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14. What is company's margin of safety in units for projected Year 16? 15. What is...
14. What is company's margin of safety in units for projected Year 16? 15. What is the company's ...
14. What is company's margin of safety in units for projected Year 16? 15. What is the company's margin of safety as a percentage for projected Year 16? not for the projected Year 16 relative to Year 15 and 16. Is the margin of safety as a percentage improving or by how much? Eoxtrot Manufacturing Company, LLC Functional Format Income Statement Latest Operating Year Proforma for Year Year 15 15% Next Operating 16% ear 16 a units sold Average price...
Also, what is the companys margin of safety in units? if sales increases by 250 units,...
Also, what is the companys margin of safety in units?
if
sales increases by 250 units, by how much should net operating
income increase?
jestlo.. 3 The following is Allison Corporation's contribution format income statement for last month: Sales: $900,000 Variable Expenses: $600,000 Contribution Margin: $300,000 Fixed Expenses: $150,000 Net Operating Income: $ ?????? The company has no beginning or ending inventories. The company produced and sold 15,000 units last mo What would be the sales dollars required in order...
Break-Even Units, Contribution Margin Ratio, Margin of Safety Khumbu Company's projected profit for the coming year...
Break-Even Units, Contribution Margin Ratio, Margin of Safety Khumbu Company's projected profit for the coming year is as follows: Total Per Unit Sales $1,275,000 $25.50 Total variable cost 459,000 9.18 Contribution margin $ 816,000 $ 16.32 Total fixed cost 518,670 Operating income $ 297,330 Required: 1. Compute the break-even point in units. If required, round your answer to nearest whole value. units 2. How many units must be sold to earn a profit of $240,000? If required, round your answer...
help Joyner Company's income statement for Year 2 follows: $ 713,000 143,000 570.000 150,400 419,600 Sales...
help
Joyner Company's income statement for Year 2 follows: $ 713,000 143,000 570.000 150,400 419,600 Sales Cost of goods sold Gross margin Selling and administrative expenses Net operating income Nonoperating items: Gain on sale of equipment Income before taxes Income taxes Net income 8,000 427,600 171.040 $ 256,560 Its balance sheet amounts at the end of Years 1 and 2 are as follows: Year 2 Year 1 5 $ 245,660 227.000 319.000 9,000 800,660 624.000 165,500 458.500 40,000 $1.299.160 $...
Break-Even Units, Contribution Margin Ratio, Margin of Safety Khumbu Company's projected profit for the coming yea...
Break-Even Units, Contribution Margin Ratio, Margin of Safety Khumbu Company's projected profit for the coming year is as follows: Total Per Unit $26.50 $1,344,875 Sales 9.01 457,258 Total variable cost $ 17.49 $ 887,617 Contribution margin 434,395 Total fixed cost $ 453,222 Operating Income Required: 1. Compute the break-even point in units. If required, round your answer to nearest whole value. units 2. How many units must be sold to earn a profit of $240,0007 If required, round your answer...
Apex Company prepared the statement of cash flows for the current year that is shown below:...
Apex Company prepared the statement of cash flows for the current year that is shown below: $ 40,000 22,000 (60,000) (25,000) 9,000 55,000 (12,000) 5,000 (6,000) 34,000 Apex Company Statement of Cash Flows-Indirect Method Operating activities: Net income Adjustments to convert net income to cash basis: Depreciation Increase in accounts receivable Increase in inventory Decrease in prepaid expenses Increase in accounts payable Decrease in accrued liabilities Increase in income taxes payable Net cash provided by (used in) operating activities Investing...
Question 16 (5 points) The following information is related to Towson Company's fiscal year 2018. Income...
Question 16 (5 points) The following information is related to Towson Company's fiscal year 2018. Income Statement: Net Income $2,100,000 Depreciation Expense 350,000 Loss on Sale of Plant Assets 75,000 Interest Expense 5,000 Balance Sheet - 12/31/17: Increase (Decrease) Accounts Payable decrease 25,000 Plant Assets - Purchased 250,000 Plant Assets - Disposals (100,000) Additional Information: Common Stock exchanged for outstanding Long Term Notes Payable of $125,000 Dividends paid were $30,000 Use this information to determine Towson Company's Net Cash Flows...
(Break-even Analysis) Sword Company’s projected partial variable costing income statement for the coming year is as...
(Break-even Analysis) Sword Company’s projected partial variable costing income statement for the coming year is as follows (at 30,000 units): Total Sales $600,000 Less: Variable expenses 150,000 Contribution margin $ 450,000 Less: Fixed expenses 210,000 Operating income $ 240,000 Required: 1. Compute the break-even point in units. 2. For the projected level of sales, compute the margin of safety. 3. How many units must be sold to earn a profit of $300,000? 4. Suppose Sword Company would like to earn...
LE SHERMAN EQUIPMENT CO. Income Statement For the Year Ending December 31, Year 2 Gross Margin...
LE SHERMAN EQUIPMENT CO. Income Statement For the Year Ending December 31, Year 2 Gross Margin Operating Expenses Total Operating Expenses Operating Income Non-Operating Items Net Income SHERMAN EQUIPMENT CO. Balance Sheet As of December 31, Year 2 Assets Assets Total Assets Liabilities and Stockholders' Equity Current Liabilities Total Liabilities Stockholders' Equity Total Stockholders' Equity Total Liabilities and Stockholders' Equity Given Data P07-21A: SHERMAN EQUIPMENT CO. Salaries Expense Common Stock Notes Receivable (short tem) Allowance for Doubtful Accounts Uncollectible Accounts...
