Homework Answers
b)Variable expense to sales ratio = 636000/848000 = .75
Need $120000 after tax profit, tax@20%
Therefore, net operating income before tax = $120000*(100/80) = $150000
Income before tax -$150000
Add:fixed cost -$100000
Contribution =$250000
Variable expense is 75%, therefore contribution is 25%.
Therefore Sales = Contribution *(100/25)
= 250000 *(100/25)
=$1000000
No of cakes = 1000000/40
= 25000 cakes
a) From above Variable expense ratio to sales is .75
if,Operating profit = $160000
Fixed expense =$100000
Contribution =160000+100000=$260000
therefore,Sales = Contribution * (100/25)
= 260000 * 4
= 1040000
Therefore Number of units = 1040000/40 =26000 Cakes
Note:Varible expense = 75% or .75
Contribution = Sales - Variable expense
= 100 - 75 (or 1-.75)
=25% or .25
Add Answer to:
(b) X Your answer is incorrect. Assuming a 20% tax rate, how many cakes will Sarah...
Laura Hall owns and operates WildhorseCakes, a bakery that creates personalized birthday cakes for a child's...
Laura Hall owns and operates WildhorseCakes, a bakery that creates personalized birthday cakes for a child's first birthday. The cakes, which sell for $40 and feature an edible picture of the child, are shipped throughout the country. A typical month's results are as follows: Sales revenue Variable expenses Contribution margin Fixed expenses Operating income $844,000 633,000 211,000 150,000 $61,000 (a) Your answer is incorrect. How many cakes will Laura Hall have to sell if she wants to earn $156,000 in...
Dorothy Taylor owns and operates SandhillCakes, a bakery that creates personalized birthday cakes for a child's...
Dorothy Taylor owns and operates SandhillCakes, a bakery that creates personalized birthday cakes for a child's first birthday. The cakes, which sell for $40 and feature an edible picture of the child, are shipped throughout the country. A typical month's results are as follows: Sales revenue Variable expenses Contribution margin Fixed expenses Operating income $796,000 597.000 199,000 109,500 $ 89,500 (a) How many cakes will Dorothy Taylor have to sell if she wants to earn $144,000 in operating income each...
Laura Hall owns and operates WildhorseCakes, a bakery that creates personalized birthday cakes for a child's...
Laura Hall owns and operates WildhorseCakes, a bakery that creates personalized birthday cakes for a child's first birthday. The cakes, which sell for $40 and feature an edible picture of the child, are shipped throughout the country. A typical month's results are as follows: Sales revenue Variable expenses Contribution margin Fixed expenses Operating income $844,000 633,000 211,000 150,000 $ 61,000 (a) Your answer is correct. How many cakes will Laura Hall have to sell if she wants to earn $156,000...
Question 2 Julianna Abdallah owns and operates FirstCakes, a bakery that creates personalized birthday cakes for...
Question 2 Julianna Abdallah owns and operates FirstCakes, a bakery that creates personalized birthday cakes for a child's first birthday. The cakes, which sell for $56 and feature an edible picture of the child, are shipped throughout the country. A typical month's results are as follows: Sales revenue Variable expenses Contribution margin $749,280 561,960 187,320 133,000 $ 54,320 Fixed expenses Operating income (a) X Your answer is incorrect. Try again. How many cakes will Julianna Abdallah have to sell if...
Julianna Abdallah owns and operates FirstCakes, a bakery that creates personalized birthday cakes for a child's...
Julianna Abdallah owns and operates FirstCakes, a bakery that creates personalized birthday cakes for a child's first birthday. The cakes, which sell for $60 and feature an edible picture of the child, are shipped throughout the country. A typical month's results are as follows: Sales revenue Variable expenses Contribution margin Fixed expenses Operating income $873,600 655,200 218,400 116,550 $ 101,850 (a) Your answer is correct. How many cakes will Julianna Abdallah have to sell if she wants to earn $120,060...
Julianna Abdallah owns and operates FirstCakes, a bakery that creates personalized birthday cakes for a child's...
Julianna Abdallah owns and operates FirstCakes, a bakery that creates personalized birthday cakes for a child's first birthday. The cakes, which sell for $50 and feature an edible picture of the child, are shipped throughout the country. A typical month's results are as follows: Sales revenue Variable expenses Contribution margin Fixed expenses Operating income $793,000 586.820 206,180 85,800 $ 120,380 ✓ Your answer is correct. How many cakes will Julianna Abdallah have to sell if she wants to earn $145,041...
