Homework Answers
| Answer | |
|
Part A |
|
| ZACHARY COMPANY | |
| Income statement | |
| Sales revenue (166*110) | $ 18,260 |
| Variable cost | $ - |
| Contribution margin | $ 18,260 |
| Fixed cost | -$ 14,940 |
| Net income (loss) | $ 3,320 |
| Part 2 | |
| WALTON COMPANY | |
| Income statement | |
| Sales revenue (166*110) | $ 18,260 |
| Variable cost (166*180) | -$ 29,880 |
| Contribution margin | -$ 11,620 |
| Fixed cost | $ - |
| Net income (loss) | -$ 11,620 |
Add Answer to:
The following income statements illustrate different cost structures for two competing companies: Income Statements Company Name...
The following income statements illustrate different cost structures for two competing companies: Income Statements Company Name...
The following income statements illustrate different cost structures for two competing companies: Income Statements Company Name Stuart Solomon Number of customers (a) 82 82 Sales revenue (a * $220) $ 18,040 $ 18,040 Variable cost (a * $185) N/A (15,170) Variable cost (a * $0) 0 N/A Contribution margin 18,040 2,870 Fixed cost (15,170) 0 Net income $ 2,870 $ 2,870 Required a. Reconstruct Stuart's income statement, assuming that it serves 164 customers when it lures 82 customers away from...
The following income statements illustrate different cost structures for two competing companies: 85 Income Statements Company...
The following income statements illustrate different cost structures for two competing companies: 85 Income Statements Company Name Solomon Rooney Number of customers (a) Sales revenue (a $220) $ 18,700 $ 18,700 Variable cost (a * $175) N/A (14.875) Variable cost ( 50) Contribution margin 18,700 3.825 Fixed cost (14,875) Net Income $ 3,825 $ 3.825 N/A Required a. Reconstruct Solomon's income statement, assuming that it serves 170 customers when it lures 85 customers away from Rooney by lowering the sales...
The following income statements show equal net income even though quite different cost structures exist for...
The following income statements show equal net income even though quite different cost structures exist for the two companies: Note: "N/A" means not applicable to that particular company. Income Statements Company Name Benson Baird Number of customers (a) 88 88 Sales revenue (a * $210) $ 18,480 $ 18,480 Variable coat (a * $175) N/A (15,400) Variable cont (a $0) 0 N/A Contribution margin 18,480 3,080 Fixed cost (15,400) 0 Net income $ 3,080 $ 3,080 Required a. Reconstruct Benson's...
The following income statements show equal net income even though quite different cost structures exist for...
The following income statements show equal net income even though quite different cost structures exist for the two companies: Note: "N/A" means not applicable to that particular company. Income Statements Company Name Rundle Perez Number of customers (a) 87 Sales revenue (a * $240) $ 20,880 $ 20,880 Variable cost (a * $185) N/A (16,095) Variable cost (a * $0) 0 N/A Contribution margin 20,880 4,785 Fixed cost (16,095) 0 Net income $ 4,785 $ 4,785 87 Required a. Reconstruct...
The following income statements show equal net income even though quite different cost structures exist for...
The following income statements show equal net income even though quite different cost structures exist for the two companies: Note: "N/A" means not applicable to that particular company. Income Statements Company Name Baird Adams Number of customers (a) (a 86 86 Sales revenue (a x $220) $ 18,920 $ 18,920 Variable cost (a * $175) N/A (15,050) Variable cost (a * $0) 0 N/A Contribution margin 18,920 3,870 Fixed cost (15,050) 0 Net income $ 3,870 $ 3,870 Required a....
86 Number of customers (a) Sales revenue (a x $200) Variable cost (a x $185) Variable...
86 Number of customers (a) Sales revenue (a x $200) Variable cost (a x $185) Variable cost (a * $0) Contribution margin Fixed cost Net income Company Name Franklin Finch 86 $ 17,200 $ 17,200 N/A (15,910) 0 N/A 1,290 (15,910) $ 1,290 $ 1,290 DA 17,200 Required a. Reconstruct Franklin's income statement, assuming that it serves 172 customers when it lures 86 customers away from Finch by lowering the sales price to $100 per customer. . Reconstruct Finch's income...
Company Name Franklin Finch Number of customers (a) Sales revenue (a x $200) Variable cost (a...
