Pollux Company had the following income statement for last year: Sales $360,000 Less: Cost of goods sold   195,000 Gross margin $165,000 Less: Selling & administrative expense     78,600 Operating income $  86,400 ​ Beginning assets were $565,000 and ending assets were $597,000. What is ROI?

Q: East Mullett Manufacturing earned operating income last year as shown in the following income…

A: EVA = Net operating profit after tax - (WACC * Captial invested) Net operating profit after tax =…

Q: East Mullett Manufacturing earned operating income last year as shown in the following income…

A: Economic value Added = Net Operating Profit After Tax - (Weighted Average Cost of Capital × Capital…

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

A: A. Average operating assets = (Beginning Assets + Ending assets) / 2 Average operating assets =…

Q: CERVEZA CORPORATION Comparative Income Statement   This Year Last Year   Sales (all on…

A: Book value per share refers to the equity available to the common stockholders/shareholders of the…

Q: Hello, I have the following question.   Shown here is an income statement in the traditional format…

A: Calculate total variable expense per unit, total fixed costs, and selling price per unit

Q: Vargross Company presented the following data for analysis affecting its gross profit. The company…

A: Variance: A cost variance is the difference between the amount of cost that was actually incurred…

Q: In previous year, Seventy Up, Inc. operated at 250,000 units. The following income ment was provided…

A: It is pertinent to note that variable costs are the costs that change with the change in the level…

Q: Shown here is an income statement in the traditional format for a firm with a sales volume of 7,500…

A: Operating income refers to the revenue that is earned by the company after deducting all the…

Q: 1. Determine the total variable costs and the total fixed costs for the current year. Total variable…

A: Fixed cost: Fixed cost is a cost that remains the same, irrespective of the increase or decrease in…

Q: Gallop Corporation prepared the following report for the first quarter of this year: Sales (@ $3,00…

A: Cost of goods sold and selling expense includes part of fixed cost.  Units sold= 8400000/3000= 2800…

Q: FRANCORP is a large retailer of automobiles floor mats. An income statement for the most recent…

A:

Q: Bolka Corporation, a merchandising company, reported the following results for October:       Sales…

A: The gross margin is the excess of revenue of cost of goods sold. It reflects how much margin is…

Q: McKenzie Sales, Limited Comparative Income Statement Last Year $ 5,548,000 Sales This Year $…

A: Income statement: The income statement of the business shows all incomes and expenses of the…

Q: Cushman Company had $816,000 in net sales, $357,000 in gross profit, and $204,000 in operating…

A: Cost of Goods Sold = Sales - Gross Profit

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: The following data were adapted from a recent income statement of The Bluth Company: (in millions)…

A: Formula: Sales - variable cost = Contribution margin.

Q: Vargross Company presented the following data for analysis affecting its gross profit. The company…

A: 1. Tota Gross Profit Variance = Actual gross profit - Budgeted gross profit  Actual gross profit…

Q: ameson Company provided the following information for the coming year: make income statement…

A: Income statement Particulars Amount $ Sales (230,000 units * $9.70) 2,231,000 Less: Cost of…

Q: The following information relates to Paterno Company: If a manager at Paterno desired to determine…

A: Degree of Operating Leverage = Contribution Margin / Net income

Q: Gallop Corporation prepared the following report for the first quarter of this year: Sales (@ $2,700…

A: Variable costs are the costs which changes with the level of production. On the other hand fixed…

Q: FRANCORP is a large retailer of automobiles floor mats. An income statement for the most recent…

A: Sales = $927,500 Selling Price = $350 Units Sold = $927,500 / $350 = 2,650 units

Q: Wall Mart Pictures and Decor Company has a net profit margin of 10% and its inventory turnover is 9.…

A: Given, Inventory Turnover = 9 Average Inventory = $96,700

Q: During Heaton Company's first two years of operations, It reported absorption costing net operating…

A: Variable costing: This is a technique it is assumed that only variable cost as product cost.…

Q: Vargross Company presented the following data for analysis affecting its gross profit. The company…

A: SOLUTION  FORMULAS  1- SALES PRICE VARIANCE = (CURRENT YEAR SELLING PRICE - LAST YEAR SELLING…

Q: FRANCORPIS a large retailer of automobiles floor mats. An income statement for the most recent…

A: Total variable cost is the sum of all variable costs related to the cost of products sold within a…

Q: Darby Company, operating at full capacity, sold 122,200 units at a price of $102 per unit during the…

A: First we need to calculate the total fixed and variable cost.

