Homework Answers
After the tax, the price paid by the consumers = increases to 4.5 and the price received by the sellers = decreases to 3.5 so it affects both
option(B)
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In the Sgre a sales tax of $1 per unit inposed on seler the price buyrs pay and the price that pplars keep ler omse...
Sales price per unit Total Fixed Costs Variable cost per unit $45 $1,500,00 0 $30 How...
Sales price per unit Total Fixed Costs Variable cost per unit $45 $1,500,00 0 $30 How many units does the company have to sell to break even? How much of sales dollar does the company have to make to break even? The company targets to make $500,000 in profit. How many units does the company have to sell to make this target? (round to the nearest integer) Assume that the income tax rate is 20%. How many units does the...
Spartan Systems reported total sales of $480,000, at a price of $30 and per unit variable...
Spartan Systems reported total sales of $480,000, at a price of $30 and per unit variable expenses of $21. for the sales of their single product. Per Unit Total $480,000 336,000 Sales Variable expenses $30 Contribution margin 144,000 Fixed expenses 118,000 Net operating Income $26,000 What is the amount of contribution margin if sales volume increases by 40%? (Round your intermediate calculations to 2 decimal places and your final answer to the nearest whole number.) $175,500 O $34,500 O $201,600...
show work plz Sales price per unit $90.00 Variable cost per unit $50.00 Total fixed costs...
show work plz
Sales price per unit $90.00 Variable cost per unit $50.00 Total fixed costs $250,000 After-tax income $48,450 Tax rate 40% Unit sales volume for the company must have been: A. 8,527 B. 9,149 C. 8,269
Product A has a sales price of $40 per unit, $15 of variable costs and requires...
Product A has a sales price of $40 per unit, $15 of variable costs and requires 1/2 hour of machine time to be produced.If machine time is a limited resource, what is the contribution margin per limited resource? 20 30 50 80
Requirement 1. What is the budgeted sales price per unit? The budgeted sales price per unit...
Requirement 1. What is the budgeted sales price per unit? The budgeted sales price per unit is $ 3.40. Requirement 2. What is the budgeted variable expense per unit? The budgeted variable expense per unit is $ 1.80 . Requirement 3. What is the budgeted fixed cost for the period? The budgeted fixed cost for the period is $ 69,000 Requirements 4 and 5. Compute the master budget variances. Be sure to indicate each variance as favorable (F) or unfavorable...
Selling price per unit $ 120 Current annual sales $ 240,000 Annual fixed costs Factory rent...
Selling price per unit $ 120 Current annual sales $ 240,000 Annual fixed costs Factory rent $ 43,400 Depreciation expense - equipment $ 12,000 Utilities $ 22,000 Insurance $ 8,400 $ 85,800 Variable costs Direct materials $ 36 per unit Direct labour $ 48 per unit Income tax rate 20% If Bridgeport would like to earn a profit after tax that is 8% of sales, what should the sales be? How many units does Bridgeport need to increase from the...
1. In your opinion, if the government imposes unit sales tax (i.e. $ tax per unit...
1. In your opinion, if the government imposes unit sales tax (i.e. $ tax per unit sold) on a product, which one, demand or supply will shift? Increase or decrease? Will the new tax cause “disequilibrium”? Please state clearly about the shift (leftward or rightward) and the equilibrium price and quantity change. No graph is required. use your own words. 2. If the gasoline price remains low and the high tariff on import car in both China and U.S., what...
Baker Inc. has the following product information available for 2019: Sales price $20 per unit Variable...
Baker Inc. has the following product information available for 2019: Sales price $20 per unit Variable costs $8 per unit Fixed costs $18,000 Units produced and sold 12,000 What total sales revenue is needed in order for Baker Inc. to earn a target profit before tax of $540,000? Select one: O a. $1,150,515 O b. $1,395,000 OC. $1,062,857 O d. $ 930,000 e. $ 900,000 f. $ 334,800 O
Calculate the following information for Rudolph's Snowmobile Rentals Ine Total fixed costs Unit sales price Unit...
