Accountancy
It is good to know that the SG&A expense budget is typically coined from the Pro-forma income statement. This means that the SG&A expense budget can be formulated once the sales budget is formulated. Furthermore, the operating budget has to be created before creating an SG&A expense budget."
Based on the quote above, How would you advise a company to reduce its operating cost so as to enable it to make a profit or better still break-even with low sales as a result of the covid-19 pandemic?
Homework Answers
Request Answer!
We need at least 9 more requests to produce the answer.
1 / 10 have requested this problem solution
The more requests, the faster the answer.
Accountancy
MACRO SUPERMARKETS PERFORMANCE METRICSMacro Supermarkets is committed to helping customers save money and live better through everyday low prices, supported by everyday low costs. At times, it adjusts its business strategies to maintain and strengthen its competitive positions in the countries in which it operates.Macro defines its financial strategy as:• Strong, efficient growth;•Consistent operating discipline; In executing this financial strategy, Macro believes their returns on capital will improve over time.Strong, Efficient GrowthMacro’s objective of prioritizing strong, efficient growth means they will...
do all depreciation expense of $4,000 was a net loss of $13,000 for he year ended...
do
all
depreciation expense of $4,000 was a net loss of $13,000 for he year ended December 31. During the year by $8,000, accounts year net cash of $8,000 b.provided net cash of $2.000 c. used net cash of $8,000 d. used net cash of $2,000 payable increased by $10,000, and During the year, operating activities 27. Which of the following budgets Pro Forma Balance Sheet are prepated before the sales budget? b, Yes No No Yes No Yes No...
STUART DAW Co. Stuart Daw Co. is a typical medium-sized coffee roaster. The C.E.O. and the...
STUART DAW Co. Stuart Daw Co. is a typical medium-sized coffee roaster. The C.E.O. and the administrative management have prepared the budget for the year 2019 Chart 1 shows the most relevant assumptions of the budget: the demand is supposed to remain approximately the same as in 2018 (market growth rate- 0). Nowadays, Stuart Daw Co. has a market share of 20% (volume) and the goal is to increase it up to 25% in the next year CHART 1: Assumptions...
Need help accurately getting this income before taxes. This is my pro-forma income statement vs USAT's...
Need help accurately getting this income before taxes. This is
my pro-forma income statement vs USAT's actual income
statement:
It's supposed to look similar for my estimates but everything
takes a bad turn once I get to "income before taxes". 2nd image is
a part of USAT's annual income statement.
Isn't "income before taxes" and "pretax income" the same? If so,
what am I doing wrong that doesn't allow me to reach the same
answers? It's supposed to be as...
ADDITIONAL FUNDS NEEDED Morrissey Technologies Inc.'s 2016 financial statements are shown here. Morrissey Technologies Inc.: Balance...
ADDITIONAL FUNDS NEEDED Morrissey Technologies Inc.'s 2016 financial statements are shown here. Morrissey Technologies Inc.: Balance Sheet as of December 31, 2016 Cash $180,000 Accounts payable $360,000 Receivables 360,000 Notes payable 56,000 Inventories 720,000 Accrued liabilities 180,000 Total current assets $1,260,000 Total current liabilities $596,000 Long-term debt 100,000 Fixed assets 1,440,000 Common stock 1,800,000 Retained earnings 204,000 Total assets $2,700,000 Total liabilities and equity $2,700,000 Morrissey Technologies Inc.: Income Statement for December 31, 2016 Sales $3,600,000 Operating costs including depreciation...
Chapter 5 Case You are the Chief Financial Officer (CFO) for Zen Distributors Inc., a media...
Chapter 5 Case You are the Chief Financial Officer (CFO) for Zen Distributors Inc., a media broker that secures shelf space in independent bookstores for small publishing companies. As a member of the company’s executive team, you are preparing the operating budget for the fourth quarter of 2020. Your intent is to summarize the budget for team members and provide them with detailed schedules that support your overview. Zen’s general ledger provides you with current account data on September...
Morrissey Technologies Inc.'s 2019 financial statements are shown here. Morrissey Technologies Inc.: Balance Sheet as of...
Morrissey Technologies Inc.'s 2019 financial statements are shown here. Morrissey Technologies Inc.: Balance Sheet as of December 31, 2019 Cash $180,000 Accounts payable $360,000 Receivables 360,000 Notes payable 56,000 Inventories 720,000 Accrued liabilities 180,000 Total current assets $1,260,000 Total current liabilities $596,000 Long-term debt 100,000 Fixed assets 1,440,000 Common stock 1,800,000 Retained earnings 204,000 Total assets $2,700,000 Total liabilities and equity $2,700,000 Morrissey Technologies Inc.: Income Statement for December 31, 2019 Sales $3,600,000 Operating costs including depreciation 3,279,720 EBIT $320,280...
Morrissey Technologies Inc.'s 2019 financial statements are shown here. Morrissey Technologies Inc.: Balance Sheet as of...
