Homework Answers
| Statement based on Last 3 year average data | |
| Particulars | Amount ($) |
| Average Revenue | $ 6,068,839.49 |
| Less: Average Direct costs | $ (5,377,508.12) |
| Less: Average Variable overheads | $ (300,161.51) |
| Contribution | $ 391,169.86 |
| Calculation of Fixed cost | |
| Cotribution (as calculated above) | $ 391,169.86 |
| Less: Average Profit Margin | $ 203,820.91 |
| Fixed Cost | $ 187,348.95 |
| Contribution margin as % of Revenue | |
| = (Contribution / Revenue) *100 | |
| = (391,169.86 / 6,068,839.49) *100 | |
| =6.45% | |
| Minimum required Contribution Calculation | |
| Particulars | Amount ($) |
| Minimum Required Profit | $ 225,981.00 |
| Add: Fixed Cost | $ 187,348.95 |
| Minimum Required Contribution | $ 413,329.95 |
| Required Net Revenue | |
| =Required Contribution / Contribution as percentage of sales | |
| = 413,329.95 / 6.45% | |
| = 6,408,216.28 | |
| There fore Required Net Revenue = $ 6,408,216.28 |
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Calculate the Net Revenue Requirement based on the following financial information: Minimum Profit Goal: $225,981 last...
i need help plz. Calculate the Net Revenue Requirement based on the following financial information: Minimum...
i need help plz.
Calculate the Net Revenue Requirement based on the following financial information: Minimum Profit Goal: $201,467 last 3-year average revenue $6.044,485.14 last 3-year average direct costs $5,313,986.22 last 3-year year average variable overhead $307,301.46 fixed costs: to be determined Last 3-year average profit margin $240.396.82 Note, I've provided last year's financial data so you can establish what your fixed costs have historically been. Use the Minimum Profit Goal to calculate the net revenue requirement. Calculate the Days...
Required information [The following Information applies to the questions displayed below] Westerville Company reported the following...
Required information [The following Information applies to the questions displayed below] Westerville Company reported the following results from last year's operations: $ 1.200.000 220.000 BUO,000 Sales Variable expenses Contribution margin Fixed expenses Net operating income Average operating assets 640,000 240,000 600.000 $ At the beginning of this year, the company has a $150,000 Investment opportunity with the following cost and revenue characteristics: Sales Contribution margin ratio Fixed expenses $ 240,000 50% of sales $ 84,000 The company's minimum required rate...
How are variable costs calculated in requirement 4 on the income statement? (3,575,000) British Productions performs...
How
are variable costs calculated in requirement 4 on the income
statement? (3,575,000)
British Productions performs London shows. The average show sells 1,300 tickets at $60 per ticket. There year. No additional shows can be held as the theater is also used by other production companies. The avera cast of 65, each earning a net average of $340 per show. The cast is paid after each show. The other variable program-printing cost of $8 per guest. Annual fixed costs total...
Calculator Cost-Volume-Profit, Margin of Safety Steven Kissick is a Kingston-based lawyer who has been in practice...
Calculator Cost-Volume-Profit, Margin of Safety Steven Kissick is a Kingston-based lawyer who has been in practice for several years. He knew that it would take some time to establish himself and hopefully generate enough revenue to make a decent living. His financial statements for his year ended June 30, 2018, are as follows: Steven Kissick, Lawyer Income Statement For the year ended June 30, 2018 $180,000 Revenue Direct Costs of Practice: Variable 66,000 Fixed 8৪,000 Gross Margin $26,000 Indirect Costs...
Required information [The following Information applies to the questions displayed below.) Westerville Company reported the following...
Required information [The following Information applies to the questions displayed below.) Westerville Company reported the following results from last year's operations: Sales Variable expenses Contribution margin Fixed expenses Net operating income Average operating assets $ 1,200.000 320,000 BBO,000 640.000 240,000 600,000 At the beginning of this year, the company has a $150,000 Investment opportunity with the following cost and revenue characteristics: Sales Contribution margin ratio Fixed expenses $ 240,000 50% of sales $ 84,000 The company's minimum required rate of...
