In a vertical analysis, the base for cost of goods sold is a. total selling expenses...
In a vertical analysis, the base for cost of goods sold is
a. total selling expenses
b. sales
c. total expenses
d. gross profit
Which of the following is (are) objective(s) of lean manufacturing?
a. eliminating waste
b. increasing inventory levels
c. increased production speed
d. all of the above
Homework Answers
Part I: B The answer is correct. Because sales are gross revenue, sales returns, and discounted costs are low. This is a preliminary estimate of the sales that are reviewed when explaining the business income article with an explanation.
Part I: C The answer is correct. This is because, within the operating cost, one of the main objectives of finding an lean product is to reach the optimum level of quality without any fluctuations or fluctuations. And productivity: In this, productivity seems to be the result of lean production. Because of the large amount of human resources used at the beginning, productivity is increasing speed up now.
Add Answer to:
In a vertical analysis, the base for cost of goods sold is
a. total selling expenses...
29. Which of the following is (are) objective(s) of lean manufacturing? a. eliminating waste b. increasing...
29. Which of the following is (are) objective(s) of lean manufacturing? a. eliminating waste b. increasing inventory levels c. increased production speed d. all of the above
Sales Cost of goods sold Gross margin Selling and administrative expenses Net operating income (loss) Year...
Sales Cost of goods sold Gross margin Selling and administrative expenses Net operating income (loss) Year 1 $1,000,000 740,000 260,000 230,000 $ 30,000 Year 2 $ 780,000 520,000 260,000 200,000 $ 60,000 Year 3 $1,000,000 785,000 215,000 230,000 $ (15,000) In the latter part of Year 2, a competitor went out of business and in the process dumped a large number of units on the market. result, Starfax's sales dropped by 20% during Year 2 even though production increased during...
Cost of Goods Sold, Profit margin, and Net Income for a Manufacturing Company The following information...
Cost of Goods Sold, Profit margin, and Net Income for a Manufacturing Company The following information is available for Bandera Manufacturing Company for the month ending January 31: Cost of goods manufactured $224,180 Selling expenses 74,880 Administrative expenses 39,590 Sales 476,970 Finished goods inventory, January 1 53,900 Finished goods inventory, January 31 49,130 For the month ended January 31, determine Bandera's (a) cost of goods sold, (b) gross profit, and (c) net income. (a) Bandera Manufacturing Company Cost of Goods...
A company reported the following: Cost of Goods Sold $ 290,000 Selling, and Administrative Expenses 9,000...
A company reported the following: Cost of Goods Sold $ 290,000 Selling, and Administrative Expenses 9,000 Income Tax Expense 7,350 Inventory 13,500 Net Income 110,650 Sales Revenue 425,000 Sales Discounts 4,500 Sales Returns & Allowances 3,500 What is the amount of gross profit? A) $127,000 B) $119,650 C) $135,000 D) $118,000
Cost of goods sold is usually 70 percent of sales revenue, and selling and administrative expenses...
Cost of goods sold is usually 70 percent of sales revenue, and selling and administrative expenses are usually 10 percent of sales plus a fixed cost of $79,000. The president has announced that the company's goal is to increase net income by 15 percent. Required The following items are independent of each other a. Prepare a pro forma income statement. What percentage increase in sales would enable the company to reach its goal? b. The market may become stagnant next...
Cost of Goods Sold, Profit margin, and Net Income for a Manufacturing Company The following information...
Cost of Goods Sold, Profit margin, and Net Income for a Manufacturing Company The following information is available for Bandera Manufacturing Company for the month ending January 31: Cost of goods manufactured $211,540 Selling expenses 70,660 Administrative expenses 37,360 Sales 450,090 Finished goods inventory, January 1 50,860 Finished goods inventory, January 31 46,360 For the month ended January 31, determine Bandera's (a) cost of goods sold, (b) gross profit, and (c) net income. (a) Bandera Manufacturing Company Cost of Goods...