Morrissey Technologies Inc.'s 2019 financial statements are shown here. Morrissey Technologies Inc.: Balance Sheet as of December 31, 2019 Cash $180,000 Accounts payable $360,000 Receivables 360,000 Notes payable 56,000 Inventories 720,000 Accrued liabilities 180,000 Total current assets $1,260,000 Total current liabilities $596,000 Long-term debt 100,000 Fixed assets 1,440,000 Common stock 1,800,000 Retained earnings 204,000 Total assets $2,700,000 Total liabilities and equity $2,700,000 Morrissey Technologies Inc.: Income Statement for December 31, 2019 Sales $3,600,000 Operating costs including depreciation 3,279,720 EBIT $320,280...
Your CFO has supplied you with the following information. Current product standard costs are as follows:...
Your CFO has supplied you with the following information. Current product standard costs are as follows: Selling price per unit: $5,000 $1,400/unit direct material $400/unit direct labor $200/unit variable overhead $200/unit fixed overhead (this figure is the result of the budgeted fixed overhead of $2,000,000 and budgeted sales volume of 10,000 units) Income Tax rate = 40% The board of directors has requested a thorough presentation to determine whether taking on this potential customer is a good idea. Assume that...
Morrissey Technologies Inc.'s 2019 financial statements are shown here. Morrissey Technologies Inc.: Balance Sheet as of...
Morrissey Technologies Inc.'s 2019 financial statements are shown here. Morrissey Technologies Inc.: Balance Sheet as of December 31, 2019 Cash $180,000 Accounts payable $360,000 360,000 Notes payable 56,000 Receivables Inventories 720,000 Accrued liabilities 180,000 Total current assets $1,260,000 Total current liabilities $596,000 Long-term debt 100,000 Fixed assets 1,440,000 Common stock 1,800,000 Retained earnings 204,000 $2,700,000 Total assets $2,700,000 Total liabilities and equity Morrissey Technologies Inc.: Income Statement for December 31, 2019 Sales $3,600,000 Operating costs including 3,279,720 depreciation EBIT $320,280...
do
all
depreciation expense of $4,000 was a net loss of $13,000 for he year ended December 31. During the year by $8,000, accounts year net cash of $8,000 b.provided net cash of $2.000 c. used net cash of $8,000 d. used net cash of $2,000 payable increased by $10,000, and During the year, operating activities 27. Which of the following budgets Pro Forma Balance Sheet are prepated before the sales budget? b, Yes No No Yes No Yes No...
STUART DAW Co. Stuart Daw Co. is a typical medium-sized coffee roaster. The C.E.O. and the administrative management have prepared the budget for the year 2019 Chart 1 shows the most relevant assumptions of the budget: the demand is supposed to remain approximately the same as in 2018 (market growth rate- 0). Nowadays, Stuart Daw Co. has a market share of 20% (volume) and the goal is to increase it up to 25% in the next year CHART 1: Assumptions...
Need help accurately getting this income before taxes. This is
my pro-forma income statement vs USAT's actual income
statement:
It's supposed to look similar for my estimates but everything
takes a bad turn once I get to "income before taxes". 2nd image is
a part of USAT's annual income statement.
Isn't "income before taxes" and "pretax income" the same? If so,
what am I doing wrong that doesn't allow me to reach the same
answers? It's supposed to be as...
Morrissey Technologies Inc.'s 2019 financial statements are shown here. Morrissey Technologies Inc.: Balance Sheet as of December 31, 2019 Cash $180,000 Accounts payable $360,000 360,000 Notes payable 56,000 Receivables Inventories 720,000 Accrued liabilities 180,000 Total current assets $1,260,000 Total current liabilities $596,000 Long-term debt 100,000 Fixed assets 1,440,000 Common stock 1,800,000 Retained earnings 204,000 $2,700,000 Total assets $2,700,000 Total liabilities and equity Morrissey Technologies Inc.: Income Statement for December 31, 2019 Sales $3,600,000 Operating costs including 3,279,720 depreciation EBIT $320,280...
Most questions answered within 3 hours.
-
Which of the following statements is true regarding the nature
of culture?
A.We are born with...
asked 2 minutes ago -
(a) 2
NO2(g) à 2
NO(g) +
O2(g)
The rate law for this reaction
is 2nd...
asked 5 minutes ago -
Write the overall reaction for the RedOx
reaction (below) when it occurs in an acidic environment....
asked 11 minutes ago -
Two forces are acting on an object. Force 1 on the object is 6.0
N and...
asked 12 minutes ago -
You are planning for retirement. You plan to work for 20 years.
Starting a year from...
asked 26 minutes ago -
The African Adventures exhibit water system holds approximately
850,000 gallons (3.2x109 g) of water. The temperature...
asked 17 minutes ago -
which of the following is capital?
the barn a farmer uses to hold the chickens he...
asked 27 minutes ago -
Attribute
Sample Value
Sample Value
Sample Value
Sample Value
pirate_num
11
22
43
54
pirate_lname
James...
asked 21 minutes ago -
10. Two forces act on a 3 kg object, the gravitational force and
a second, constant...
asked 38 minutes ago -
Dividing Partnership Net Loss
Leigh Meadows and Byron Leef formed a partnership in which the
partnership...
asked 35 minutes ago -
Discuss how Entrepreneurial leadership style differs
from traditional leadership?
asked 1 hour ago -
A futuristic design for a car is to have a large solid
disk-shaped flywheel within the...
asked 59 minutes ago