Homework Answers
New Sales commission = 75000000*8% = 6000000
CM ratio = (75000000-6000000-31500000)/75000000 = 50%
Estimated sales revenue = (86100000+10260000+7500000+11130000)/.50 = 75000000
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Bonita Beauty Corporation manufactures cosmetic products that are sold through a network of sales agents. The...
Concord Beauty Corporation manufactures cosmetic products that are sold through a network of sales agents. The...
Concord Beauty Corporation manufactures cosmetic products that are sold through a network of sales agents. The agents are paid a commission of 18% of sales. The income statement for the year ending December 31, 2020, is as follows. $79,300,000 CONCORD BEAUTY CORPORATION Income Statement For the Year Ended December 31, 2020 Sales Cost of goods sold Variable $31,720,000 Fixed 8,540,000 Gross margin Selling and marketing expenses Commissions $14,274,000 Fixed costs 10,750,600 Operating Income 40,260,000 $39,040,000 25,024,600 $14,015,400 The company is...
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Sheridan Beauty Corporation manufactures cosmetic products that are sold through a network of sales agents. The ag...
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Problem 19-06A a-b, c, d (Video) Bramble Beauty Corporation manufactures cosmetic products that are sold through...
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Problem 19-06A a-b, c, d (Video) Bramble Beauty Corporation manufactures cosmetic products that are sold through...
Problem 19-06A a-b, c, d (Video) Bramble Beauty Corporation manufactures cosmetic products that are sold through a network of sales agents. The agents are paid a commission of 20% of sales. The income statement for the year ending December 31, 2020, is as follows. $77,300,000 BRAMBLE BEAUTY CORPORATION Income Statement For the Year Ended December 31, 2020 Sales Cost of goods sold Variable $30,920,000 Fixed 8,760.000 Gross margin Selling and marketing expenses Commissions $15,460,000 Fixed costs 10,000,000 Operating income 39,680,000...
Show Attempt History Current Attempt in Progress Sheridan Beauty Corporation manufactures cosmetic products that are sold...
Show Attempt History Current Attempt in Progress Sheridan Beauty Corporation manufactures cosmetic products that are sold through a network of sales agents. The agents are paid a commission of 18% of sales. The income statement for the year ending December 31, 2020, is as follows. SHERIDAN BEAUTY CORPORATION Income Statement For the Year Ended December 31, 2020 Sales $79,700,000 Cost of goods sold Variable $32,677,000 Fixed 8,500,000 41,177,000 Gross margin $38,523,000 Selling and marketing expenses Commissions $14,346,000 Fixed costs 10,060,700...
Klyne Corporation manufactures pharmaceutical products that are sold through a network of sales agents. The agents...
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Problem 19-06A a-b, c, d (Video) Bramble Beauty Corporation manufactures cosmetic products that are sold through a network of sales agents. The agents are paid a commission of 20% of sales. The income statement for the year ending December 31, 2020, is as follows. $77,300,000 BRAMBLE BEAUTY CORPORATION Income Statement For the Year Ended December 31, 2020 Sales Cost of goods sold Variable $30,920,000 Fixed 8,760.000 Gross margin Selling and marketing expenses Commissions $15,460,000 Fixed costs 10,000,000 Operating income 39,680,000...
Show Attempt History Current Attempt in Progress Sheridan Beauty Corporation manufactures cosmetic products that are sold through a network of sales agents. The agents are paid a commission of 18% of sales. The income statement for the year ending December 31, 2020, is as follows. SHERIDAN BEAUTY CORPORATION Income Statement For the Year Ended December 31, 2020 Sales $79,700,000 Cost of goods sold Variable $32,677,000 Fixed 8,500,000 41,177,000 Gross margin $38,523,000 Selling and marketing expenses Commissions $14,346,000 Fixed costs 10,060,700...
Klyne Corporation manufactures pharmaceutical products that are sold through a network of sales agents. The agents are paid a commission of 12% of sales. The income statement for the year ending December 31, 2017, is as follows: KLYNE CORPORATION Income Statement For the Year Ending December 31, 2017 Sales Cost of goods sold Variable $ 22,050,000 Fixed 2,635,000 $ 35,000,000 24,685,000 10,315,000 Gross margin Selling and marketing expenses Commissions Fixed costs 4,200,000 1,870,000 6,070,000 Operating income $ 4,245,000 Klyne is...
Klyne Corporation manufactures pharmaceutical products that are sold through a network of sales agents. The agents are paid a commission of 25% of sales. The income statement for the year ending December 31, 2017, is as follows: KLYNE CORPORATION Income Statement For the Year Ending December 31, 2017 Sales $ 29,500,000 Cost of goods sold Variable Fixed $ 15,340,000 2,877,000 18,217,000 11,283,000 Gross margin Selling and marketing expenses Commissions Fixed costs 7,375,000 3,220.000 10,595,000 Operating income $ 688,000 Klyne is...
Klyne Corporation manufactures pharmaceutical products that are sold through a network of sales agents. The agents are paid a commission of 16% of sales. The income statement for the year ending December 31, 2017, is as follows: KLYNE CORPORATION Income Statement For the Year Ending December 31, 2017 Sales Cost of goods sold Variable $ 20,740,000 Fixed 2,633,000 $ 34,000,000 23,373,000 10,627,000 Gross margin Selling and marketing expenses Commissions Fixed costs 5,440,000 1,920,000 7,360,000 Operating income $ 3,267,000 Klyne is...
Klyne Corporation manufactures pharmaceutical products that are sold through a network of sales agents. The agents are paid a commission of 22% of sales. The income statement for the year ending December 31, 2017, is as follows: KLYNE CORPORATION Income Statement For the Year Ending December 31, 2017 Sales $ 32,500,000 Cost of goods sold Variable Fixed $ 18,850,000 2,632,000 21,482,000 11,018,000 Gross margin Selling and marketing expenses Commissions Fixed costs 7,150,000 1,995,000 9,145,000 Operating income $ 1,873,000 Klyne is...
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