I need help with the Total Operating Expenses and net
income
Homework Answers
| Tootal Operating Expenses | |||||
| January | February | ||||
| Payroll | -16000 | -16000 | |||
| Utilities | -7000 | -7000 | |||
| Others | -19500 | -19500 | |||
| Total | -42500 | -42500 | |||
| Net Income | |||||
| January | February | ||||
| Gross Profit | 47100 | 48300 | |||
| Less: Total Operating Expesnes | -42500 | -42500 | |||
| Net Income | 4600 | 5800 | |||
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I need help with the Total Operating Expenses and net
income
Font Clipboard B17 : X...
AutoSave u U File Home Insert Draw Page Layout Formu Calibri Calibri BIU -1-AA == - A- Paste Clipboard F B17 January...
AutoSave u U File Home Insert Draw Page Layout Formu Calibri Calibri BIU -1-AA == - A- Paste Clipboard F B17 January February Income 3 Sales $ 120,000.00 $ 123,000.00 $ $ 120,000.00 $ 123,000.00 $ $ $ 5 Total Income 6 Cost of Goods Sold 7 Purchases 8 Commissions 10 Total Cost of Goods Sold 11 Gross Profit 12 Operating Expenses 13 Payroll 14 Utilities 15 Other 17 Total Operating Expenses 18 Net Income (60,900.00 $ (62,400.00) $ (12,000.00...
statement of cash flow, balance sheet, income statement and changes in stockholder's equity Font Alignment Clipboard...
statement of cash flow, balance sheet, income statement and changes
in stockholder's equity
Font Alignment Clipboard A1 * A B 1 Given Data P07-24A: Font f 'Given Data P07-24A: D E C F G NORTHWEST SALES 9 10 11 12 Transactions for Year 1: 1. Cash received from sale of stock. 2. Purchase merchandise for cash. 3a.Cash sales. 3b.Credit card sales (4% service fee) 3c Sales on account. 3d Cost of Goods Sold 4. Collected receivables from credit card sales....
Sales (45,000 units) Variable expenses Contribution margin Fixed expenses Net operating income Total $360,000 225,000 135,000...
Sales (45,000 units) Variable expenses Contribution margin Fixed expenses Net operating income Total $360,000 225,000 135,000 40,000 $ 95,000 Per Unit $8.00 5.00 $ 3.00 Required: (Consider each case independently): 1. What is the revised net operating income if unit sales increase by 13%? 2. What is the revised net operating income if the selling price decreases by $1.10 per unit and the number of units sold increases by 15%? 3. What is the revised net operating income if the...
Revenue $1,000,000 Cost of Goods Sold 500,000 Total Operating Expenses 300,000 70,000 Net Income 130,000 Tax...
Revenue $1,000,000 Cost of Goods Sold 500,000 Total Operating Expenses 300,000 70,000 Net Income 130,000 Tax The net profit margin ratio for Jones Corporation for 2018 is: O 10.0% O 13.0% O 7.0% O 50.0% QUESTION 9 The operating profit margin ratio for Jones Corporation for 2018 is: 50.0% 14.0% 20.0% 7.0%
Font Paragraph Drawing Prepare a vertical analysis of the income statement shown below. (Round to two...
Font Paragraph Drawing Prepare a vertical analysis of the income statement shown below. (Round to two decimal places.) Trucker, Inc. Click to add title th ded becenber 31, 2017 Net Sales $7,000 3,800 3,200 Cost of Goods Sold Gross Profit Operating Expenses: Selling Expenses Administrative Expenses Total Operating Expenses Operating Income Other Revenues and (Expenses): 950 670 1,620 1,580 Interest Revenue Interest Expense Total Revenues and (Expenses) Income Before Income Taxes (750) (750) 830 Income Tax Expense Net Income 150...
Net Income Increase (Decrease) Continue Eliminate $ $ $ Sales Variable costs Cost of goods sold Operating expenses Tota...
Net Income Increase (Decrease) Continue Eliminate $ $ $ Sales Variable costs Cost of goods sold Operating expenses Total variable Contribution margin Fixed costs Cost of goods sold Operating expenses Total fixed $ $ $ Net income (loss) tA tA Veronica Mars, a recent graduate of Bell's accounting program, evaluated the operating performance of Dunn Company's six divisions. Veronica made the following presentation to Dunn's board of directors and suggested the Percy Division be eliminated. "If the Percy Division is...
Sales Less: Cost of goods sold Gross profit Less: Operating expenses Net operating income Less: Interest...
Sales Less: Cost of goods sold Gross profit Less: Operating expenses Net operating income Less: Interest expense Earnings before taxes Less: Taxes (35%) Net income 4,500,000 (3,500,000) 1,000,000 (500,000) $500,000 (100,000) $400,000 (140,000) $260,000 We were unable to transcribe this imageCurrent assets Net fixed assets Total Assets $500,000 Liabilities ,500,000 Owners equity $1,000,000 1,000,000 $2,000,000 $2,000,000 Total
Paste u B I U tu Clipboard Font Alignment N18 Columni Column 2 Income Statement Column3...
Paste u B I U tu Clipboard Font Alignment N18 Columni Column 2 Income Statement Column3 Columns Columns Column Use 2018 Column 2 Column3 G 2018 5 Sales 6 COGS 7 GrossMargin ROE 900 550 350 2017 Sales COGS GrossMargin 800 500 300 EPS 95&G 200 S&G 200 10 150 EBIT 100 Current ratio 11 EBIT 12 13 Interest Exp 14 Taxes 20 15 Interest Exp Coverage ratio 16 Net Income 115 Net Income Debt to EBITDA 67 Cash Flow...
How to calculate the net operating income for both and shipping expense? Milden Company is a...
How to calculate the net operating income for both and shipping
expense?
Milden Company is a merchandiser that plans to sell 35,000 units during the next quarter at a selling price of $56 per unit. The company also gathered the following cost estimates for the next quarter: 20 points Cost Cost of good sold Advertising expense Sales commissions Shipping expense Administrative salaries Insurance expense Depreciation expense Cost Formula $26 per unit sold $183,000 per quarter 6% of sales $57,000 per...
Sales Variable expenses Contribution margin Fixed expenses Net operating income Total $ 310,000 217,000 93,000 76,800...
Sales Variable expenses Contribution margin Fixed expenses Net operating income Total $ 310,000 217,000 93,000 76,800 $ 16,200 Per Unit $ 20 14 $ 6 Required: 1. What is the monthly break-even point in unit sales and in dollar sales? 2. Without resorting to computations, what is the total contribution margin at the break-even point? 3-a. How many units would have to be sold each month to attain a target profit of $34,200? 3-b. Verify your answer by preparing a...
AutoSave u U File Home Insert Draw Page Layout Formu Calibri Calibri BIU -1-AA == - A- Paste Clipboard F B17 January February Income 3 Sales $ 120,000.00 $ 123,000.00 $ $ 120,000.00 $ 123,000.00 $ $ $ 5 Total Income 6 Cost of Goods Sold 7 Purchases 8 Commissions 10 Total Cost of Goods Sold 11 Gross Profit 12 Operating Expenses 13 Payroll 14 Utilities 15 Other 17 Total Operating Expenses 18 Net Income (60,900.00 $ (62,400.00) $ (12,000.00...
statement of cash flow, balance sheet, income statement and changes
in stockholder's equity
Font Alignment Clipboard A1 * A B 1 Given Data P07-24A: Font f 'Given Data P07-24A: D E C F G NORTHWEST SALES 9 10 11 12 Transactions for Year 1: 1. Cash received from sale of stock. 2. Purchase merchandise for cash. 3a.Cash sales. 3b.Credit card sales (4% service fee) 3c Sales on account. 3d Cost of Goods Sold 4. Collected receivables from credit card sales....
