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The salesforce sold $30M in additional products; purchasing negotiated $10Min material...
Only need help on question #6! Thank you! Last year, X Company sold 62,000 units of...
Only need help on question #6! Thank you!
Last year, X Company sold 62,000 units of its only product for $17.00 each. Total costs were as follows: Cost of goods sold Variable Fixed Selling and administrative Variable Fixed $408,580 132,680 $69,440 64,480 At the end of the year, a company offered to buy 4,910 units of the product but only for $11.00 each. X Company had the capacity to produce the additional units, and even though there would have been...
Need help with all parts of the question.. Let me know if you need additional information...
Need help with all parts of the question.. Let me know if you
need additional information
Gibson Manufacturing pays its production managers a bonus based on the company's profitability. During the two most recent years, the company maintained the same cost structure to manufacture its products. Units Produced Units Sold 4,000 6,000 4,000 4,000 eBook Year Production and Sales 2018 2019 Cost Data Direct materials Direct labor Manufacturing overheadvariable Manufacturing overheadfixed Variable selling and administrative expenses Fixed selling and administrative...
Question 3 Tricycle Ltd produces three joint products, A, B and C. These products become identifiable...
Question 3 Tricycle Ltd produces three joint products, A, B and C. These products become identifiable after the first process but are processed further before being sold. One ton of material input to the first process produces 300 units of A, 150 units of B and 50 units of C. Monthly costs and selling prices at a normal capacity level of 30 tons input are as follows: First process Fixed Variable per ton of input 10 000 2 400 Additional...
. Required Question: 1. Should Matt try to suggest a better method for reducing purchasing costs?...
.
Required Question:
1. Should Matt try to suggest a better method for reducing
purchasing costs? (200 words)
3. How can Matt find out more information about the suppliers in
a short period of time? (200 words)
3. what are his internal or external resources that he should
consider?
Custom Equipment It was July 2, and Mat Roberts had just been given his robots/weldguns, affiliate-produced parts/fabricated com- first assignment, te Wire Management Program" ponents, and steel/other metals. Matt was hired...
Need help answering marketing questions. Which statement best defines a market? - organizations with products that...
Need help answering marketing questions. Which statement best defines a market? - organizations with products that satisfy people’s needs and wants. - people with a need and a want for a product. - people with the desire and ability to buy a product. - People with the desire and the need for a product. 2. The Detroit Institute of Art (DIA) creates a series of ads featuring upcoming exhibits. Frank, after seeing the ads, spent several days at the DIA...
Need help to solve #3 000 000 600 000 200 Brief Exercises, DO IT! Exercises, available...
Need help to solve #3
000 000 600 000 200 Brief Exercises, DO IT! Exercises, available for practice in WileyPLUS. NOTE. A asterisked Questions, Exercises and Proble WileyPLUS Bri DO ITI Exercises, Exercises, Problems, and many additional resources are is relate to material in the appendix to the chapter. QUESTIONS (a) The steps in the accounting cycle for a mer chandising company differ from the steps in the accounting cycle for a service company." Do you agree or disagree? (b)...
need help with part C. thanks (Financial statement analysis) The annual sales for Salco, Inc. were $4.69 million last ye...
need help with part C. thanks
(Financial statement analysis) The annual sales for Salco, Inc. were $4.69 million last year. The firm's end-of-year balance sheet was as follows: B. Salco's income statement for the year was as follows: a. Calculate Salco's total asset turnover, operating profit margin, and operating return on assets. b. Salco plans to renovate one of its plants and the renovation will require an added investment in plant and equipment of $1.03 million. The firm will maintain...
Hi I need help with this question please. Account information from the comparative financial statements of...
Hi I need help with this question please. Account information from the comparative financial statements of Hopkins Ltd. for the year ended December 31 appear below: 2019 2018 Accounts receivable $129,000 $48,900 Accounts payable 62,000 51,000 Accumulated Depreciation 60,000 30,000 Bonds Payable (due June 30, 2030) 200,000 200,000 Building 280,000 280,000 Cash 95,000 42,000 Common Shares 100,000 100,000 Cost of goods sold 510,000 390,000 Depreciation expense 30,000 30,000 Income tax expense 20,000 18,000 Income tax payable 4,000 3,800 Interest expense...
Read below and answer, Why does a business that has profit of $30,000 per year need...
