Homework Answers
4. Revenue in Year-5 = $3,739
5. Net Income (NI) = $228
Please refer to below spreadsheet for calculation and answer. Cell reference also provided.
Cell reference -
![A B C D E F G H I 1 Today 24 Growth Revenue + 1 year + 2 year | + 3 year | + 4 year] + 5 year + 6 year 0.15 -10.1 0.1 0.2 -0.](http://img.homeworklib.com/questions/c422db60-70d1-11ea-a28e-eb2258069db5.png?x-oss-process=image/resize,w_560)
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Calculate the revenue for each year if the revenue grew at the yearly rate provided. (Year...
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The following information has been provided for Lead Manufacturing Prepare a budgeted income statement for next year. C...
The following information has been provided for Lead Manufacturing Prepare a budgeted income statement for next year. Current unit prices 74,000 4,200 3,560 8,190 23,000 Given Information for current year: Revenue (100,000 units; $0.74/unit) Manufacturing Costs: Materials (unit level) Unit-level (variable) OH cash costs Facility-level (fixed) OH cash costs Depreciation facility-level) Marketing & admin costs: Marketing (unit-level, cash) Marketing depreciation Administrative facility-level, cash) Administrative depreciation Total Costs Operating Profit 10,560 4,100 12,730 1,870 68,210 5,790 Anticipated changes for next year...
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The worksheet of Bridget's Office Supplies contains the following revenue, cost, and expense accounts. The merchandise inventory amounted to $58,575 on January 1, 2019, and $51,525 on December 31, 2019. The expense accounts numbered 611 through 617 represent selling expenses, and those numbered 631 through 646 represent general and administrative expenses. Accounts 401 Sales $ 245,200 Cr. 451 Sales Returns and Allowances 4,230 Dr. 491 Miscellaneous Income 280 Cr. 501 Purchases 102,400 Dr. 502 Freight In 1,855 Dr. 503 Purchases...
The answer must be provided in excel sheets Financial Management MGMT8500 Case study on NPV Weight:...
The answer must be provided in excel sheets
Financial Management MGMT8500 Case study on NPV Weight: 5% of your final grade Tech Help Inc. has been offered a new contract. The firm needs to determine whether the contract will be profitable. The new contract will generate 800 billing hours at $125 per year for 5 years. The variable costs, labour will be $32 an hour (including fringe benefits). The fixed costs include 3 vehicle for the employees to service customers...
Question 2: Cash and accrual accounting (5 marks) You have been provided with the Statement of...
Question 2: Cash and accrual accounting (5 marks) You have been provided with the Statement of Profit or Loss and the Cash Flow Statement for Bach Ltd for the year end 30 June 2020: $ 390 000 ....................... Bach Ltd Statement of profit or loss for the year ended 30 June 2020 $ Revenue Service revenues Expenses Salaries expense 110 000 Supplies expense 15 000 Rent expense 45 000 Depreciation expense 22 000 Profit before tax Tax expense Profit 192...
Unadjusted Financial Statements income Statement For the Year Ended December 31, 2017 Service revenue $70,600.00 Wages...
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DWAYNE PIPE PLUMBING CASH FLOW STATEMENT FOR THE YEAR ENDING 30 JUNE 2018 Direct method Cash...
DWAYNE PIPE PLUMBING CASH FLOW STATEMENT FOR THE YEAR ENDING 30 JUNE 2018 Direct method Cash Flows from operating Activitie:s Receipts from customers Payments to suppliers & employees Cash generated by operations Interest paid Income tax paid Cash Flows from Investing Activities Interest received Payment for Plant & Equipment Cash Flows from Financing Activities Drawings Net increase/decrease in cash held Cash at the beginning of the year Cash at the end of the year ou are provided with the following...
Question 3.11 - Using the information provided in the problem on page 145, calculate/answer the following:...
Question 3.11 - Using the information provided
in the problem on page 145, calculate/answer the following:
a. Sales growth percentage from 2014 to 2015.
b. Sales growth percentage from 2015 to 2016.
c. Cost of goods sold percentage for 2014.
d. Cost of goods sold percentage for 2015.
e. Cost of goods sold percentage for 2016.
f. Gross profit margin percentage for 2014.
g. Gross profit margin percentage for 2015.
h. Gross profit marginpercentage for 2016.
i. Operating profit margin...
On August 1, 2018, the beginning of its current fiscal year, the following opening account balances,...
On August 1, 2018, the beginning of its current fiscal year,
the following opening account balances, listed in alphabetical
order, were reported by Tobique Ltd.
Accounts payable
$2,500
Interest receivable
20
Accounts receivable
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Note receivable, due October 31, 2018
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Accumulated depreciation—equipment
2,030
Retained earnings
6,040
Cash
5,520
Salaries payable
1,460
Common shares
12,000
Supplies
1,030
Equipment
10,100
Unearned revenue
1,380
During August, the following summary transactions were completed.
Aug. 1
Paid $440 cash for advertising in local newspapers....
