Your Company sells exercise bikes for $675 each. The following cost formula relates to last year's operations: Y = $135,000 + $157X. Your Company sold 520 bikes last year, what was its net income last year? Group of answer choices $134,360 $351,000 $269,360 $104,360 $ 81,640
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- Your Company sells exercise bikes for $675 each. The following cost formula relates to last year's operations: Y = $147,500 + $157X. Your Company sold 475 bikes last year, what was its net income last year? a) $93,370 b) $320,625 c) $74,575 d) $246,050 e) $98,550Essex Inc. had sales last year of $80,000, a contribution margin of $12,000 and net income of $3,000. The company sold 8,000 units last year. Based on this information, how many units does Essex need to sell to breakeven? 4,200 6,000 O 4,000 O 7,200 None of the aboveMIKAS, Inc. sells and installs furnaces for P3,000 per furnace. The following cost formula relates to last year's operations at MIKAS: Y = P125,000 + P1,800XIf MIKAS sold and installed 500 furnaces last year, what was its total contribution margin last year? 600,000 475,000 900,000 1,025,000
- A company rents snow skis and transports customers to and from their ski trip at a local ski slope. The trip is priced at $20 per person and has a CM ratio of 40%. The company's fixed expenses are $84,000. Last year, sales were $400,000 and profit was $36,000. How many units need to be sold to break- even, and how many need to be sold to earn a profit of $42,000? Multiple Choice 4,500 and 5,250 6,000 and 8,143 14,000 and 21,000 10 500 and 15 750Assume a company sold 28,000 units last year and ncrease the sales commission by $2 per unit. What does this meanFeather Friends, Inc., distributes a high-quality wooden birdhouse that sells for $120 per unit. Variable expenses are $60.00 per unit, and fixed expenses total $200,000 per year. Its operating results for last year were as follows: Sales $ 3,000,000Variable expenses 1,500,000Contribution margin 1,500,000Fixed expenses 200,000Net operating income $ 1,300,000 Required: Answer each question independently based on the original data: 1. What is the product's CM ratio? 2. Use the CM ratio to determine the break-even point in dollar sales. 3. If this year's sales increase by $53,000 and fixed expenses do not change, how much will net operating income increase? 4-a. What is the degree of operating leverage based on last year's sales? 4-b. Assume the president expects this year's sales to increase by 10%. Using the degree of operating leverage from last year, what percentage increase in net operating income will the company realize this year? 5. The sales manager is convinced that a…
- During 2018 a company sells backpacks at $35 each. The contribution margin ratio is 12%. The company broke even this year by selling 300 backpacks What was the company's food cos? O a $1,260 Ob $1,470 Oc $9,240 Od $3,600 Next pageGive what is being asked?1. If total cost and Expenses is P300,000 at breakeven point how much is the total sales?2. The unit selling price of a product is P20, if the total sales for the month is 5,000 units and this is the breakeven point sales volume.Answer question A-C with yes or no.a. Will there be an income in case 6,000 units were sold?b. Will be there be an income in case 4,000 units were sold?.c. If additional units were sold after selling 5,000 units will there be an income?d. How much is the total cost and expenses if 5,000 units were sold?A company makes pens. They sell each pen for $77.Their revenue is represented by R = 7 x.The cost to make the pens is $33 each with a one time start up cost of $45004500.Their cost is represented by C = 3 x + 4500.a) Find the profit, P, (P = R - C) when the company sells 1000 pens. 7000 -7000 11500 -500 -1500 b) Find the number of pens they need to sell to break even (when R = C). 1125 643 4500 150
- How many T-shirts must the company sell this year in order to earn $56,640 in net income? (Use the rounded contribution margin per unit calculated in the previous part to calculate Target Sales units. Round Target Sales units to 0 decimal places, e.g. 25,000.) W Promotions sells T-shirts imprinted with high school names and logos. Last year the shirts sold for $20.00 each, and variable costs were $8.50 per shirt. At this cost structure, the breakeven point was 24,600 shirts. However, the company actually earned $24,840 in net income.This year, the company is increasing its price to $22 per shirt. Variable costs per shirt will increase by 20%, and fixed expenses will increase by $30,980. The tax rate will remain at 40%.Deuce Sporting Goods manufactures a high-end model tennis racket. The company’s forecasted income statement for the year, before any special orders, is as follows: Fixed costs included in the forecasted income statement are $400,000 in manufacturing cost of goods sold and $200,000 in selling expenses. A new client placed a special order with Deuce, offering to buy 1,000 tennis rackets for $100.00 each. The company will incur no additional selling expenses if it accepts the special order. Assuming that Deuce has sufficient capacity to manufacture 1,000 more tennis rackets, by what amount would differential income increase (decrease) as a result of accepting the special order? (Hint: First compute the variable cost per unit relevant to this decision.)A tire manufacturer estimates total production costs to be $270,000 + $57 per tire made. The company market analysis expert has predicted sales volume based on the price of the tire as shown in the table below. Assuming that production is limited to the options shown in the table, what is the company's maximum monthly profit? Express your answer in $ to the nearest $1,000. Tire Cost Sales per Month $ $90 100,000 $100 95,000 $110 80,000 $120 65,000 $130 45,000