Jing, Inc. has sales of P500,000, a break-even sales ratio of 60%, and a variable cost ratio of 30%. How much is Jing's profit?
Q: On January 1, 2020, Triad Corporation had 60,000 shares of $1 par value common stock issued and…
A: Meaning of Journal Entry Journal entries are the building blocks of an…
Q: 1. has After moving, a homeowner's annual insurance premium increased from $480 to $710 per year.…
A: There are two questions asked and we are authorized to solve only one question under a multiple…
Q: Flamingos, Incorporated has two service departments and two operating (production) departments.…
A: Solution 1-Administrative department expenses allocated to packaging department = Administrative…
Q: PAP-4A Westphal Construction sold to Walker Management Company apartments it had con- structed. The…
A: Given Information: Sales price: $2.5 million Construction costs: $1.6 million Cash collected during…
Q: 16. Hat Co. manufactures a western-style hat that sells for 10 per unit. This is its sole product…
A: Introduction:- Break even point, means where no profit or loss. Contribution margin per unit means…
Q: d. Cost of the units started and completed during the period. $
A: Cost accounting is a process of determining the cost of the product produced in the manufacturing…
Q: BKW Current Asset Current Liabilities Total Liabilities Total Assets 2016 344,168 145,498…
A: Current Ratio is the ratio which measures the company's liquidity whether the company is able to…
Q: A company finds that, on the average, two of its engineers, always travelling together, spend 60…
A: The management of the company is responsible to control the costs. The company has to incur various…
Q: In connection with surfacing a new highway, a contractor has a choice of two sites on which to set…
A:
Q: Prepare the production department's equivalent units of production for direct materials under each…
A: Equivalent units are the number of units that could be completed if the all resources available were…
Q: Accounting XYZ Inc. gave on lease a crane to Alexander Contractors under a 4-year non- cancellable…
A:
Q: The local shampoo market is dominated by two brands: Clean Hair, which owns 53% of the market, and…
A: Formula used here:- All over market share of the All-Over Shampoo = All over unit sales/Total…
Q: Financial Statements from the End-of-Period Spreadsheet Triton Consulting is a consulting firm…
A: preparation of income statement, stock holders equity, and balance sheet are as follows
Q: PDE IM-MODULE-3-Account X +…
A: In the initial stages of accounting cycle process, first transactions are recorded into journal by…
Q: investing in a city bond at 5.70 percent or investing in a surething incorporated bond at 9.25…
A: Step 2in solve the question.
Q: nces Molly Mocha employs one college student every summer in her coffee shop. The student works the…
A: The accrued salaries are the salaries which are due for payment but not yet paid. The accrued…
Q: Song earns $117,500 taxable income as an interior designer and is taxed at an average rate of 15…
A: The average tax rate is calculated as total taxes minus all taxable income. The average tax rate is…
Q: Comparative statements of retained earnings for Renn-Dever Corporation were as follows: RENN-DEVER…
A: Journal Entry :— It is an act of recording transaction in books of account when it is occurred.…
Q: The following information was taken from the records of Blue Inc. for the year 2025: Income tax…
A: Introduction: An income statement is a financial report that depicts a company's income and…
Q: please explain last three subparts
A: Cost of goods sold is actual cost of goods that is being sold to the customers. Gross profit is the…
Q: ts accounting policy calls for inventory purchases to be recorded net of any discounts offered.…
A: Journal entries are those entries that involve the day-to-day transactions or events of a company…
Q: Explain the items of gross income and how to tax them: whether at gross or at net, further…
A: The income are subjected to taxes depending on income earned and amount of tax rate for the…
Q: E 32-6- Preparation of statement of profit or loss The bookkeeper of Raylen Corporation presented…
A: Following are the mistakes committed by the accountant 1) Dividend amount has been deducted from the…
Q: For the past several years, Jolene Upton has operated a part-time consulting business from her home.…
A: Journal Entries - Journal Entries are the recording of transactions of the organization. It is…
Q: For consolidation eliminating entry (O), what amount will be reported as expense for identifiable…
A: Intangible assets are the assets that cannot be touched or seen . They are recorded on the debit…
Q: Please help me to solve this problem
A: Comment - Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the…
Q: ction list al entry worksheet 2 3 the year-end adjusting entry for the securities portfolio as of…
A: Journal entries are those entries that involve the day-to-day transactions of a company which are…
Q: Cost allocation is arbitrary, so there is nothing gained by it. We should report only the costs that…
A: Cost allocation refers to the process of distributing the single cost among various companies,…
Q: On 8/1/2023 We issue 60 million of 8% 20 years bonds for 90 give the first Journal entries
A: This is issue of bonds at discount. The rate of interest on bonds is…
Q: The amounts of the assets and liabilities of Excalibur Travel Agency at December 31, 20Y5, the end…
A: The financial statements of the business include the income statement and balance sheet. The…
Q: Equivalent Units of Production Kellogg Company (K) manufactures cold cereal products, such as…
A: The total cost of producing a product, including raw materials and operating costs, is detailed in a…
Q: Mahon Corporation has two production departments, Casting and Customizing. The company uses a…
A: The predetermined overhead rate is calculated as estimated overhead cost divided by estimated base…
Q: QUESTION 1 Josephine Brain is going to open her fashion store. Comparing the pros and cons of…
A: Companies, individuals, and firms can buy from other businesses. Before buying a business, they…
Q: Bersatu Berhad splits into two divisions, A and B, each with their own cost and revenue streams.…
A: The return-on-investment assists in determining the project's profitability. The investment that…
Q: the primary term of an oil and gas lease agreement?