The worksheet of Bridget's Office Supplies contains the following revenue, cost, and expense accounts. The merchandise...
The worksheet of Bridget's Office Supplies contains the following revenue, cost, and expense accounts. The merchandise inventory amounted to $59,175 on January 1, 2019, and $52,125 on December 31, 2019. The expense accounts numbered 611 through 617 represent selling expenses, and those numbered 631 through 646 represent general and administrative expenses. Accounts 401 Sales 451 Sales Returns and Allowances 491 Miscellaneous Income 501 Purchases 502 Freight In 503 Purchases Returns and Allowances 504 Purchases Discounts 611 Salaries Expense-Sales 614 Store...
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The following information has been provided for Lead Manufacturing Prepare a budgeted income statement for next year. Current unit prices 74,000 4,200 3,560 8,190 23,000 Given Information for current year: Revenue (100,000 units; $0.74/unit) Manufacturing Costs: Materials (unit level) Unit-level (variable) OH cash costs Facility-level (fixed) OH cash costs Depreciation facility-level) Marketing & admin costs: Marketing (unit-level, cash) Marketing depreciation Administrative facility-level, cash) Administrative depreciation Total Costs Operating Profit 10,560 4,100 12,730 1,870 68,210 5,790 Anticipated changes for next year...
The answer must be provided in excel sheets
Financial Management MGMT8500 Case study on NPV Weight: 5% of your final grade Tech Help Inc. has been offered a new contract. The firm needs to determine whether the contract will be profitable. The new contract will generate 800 billing hours at $125 per year for 5 years. The variable costs, labour will be $32 an hour (including fringe benefits). The fixed costs include 3 vehicle for the employees to service customers...
Question 2: Cash and accrual accounting (5 marks) You have been provided with the Statement of Profit or Loss and the Cash Flow Statement for Bach Ltd for the year end 30 June 2020: $ 390 000 ....................... Bach Ltd Statement of profit or loss for the year ended 30 June 2020 $ Revenue Service revenues Expenses Salaries expense 110 000 Supplies expense 15 000 Rent expense 45 000 Depreciation expense 22 000 Profit before tax Tax expense Profit 192...
Unadjusted Financial Statements income Statement For the Year Ended December 31, 2017 Service revenue $70,600.00 Wages expense 44,300.00 Net income $26,300.00 Cole Designs Inc. Balance Sheet December 31, 2017 Assets Cash $5,000.00 Accounts receivable 32,600.00 Supplies 3,650.00 5 Prepaid insurance 4,000.00 6 Office equipment 11,000.00 Total assets $56,250.00 Liabilities Unearned revenue $9,500.00 Stockholders' Equity Common stock $12,000.00 12 Retained earnings 34,750.00 46,750.00 13 Total liabilities and stockholders'equity $56,250.00 Cole Designs Inc. Income Statement For the Year Ended December 31, 2017...
DWAYNE PIPE PLUMBING CASH FLOW STATEMENT FOR THE YEAR ENDING 30 JUNE 2018 Direct method Cash Flows from operating Activitie:s Receipts from customers Payments to suppliers & employees Cash generated by operations Interest paid Income tax paid Cash Flows from Investing Activities Interest received Payment for Plant & Equipment Cash Flows from Financing Activities Drawings Net increase/decrease in cash held Cash at the beginning of the year Cash at the end of the year ou are provided with the following...
Question 3.11 - Using the information provided
in the problem on page 145, calculate/answer the following:
a. Sales growth percentage from 2014 to 2015.
b. Sales growth percentage from 2015 to 2016.
c. Cost of goods sold percentage for 2014.
d. Cost of goods sold percentage for 2015.
e. Cost of goods sold percentage for 2016.
f. Gross profit margin percentage for 2014.
g. Gross profit margin percentage for 2015.
h. Gross profit marginpercentage for 2016.
i. Operating profit margin...
On August 1, 2018, the beginning of its current fiscal year,
the following opening account balances, listed in alphabetical
order, were reported by Tobique Ltd.
Accounts payable
$2,500
Interest receivable
20
Accounts receivable
4,740
Note receivable, due October 31, 2018
4,000
Accumulated depreciation—equipment
2,030
Retained earnings
6,040
Cash
5,520
Salaries payable
1,460
Common shares
12,000
Supplies
1,030
Equipment
10,100
Unearned revenue
1,380
During August, the following summary transactions were completed.
Aug. 1
Paid $440 cash for advertising in local newspapers....
The worksheet of Bridget's Office Supplies contains the following revenue, cost, and expense accounts. The merchandise inventory amounted to $59,175 on January 1, 2019, and $52,125 on December 31, 2019. The expense accounts numbered 611 through 617 represent selling expenses, and those numbered 631 through 646 represent general and administrative expenses. Accounts 401 Sales 451 Sales Returns and Allowances 491 Miscellaneous Income 501 Purchases 502 Freight In 503 Purchases Returns and Allowances 504 Purchases Discounts 611 Salaries Expense-Sales 614 Store...
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