Company Name Franklin Finch Number of customers (a) Sales revenue (a x $200) Variable cost (a x $185) Variable cost (a x $0) Contribution margin 86 86 $ 17,200 $ 17,200 N/A (15,910) N/A 17,200 (15,910) 1,290 Fixed cost 2$ 1,290 1,290 Net income Required a. Reconstruct Franklin's income statement, assuming that it serves 172 customers when it lures 86 customers away from Finch by lowering the sales price to $100 per customer. ɔ. Reconstruct Finch's income statement, assuming that...
The following income statement was drawn from the records of Walton Company, a merchandising firm: WALTON...
The following income statement was drawn from the records of Walton Company, a merchandising firm: WALTON COMPANY Income Statement For the Year Ended December 31, 2018 Sales revenue (6,500 units x $160) Cost of goods sold (6,500 units X $87) Gross margin Sales commissions (54 of sales) Administrative salaries expense Advertising expense Depreciation expense Shipping and handling expenses (6,500 units X $3) Net income $1,040,000 (565,500) 474,500 (52,000) (84,000) (31.000) (42,000) (19,500) $ 246,000 Required a. Reconstruct the income statement...
The following income statement was drawn from the records of Walton Company, a merchandising firm: WALTON...
The following income statement was drawn from the records of Walton Company, a merchandising firm: WALTON COMPANY Income Statement For the Year Ended December 31, Year 1 Sales revenue (6,500 units * $170) Cost of goods sold (6,500 units X $88) Gross margin Sales commissions (10% of sales) Administrative salaries expense Advertising expense Depreciation expense Shipping and handling expenses (6,500 units * $5) Net income $1,105,000 (572,000) 533,000 (110,500) (88,000) (35,000) (46,000) (32,500) $ 221,000 Required a. Reconstruct the income...
The following income statement was drawn from the records of Campbell Company, a merchandising firm: CAMPBELL...
The following income statement was drawn from the records of Campbell Company, a merchandising firm: CAMPBELL COMPANY Income Statement For the Year Ended December 31, 2018 Sales revenue (5,500 units x $163) Cost of goods sold (5,500 units x $83) Gross margin Sales commissions (10% of sales) Administrative salaries expense Advertising expense Depreciation expense Shipping and handling expenses (5,500 units x $2) Net income $ 896,500 456,500 440,000 (89,650) (83,000) (33,000) (49,000) (11,000) $ 174,350 Required a. Reconstruct the income...
The following income statements illustrate different cost structures for two competing companies: Income Statements Company Name Stuart Solomon Number of customers (a) 82 82 Sales revenue (a * $220) $ 18,040 $ 18,040 Variable cost (a * $185) N/A (15,170) Variable cost (a * $0) 0 N/A Contribution margin 18,040 2,870 Fixed cost (15,170) 0 Net income $ 2,870 $ 2,870 Required a. Reconstruct Stuart's income statement, assuming that it serves 164 customers when it lures 82 customers away from...
The following income statements illustrate different cost structures for two competing companies: 85 Income Statements Company Name Solomon Rooney Number of customers (a) Sales revenue (a $220) $ 18,700 $ 18,700 Variable cost (a * $175) N/A (14.875) Variable cost ( 50) Contribution margin 18,700 3.825 Fixed cost (14,875) Net Income $ 3,825 $ 3.825 N/A Required a. Reconstruct Solomon's income statement, assuming that it serves 170 customers when it lures 85 customers away from Rooney by lowering the sales...
The following income statements show equal net income even though quite different cost structures exist for the two companies: Note: "N/A" means not applicable to that particular company. Income Statements Company Name Benson Baird Number of customers (a) 88 88 Sales revenue (a * $210) $ 18,480 $ 18,480 Variable coat (a * $175) N/A (15,400) Variable cont (a $0) 0 N/A Contribution margin 18,480 3,080 Fixed cost (15,400) 0 Net income $ 3,080 $ 3,080 Required a. Reconstruct Benson's...
The following income statements show equal net income even though quite different cost structures exist for the two companies: Note: "N/A" means not applicable to that particular company. Income Statements Company Name Rundle Perez Number of customers (a) 87 Sales revenue (a * $240) $ 20,880 $ 20,880 Variable cost (a * $185) N/A (16,095) Variable cost (a * $0) 0 N/A Contribution margin 20,880 4,785 Fixed cost (16,095) 0 Net income $ 4,785 $ 4,785 87 Required a. Reconstruct...