A: Net revenue refers to the total sum value of money gained by an entity after deducting all the…
Q: Problem General Journal T Accounts M4 Engineering, Inc. Adjusted Trail Balance For the Quarter Ended…
A: In the initial stages of accounting cycle process, first transactions are recorded into journal by…
Q: Beginning work in process inventory: Units in process 200 Completion with respect to…
A: The cost of production report (CPR), which is a document utilized in process costing systems,…
Q: Hi it says wrong
A: Bond is an acknowledgement of debt securities. Borrowers issue bonds to raise money from investors…
Q: Sharon Samson starts a plumbing service called Reliable Waterworks. Selected transactions are…
A: Liabilities are those dues that are to be paid by the entity in the future. It can be long-term…
Q: ABC company produces and selling a single product. The following information relates to their…
A: Direct Material Budget :— A direct materials purchases budget calculates how much material is…
Q: JaJa m Manufacturing incurs annual fixed costs of P250,000 in producing and selling a single…
A: The break even sales are the sales where business earns no profit no loss during the period.
Q: Provision for warranty - 42,000 Provision for warranty includes P20,000 estimated to be incurred…
A: Current liabilities are those liabilities and obligations which needs to be paid or settled within…
Q: of the selling price is $21.60 per unit, the contribution margi $5.70 O $8.15 $3.90
A: Contribution is an important component for a businessman to understand the amount he is getting as a…
Q: Partnership is said to be dissolved when a * partner dies any of these new partner is admitted in…
A: Dissolution of the Partnership Firm :— Whenever a Reconstitution takes place within a partnership…
Q: Based on your understanding and interpretation of current assets, and the operating cycle, provide 5…
A: The operating cycle represents the process of a block of money on the purchase of materials,…
Q: Haffner Corporation uses the weighted-average method in its process costing system. Data concerning…
A: Computation of equivalent units of production: Materials Conversion Units transferred to the…
Q: Required information. Exercise 5A-2 (Algo) Least-Squares Regression [LO5-11) [The following…
A: Fixed costs are costs that are independent of volume. Fixed costs are based on time rather than the…
Q: Wendle Corp. produces memory enhancement kits for DVR machines. Sales have been very erratic, with…
A: As per the guidelines we can provide the answer for three part of any question ( first three). so…
Q: Entries for issuing par stock Instructions Chart of Accounts Instructions Journal Final Question On…
A: Common Stock :— It is one of the source of capital that is issued to shareholders for ownership…
Q: 17. Apple Company has fixed costs of P200,000 and breakeven sales of P1,600,000. What is the…
A: Break even sales :— It is the sales at which total cost is equal to total sales. Breakeven Sales =…
Jing, Inc. has sales of P500,000, a break-even sales ratio of 60%, and a variable cost ratio of 30%. How much is Jing's profit?
Step by step
Solved in 3 steps
- Margin of safety Jorgensen Company has sales of 380,000,000, and the break-even point in sales dollars is 323,000,000. Determine Jorgensen Companys margin of safety as a percent of current sales.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.Klamath Company produces a single product. The projected income statement for the coming year is as follows: Required: 1. Compute the unit contribution margin and the units that must be sold to break even. 2. Suppose 10,000 units are sold above break-even. What is the operating income? 3. Compute the contribution margin ratio. Use the contribution margin ratio to compute the break-even point in sales revenue. (Note: Round the contribution margin ratio to four decimal places, and round the sales revenue to the nearest dollar.) Suppose that revenues are 200,000 more than expected for the coming year. What would the total operating income be?
- Schylar Pharmaceuticals, Inc., plans to sell 130,000 units of antibiotic at an average price of 22 each in the coming year. Total variable costs equal 1,086,800. Total fixed costs equal 8,000,000. (Round all ratios to four significant digits, and round all dollar amounts to the nearest dollar.) Required: 1. What is the contribution margin per unit? What is the contribution margin ratio? 2. Calculate the sales revenue needed to break even. 3. Calculate the sales revenue needed to achieve a target profit of 245,000. 4. What if the average price per unit increased to 23.50? Recalculate: a. Contribution margin per unit b. Contribution margin ratio (rounded to four decimal places) c. Sales revenue needed to break even d. Sales revenue needed to achieve a target profit of 245,000If a company has fixed costs of $6.000 per month and their product that sells for $200 has a contribution margin ratio of 30%, how many units must they sell in order to break even? A. 100 B. 180 C. 200 D. 2,000Maple 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.
- 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.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.The Rachel Company has sales of $820,000, and the break-even point in sales dollars is $672,400. Determine the company's margin of safety as a percent of current sales.
- National Co. has fixed costs of P120,000. At a sales volume of P400,000, return on sales is 10%; at a P600,000 volume, return on sales is 20%. What is the break-even volume?Stellar Company has the following sales, variable cost, and fixed cost. If sales increase by $10,000 then their profit increases/ decreases by how much? Sales $50,000 Variable Costs $7,500 Fixed Costs $28,000Stellar Company has the following sales, variable cost, and fixed cost. If sales increase by $10,000 then their profit increases/decreases by how much? Sales $50,000 Variable Costs $9600 Fixed Costs $27,000