Dair Company's income statement and comparative balance sheets follow. DAIR COMPANY Income Statement For Year Ended...
Dair Company's income statement and comparative balance sheets follow. DAIR COMPANY Income Statement For Year Ended December 31, 2011 Sales $ 700,000 Cost of goods sold $ 440,000 Wages and other operating expenses 95,000 Depreciation expense 21,000 Amortization expense 6,000 Interest expense 10,000 Income tax expense 36,000 Loss on bond retirement 5,000 613,000 Net income $87,000 DAIR COMPANY Balance Sheets Dec 31, 2011 Dec 31, 2010 Assets Cash $ 22,000 $18,000 Accounts receivable 54,000 48,000 Inventory 103,000 109,000 Prepaid expenses...
14. What is company's margin of safety in units for projected Year 16? 15. What is the company's margin of safety as a percentage for projected Year 16? not for the projected Year 16 relative to Year 15 and 16. Is the margin of safety as a percentage improving or by how much? Eoxtrot Manufacturing Company, LLC Functional Format Income Statement Latest Operating Year Proforma for Year Year 15 15% Next Operating 16% ear 16 a units sold Average price...
Also, what is the companys margin of safety in units?
if
sales increases by 250 units, by how much should net operating
income increase?
jestlo.. 3 The following is Allison Corporation's contribution format income statement for last month: Sales: $900,000 Variable Expenses: $600,000 Contribution Margin: $300,000 Fixed Expenses: $150,000 Net Operating Income: $ ?????? The company has no beginning or ending inventories. The company produced and sold 15,000 units last mo What would be the sales dollars required in order...
help
Joyner Company's income statement for Year 2 follows: $ 713,000 143,000 570.000 150,400 419,600 Sales Cost of goods sold Gross margin Selling and administrative expenses Net operating income Nonoperating items: Gain on sale of equipment Income before taxes Income taxes Net income 8,000 427,600 171.040 $ 256,560 Its balance sheet amounts at the end of Years 1 and 2 are as follows: Year 2 Year 1 5 $ 245,660 227.000 319.000 9,000 800,660 624.000 165,500 458.500 40,000 $1.299.160 $...
Break-Even Units, Contribution Margin Ratio, Margin of Safety Khumbu Company's projected profit for the coming year is as follows: Total Per Unit $26.50 $1,344,875 Sales 9.01 457,258 Total variable cost $ 17.49 $ 887,617 Contribution margin 434,395 Total fixed cost $ 453,222 Operating Income Required: 1. Compute the break-even point in units. If required, round your answer to nearest whole value. units 2. How many units must be sold to earn a profit of $240,0007 If required, round your answer...
Apex Company prepared the statement of cash flows for the current year that is shown below: $ 40,000 22,000 (60,000) (25,000) 9,000 55,000 (12,000) 5,000 (6,000) 34,000 Apex Company Statement of Cash Flows-Indirect Method Operating activities: Net income Adjustments to convert net income to cash basis: Depreciation Increase in accounts receivable Increase in inventory Decrease in prepaid expenses Increase in accounts payable Decrease in accrued liabilities Increase in income taxes payable Net cash provided by (used in) operating activities Investing...
Question 16 (5 points) The following information is related to Towson Company's fiscal year 2018. Income Statement: Net Income $2,100,000 Depreciation Expense 350,000 Loss on Sale of Plant Assets 75,000 Interest Expense 5,000 Balance Sheet - 12/31/17: Increase (Decrease) Accounts Payable decrease 25,000 Plant Assets - Purchased 250,000 Plant Assets - Disposals (100,000) Additional Information: Common Stock exchanged for outstanding Long Term Notes Payable of $125,000 Dividends paid were $30,000 Use this information to determine Towson Company's Net Cash Flows...
LE SHERMAN EQUIPMENT CO. Income Statement For the Year Ending December 31, Year 2 Gross Margin Operating Expenses Total Operating Expenses Operating Income Non-Operating Items Net Income SHERMAN EQUIPMENT CO. Balance Sheet As of December 31, Year 2 Assets Assets Total Assets Liabilities and Stockholders' Equity Current Liabilities Total Liabilities Stockholders' Equity Total Stockholders' Equity Total Liabilities and Stockholders' Equity Given Data P07-21A: SHERMAN EQUIPMENT CO. Salaries Expense Common Stock Notes Receivable (short tem) Allowance for Doubtful Accounts Uncollectible Accounts...
Dair Company's income statement and comparative balance sheets follow. DAIR COMPANY Income Statement For Year Ended December 31, 2011 Sales $ 700,000 Cost of goods sold $ 440,000 Wages and other operating expenses 95,000 Depreciation expense 21,000 Amortization expense 6,000 Interest expense 10,000 Income tax expense 36,000 Loss on bond retirement 5,000 613,000 Net income $87,000 DAIR COMPANY Balance Sheets Dec 31, 2011 Dec 31, 2010 Assets Cash $ 22,000 $18,000 Accounts receivable 54,000 48,000 Inventory 103,000 109,000 Prepaid expenses...
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