Calculate the following information for Rudolph's Snowmobile Rentals Ine Total fixed costs Unit sales price Unit variable cost $7,800 $200 per hour S 50 per hour a) Compute the contribution margin per rental hour. Sales Vaviabit cost b) Compute the contribution margin ratio. c) Compute the break-even point in hours. d) Compute the break-even point in sales dollars. e) Calculate the hours needed to earn S29,700 in operating income. ie sales price to $180 and has no changes itn vaniable...
The following table presents sales forecasts for Golden Gelt Giftware. The unit price is $40. The...
The following table presents sales forecasts for Golden Gelt Giftware. The unit price is $40. The unit cost of the giftware is $30. Year Unit Sales 36,000 44,000 13,000 7,000 Thereafter It is expected that net working capital will amount to 20% of sales in the following year. For example, the store will need an initial (Year O) investment in working capital of 20 36,000 $40 = $288,000. Plant and equipment necessary to establish the giftware business will require an...
Sales price per unit Total Fixed Costs Variable cost per unit $45 $1,500,00 0 $30 How many units does the company have to sell to break even? How much of sales dollar does the company have to make to break even? The company targets to make $500,000 in profit. How many units does the company have to sell to make this target? (round to the nearest integer) Assume that the income tax rate is 20%. How many units does the...
Spartan Systems reported total sales of $480,000, at a price of $30 and per unit variable expenses of $21. for the sales of their single product. Per Unit Total $480,000 336,000 Sales Variable expenses $30 Contribution margin 144,000 Fixed expenses 118,000 Net operating Income $26,000 What is the amount of contribution margin if sales volume increases by 40%? (Round your intermediate calculations to 2 decimal places and your final answer to the nearest whole number.) $175,500 O $34,500 O $201,600...
show work plz
Sales price per unit $90.00 Variable cost per unit $50.00 Total fixed costs $250,000 After-tax income $48,450 Tax rate 40% Unit sales volume for the company must have been: A. 8,527 B. 9,149 C. 8,269
Product A has a sales price of $40 per unit, $15 of variable costs and requires 1/2 hour of machine time to be produced.If machine time is a limited resource, what is the contribution margin per limited resource? 20 30 50 80
Requirement 1. What is the budgeted sales price per unit? The budgeted sales price per unit is $ 3.40. Requirement 2. What is the budgeted variable expense per unit? The budgeted variable expense per unit is $ 1.80 . Requirement 3. What is the budgeted fixed cost for the period? The budgeted fixed cost for the period is $ 69,000 Requirements 4 and 5. Compute the master budget variances. Be sure to indicate each variance as favorable (F) or unfavorable...
Baker Inc. has the following product information available for 2019: Sales price $20 per unit Variable costs $8 per unit Fixed costs $18,000 Units produced and sold 12,000 What total sales revenue is needed in order for Baker Inc. to earn a target profit before tax of $540,000? Select one: O a. $1,150,515 O b. $1,395,000 OC. $1,062,857 O d. $ 930,000 e. $ 900,000 f. $ 334,800 O
Calculate the following information for Rudolph's Snowmobile Rentals Ine Total fixed costs Unit sales price Unit variable cost $7,800 $200 per hour S 50 per hour a) Compute the contribution margin per rental hour. Sales Vaviabit cost b) Compute the contribution margin ratio. c) Compute the break-even point in hours. d) Compute the break-even point in sales dollars. e) Calculate the hours needed to earn S29,700 in operating income. ie sales price to $180 and has no changes itn vaniable...
The following table presents sales forecasts for Golden Gelt Giftware. The unit price is $40. The unit cost of the giftware is $30. Year Unit Sales 36,000 44,000 13,000 7,000 Thereafter It is expected that net working capital will amount to 20% of sales in the following year. For example, the store will need an initial (Year O) investment in working capital of 20 36,000 $40 = $288,000. Plant and equipment necessary to establish the giftware business will require an...
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