What is last year's Margin? What is last year's turnover? What is last year's return on...
What is last year's Margin?
What is last year's turnover?
What is last year's return on investment?
What is the margin related to this year's investment?
Show work pleaseeee
CHAPTER 11: CHAPTER END REVIEW A 111 LO Best Sleep Company reported the following results from last year's operations: Sales $ 1,500,000 Variable expenses 650,000 Contribution margin 850,000 Fixed expenses 580,000 Net operating income $ 270,000 Average operating assets $ 1,000,000 At the beginning of this year, the company has a...
Required Information [The following Information applies to the questions displayed below.) Westerville Company reported the following...
Required Information [The following Information applies to the questions displayed below.) Westerville Company reported the following results from last year's operations: Sales Variable expenses Contribution margin Fixed expenses Net operating income Average operating assets $ 1,200,000 320.000 UBO,000 640,000 $ 240,000 $ 600,000 At the beginning of this year, the company has a $150,000 Investment opportunity with the following cost and revenue characteristics: $ 240,000 Sales Contribution margin ratio Fixed expenses 50% of sales $ 84,000 The company's minimum required...
Required information [The following information applies to the questions displayed below.) Westerville Company reported the following...
Required information [The following information applies to the questions displayed below.) Westerville Company reported the following results from last year's operations: $ Sales Variable expenses Contribution margin Fixed expenses Net operating income Average operating assets 1,800,000 435,000 1,365,000 1,005,000 360,000 1,200,000 $ $ At the beginning of this year, the company has a $300,000 investment opportunity with the following cost and revenue characteristics: Sales Contribution margin ratio Fixed expenses $360,000 70% of sales $ 216,000 The company's minimum required rate...
Please help with requirement 2 net sales revenue is 530,000 Zorahs, a national manufacturer of lawn-mowing...
Please help with requirement 2 net sales
revenue is 530,000
Zorahs, a national manufacturer of lawn-mowing and snow-blowing equipment, segments its business according to customer type: professional and residential. The following divisional information was available for the past year: (Click the icon to view the information.) Read the requirements. Requirement 1. Calculate each division's ROI. Round all of your answers to four decimal places. Begin by selecting the formula to calculate return on investment (ROI), and then enter the amounts...
Westerville Company reported the following results from last year's operations: Sales Variable expenses $1,500,000 730.000 Contribution...
Westerville Company reported the following results from last year's operations: Sales Variable expenses $1,500,000 730.000 Contribution margin Fixed expenses 770.000 470,000 Net operating income $ 300,000 Average operating assets $ 937,500 This year the company has a $362,500 investment opportunity with the following cost and revenue characteristics: Sales Contribution margin ratio Fixed expenses $580,000 70 % of sales $319,000 The company's minimum required rate of return is 10%. Required: What is the margin related to this year's investment opportunity? Margin
i need help plz.
Calculate the Net Revenue Requirement based on the following financial information: Minimum Profit Goal: $201,467 last 3-year average revenue $6.044,485.14 last 3-year average direct costs $5,313,986.22 last 3-year year average variable overhead $307,301.46 fixed costs: to be determined Last 3-year average profit margin $240.396.82 Note, I've provided last year's financial data so you can establish what your fixed costs have historically been. Use the Minimum Profit Goal to calculate the net revenue requirement. Calculate the Days...
Required information [The following Information applies to the questions displayed below] Westerville Company reported the following results from last year's operations: $ 1.200.000 220.000 BUO,000 Sales Variable expenses Contribution margin Fixed expenses Net operating income Average operating assets 640,000 240,000 600.000 $ At the beginning of this year, the company has a $150,000 Investment opportunity with the following cost and revenue characteristics: Sales Contribution margin ratio Fixed expenses $ 240,000 50% of sales $ 84,000 The company's minimum required rate...