Julianna Abdallah owns and operates FirstCakes, a bakery that creates personalized birthday cakes for a child's...
Julianna Abdallah owns and operates FirstCakes, a bakery that creates personalized birthday cakes for a child's first birthday. The cakes, which sell for $64 and feature an edible picture of the child, are shipped throughout the country. A typical month's results are as follows: Sales revenue Variable expenses Contribution margin Fixed expenses Operating income $994,560 745,920 248,640 132,800 $ 115,840 (a) How many cakes will Julianna Abdallah have to sell if she wants to earn $131,568 in operating income each...
Barbara Jones owns and operates IvanhoeCakes, a bakery that creates personalized birthday cakes for a child's...
Barbara Jones owns and operates IvanhoeCakes, a bakery that creates personalized birthday cakes for a child's first birthday. The cakes, which sell for $10 and feature an edible picture of the child, are shipped throughout the country. A typical months results are as follows: Sales revenue Variable expenses Contribution margin Fixed expenses Operating income $772,000 579,000 193,000 106,500 $ 86,500 (a) X Your answer is incorrect How many cakes will Barbara Jones have to sell if she wants to earn...
Question 2 of 4 3.13 Betty Harris owns and operates CullumberCakes, a bakery that creates personalized...
Question 2 of 4 3.13 Betty Harris owns and operates CullumberCakes, a bakery that creates personalized birthday cakes for a child's first t cakes, which sell for $40 and feature an edible picture of the child, are shipped throughout the country. A typical mont as follows: Sales revenue Variable expenses Contribution margin Fixed expenses Operating income $812.000 609,000 203,000 111,500 $ 91,500 (a) Your answer is correct. How many cakes will Betty Harris have to sell if she wants to...
Question 2 of 4 3.13/6.25 View Pu Show Attempt History Current Attempt in Progress Jennifer Davis...
Question 2 of 4 3.13/6.25 View Pu Show Attempt History Current Attempt in Progress Jennifer Davis owns and operates PharoahCakes, a bakery that creates personalized birthday cakes for a child's first birthday. The cakes, which sell for $40 and feature an edible picture of the child, are shipped throughout the country. A typical month's results are as follows: Sales revenue Variable expenses Contribution margin Fixed expenses Operating income $780,000 585,000 195,000 108,000 $ 87,000 Question 2 of 4 3.13/6.25 Your...
Laura Hall owns and operates WildhorseCakes, a bakery that creates personalized birthday cakes for a child's first birthday. The cakes, which sell for $40 and feature an edible picture of the child, are shipped throughout the country. A typical month's results are as follows: Sales revenue Variable expenses Contribution margin Fixed expenses Operating income $844,000 633,000 211,000 150,000 $61,000 (a) Your answer is incorrect. How many cakes will Laura Hall have to sell if she wants to earn $156,000 in...
Dorothy Taylor owns and operates SandhillCakes, a bakery that creates personalized birthday cakes for a child's first birthday. The cakes, which sell for $40 and feature an edible picture of the child, are shipped throughout the country. A typical month's results are as follows: Sales revenue Variable expenses Contribution margin Fixed expenses Operating income $796,000 597.000 199,000 109,500 $ 89,500 (a) How many cakes will Dorothy Taylor have to sell if she wants to earn $144,000 in operating income each...
Laura Hall owns and operates WildhorseCakes, a bakery that creates personalized birthday cakes for a child's first birthday. The cakes, which sell for $40 and feature an edible picture of the child, are shipped throughout the country. A typical month's results are as follows: Sales revenue Variable expenses Contribution margin Fixed expenses Operating income $844,000 633,000 211,000 150,000 $ 61,000 (a) Your answer is correct. How many cakes will Laura Hall have to sell if she wants to earn $156,000...
Question 2 Julianna Abdallah owns and operates FirstCakes, a bakery that creates personalized birthday cakes for a child's first birthday. The cakes, which sell for $56 and feature an edible picture of the child, are shipped throughout the country. A typical month's results are as follows: Sales revenue Variable expenses Contribution margin $749,280 561,960 187,320 133,000 $ 54,320 Fixed expenses Operating income (a) X Your answer is incorrect. Try again. How many cakes will Julianna Abdallah have to sell if...
