Calculate next year net income in dollar

Assignment Help Financial Accounting
Reference no: EM13144788

Cartel Company has sales of 1,000 units at $50 a unit. Variable expenses are 30% of the selling price and total fixed expenses are $30,000. If Cartel Company expects next year’s total sales could increase 12%, they want to know how this change affects their profit. Calculate next year’s net income in dollar, using DOL, and show DOL.

Reference no: EM13144788

Questions Cloud

Find probability that sample mean waiting time will exceed : If these two assumptions are correct, then what is the probability that the sample mean waiting time,T, based on your random sample of size n=36, will exceed 104 hours?
Determining whether zippy carries this allele : If your dog is heterozygous for the allele, it will not be possible to use him for stud, since the genetic defect may be passed on. How would you go about determining whether Zippy carries this allele?
Problem related to incurred normal spoilage : In manufacturing its products for the month of September 2010, El Dorado Corporation incurred normal spoilage of $7,000 and abnormal spoilage of $3,000. How much spoilage cost should El Dorado charge as inventoriable for the month of September 201..
What is the pressure of the gas : a sample of HCI is placed in a 256ml flask where it exerts a force of 67.5 mmHg. What is the pressure of the gas if it is transfered to a 135mL flask?
Calculate next year net income in dollar : If Cartel Company expects next year’s total sales could increase 12%, they want to know how this change affects their profit. Calculate next year’s net income in dollar, using DOL, and show DOL.
Confidence interval for proportion voting against proposal : Vote against a proposed pay increase. 320 would vote FOR while 1280 would vote against the proposal. Construct a 95.44% confidence interval for the proportion voting against the proposal.
Calculate dans basis in his partnership interest at the end : Calculate Dans basis in his partnership interest at the end of the tax year. What items should dan report on his Federal income tax return
Determine the amount of the impairment loss : Determine the amount, if any, of the impairment loss that El Dorado must recognize on these assets.
How much gain or income will joan recognize on contribution : How much gain or income will Joan recognize on his contribution of the land to the partnership? What is the character of any gain or income recognized?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd