Homework Answers
| Net Income in 2019 | $267,000 |
| Add: Fixed costs | $574,000 |
| Contribution Margin (a) in 2019 | $841,000 |
| Selling price per unit in 2019 | $153 |
| Less: Variable cost per unit in 2019 | ($95) |
| Contribution Margin per unit (b) in 2019 | $58 |
| Number of units sold in 2019 (a/b) | 14,500 |
| Expected net income in 2020 ($267,000 + $87,000) | $354,000 |
| Add: Fixed costs | $574,000 |
| Contribution Margin (a) in 2020 | $928,000 |
| Contribution Margin per unit (b) in 2020 | $58 |
| Number of units sold in 2020 (a/b) | 16,000 |
| Expected net income in 2020 ($267,000 + $87,000) | $354,000 |
| Add: Fixed costs | $574,000 |
| Contribution Margin (a) in 2020 | $928,000 |
| Add: Variable costs (14,500 units * $95 per unit) | $1,377,500 |
| Sales revenue (a) | $2,305,500 |
| Number of units sold in 2020 (b) | 14,500 |
| New selling price (a/b) | $159 |
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Oriole Company had $234,200 of net income in 2019 when the selling price per unit was $151, the variable costs per unit were $91, and the fixed costs were $575,800. Management expects per unit data and total fixed costs to remain the same in 2020. The president of Oriole Company is under pressure from stockholders to increase net income by $67,500 in 2020. (a) Compute the number of units sold in 2019. b) compute the number of units that would...
Question Wildhorse Company had $273,300 of net income in 2019 when the selling price per unit was $155, the variabl...
Question Wildhorse Company had $273,300 of net income in 2019 when the selling price per unit was $155, the variable costs per unit were $90, and the fixed costs were $571,700. Management expects per unit data and total fixed costs to remain the same in 2020. The president of Wildhorse Company is under pressure from stockholders to increase net income by $39,000 in 2020, Compute the number of units sold in 2019. Compute the number of units that would have...
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Martinez Company had $152,000 of net income in 2016 when the selling price per unit was $154, the variable c...
Martinez Company had $152,000 of net income in 2016 when the
selling price per unit was $154, the variable costs per unit were
$94, and the fixed costs were $571,700. Management expects per unit
data and total fixed costs to remain the same in 2017. The
president of Martinez Company is under pressure from stockholders
to increase net income by $64,100 in 2017.
(a)
We were unable to transcribe this imageWe were unable to transcribe this imageWe were unable to...
CALCULATOR PRINTER VERSION RACK NEET Exercise 5-14 (Video) (Part Level Submission) Naylor Company had $210,000 of...
CALCULATOR PRINTER VERSION RACK NEET Exercise 5-14 (Video) (Part Level Submission) Naylor Company had $210,000 of net income in 2019 when the selling price per unit was $150, the variable costs per unit were $90, and the forced costs were $570,000. Management expects per unit data and totaled costs to remain the same in 2020. The president of Naylor Company under pressure from stockholders to increase net income by $52,000 in 2020 Your answer is correct, Compute the number of...
Martinez Company had $152,000 of net income in 2016 when the selling price per unit was $154, the variable costs per un...
Martinez Company had $152,000 of net income in 2016 when the
selling price per unit was $154, the variable costs per unit were
$94, and the fixed costs were $571,700. Management expects per unit
data and total fixed costs to remain the same in 2017. The
president of Martinez Company is under pressure from stockholders
to increase net income by $64,100 in 2017.
Compute the number of units sold in 2016. (Round answer to O decimal places, e.g. 1,225.) T...
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67/1 SHOW Attempt History Current Attempt in Progress Blossom Company had $211.600 of net income in...
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question 1 question 2 question 3 Question Wildhorse Company had $273,300 of net income in 2019...
question 1
question 2
question 3
Question Wildhorse Company had $273,300 of net income in 2019 when the selling price per unit was $155, the variable costs per unit were $90, and the fixed costs were $571,700. Management expects per unit data and total fixed costs to remain the same in 2020. The president of Wildhorse Company is under pressure from stockholders to increase net income by $39,000 in 2020, Compute the number of units sold in 2019. Compute the...
Exercise 5-12 In 2019, Ivanhoe Company had a break-even point of $310,000 based on a selling price of $8 per unit and f...
Exercise 5-12 In 2019, Ivanhoe Company had a break-even point of $310,000 based on a selling price of $8 per unit and fixed costs of $93,000. In 2020, the selling price and the variable costs per unit did not change, but the break-even point increased to $429,000 Your answer is correct. Compute the variable costs per unit and the contribution margin ratio for 2019. (Round Variable cost per unit to 2 decimal places, e.g. 2.25 and Contribution margin ratio to...
Question Wildhorse Company had $273,300 of net income in 2019 when the selling price per unit was $155, the variable costs per unit were $90, and the fixed costs were $571,700. Management expects per unit data and total fixed costs to remain the same in 2020. The president of Wildhorse Company is under pressure from stockholders to increase net income by $39,000 in 2020, Compute the number of units sold in 2019. Compute the number of units that would have...
Question 12 Ivanhoe Company had $164,500 of net income in 2019 when the selling price per unit was $153, the variable costs per unit were $93, and the fixed costs were $573,500. Management expects per unit data and total fixed costs to remain the same in 2020. The president of Ivanhoe Company is under pressure from stockholders to increase net income by $36,900 in 2020. (a) Compute the number of units sold in 2019. units Click if you would like...
Martinez Company had $152,000 of net income in 2016 when the
selling price per unit was $154, the variable costs per unit were
$94, and the fixed costs were $571,700. Management expects per unit
data and total fixed costs to remain the same in 2017. The
president of Martinez Company is under pressure from stockholders
to increase net income by $64,100 in 2017.
(a)
We were unable to transcribe this imageWe were unable to transcribe this imageWe were unable to...
CALCULATOR PRINTER VERSION RACK NEET Exercise 5-14 (Video) (Part Level Submission) Naylor Company had $210,000 of net income in 2019 when the selling price per unit was $150, the variable costs per unit were $90, and the forced costs were $570,000. Management expects per unit data and totaled costs to remain the same in 2020. The president of Naylor Company under pressure from stockholders to increase net income by $52,000 in 2020 Your answer is correct, Compute the number of...
Martinez Company had $152,000 of net income in 2016 when the
selling price per unit was $154, the variable costs per unit were
$94, and the fixed costs were $571,700. Management expects per unit
data and total fixed costs to remain the same in 2017. The
president of Martinez Company is under pressure from stockholders
to increase net income by $64,100 in 2017.
Compute the number of units sold in 2016. (Round answer to O decimal places, e.g. 1,225.) T...
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question 1
question 2
question 3
Question Wildhorse Company had $273,300 of net income in 2019 when the selling price per unit was $155, the variable costs per unit were $90, and the fixed costs were $571,700. Management expects per unit data and total fixed costs to remain the same in 2020. The president of Wildhorse Company is under pressure from stockholders to increase net income by $39,000 in 2020, Compute the number of units sold in 2019. Compute the...
Exercise 5-12 In 2019, Ivanhoe Company had a break-even point of $310,000 based on a selling price of $8 per unit and fixed costs of $93,000. In 2020, the selling price and the variable costs per unit did not change, but the break-even point increased to $429,000 Your answer is correct. Compute the variable costs per unit and the contribution margin ratio for 2019. (Round Variable cost per unit to 2 decimal places, e.g. 2.25 and Contribution margin ratio to...
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