How
are variable costs calculated in requirement 4 on the income
statement? (3,575,000)
British Productions performs London shows. The average show sells 1,300 tickets at $60 per ticket. There year. No additional shows can be held as the theater is also used by other production companies. The avera cast of 65, each earning a net average of $340 per show. The cast is paid after each show. The other variable program-printing cost of $8 per guest. Annual fixed costs total...
Calculator Cost-Volume-Profit, Margin of Safety Steven Kissick is a Kingston-based lawyer who has been in practice for several years. He knew that it would take some time to establish himself and hopefully generate enough revenue to make a decent living. His financial statements for his year ended June 30, 2018, are as follows: Steven Kissick, Lawyer Income Statement For the year ended June 30, 2018 $180,000 Revenue Direct Costs of Practice: Variable 66,000 Fixed 8৪,000 Gross Margin $26,000 Indirect Costs...
Required information [The following Information applies to the questions displayed below.) Westerville Company reported the following results from last year's operations: Sales Variable expenses Contribution margin Fixed expenses Net operating income Average operating assets $ 1,200.000 320,000 BBO,000 640.000 240,000 600,000 At the beginning of this year, the company has a $150,000 Investment opportunity with the following cost and revenue characteristics: Sales Contribution margin ratio Fixed expenses $ 240,000 50% of sales $ 84,000 The company's minimum required rate of...
What is last year's Margin?
What is last year's turnover?
What is last year's return on investment?
What is the margin related to this year's investment?
Show work pleaseeee
CHAPTER 11: CHAPTER END REVIEW A 111 LO Best Sleep Company reported the following results from last year's operations: Sales $ 1,500,000 Variable expenses 650,000 Contribution margin 850,000 Fixed expenses 580,000 Net operating income $ 270,000 Average operating assets $ 1,000,000 At the beginning of this year, the company has a...
Required Information [The following Information applies to the questions displayed below.) Westerville Company reported the following results from last year's operations: Sales Variable expenses Contribution margin Fixed expenses Net operating income Average operating assets $ 1,200,000 320.000 UBO,000 640,000 $ 240,000 $ 600,000 At the beginning of this year, the company has a $150,000 Investment opportunity with the following cost and revenue characteristics: $ 240,000 Sales Contribution margin ratio Fixed expenses 50% of sales $ 84,000 The company's minimum required...
Required information [The following information applies to the questions displayed below.) Westerville Company reported the following results from last year's operations: $ Sales Variable expenses Contribution margin Fixed expenses Net operating income Average operating assets 1,800,000 435,000 1,365,000 1,005,000 360,000 1,200,000 $ $ At the beginning of this year, the company has a $300,000 investment opportunity with the following cost and revenue characteristics: Sales Contribution margin ratio Fixed expenses $360,000 70% of sales $ 216,000 The company's minimum required rate...
Please help with requirement 2 net sales
revenue is 530,000
Zorahs, a national manufacturer of lawn-mowing and snow-blowing equipment, segments its business according to customer type: professional and residential. The following divisional information was available for the past year: (Click the icon to view the information.) Read the requirements. Requirement 1. Calculate each division's ROI. Round all of your answers to four decimal places. Begin by selecting the formula to calculate return on investment (ROI), and then enter the amounts...
Westerville Company reported the following results from last year's operations: Sales Variable expenses $1,500,000 730.000 Contribution margin Fixed expenses 770.000 470,000 Net operating income $ 300,000 Average operating assets $ 937,500 This year the company has a $362,500 investment opportunity with the following cost and revenue characteristics: Sales Contribution margin ratio Fixed expenses $580,000 70 % of sales $319,000 The company's minimum required rate of return is 10%. Required: What is the margin related to this year's investment opportunity? Margin
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