A firm has revenue of $14,000,000 and a goal of a 12% return on sales. What does profit need to be to meet the goal? $ Answer 0 Show your work or leave a comment
Q: Acenture LLC-Partners Trial Balance Year Ended December 31, 2021 Petty…
A: Trial Balance - It is the summary of all ledger account which is open in the books of account. Trial…
Q: Jordan Electronics currently produces the shipping containers it uses to deliver the electronics…
A: A make-or-buy choice is made while deciding whether to manufacture a product internally or to buy it…
Q: Calculate the amount of revenue and gross profit (loss) to be recognized in each of the three years…
A: It has been given in the question that the percentage of completion has been used in order to record…
Q: Piper's Pizza sold baking equipment for $26,300. The equipment was originally purchased for $73,300,…
A: Income Statement Income Statement is one of the important financial statements of the Company.…
Q: Abdul runs his own public relations business. During the year he incurred $900 on membership of the…
A: A golf club or sports club, or any recreational club, seems to be a business that was founded…
Q: ALBA Group: Consolidated income statement for the year ended 30 April 2019 $ million 30,750-0…
A: There are a few advantages to preparing a cash flow statement in an indirect manner. One benefit is…
Q: The balance sheet for Shaver Corporation reported the following: cash, $7,500; short-term…
A: Debt-to-total-assets ratio :- The debt-to-total-assets ratio shows how much of a company's assets…
Q: Task 2: Evaluate the company's efficiency in collecting its accounts receivable during the fiscal…
A: Accounts Receivables turnover ratio means the number of times a company collects its average…
Q: On October 1, 2025, Bella, Inc. took out a cash loan for $50,000 by signing a six-month, 8% note…
A: Loan has been taken out in cash. So cash (asset) has increased. Loan is a liability that has…
Q: .During the first month of operations ended January 31, Wardner Apparel produced 80,000 designer…
A: Introduction: The income statement summarises the financial outcomes of a company's operations…
Q: Analyze the impact of differences between IFRS and U.S. GAAP in asset recognition and measurement…
A: GAAP stands for Generally Accepted Accounting Principles which contains the accounting rules as well…
Q: At May 31, 2022, the accounts of Cullumber Company show the following May 1 inventories-finished…
A: According to the given question, we are required to compute the cost of goods manufactured. Cost…
Q: What is a Statement of Comprehensive Income?
A: Since you have posted multiple questions, we will do the first one for you. Please post the other…
Q: The parents of a recent senior high school graduate decided to invest the $5,000 she received for…
A: Time value of money :— According to this concept, value of money in present day is greater than the…
Q: The stockholders' equity section of Martino Inc. at the beginning of the current year appears below.…
A:
Q: Anheuser-Busch InBev SA/NV (BUD) reported the following operating information for a recent year:…
A: Your company has reached its break-even point when its entire expenses and total revenues are equal.…
Q: Cardinal Corporation reported pretax book income of $3.300.000. During the curent year reserve for…
A: corporation is a suffix used for companies. Hence, the tax rate applicable to companies will be…
Q: Please provide me the solution with explanation of d,e,f and G
A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…
Q: Problem 2. ABC Company started the accounting period with a capital balance of P456,000 and ended…
A: "Since you have asked multiple questions, we will solve first question for you. If you want any…
Q: [The following information applies to the questions displayed below.] Valley Company's adjusted…
A: Working notes: 1. Income Summary = $280,440 (sales) -$249,355 ( all Debit balances) = $31,085
Q: Below is the details of payroll for Ms Amirah as at 31st March 2021. Employee's Category Basic rate…
A: Gross Pay - It is the sum of all the monetary payment made to an employees without deduction of any…
Q: View Policies Current Attempt in Progress Wildhorse Supply Co. has the following transactions: Nov.…
A: The journal entries are prepared to keep the record of day to day transactions of the business on…
Q: Scenario: Ralph Collins founded Collins Consignment Sales Company and the company was operated from…
A: An income statement is a financial report that indicates the revenue and expenses of a business. It…
Q: Req 4 Req 5 >
A: Gross profit refers to the sum value of money gained by an entity through its business activities…
Q: Global Stores is downsizing and must let some employees go. Employees volunteering to leave are…
A: Given, Severance package = $118,000 cash $129,000 to be paid…
Q: Do all companies use cost-volume-profit charts
A: Yes, A cost-volume-profit graph is frequently used in business meetings because it presents a…
Q: Accounting Carter Paint Company has plants in four provinces. Sales last year were $100 million, and…
A: Balance Sheet :— It is one of the financial statement that shows list of final balances of assets,.…
Q: Entrepreneurial Publishing Inc. began printing operations on January 1. Jobs 301 and 302 were…
A: Disclaimer : In case of multiple sub parts, only first three sub-parts will be answered. If you…
Q: 1. Joint Costs are: a. Indivisible b. Present throughout the production process of joint products c.…
A: The question is based on the concept of Cost Accounting. As per the Bartleby guidelines we are…
