If a company lost $250,000 to fraud and assume the company's gross margin is 15%. How...
If a company lost $250,000 to fraud and assume the company's
gross margin is 15%. How much more revenue does the company need to
make in order to recover from the fraud?
A. $1,800,000
B. $2,500,000
C. $37,500
D. $1,666,667
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If a company lost $250,000 to fraud and assume the company's
gross margin is 15%. How...
Earl Massey, director of marketing, wants to reduce the selling price of his company's products by...
Earl Massey, director of marketing, wants to reduce the selling price of his company's products by 15% to increase market share. He says, “I know this will reduce our gross profit rate, but the increased number of units sold will make up for the lost margin.” Before this action is taken, what other factors does the company need to consider?
im lost on how to do the blank questions i just need the gross margin question...
im lost on how to do the blank questions
i
just need the gross margin question explained
Fred's Canned Corn Emporium - A purveyor of the finest canned corn in Manhattan, KS for over 25 years. Read through the following narrative of Fred's activities. Answer the following questions and fill out the attached Inventory card along the way. At the beginning of the year, Fred has 25 cans of corn on hand that cost him $5 per can. On January...
1.) Explain how a company could have a decreasing gross profit margin but an increasing operating...
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14. What is company's margin of safety in units for projected Year 16? 15. What is the company's ...
14. What is company's margin of safety in units for projected Year 16? 15. What is the company's margin of safety as a percentage for projected Year 16? not for the projected Year 16 relative to Year 15 and 16. Is the margin of safety as a percentage improving or by how much? Eoxtrot Manufacturing Company, LLC Functional Format Income Statement Latest Operating Year Proforma for Year Year 15 15% Next Operating 16% ear 16 a units sold Average price...
Cost-Volume-Profit Analysis (12 points) Gamma manufacturing company, had revenue of $1,200,000 and a gross margin of...
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How does contribution margin differ from gross margin? VIRUS How will net income under variable costing...
How does contribution margin differ from gross margin? VIRUS How will net income under variable costing compare to net income under absorption costing in the following three situations? Explain briefly the cause of any differences. (a) Units produced equal units sold (b) Units produced exceed units sold (c) Units produced are less than units sold
8. Kenton has assets of $250,000 and liabilities of $500.000. One of his debtors forgives $100,000...
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eBook Contribution Margin and Contribution Margin Ratio For a recent year, Wicker Company, a business consisting...
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eBook Contribution Margin and Contribution Margin Ratio For a recent year, Wicker Company, a business consisting...
eBook Contribution Margin and Contribution Margin Ratio For a recent year, Wicker Company, a business consisting of company-owned restaurants, had the following sales and expenses (in millions): Sales $28,700 Food and packaging $9,201 Payroll 7,200 Occupancy (rent, depreciation, etc.), 7,239 General, selling, and administrative expenses 4,200 $27,840 Income from operations $860 Assume that the variable costs consist of food and packaging, payroll, and 40% of the general, selling, and administrative expenses. a. What is Wicker Company's contribution margin? million b....
Carlos buys 100 shares of IBM for $100 per share on 50% margin. a) How much...
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im lost on how to do the blank questions
i
just need the gross margin question explained
Fred's Canned Corn Emporium - A purveyor of the finest canned corn in Manhattan, KS for over 25 years. Read through the following narrative of Fred's activities. Answer the following questions and fill out the attached Inventory card along the way. At the beginning of the year, Fred has 25 cans of corn on hand that cost him $5 per can. On January...
14. What is company's margin of safety in units for projected Year 16? 15. What is the company's margin of safety as a percentage for projected Year 16? not for the projected Year 16 relative to Year 15 and 16. Is the margin of safety as a percentage improving or by how much? Eoxtrot Manufacturing Company, LLC Functional Format Income Statement Latest Operating Year Proforma for Year Year 15 15% Next Operating 16% ear 16 a units sold Average price...
Cost-Volume-Profit Analysis (12 points) Gamma manufacturing company, had revenue of $1,200,000 and a gross margin of 25% on revenue during 2018, its first year of operations. Its fixed non-manufacturing costs were $150,000 and there were no variable non-manufacturing costs. The company's contribution margin was 40% of revenue. It had no work in process and finished goods inventories at the end of the year. Required: 1) What is the first-year operating Income? 3) What were Gamma's fixed manufacturing costs and variable...
How does contribution margin differ from gross margin? VIRUS How will net income under variable costing compare to net income under absorption costing in the following three situations? Explain briefly the cause of any differences. (a) Units produced equal units sold (b) Units produced exceed units sold (c) Units produced are less than units sold
8. Kenton has assets of $250,000 and liabilities of $500.000. One of his debtors forgives $100,000 $100,000 is excluded from Kenton's gross income? (Page 4-20) 000. One of his debtors forgives $100,000 of debt. How much of the a. $ -0- b. $ 25,000 c. $ 50,000 d. $100,000 9. Which of the following is not excluded from gross income? (p 3-15) a. Medical insurance provided by an employer b. Workers' compensation benefits c. Cash award for safety achievement d....
eBook Contribution Margin and Contribution Margin Ratio For a recent year, Wicker Company, a business consisting of company-owned restaurants, had the following sales and expenses (in millions): Sales $28,700 Food and packaging $9,201 Payroll 7,200 Occupancy (rent, depreciation, etc.) 7,239 General, selling, and administrative expenses 4,200 $27,840 Income from operations $860 Assume that the variable costs consist of food and packaging, payroll, and 40 % of the general, selling, and administrative expenses. a. What is Wicker Company's contribution margin? million...
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