Sales (45,000 units) Variable expenses Contribution margin Fixed expenses Net operating income Total $360,000 225,000 135,000 40,000 $ 95,000 Per Unit $8.00 5.00 $ 3.00 Required: (Consider each case independently): 1. What is the revised net operating income if unit sales increase by 13%? 2. What is the revised net operating income if the selling price decreases by $1.10 per unit and the number of units sold increases by 15%? 3. What is the revised net operating income if the...
Revenue $1,000,000 Cost of Goods Sold 500,000 Total Operating Expenses 300,000 70,000 Net Income 130,000 Tax The net profit margin ratio for Jones Corporation for 2018 is: O 10.0% O 13.0% O 7.0% O 50.0% QUESTION 9 The operating profit margin ratio for Jones Corporation for 2018 is: 50.0% 14.0% 20.0% 7.0%
Font Paragraph Drawing Prepare a vertical analysis of the income statement shown below. (Round to two decimal places.) Trucker, Inc. Click to add title th ded becenber 31, 2017 Net Sales $7,000 3,800 3,200 Cost of Goods Sold Gross Profit Operating Expenses: Selling Expenses Administrative Expenses Total Operating Expenses Operating Income Other Revenues and (Expenses): 950 670 1,620 1,580 Interest Revenue Interest Expense Total Revenues and (Expenses) Income Before Income Taxes (750) (750) 830 Income Tax Expense Net Income 150...
Net Income Increase (Decrease) Continue Eliminate $ $ $ Sales Variable costs Cost of goods sold Operating expenses Total variable Contribution margin Fixed costs Cost of goods sold Operating expenses Total fixed $ $ $ Net income (loss) tA tA Veronica Mars, a recent graduate of Bell's accounting program, evaluated the operating performance of Dunn Company's six divisions. Veronica made the following presentation to Dunn's board of directors and suggested the Percy Division be eliminated. "If the Percy Division is...
Sales Less: Cost of goods sold Gross profit Less: Operating expenses Net operating income Less: Interest expense Earnings before taxes Less: Taxes (35%) Net income 4,500,000 (3,500,000) 1,000,000 (500,000) $500,000 (100,000) $400,000 (140,000) $260,000 We were unable to transcribe this imageCurrent assets Net fixed assets Total Assets $500,000 Liabilities ,500,000 Owners equity $1,000,000 1,000,000 $2,000,000 $2,000,000 Total
Paste u B I U tu Clipboard Font Alignment N18 Columni Column 2 Income Statement Column3 Columns Columns Column Use 2018 Column 2 Column3 G 2018 5 Sales 6 COGS 7 GrossMargin ROE 900 550 350 2017 Sales COGS GrossMargin 800 500 300 EPS 95&G 200 S&G 200 10 150 EBIT 100 Current ratio 11 EBIT 12 13 Interest Exp 14 Taxes 20 15 Interest Exp Coverage ratio 16 Net Income 115 Net Income Debt to EBITDA 67 Cash Flow...
How to calculate the net operating income for both and shipping
expense?
Milden Company is a merchandiser that plans to sell 35,000 units during the next quarter at a selling price of $56 per unit. The company also gathered the following cost estimates for the next quarter: 20 points Cost Cost of good sold Advertising expense Sales commissions Shipping expense Administrative salaries Insurance expense Depreciation expense Cost Formula $26 per unit sold $183,000 per quarter 6% of sales $57,000 per...
Sales Variable expenses Contribution margin Fixed expenses Net operating income Total $ 310,000 217,000 93,000 76,800 $ 16,200 Per Unit $ 20 14 $ 6 Required: 1. What is the monthly break-even point in unit sales and in dollar sales? 2. Without resorting to computations, what is the total contribution margin at the break-even point? 3-a. How many units would have to be sold each month to attain a target profit of $34,200? 3-b. Verify your answer by preparing a...
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