What is the CM for one JB drink if the selling price is $7?
Q: On a 365-day basis, if payment is made on the twentieth day under trade cred terms of 2/10, net 30. ...
A: Trade credit: Trade credit refers to the business to business agreement through which a customer can...
Q: Assume El Dorado Inc. buys a competitor’s assets for $900,000. Of the $900,000 acquisition price, $6...
A: As per section 197 of intangible assets, the amortization on intangible assets should be applied jus...
Q: Which of the following is true regarding the contribution margin ratio of asingle product company? a...
A: Contribution Margin: It is defined as the difference between the sales and the variable cost. In oth...
Q: Gwen Inc. operates in a regulated industry. Recently passed regulation will require an additional ex...
A: The provision for disposal expenditure under new regulation should be done from the effective date o...
Q: The Cash and Accounts Receivable end-of-year balances for a company are provided below. Current...
A: Horizontal analysis: It is also commonly referred to as trend analysis. Each account or item in the ...
Q: A fixed asset was sold for $8000 and a loss of $2000 was reported. The $8000 would appear in the sec...
A: Cash flow comes from investment activities and financial activities and operating activities.
Q: Prepare an income statement through gross profit for vennman company for the month ended March 31.
A: The following calculations are done in the records of Venneman Company for the month ended March 31.
Q: Tomo, Inc. has prepared its third quarter budget and provided the following data: Jul Aug Sep Cash...
A: Budget is the estimated figures of all revenue and expenses which are prepared for performance evalu...
Q: Genie in a Bottle Company (GBC) manufactures plastic two-liter bottles for the beverage industry. Th...
A: Variances is the deviation of actual results from the standardized budgets. Variances can be both fa...
Q: Prepare the adjustments of the trial balance. Prepare its adjusted trial balance, income statement, ...
A: “Since you have posted a question with many sub-parts, we will solve three sub-parts for you. To get...
Q: Thornton, Inc. has budgeted sales for the months of September and October at $300,000 and $270,000, ...
A: A cash budget is an estimation of expected cash receipts and disbursements on the basis of past expe...
Q: A machine costs P 8,000 which last for 7 years with a salvage value at the end of its life of P 355....
A: The solution to the given question is given below.
Q: Nutritious Pet Food Company's board of directors declares a cash dividend of $4,700 on June 30. At t...
A: Dividends are paid first to preferred stockholders and the remaining balance is paid to common stock...
Q: Broussard Skateboard's sales are expected to increase by 25% from $8.8 million in 2019 to $11.00 mil...
A: Additional Fund Needed (AFN)- Additional fund needed is the amount of money a company raises from e...
Q: one or more of the following statements are characteristics of assets:a. a probable future benefitb....
A: Assets are those resources whether tangible or intangible, current or fixed have an economic value w...
Q: Present entries to record the following (a,b,c) for a business that uses the Allowance Method: a: R...
A: Since you have asked multiple questions, we will solve the first question for you. If you want any s...
Q: 26.1 (g, h, i)
A: Capital budgeting is the process of making decisions in long term assets. It is the process of decid...
Q: Assume that the following was extracted from Massy’s accounting information system foroperations at ...
A: Net Purchases = Purchases - Purchase returns = $580,000 - $56,000 = $524,000 Net sales = Sales reven...
Q: i) sttaement of profit and loss and other comprehensive income for the year ended 30 june 2020. ii) ...
A: Step 1 Final accounts are the financial report card relation to the business operations and activiti...
Q: need help please. also, please Calculate the total cost of the1,600 units in ending inventory using...
A: In Variable Costing, the only variable manufacturing cost is taken into consideration in the stock v...
Q: A company reports the following beginning inventory and 2 purchases for the month of January. On Jan...
A: FIFO: FIFO stands for First-In, First-Out. In this method inventory purchased first will be sell ou...
Q: Hsu Company reported the following on its income statement: Income before income taxes $330,740...
A: Ratio analysis is a method of measuring the financial position of the organization with different ki...
Q: On January 1, 2018, Loop Raceway issued 640 bonds, each with a face value of $1,000, a stated intere...
A: Bonds are referred to as fixed interest bearing instrument which represents a type of loan made by t...
Q: Larger Company had originally expected to earn operating income ofPhp130,000 in the coming year. Its...
A: Operating income It refers to the income from business operations. It is calculated by deducting t...
Q: The balance of Allowance for Doubtful Accounts prior to making the adjusting entry to record estimat...
A: Allowance method: It is a method for accounting bad debt expense, where the amount of uncollectible ...
Q: When an account becomes uncollectible and must be written off as a?
A: Uncollectible accounts considered as those loans, receivables or any other form of debts that have v...