Cost of Goods Sold, Profit margin, and Net Income for a Manufacturing Company The following information...
Cost of Goods Sold, Profit margin, and Net Income for a Manufacturing Company The following information is available for Bandera Manufacturing Company for the month ending January 31: Cost of goods manufactured $189,380 Selling expenses 63,260 Administrative expenses 33,440 Sales 402,930 Finished goods inventory, January 1 45,530 Finished goods inventory, January 31 41,500 For the month ended January 31, determine Bandera's (a) cost of goods sold, (b) gross profit, and (c) net income. (a) Bandera Manufacturing Company Cost of Goods...
Cost of Goods Sold, Profit margin, and Net Income for a Manufacturing Company The following information...
Cost of Goods Sold, Profit margin, and Net Income for a Manufacturing Company The following information is available for Bandera Manufacturing Company for the month ending January 31: Cost of goods manufactured Selling expenses Administrative expenses Sales Finished goods inventory, January 1 Finished goods inventory, January 31 For the month ended January 31, determine Bandera's (a) cost of goods sold, (b) gross profit, and (c) net income. $146,540 48,950 25,880 311,780 35,230 32,110 Bandera Manufacturing Company Cost of Goods Sold...
Cost of Goods Sold, Profit margin, and Net Income for a Manufacturing Company The following information...
Cost of Goods Sold, Profit margin, and Net Income for a Manufacturing Company The following information is available for Bandera Manufacturing Company for the month ending January 31: Cost of goods manufactured $188,450 Selling expenses 62,950 Administrative expenses 33,280 Sales 400,950 Finished goods Inventory, January 1 45,310 Finished goods inventory, January 31 41,300 For the month ended January 31, determine Bandera's (a) cost of goods sold, (b) gross profit, and (c) net income. (a) Bandera Manufacturing Company Cost of Goods...
Cost of Goods Sold, Profit margin, and Net Income for a Manufacturing Company The following information...
Cost of Goods Sold, Profit margin, and Net Income for a Manufacturing Company The following information is available for Bandera Manufacturing Company for the month ending January 31: Cost of goods manufactured $175,030 Selling expenses 58,470 Administrative expenses 30,910 Sales 372,400 Finished goods inventory, January 1 42,080 Finished goods inventory, January 31 38,360 For the month ended January 31, determine Bandera's (a) cost of goods sold, (b) gross profit, and (c) net income. (a) Bandera Manufacturing Company Cost of Goods...
29. Which of the following is (are) objective(s) of lean manufacturing? a. eliminating waste b. increasing inventory levels c. increased production speed d. all of the above
Sales Cost of goods sold Gross margin Selling and administrative expenses Net operating income (loss) Year 1 $1,000,000 740,000 260,000 230,000 $ 30,000 Year 2 $ 780,000 520,000 260,000 200,000 $ 60,000 Year 3 $1,000,000 785,000 215,000 230,000 $ (15,000) In the latter part of Year 2, a competitor went out of business and in the process dumped a large number of units on the market. result, Starfax's sales dropped by 20% during Year 2 even though production increased during...
Cost of Goods Sold, Profit margin, and Net Income for a Manufacturing Company The following information is available for Bandera Manufacturing Company for the month ending January 31: Cost of goods manufactured $224,180 Selling expenses 74,880 Administrative expenses 39,590 Sales 476,970 Finished goods inventory, January 1 53,900 Finished goods inventory, January 31 49,130 For the month ended January 31, determine Bandera's (a) cost of goods sold, (b) gross profit, and (c) net income. (a) Bandera Manufacturing Company Cost of Goods...
Cost of goods sold is usually 70 percent of sales revenue, and selling and administrative expenses are usually 10 percent of sales plus a fixed cost of $79,000. The president has announced that the company's goal is to increase net income by 15 percent. Required The following items are independent of each other a. Prepare a pro forma income statement. What percentage increase in sales would enable the company to reach its goal? b. The market may become stagnant next...
