If you could please explain how you solved this problem it would help me understand. Thank you!
Homework Answers
Hi
Let me know in case you face any issue:
Add Answer to:
If you could please explain how you solved this problem it would help me understand. Thank...
***If you are able to explain how you get the results it would really help me....
***If you are able to explain how you get the results it
would really help me. Thank you!***
BLEMSJLI A. Net Income Planning Selected operating data for Oakbrook Company in four independent situations are shown below. A $525,000 ....................... Sales................... Variable expense ............ Fixed expense .............. Net income before tax (loss). ... Units sold Unit contribution margin ....... Contribution margin ratio ...... B $C. $405,000 $98,000 $307,000 d. $ 9.00 C $e. $ f. $47,000 $28,000 $ a. D $300,000...
Please, help me understand how to calculate this and please write legible. Thank you! Stosch Company's...
Please, help me understand how to calculate this and please write legible. Thank you! Stosch Company's balance sheet reported assets of $47,000, liabilities of $16,000 and common stock of $13,000 as of December 31, Year 1. If Retained Earnings on the balance sheet as of December 31, Year 2, amount to $22,000 and Stosch paid a $15,000 dividend during Year 2, then the amount of net income for Year 2 was which of the following? a. $19,000 b. $18,000 c....
Please show steps and include all work, thank you! Will give a very good rating Problem...
Please show steps and include all work, thank you! Will give a
very good rating
Problem 1 - Consider each of the following situations independently. Fill in the blanks with the appropriate information. 1. Units Sold Total Sales Variable Cost Variable Cost Contribution Total Fixed Net Income/ Percentage Margin per Costs (Loss) Unit 20,000 $360,000 $9.90 $40,000 per Unit Work: Total Sales Number of Units Sold Selling Price per Unit Variable Cost Per Unit Total Fixed Costs Total Contribution rgin...
If you could explain/show how you came to your answer that would be great! Listed below...
If you could explain/show how you came to your answer that would be great! Listed below are the account balances of the Grahamm Corporation: Accounts Payable $ 75,000 Cash 100,000 Common Stock 200,000 Dividends 10,000 Land 170,000 Miscellaneous Expense 10,000 Service Revenue 147,000 Equipment 130,000 Note Payable due in 90 days 60,000 Long-Term Debt 15,000 Salary Expense 87,000 Net Income (Net Loss) is: A. $60,000 B. $40,000 C. ($18,000) D. $50,000
If you could please explain how you get the answers it would really help me LO3...
If you could please explain how you get the answers it would
really help me
LO3 E2-6A. Schedule of Cost of Goods Manufactured and Sold At December 31, 2019, the end of its fiscal year, Lederman Manufacturing Corporation collected the following data for 2019: MBC ...... Materials inventory, January 1 .... Materials inventory, December 31..... Work-in-process inventory, January 1....... Work-in-process inventory, December 31 .. Finished goods inventory, January 1.. Finished goods inventory, December 31. Net delivered cost of materials purchased....
Need help finding Total Variable Expense and Contribution Margin. Please explain how to find, Thank you!...
Need help finding Total Variable Expense and
Contribution Margin. Please explain how to find, Thank
you!
Restate the following income statement for a retailer in contribution format. $ 93,000 53,940 39,060 Sales revenue ($100 per unit) Less cost of goods sold ($58 per unit) Gross margin Less operating costs: Commissions expense ($7 per unit) $ 6,510 Salaries expense 7,900 Advertising expense 6,000 Shipping expense ($3 per unit) 2,790 Operating income 23,200 $ 15,860 Sales Revenue 93000 100 Variable Expenses Cost...
Please show work. Thank you Group Problem 3 Contribution Margin Format Income Statement Morrisey & Brown...
Please show work. Thank you
Group Problem 3 Contribution Margin Format Income Statement Morrisey & Brown Ltd, of Sydney, is a merchandising firm that is the sole distributor of a product that is increasing in popularity among Australian consumers. The company's income statements for the three most recent months follow. Type July 4,000 Aug 4,500 Sept 5,000 Sales in units Sales Revenue Less Cost of Goods Sold Gross Margin $400,000 240,000 $450,000 270.000 $500,000 300,000 $160,000 $180,000 $200,000 Less Operating...
Could someone please help me answer this question? Thank you in advance. Engberg Company installs lawn...
Could someone please help me answer this question? Thank you in
advance.
Engberg Company installs lawn sod in home yards. The company's most recent monthly contribution format income statement follows: Percent of Sales 100% 40% Amount $ 126,000 50,400 75,600 16,000 $ 59,600 Sales Variable expenses Contribution margin Fixed expenses Net operating income 60% Required: 1. What is the company's degree of operating leverage? 2. Using the degree of operating leverage, estimate the impact on net operating income of a...
please help me answer part a2 by 10pm tonight. thank you!! Sunland Company produces a molded...
please help me answer part a2 by 10pm tonight. thank
you!!
Sunland Company produces a molded briefcase that is distributed to luggage stores. The following operating data for the current year has been accumulated for planning purposes. $34 Sales price Variable cost of goods sold Variable selling expenses Variable administrative expenses 10 9.0 3 Annual fixed expenses Overhead Selling expenses Administrative expenses $9.048,000 1.914,000 3,654,000 Sunland can produce 1,740,000 million cases a year. The projected net income for the coming...
Please show how you worked the problem, thank you! :) The Regal Cycle Company manufactures three...
Please show how you worked the problem, thank you! :)
The Regal Cycle Company manufactures three types of bicycles-a dirt bike, a mountain bike, and a racing bike. Data on sales and expenses for the past quarter follow: Dirt Bikes $ 268,000 120,000 Total $ 931,000 470,000 Mountain Bikes $ 409,000 197,000 Racing Bikes $ 254,000 153,000 Sales Variable manufacturing and selling expenses Contribution margin 461,000 148,000 212,000 101,000 Fixed expenses: Advertising, traceable Depreciation of special equipment Salaries of product-line...
