed to recognize accruals and prepayments since the inception of its…
A: Unused Office Supplies: If unused office supplies of $ 25,000 are not recorded, supplies expense is…
Q: Determine the Depreciation Expense for the calendar year 2019 on the following non - current assets…
A: Cost = P120,000 Salvage Value = P4,000 Estimated life = 5 years Depreciation per year =…
Q: of errors and rectifications can have on a fast food restaurant like McDonalds
A: It is important for any company to minimise their errors and focus on improving their quality of…
Q: Account Title Cash Accounts Receivable Supplies Land Office Equipment Accumulated Depreciation…
A: Stockholder's Equity - Stockholder's Equity includes the amount contributed by shareholders issued…
Q: a) Refer to the information in Question 1 for data. Now, assume that Juju has decided to use a…
A: Plant wide predetermined overhead rate = Budgeted overhead/Total direct labor hours
Q: Question A 68-year old retiree has a pension savings of $51,000, a 401k of $58,000, and an IRA…
A: Option 2
Q: 26. The cost of inventory (ore) in the first year is:
A: As per our protocol we provide solution to the one question only and you have asked various multiple…
Q: 26. The cost of inventory (ore) in the first year is:
A: As per our protocol we provide solution to the one question only and you have asked four multiple…
Q: The inventory records of Sixto Corp at Dec 31, 20X1 show a balance of P260,000. Also the following…
A: Inventory is one of the important current asset of the business. It includes inventory of raw…
Q: FINANCIAL STATEMENT ANALYSIS AND RATIO ANALYSIS The following are the balance sheet and income…
A: Financial Ratio Analysis: Financial ratio analysis is the technique of comparing the relationship…
Q: For years, EML has allocated overhead based on total machine hours. A recent assessment of overhead
A: You're a well-known local management auditor: Recognition: The issue is around the Integration,…
Q: On January 1, 2006, Taguig Company issued 3-year bonds with face value of P5,000,000 at 99. The…
A: Q1 Effective Interest Rate. The discounting rate at which the present value of cash flows equal to…
Q: What is the 2021 pension expense?
A: Pension expense (PE) refers to those expenses which are charged by the company in relation to pay…
Q: At the beginning of current year, BLACKPINK Company had 480,000 $60 par value ordinary shares and…
A: Diluted earnings per share (Diluted EPS) : Diluted EPS is the company's earnings per share if all…
Q: What is the weighted average number of ordinary shares outstanding that should be used for the…
A: Weighted Average Number of Shares The Calculation of Weighted average number of shares which can be…
Q: Barney makes a single product in two Departments. The production data for Dept. 2 for Aug 2020…
A: Beginning WIP Inventory + Manufacturing Costs - COGM = Ending WIP Inventory Where: COGM is the costs…
Q: 4. Which of the following statements is correct? a. Gross margin and contribution margin are the…
A: "Since you have asked multiple questions, we will solve first question for you. If you want any…
Q: In the December 31, 2021 balance sheet, what amount of the note payable should Dean report as…
A: Notes payable refers to a promise to pay a certain sum of money to the party at some future date.…
Q: Instructions In not less than five sentences, choose ONE FS item and explain what kind of audit…
A: The risk of material misstatement at the assertion level for the class of transactions account…
Q: avel allowance-
A: Salary slip which is also known and called as pay slip. It is the slip in which all the incomes and…
Q: On November 1, 2006, Mason Company issued P8,000,000 of its 10-year, 8% term bonds dated October 1,…
A: Bonds are a form of liability being issued by the business, which needs to be paid out by the…
Q: Ann, who is age 22, just returned to the work force last week after giving birth to twins. She has…
A: Insurance coverage seems to be the level of risk or responsibility that is addressed by insurance…
Q: In January 2013, Edi Thomas and George Lopez agreed to produce and sell chocolate candies under the…
A: Note: As per our guidelines, we will solve the first three subparts for you. 1. Account Titles…
Q: Red Company had the following portfolio of equity securities to other comprehensive income at…
A: Available for Sale Security: It is the Investments in equity or debt securities and is classified…
Q: On January 1, 2022, ABC Organization, a non-profit private organization, received the gift of a…
A: On January 1, 2022, ABC Organization booked the building at the fair value at date of donation i.e.…
Q: Carla Vista Company is considering two alternatives. Alternative A will have revenues of $148.000…
A: Lets understand the basics. When there are two alternatives then management tries to choose…
Q: Q1 a) Prepare the flexible budget analyzing and commenting efficiency and price variances (Favorable…
A: As per Bartleby guidelines, in case of multiple questions we are only allowed to answer the first…
Step by step
Solved in 2 steps
- If a company’s variable costs are 70% of sales, which formula represents the computation of peso sales that will yield a profit equal to 10% of the amount of sales when P equals sales in pesos for the period and FC equals total fixed costs for the period? a. P = .2/FC b. P = FC/.2 c. P = .27/FC d. P = FC/.27Management anticipates fixed costs of $74,100 and variable costs equal to 36% of sales. What will pretax income equal if sales are $341,000?A company's breakeven sales (BES) is P 600,000. If fixed costs would increase by 10% of this BES, such BES would increase by 40%. a. What is the company's variable cost ratio b. How much is fixed costs of the new BES level?
- The ratio of variable cost to sales is 70%. The break-even point 1occurs at 60% of thecapacity sales when fixed costs are Rs. 90,000.Also compute profit at 75% of the capacity sales2)| Define the GAAP & IFRSIf fixed costs are $793,000 and variable costs are 63% of sales, what is the break-even point in sales dollars? a.$2,143,243 b.$1,292,590 c.$2,936,243 d.$499,590Suppose Morrison Corp.’s breakeven point is revenues of $1,100,000. Fixed costs are $660,000. Q1. Compute the contribution margin percentage. Q2. Compute the selling price if variable costs are $16 per unit. Q3. Suppose 75,000 units are sold. Compute the margin of safety in units and dollars. Q4. What does this tell you about the risk of Morrison making a loss? What are the most likely reasons for this risk to increase?
- What is the breakeven sales in dollars if : Total sales, $120,000; Total variable cost, $ 48,000; Operating income, $12,000.. If a firm's margin of safety is 35% on sales of P200,000, then its margin of safety on sales of P300,000 will be (assume fixed costs, the variable cost per unit, and the sales price per unit do not change): a.P105,000 b.P170,000 c.P100,000 d.P 35,000If fixed costs are $801,000 and variable costs are 66% of sales, the break-even point in sales dollars is a. $528,660 b. $3,156,882 c. $2,355,882 d. $1,329,660
- The selling price of a particular product is $37.00 per unit, fixed costs total $225,600, and the breakeven sales in dollars is $940,000, what will the variable expense per unit be? Question 4 options: $117.17 $28.12 $8.88 $45.88Assume the selling price per unit is $30, the contribution margin ratio is 40%, and thetotal fixed cost is $60,000. What is the break-even point in unit sales?a. 2,000b. 3,000c. 4,000d. 5,000Given the following information, answer thequestions:• The ratio of variable cost per unit divided by selling price per unit equals 0.3.• Fixed costs amount to $60,000.(a) Draw the cost-volume-profit chart.(b) What is the break-even point?(c) What effect would an 8% decrease in sellingprice have on the break-even point from part (b)?