Read below and answer, Why does a business that has profit of
$30,000 per year need a bank loan?
Jones Electrical Distribution After several years of rapid growth, in the spring of 2007 Jones Electrical Distribution anticipated a further substantial increase in sales. Despite good profits, the company had experienced a shortage of cash and had found it necessary to increase its borrowing from Metropolitan Bank-a local one- branch bank-to $250,000 in 2006. The maximum loan that Metropolitan would make...
I just need help figuring out 5 through 8 ACC 299 Winter 2020 Prof. Graybeat Sis...
I just need help figuring out 5 through 8
ACC 299 Winter 2020 Prof. Graybeat Sis a small company that currently operates in Knoxville, TN and has a single product – stadium seat cushions bearing the University of Tennessee logo. Eventually Gary wants to expand and sell this product for other university and professional sports teams, and to add other merchandise. In the meantime, Gary is having a little difficulty understanding margins, and operating income and product mix. "I'll never...
Only need help on question #6! Thank you!
Last year, X Company sold 62,000 units of its only product for $17.00 each. Total costs were as follows: Cost of goods sold Variable Fixed Selling and administrative Variable Fixed $408,580 132,680 $69,440 64,480 At the end of the year, a company offered to buy 4,910 units of the product but only for $11.00 each. X Company had the capacity to produce the additional units, and even though there would have been...
Need help with all parts of the question.. Let me know if you
need additional information
Gibson Manufacturing pays its production managers a bonus based on the company's profitability. During the two most recent years, the company maintained the same cost structure to manufacture its products. Units Produced Units Sold 4,000 6,000 4,000 4,000 eBook Year Production and Sales 2018 2019 Cost Data Direct materials Direct labor Manufacturing overheadvariable Manufacturing overheadfixed Variable selling and administrative expenses Fixed selling and administrative...
Question 3 Tricycle Ltd produces three joint products, A, B and C. These products become identifiable after the first process but are processed further before being sold. One ton of material input to the first process produces 300 units of A, 150 units of B and 50 units of C. Monthly costs and selling prices at a normal capacity level of 30 tons input are as follows: First process Fixed Variable per ton of input 10 000 2 400 Additional...
.
Required Question:
1. Should Matt try to suggest a better method for reducing
purchasing costs? (200 words)
3. How can Matt find out more information about the suppliers in
a short period of time? (200 words)
3. what are his internal or external resources that he should
consider?
Custom Equipment It was July 2, and Mat Roberts had just been given his robots/weldguns, affiliate-produced parts/fabricated com- first assignment, te Wire Management Program" ponents, and steel/other metals. Matt was hired...
Need help to solve #3
000 000 600 000 200 Brief Exercises, DO IT! Exercises, available for practice in WileyPLUS. NOTE. A asterisked Questions, Exercises and Proble WileyPLUS Bri DO ITI Exercises, Exercises, Problems, and many additional resources are is relate to material in the appendix to the chapter. QUESTIONS (a) The steps in the accounting cycle for a mer chandising company differ from the steps in the accounting cycle for a service company." Do you agree or disagree? (b)...
need help with part C. thanks
(Financial statement analysis) The annual sales for Salco, Inc. were $4.69 million last year. The firm's end-of-year balance sheet was as follows: B. Salco's income statement for the year was as follows: a. Calculate Salco's total asset turnover, operating profit margin, and operating return on assets. b. Salco plans to renovate one of its plants and the renovation will require an added investment in plant and equipment of $1.03 million. The firm will maintain...
Read below and answer, Why does a business that has profit of
$30,000 per year need a bank loan?
Jones Electrical Distribution After several years of rapid growth, in the spring of 2007 Jones Electrical Distribution anticipated a further substantial increase in sales. Despite good profits, the company had experienced a shortage of cash and had found it necessary to increase its borrowing from Metropolitan Bank-a local one- branch bank-to $250,000 in 2006. The maximum loan that Metropolitan would make...
I just need help figuring out 5 through 8
ACC 299 Winter 2020 Prof. Graybeat Sis a small company that currently operates in Knoxville, TN and has a single product – stadium seat cushions bearing the University of Tennessee logo. Eventually Gary wants to expand and sell this product for other university and professional sports teams, and to add other merchandise. In the meantime, Gary is having a little difficulty understanding margins, and operating income and product mix. "I'll never...
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