Julianna Abdallah owns and operates FirstCakes, a bakery that creates personalized birthday cakes for a child's first birthday. The cakes, which sell for $60 and feature an edible picture of the child, are shipped throughout the country. A typical month's results are as follows: Sales revenue Variable expenses Contribution margin Fixed expenses Operating income $873,600 655,200 218,400 116,550 $ 101,850 (a) Your answer is correct. How many cakes will Julianna Abdallah have to sell if she wants to earn $120,060...
Julianna Abdallah owns and operates FirstCakes, a bakery that creates personalized birthday cakes for a child's first birthday. The cakes, which sell for $50 and feature an edible picture of the child, are shipped throughout the country. A typical month's results are as follows: Sales revenue Variable expenses Contribution margin Fixed expenses Operating income $793,000 586.820 206,180 85,800 $ 120,380 ✓ Your answer is correct. How many cakes will Julianna Abdallah have to sell if she wants to earn $145,041...
Julianna Abdallah owns and operates FirstCakes, a bakery that creates personalized birthday cakes for a child's first birthday. The cakes, which sell for $64 and feature an edible picture of the child, are shipped throughout the country. A typical month's results are as follows: Sales revenue Variable expenses Contribution margin Fixed expenses Operating income $994,560 745,920 248,640 132,800 $ 115,840 (a) How many cakes will Julianna Abdallah have to sell if she wants to earn $131,568 in operating income each...
Barbara Jones owns and operates IvanhoeCakes, a bakery that creates personalized birthday cakes for a child's first birthday. The cakes, which sell for $10 and feature an edible picture of the child, are shipped throughout the country. A typical months results are as follows: Sales revenue Variable expenses Contribution margin Fixed expenses Operating income $772,000 579,000 193,000 106,500 $ 86,500 (a) X Your answer is incorrect How many cakes will Barbara Jones have to sell if she wants to earn...
Question 2 of 4 3.13 Betty Harris owns and operates CullumberCakes, a bakery that creates personalized birthday cakes for a child's first t cakes, which sell for $40 and feature an edible picture of the child, are shipped throughout the country. A typical mont as follows: Sales revenue Variable expenses Contribution margin Fixed expenses Operating income $812.000 609,000 203,000 111,500 $ 91,500 (a) Your answer is correct. How many cakes will Betty Harris have to sell if she wants to...
Question 2 of 4 3.13/6.25 View Pu Show Attempt History Current Attempt in Progress Jennifer Davis owns and operates PharoahCakes, a bakery that creates personalized birthday cakes for a child's first birthday. The cakes, which sell for $40 and feature an edible picture of the child, are shipped throughout the country. A typical month's results are as follows: Sales revenue Variable expenses Contribution margin Fixed expenses Operating income $780,000 585,000 195,000 108,000 $ 87,000 Question 2 of 4 3.13/6.25 Your...
Most questions answered within 3 hours.
-
please don't use the p value method instead use the "5 steps of
hypothesis testing." Or...
asked 10 minutes ago -
It is said that Galileo discovered a basic principle of the
pendulum—that the period is independent...
asked 16 minutes ago -
The Cost of Equity and
Flotation Costs
Messman Manufacturing
will issue common stock to the public...
asked 23 minutes ago -
a) summarize the challenges facing New Britain today
b) identify some of its strengths
c) suggest...
asked 25 minutes ago -
**86 at 40 not 88. please show how got Tr in calculations thank
you
2) The...
asked 25 minutes ago -
McGlaun Company pays its employees every two weeks. The firm
last paid its employees on September...
asked 39 minutes ago -
You have been gifted a Mogwai as a pet and decide to do a little
online...
asked 43 minutes ago -
given the standard of 200 mg/dl and the absorbance of that
standard is 0.640. What is...
asked 46 minutes ago -
Exercise 8-51 Algo
An accounting professor is notorious for being stingy in giving
out good letter...
asked 54 minutes ago -
month
total distribution cost
level of activity (unit produced)
july
230.000
3500
august
250.000
3750
september...
asked 56 minutes ago -
A smoke detector system uses two devices, A and B. If smoke is
present, the probability...
asked 1 hour ago -
Your division head has assigned another important project to you
and your team. This project is...
asked 1 hour ago