Q: Matt and Meg Comer are married and file a joint tax return. They do not have any children. Matt…
A: Tax liability refers to the amount charged by the state, central, or local government from the gross…
Q: quest 1 Benson Limited is constructing a Power Plant which was completed on 31st December 2019. The…
A: Borrowing cost refers to the interest and other costs that is directly incurred for arrangement of…
Q: mational Financial Reporting Standards are taking rool throughout the wor True False
A: Corporation - An organization that has been registered as a corporation under a corporation act has…
Q: The following information applies to the questions displayed below) Marcelino Co's March 31…
A: Solution: Computation of production cost incurred in april and total cost assigned to each job…
Q: Please explain the correct answer A 10-year maturity coupon bond has a six-year duration. An…
A: The Duration is the weighted average of the bond cash flows that are Coupons and face value, Thus,…
Q: The cost of an asset is $1,150,000, and its residual value is $210,000. Estimated useful life of the…
A: There are a few advantages to employing the double declining balance technique of depreciation. One…
Q: Some good feature to apply or not apply to government accounting in Jamaica.
A: Government accounting is the process of ensuring resources are distributed to the proper programs or…
Q: Prepare a consolidated account for the group that ended 28th February 2020
A: A Consolidated account is the account which is actually the financial statements which are required…
Q: Pirate Corporation purchased 100 percent ownership of Ship Company on January 1, 20X5, for $271,000.…
A: Individuals may incorporate what is known as a holding company with the intention of obtaining…
Q: One Stop Electrical Shop are merchandisers of household fixtures & fittings. The business began the…
A: In Perpetual Inventory System, All movements of goods are recorded when they happen. Most companies…
Q: d. The depreciation deduction for year 11 of an asset with a 20-year useful life is $3,600. If the…
A: Since multiple questions have been posted, only the first question will be solved as per the…
Q: A price of the new machine purchased by ABC company was P50,000 and expected to lastfor 14 years…
A: Depreciation represents the reduction in the value of asset over a useful life of the asset. It is…
Q: 1.Compute the price to net income ratio for both Kohl's and Wal-Mart. Round your answers to two…
A: Financial ratios are those ratios which simplify the financial information and it is useful for the…
Q: Cassie Company discards a piece of equipment that cost $120,000, has a life of 5 years, and no…
A: Accumulated Depreciation-Equipment at the end of the 5th year = $120,000 Original cost of the…
Q: The inventory policy is to have ending inventory equal to 20% of next month's sales.. April Desired…
A: The production budget is used to estimate the units that should be produced. It can be calculated by…
Q: Where did you get the 1.60 from? And the 200,000 in #4?
A: The word "percentage" in English comes from the Latin expression "per centum," which means "by the…
Q: Written Work. Problem Solving. Show your solutions. At September 28, the balance sheet accounts for…
A: SFP refers to the Statement of financial position which is typically called the balance sheet.…
Q: Man of War Company adopted a stock-option plan on April 30, 2019, that provided that 500,000 shares…
A: In a general diary, which includes distinct columns on each page for dates, serial numbers, and…
Q: Required information [The following information applies to the questions displayed below.]…
A: ADJUSTED JOURNAL An adjusting journal entry is an entry made at the end of a reporting period to…
Q: ABC Ltd.'s bonds sell for 90% of their face value (assume face value = $100). These bonds come with…
A: Yield to Maturity (YTM) represents expected annual rate of return earned on a bond. From the…
Q: This year (2022), Evan graduated from college and took a job as a deliveryman in the city. Evan was…
A: Taxable income is the basic income that is subject to taxation. It includes some or all of the…
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- Consider the following information for a given business. Sale revenue =GHS40,000 VC per unit =GHS20 Activity level =1,000 to break even Required: 1. Determine the TFC 2. Express the contribution as a percentage of sale. 3. The company plans to sale 1,500 unit in the next period. What will be the percentage margin of safety (MoS) 4. What margin should the business employ for planning purposes? 5. What total profit should the business expect in order to achieve it's planned sales?Suppose a firm has had the following historic sales figures. What would be the forecast for next year's sales using the average approach? You must use the built-in Excel function to answer this question. Input area: Year Sales 2016 2017 2018 es es e $ 1,500,000 $ 1,750,000 $ 1,400,000 2019 $ 2,000,000 2020 $ 1,600,000 Output area: Next year's salesA firm in a perfectly competitive industry has a typical cost structure. The normal rate of profit in the economy is 6 percent. This firm is earning $15 on every $150 invested by its founders. Instructions: Enter your answers as whole numbers. a. What is its percentage rate of return? percent. b. Is the firm earning an economic profit? (Cick to select) If so, how large? O percent. c. Will this industry see entry or exit? (Click to select) d. What will be the rate of return earned by firms in this industry once the industry reaches long-run equilibrium? O percent.