The following income statements show equal net income even though quite different cost structures exist for the two companies: Note: "N/A" means not applicable to that particular company. Income Statements Company Name Baird Adams Number of customers (a) (a 86 86 Sales revenue (a x $220) $ 18,920 $ 18,920 Variable cost (a * $175) N/A (15,050) Variable cost (a * $0) 0 N/A Contribution margin 18,920 3,870 Fixed cost (15,050) 0 Net income $ 3,870 $ 3,870 Required a....
86 Number of customers (a) Sales revenue (a x $200) Variable cost (a x $185) Variable cost (a * $0) Contribution margin Fixed cost Net income Company Name Franklin Finch 86 $ 17,200 $ 17,200 N/A (15,910) 0 N/A 1,290 (15,910) $ 1,290 $ 1,290 DA 17,200 Required a. Reconstruct Franklin's income statement, assuming that it serves 172 customers when it lures 86 customers away from Finch by lowering the sales price to $100 per customer. . Reconstruct Finch's income...
Company Name Franklin Finch Number of customers (a) Sales revenue (a x $200) Variable cost (a x $185) Variable cost (a x $0) Contribution margin 86 86 $ 17,200 $ 17,200 N/A (15,910) N/A 17,200 (15,910) 1,290 Fixed cost 2$ 1,290 1,290 Net income Required a. Reconstruct Franklin's income statement, assuming that it serves 172 customers when it lures 86 customers away from Finch by lowering the sales price to $100 per customer. ɔ. Reconstruct Finch's income statement, assuming that...
The following income statement was drawn from the records of Walton Company, a merchandising firm: WALTON COMPANY Income Statement For the Year Ended December 31, 2018 Sales revenue (6,500 units x $160) Cost of goods sold (6,500 units X $87) Gross margin Sales commissions (54 of sales) Administrative salaries expense Advertising expense Depreciation expense Shipping and handling expenses (6,500 units X $3) Net income $1,040,000 (565,500) 474,500 (52,000) (84,000) (31.000) (42,000) (19,500) $ 246,000 Required a. Reconstruct the income statement...
The following income statement was drawn from the records of Walton Company, a merchandising firm: WALTON COMPANY Income Statement For the Year Ended December 31, Year 1 Sales revenue (6,500 units * $170) Cost of goods sold (6,500 units X $88) Gross margin Sales commissions (10% of sales) Administrative salaries expense Advertising expense Depreciation expense Shipping and handling expenses (6,500 units * $5) Net income $1,105,000 (572,000) 533,000 (110,500) (88,000) (35,000) (46,000) (32,500) $ 221,000 Required a. Reconstruct the income...
The following income statement was drawn from the records of Campbell Company, a merchandising firm: CAMPBELL COMPANY Income Statement For the Year Ended December 31, 2018 Sales revenue (5,500 units x $163) Cost of goods sold (5,500 units x $83) Gross margin Sales commissions (10% of sales) Administrative salaries expense Advertising expense Depreciation expense Shipping and handling expenses (5,500 units x $2) Net income $ 896,500 456,500 440,000 (89,650) (83,000) (33,000) (49,000) (11,000) $ 174,350 Required a. Reconstruct the income...
Most questions answered within 3 hours.
-
Calculate the number density of argon gas at a temperature of
24C and a pressure of...
asked 2 hours ago -
Alternative
Classification
How to Estimate
Probabilities from Data? ( For continuous Attributes)
And How to generate...
asked 2 hours ago -
An explosion breaks a 20.0-kg object into three parts. The
object is initially moving at a...
asked 3 hours ago -
Calculate the approximate number of residues of Rubisco, which
is involved in carbon fixation in plants,...
asked 4 hours ago -
Other decisions about scientific claims can have a much broader
impact.ENERGYarrow-10x10.png, environment, health, security - all...
asked 5 hours ago -
I need to write a research paper and work cited about this
topic: The United States...
asked 5 hours ago -
Hello! I was wondering if I could have some help?
If the vapor pressure of carvone...
asked 5 hours ago -
An economist wants to estimate the mean per capita income (in
thousands of dollars) for a...
asked 6 hours ago -
What would be the input/output characteristic of a circuit
obtained by putting two of your 2's-complementers...
asked 6 hours ago -
In Drosophila, the transition from the syncytial blastoderm
stage to the cellular blastoderm stage is a...
asked 6 hours ago -
Project management question:
Name 3 different types of resources (hint: humans are one
type)
asked 6 hours ago -
Consider the following reaction: C 2H 2( g) + 2H 2( g) C 2H 6(
g)...
asked 7 hours ago