Cost of Goods Sold, Profit margin, and Net Income for a Manufacturing Company The following information is available for Bandera Manufacturing Company for the month ending January 31: Cost of goods manufactured $189,380 Selling expenses 63,260 Administrative expenses 33,440 Sales 402,930 Finished goods inventory, January 1 45,530 Finished goods inventory, January 31 41,500 For the month ended January 31, determine Bandera's (a) cost of goods sold, (b) gross profit, and (c) net income. (a) Bandera Manufacturing Company Cost of Goods...
Cost of Goods Sold, Profit margin, and Net Income for a Manufacturing Company The following information is available for Bandera Manufacturing Company for the month ending January 31: Cost of goods manufactured Selling expenses Administrative expenses Sales Finished goods inventory, January 1 Finished goods inventory, January 31 For the month ended January 31, determine Bandera's (a) cost of goods sold, (b) gross profit, and (c) net income. $146,540 48,950 25,880 311,780 35,230 32,110 Bandera Manufacturing Company Cost of Goods Sold...
Cost of Goods Sold, Profit margin, and Net Income for a Manufacturing Company The following information is available for Bandera Manufacturing Company for the month ending January 31: Cost of goods manufactured $188,450 Selling expenses 62,950 Administrative expenses 33,280 Sales 400,950 Finished goods Inventory, January 1 45,310 Finished goods inventory, January 31 41,300 For the month ended January 31, determine Bandera's (a) cost of goods sold, (b) gross profit, and (c) net income. (a) Bandera Manufacturing Company Cost of Goods...
Cost of Goods Sold, Profit margin, and Net Income for a Manufacturing Company The following information is available for Bandera Manufacturing Company for the month ending January 31: Cost of goods manufactured $175,030 Selling expenses 58,470 Administrative expenses 30,910 Sales 372,400 Finished goods inventory, January 1 42,080 Finished goods inventory, January 31 38,360 For the month ended January 31, determine Bandera's (a) cost of goods sold, (b) gross profit, and (c) net income. (a) Bandera Manufacturing Company Cost of Goods...
Most questions answered within 3 hours.
-
Name the following coordination compounds using systematic
nomenclature.
1. [Co(H2O)6]Cl2:
2. [Cr(NH3)6](NO3)3:
3. K4[Fe(CN)6]:
4. Na[Au(CN)4]:...
asked 51 minutes ago -
Propose an efficient synthesis of 2-Bromo-5-nitrotoluene from
benzene. Hint: 3 steps. Consider directing effects of substituents....
asked 2 hours ago -
This assignment will explore the impact of corporate decisions
on a local versus a global perspective....
asked 2 hours ago -
Given the function below, F(w,x,y,z)= x’z+w’z’+w’y
a) draw a logic diagram for an implementation which uses...
asked 1 hour ago -
The sandwich maker of the EE-Cole-Eye Sandwich Truck was just
fired (for a reason described below)...
asked 1 hour ago -
Most political philosophers believe we have a duty to obey laws,
even if the laws in...
asked 2 hours ago -
Which of the following are common negotiation outcome
mistakes?
a. Leave money on the table b....
asked 2 hours ago -
Convert the following quantities:
a) 0.819 atm to torr b) 512 mmHg to bar c) 11.2...
asked 3 hours ago -
C ++ Implement cat command
The purpose of this assignment is to provide practice using the...
asked 3 hours ago -
we
convert sugars into another form of stored potential energy. This
is called?
asked 4 hours ago -
The manufacturers of Oriental Spice Sauce are concerned that the
sodium levels in their product vary...
asked 4 hours ago -
PLEASE DON'T ANSWER IF YOU CAN'T ANSWER ALL OF THE QUESTIONS. I
DESPERATELY NEED HELP
Consider...
asked 4 hours ago