Q: Swank Clothiers had sales of $442,000 and cost of goods sold of $328,000. a. What is the gross…

A: Given: Sales= $ 4,42,000 Cost of good sold = $3,28,000

Q: Vargross Company presented the following data for analysis affecting its gross profit. The company…

A: Answer:- .1 Total Gross Profit Variance = Actual Quantity * ( Actual Gross Profit per unit -…

Q: Seere Company provided the following income statement for last year. Sales Less: Variable expenses…

A: >Return on Investment or ROI is the rate of return earned on given average invested assets.…

Q: Flamengo Co is a sporting goods manufacturing. Last year, report the following Income Statement:…

A: Turnover refers to the total amount of sales build up by a business in a particular period of time.…

Q: During Denton Company’s first two years of operations, the company reported absorption costing net…

A: Income statement is a financial statement representing the net income earned by the business. There…

Q: Darby Company, operating at full capacity, sold 165,500 units at a price of $87 per unit during the…

A: Solution :- 1)Calculation of fixed and variable costs as follows under:- First we need to allocate…

Q: Ganga manufacturing company's Management Accountant wants to determine the profit for the company.…

A: Profit is calculated by deducting variable cost and fixed cost from the sales value while…

Q: The following is Cullumber Company’s income statement for the past year. Sales revenue   $336,000…

A: Gross margin % = (Gross margin / Sales) x 100 = (201,600/336,000)*100 = 60%

Q: A firm had 200,000 in sales; 120,000 in goods available for sale; ending finished goods inventory of…

A: Solution: Cost of good sold = goods available for sale - ensing Finished goods inventory  = 120000 -…

Q: Puif Company's absorption costing income statements for the last two years are presented below: Year…

A: Ending inventory for year 2 = beginning units +  units produced - units sold = 1000+8000-9000 = 0

Q: Shown as follows is a segmented income statement for Drexel-Hall during the current month.…

A: Contribution margin is the excess of sales revenue over variable costs in the business. Segmented…

Q: Lampent Lightings Company recorded for the past year sales of ₱522,500 and average operating assets…

A: The calculation of margin that Lampent needed to earn in order to achieve an ROI of 12.75% is shown…

Q: What was the Paper Division's net operating income last year? The following information relates to…

A: Net operating income(NOI) =Return on investment (ROI) × Assets   Minimum required rate of return:…

Q: Darby Company, operating at full capacity, sold 159,800 units at a price of $111 per unit during the…

A: 4. 5. Working notes:

Q: Nighthawk Company's Income Statement for the Year Ended December 31, 2021 Sales (200,000 units)…

A: Sales (200,000 units) $1,200,000 Cost of goods sold 700,000 Gross profit 500,000 Operating expenses…

Q: The following data were adapted from a recent income statement of Procter & Gamble Company:   1…

A: Variable costing Income Statement - It is one in which all variable expenses are deducted from…

Q: Darby Company, operating at full capacity, sold 159,800 units at a price of $111 per unit during the…

A: Hey, since there are multiple requirements posted, we will answer first three requirements. If you…

Q: Darby Company, operating at full capacity, sold 124,200 units at a price of $84 per unit during the…

A: 1.   Variable costs $Fixed costs Cost of goods sold (3,696,000 in 60:40) $2217600 1478400…

Q: Anheuser-Busch InBev Companies, Inc., reported the following operating information for a recent year…

A: BREAK EVEN = FIXED COSTCONTRIBUTION PER UNIT

Q: Flamengo Co is a sporting goods manufacturing. Last year, report the following Income Statement:…

A: In this question, we have been asked to find out the return on investment, for which we have been…

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 is calculated as excess of current sales over break even sales.