Q: Company A purchased company B for $50,000,000. Company B had net assets of $30,000,000, therefore $2...
A: Concept used: If the company is purchased for more than its book value then the business is paying f...
Q: An increase in accounts receivable would affect which section of the cash flow statement? choices: ...
A: Cash flow statement provided information about the cash inflows and cash outflows of the company.Cas...
Q: HiLo purchased inventory for $30,000 by signing a 4% 4-month note. How much would HiLo need to repay...
A: Notes are instrument issued by company acknowledging the debt raised by company . It is a liability ...
Q: What is the solution to this problem? Appendix 1: Financial Statements From an End-of-Period Spreads...
A:
Q: Prepare: (i) general journal for the transactions; (ii) ledger accounts showing descriptions and ...
A: Hi! Thank you for the question. As per the honor code, We are allowed to answer three sub-parts at a...
Q: Determine the average rate of return for a project that is estimated to yield total income of $484,4...
A: 1. Compute the estimated average annual income: Estimated average annual income=$484,4404 years=$121...
Q: A quality control activity analysis indicated the following four activity costs of a hotel: Inspe...
A:
Q: Pharoah Company, organized in 2019, has set up a single account for all intangible assets. The follo...
A: Intangible assets would be amortized over its remaining life proportionately.
Q: 4 Paws Construction Company gathered the following reconciling informationin preparing its April ban...
A: Bank reconciliation: It is a statement which is prepared to reconcile the balance as per cash book a...
Q: Orange Company prepared the following budget information for the coming year: Product A Product B Pr...
A: Break-Even Point:-It is calculated by dividing fixed cost by the contribution per unit. It is a unit...
Q: In which section of the statement of cash flows would each of the following transactions be included...
A: Introduction: Cash flow statements: All cash in and outflow of business transactions are recorded st...
Q: Graham Co. produces wine. The company expects to produce 2,530,000 two-liter bottles of Chablis in ...
A: Purchases budget is used to estimate the materials to be purchased for a given period. Number of bot...
Q: Prepare a comprehensive income statement. (See attached image).
A: Income Statement is a part of financial statements which is used to calculate the amount of profit e...
Q: Question-based on "petty cash"... Simple. I have tried it but kinda confused.
A:
Q: Presented below is information related to equipment owned by Porto Company at December 31, 2017. ...
A: Impairment loss = Carrying value of assets - Recoverable value of assets Recoverable value = Lower o...
Q: Larger Company had originally expected to earn operating income ofPhp130,000 in the coming year. Its...
A: Given: Operating income = Php 130,000 Degree of operating leverage = 2.4 Sales growth = 20%
Q: Admire County Bank agrees to lend Givens Brick Company $300,000 on January 1. Givens Brick Company s...
A:
Q: As a company's sales move farther from its breakeven point(increasing movement), one would expect th...
A: Step 1: Operating leverage (OL) is a measure for revenue growth. It is measure of risk in a company’...
Q: Answer both subparts.if answered within 30mins,it would be helpful!! Accounting During 2018, Bar Bu...
A: Borrowing cost: It is the cost incurred towards interest payment on the funds borrowed. As per US GA...
Star Bistro sold Jim Beam (JB) Whisky last month and generated sales of $1000. A bottle of JB costs $77, with a bottle size of 1.5 liters and a drink size of 1.2 oz. There are 25 whisky brands and 9 spirit categories sold. Total CM for the menu is $10,500. What is the CM for one JB drink if the selling price is $7?
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- This year, Hassell Company will ship 4,000,000 pounds of chocolates to customers with total order-filling costs of 900,000. There are two types of customers: those who order 50,000 pound lots (small customers) and those who order 250,000 pound lots (large customers). Each customer category is responsible for buying 1,500,000 pounds. The selling price per pound is 2 per lb for the 50,000 pound lot and 3 per lb for the larger lots, due to differences in the type of chocolate. ABC would likely assign order-filling costs to the customer type as follows: a. 450,000, small; 450,000, large (using pounds as the driver) b. 360,000, small; 540,000, large (using revenue as the driver) c. 750,000, small; 150,000, large (using number of orders as the driver) d. 450,000, small; 450,000, large (using customer type as the driver)A vodka brand used 5.3 bottles last week. Each bottle contained a liter of vodka and the drink size was 1.3 oz. The POS system showed that 102 drinks of the vodka brand were recorded. The brand was sold for $5 each drink and the bar paid $25 per bottle. What is the standard cost % of the vodka brand?Meijer stores carries a specialty line of flavored syrups. One of the most popular of these is raspberry syrup which cells, on average, 55 bottles per week. Myers cost is nine dollars per bottle. Meijer has determined its order cost to be $54 in inventory Karen cost is 20%. Myers open for business 52 weeks per year. What is the EOQ? If Myers’s order the EOQ quantity each time, what will be the inventory turnover rate for the syrup?