- Thank you for that, it actually coincides with what I think. However, could you please calculate the breakeven points and give an explanation of what they mean to the director. Also, could you please calculate the sales activity to reach a target profit of 20,000You are an investor and three companies pitch to you for the same amount of money, i.e. £1m. The profit over the lifetime of the product of each company is shown in below table, along with the Internal Rate of Return (IRR). Year 1 2 3 4 5 IRR Startup #1 £0.5m £0.5m £0.5m 23.4% Startup #2 £0.4m £0.4m £0.4m £0.4m £0.4m 28.6% Startup #3 £0.2m £0.5m £0.5m £1m 31.3% Calculate the payback period and NPV at 20% discount rate for all three companies. Explain which company you would invest in, and why.a) Calculate the contribution margin per unit.b) Calculate the number of units Beauty Supplies Company must sell each year to break even.c) Calculate the number of units Beauty Supplies Company must sell to yield a profit of $160,000.d) Managers may use Sensitivity analysis in their accounting system.i) What is sensitivity analysis? ii) How is Sensitivity analysis useful to managers?
- Golden Goodness (GG) has an investment center that had the following data: Operating Income $28,000 Sales $350,000 Invested assets $175,000 PMB has set a minimum acceptable rate of return at 14%. Using the information, answer the following questions. You must include what type of number it is (%, $, etc.) What is the profit margin? What is the investment turnover? What is the return on investment?2. You have the following information: Sales= JD 300 000 Net profit margin= 20%. Required: Calculate Net IncomeDirection: Read the following independent cases given below. Provide necessary answer for all issues being asked. Provide a separate answer sheet for all your specific answers. A. The DIGITAL Company provided you with the following comparative Income Statement for your analysis. He wants you to enlighten the management on why the net profit decline. Sales Cost of Sales Gross Margin Operating Expenses Net Profit 2020 P680,000 170,000 P510,000 210,000 P300000 2021 P 570,000 200,000 P 370,000 100,000 P 270.000 Required: 1. Using Horizontal Analysis, calculate the peso change and the percentage changes. 2. Using Vertical Analysis, prepare the comparative common-size Income Statements. 3. Evaluate the results of your Analysis and explain to the management why the net profit declined.
- Use all the Cost-Volume-Profit related applications to analyse the company and then determine the amount that the company should make, at least, to make profit, and a 10% profit.You are a CEO of a company. You are analyzing the performance of your company, as a comparison to your industry/competitors. Your analysis of RNOA (Return on Net Operating Assets) is as follows: Your RNOA is 16%, but the industry benchmark is 10%. Your NOPM is 18%, but the industry benchmark is 17%. Your NOAT is .89, but the industry benchmark is .59. Please explain the following: • What does RNOA, NOPM, and NOAT measure or information it provides? • How is RNOA, NOPM, and NOAT measured/calculated? (What is the formula) • What interpretations can you draw from the information above that would be useful for managing your company? For example, how do you compare to your competitors? Which measurement is your companies strong point? • What area do you feel your company has room for improvement in?The ratio equation Use the result in a sentence; i.e. For every dollar invested in assets the company is earning 22.4 cents or 22.4% in net income. Then explain whether this is a good result or a result that needs improving. The original post should include at least three (3) sentences but no more than seven (7) sentences.