***If you are able to explain how you get the results it
would really help me. Thank you!***
BLEMSJLI A. Net Income Planning Selected operating data for Oakbrook Company in four independent situations are shown below. A $525,000 ....................... Sales................... Variable expense ............ Fixed expense .............. Net income before tax (loss). ... Units sold Unit contribution margin ....... Contribution margin ratio ...... B $C. $405,000 $98,000 $307,000 d. $ 9.00 C $e. $ f. $47,000 $28,000 $ a. D $300,000...
Please show steps and include all work, thank you! Will give a
very good rating
Problem 1 - Consider each of the following situations independently. Fill in the blanks with the appropriate information. 1. Units Sold Total Sales Variable Cost Variable Cost Contribution Total Fixed Net Income/ Percentage Margin per Costs (Loss) Unit 20,000 $360,000 $9.90 $40,000 per Unit Work: Total Sales Number of Units Sold Selling Price per Unit Variable Cost Per Unit Total Fixed Costs Total Contribution rgin...
If you could please explain how you get the answers it would
really help me
LO3 E2-6A. Schedule of Cost of Goods Manufactured and Sold At December 31, 2019, the end of its fiscal year, Lederman Manufacturing Corporation collected the following data for 2019: MBC ...... Materials inventory, January 1 .... Materials inventory, December 31..... Work-in-process inventory, January 1....... Work-in-process inventory, December 31 .. Finished goods inventory, January 1.. Finished goods inventory, December 31. Net delivered cost of materials purchased....
Need help finding Total Variable Expense and
Contribution Margin. Please explain how to find, Thank
you!
Restate the following income statement for a retailer in contribution format. $ 93,000 53,940 39,060 Sales revenue ($100 per unit) Less cost of goods sold ($58 per unit) Gross margin Less operating costs: Commissions expense ($7 per unit) $ 6,510 Salaries expense 7,900 Advertising expense 6,000 Shipping expense ($3 per unit) 2,790 Operating income 23,200 $ 15,860 Sales Revenue 93000 100 Variable Expenses Cost...
Please show work. Thank you
Group Problem 3 Contribution Margin Format Income Statement Morrisey & Brown Ltd, of Sydney, is a merchandising firm that is the sole distributor of a product that is increasing in popularity among Australian consumers. The company's income statements for the three most recent months follow. Type July 4,000 Aug 4,500 Sept 5,000 Sales in units Sales Revenue Less Cost of Goods Sold Gross Margin $400,000 240,000 $450,000 270.000 $500,000 300,000 $160,000 $180,000 $200,000 Less Operating...
Could someone please help me answer this question? Thank you in
advance.
Engberg Company installs lawn sod in home yards. The company's most recent monthly contribution format income statement follows: Percent of Sales 100% 40% Amount $ 126,000 50,400 75,600 16,000 $ 59,600 Sales Variable expenses Contribution margin Fixed expenses Net operating income 60% Required: 1. What is the company's degree of operating leverage? 2. Using the degree of operating leverage, estimate the impact on net operating income of a...
please help me answer part a2 by 10pm tonight. thank
you!!
Sunland Company produces a molded briefcase that is distributed to luggage stores. The following operating data for the current year has been accumulated for planning purposes. $34 Sales price Variable cost of goods sold Variable selling expenses Variable administrative expenses 10 9.0 3 Annual fixed expenses Overhead Selling expenses Administrative expenses $9.048,000 1.914,000 3,654,000 Sunland can produce 1,740,000 million cases a year. The projected net income for the coming...
Please show how you worked the problem, thank you! :)
The Regal Cycle Company manufactures three types of bicycles-a dirt bike, a mountain bike, and a racing bike. Data on sales and expenses for the past quarter follow: Dirt Bikes $ 268,000 120,000 Total $ 931,000 470,000 Mountain Bikes $ 409,000 197,000 Racing Bikes $ 254,000 153,000 Sales Variable manufacturing and selling expenses Contribution margin 461,000 148,000 212,000 101,000 Fixed expenses: Advertising, traceable Depreciation of special equipment Salaries of product-line...
Most questions answered within 3 hours.
-
could someone please post clear drawings of the three structures
in the equilibrium mixture of D-glucose...
asked 2 minutes ago -
Using the Properties of Order show that 5n5 +
4n4 + 6n3 + 2n2+ n +...
asked 6 minutes ago -
What is experiential learning and how is it helpful for teaching
leadership, and interpreting group dynamics?...
asked 5 minutes ago -
A security awareness policy defines the responsibilities of
managers and information owners.
True
False
asked 7 minutes ago -
which is the equilibrium expression for the reaction
3A(g)+4B(g)<---> 2C(g)+5D(g)
asked 8 minutes ago -
Create a balanced compensation plan that you feel would
encourage a restaurant manager to be more...
asked 15 minutes ago -
Re: Human Physiology
Comment on the differences between representing V02 max as an
absolute number and...
asked 18 minutes ago -
A firm with a WACC of 10% is considering the following mutually
exclusive projects:
0
1...
asked 22 minutes ago -
. A 100.0 mL sample of 0.18 M HClO4 is titrated with 0.27 M
LiOH. Determine...
asked 45 minutes ago -
A regression equation that describes the relationship between
the amount of the bill ($) at a...
asked 1 hour ago -
exercise on VSEPR and molecular structrue.
octahedral
SeCl62-
TeCl62-
ClF62-
distorted
SeF62–
IF6–
asked 2 hours ago -
284 mL of a 0.52 M potassium hydroxide solution is added to 467
mL of a...
asked 2 hours ago