- Sugary Spice sells glazed ever fresh donuts. Demand for donuts is 500 boxes per week. Sugary Spice has a holding cost of 30 percent and incurs a fixed cost of $100 for each replenishment order it places for donuts. Given that cost is $2 per box of Donuts: a) How much should Sugary Spice order in each replenishment lot? b) If a trade promotion lowers the price of Frostee Flakes to $1.80 for a month, how much should Tastee Mart order given the short-term price reduction? c) What is the forward buy quantityA microbrewery purchases malt for production. The supplier charges $35 for delivery (no matter how much is delivered) and $1.20 per gallon. The annual holding cost is 35% of the price per gallon. Usage is 250 gallons/week. a) If the order quantity is 1000 gallons, what is the average inventory? b) If the order quantity is 1500 gallons, how many orders are placed each year? c) What is the EOQ quantity? d) If the order quantity is 2500 gallons, what is the sum of the ordering and holding costs PER GALLON? e) If orders are for the EOQ amount, what is the annual cost of the inventory system as a percentage of the annual purchase cost? f)If orders must be in integer multiples of 1000 gallons, how much should be ordered to minimize ordering and holding costs PER GALLON? g) A 3% purchase price discount is given if orders are for 8000 gallons or more. What would total annual costs (purchasing, ordering, and holding) be using this discount?The I-75 Carpet Discount Store has an annual demand of 10,000 yards of Super Shag carpet. The annual carrying cost for a yard of this carpet is $0.75, and the ordering cost is $150. The carpet manufacturer normally charges the store $8 per yard for the carpet; however, the manufacturer has offered a discount price of $6.50 per yard if the store will order 5,000 yards. How much should the store order, and what will be the total annual inventory cost for that order quantity?
- The soft goods department of a large department store sells 175 units per month of a certain large bath towel. The unit cost of a towel to the store is $2.50 and the cost of placing an order has been estimated to be $12.00. The store uses an inventory carrying charge of 25% of the acquisition cost per year. Determine: 1.) the optimal order quantity. 2.) The order frequency. 3.) The annual holding and setup cost. 4.) The supplier of the bath towel is offering a discount of $25 off each order if orders are placed in quantities of 500. Should the department store place orders for 500 units?Rio Coffee Shoppe sells two coffee drinks—a regular coffee and a latte. The two drinks have the following prices and cost characteristics: The monthly fixed costs at Rio are $9,176. Based on experience, the manager at Rio knows that the store sells 70 percent regular coffee and 30 percent lattes. Required: How many cups of regular coffee and lattes must Rio sell every month to break even?Snickle currently sells hot dogs. The selling price per hot dog is $2 and the variable cost per hot dog is $0.70. During a typical month, the company sells 25,000 hot dogs and reports a profit of $9,750. How many hot dogs must the company sell to breakeven?
- Noel's barbecue sells chicken and pork barbecue meals. The chicken barbecue meal sells at ₱25, and has variables cost of ₱5. The pork barbecue meals sells ₱36, and has variable cost of ₱12. Currently, Joe sells five chicken barbecue meals for every three pork barbecue meals. Noel has fixed cost ₱107,500 per month. How much each dinner should noel have to sell each month to earn a profit of ₱10,320Rio Coffee Shoppe sells two coffee drinks - a regular coffee and a latte. The two drinks have the following prices and cost characteristics: Regular Coffee Latte Sales price (per cup) $1.60 $2.80 Variable costs (per cup) .70 1.60 The monthly fixed costs at Rio are $7,128. Based on experience, the manager at Rio Knows that the store sells 70 percent regular coffee and 30 percent lattes Required How many cups of regular coffee and lattes must Rio sell every month to break even? Break-even sales in units Regular coffee ___________ Lattes ____________Gentle Ben's Bar and Restaurant uses 5,000-quart bottles of an imported wine each year. The effervescent wine costs $3 per bottle and is served only in whole bottles because it loses its bubbles quickly. Ben figures that it costs $10 each time an order is placed and holding costs are 20 percent of the purchase price. It takes three weeks for an order to arrive. Weekly demand is 100 bottles (closed two weeks per year) with a standard deviation of 30 bottles.Ben would like to use an inventory system that minimizes inventory cost and will provide a 95 percent service probability.a. What is the economic quantity for Ben to order? (Round your answer to the nearest whole number.) b. At what inventory level should he place an order? (Use Excel's NORM.S.INV() function to find the z value. Round z value to 2 decimal places and final answer to the nearest whole number.)