User Account

All Pages

Calculate the company net income

Assignment Help Accounting Basics
Reference no: EM133039832

Question - Classy Canines manufactures designer dog collars. The following information pertains to the product:

Selling price per dog collar: $30

Variable costs per dog collar: $18

Total fixed operating costs: $327,000

Quantity expected to be sold: 65,000

Required -

a) Calculate the contribution margin if 65,000 collars are sold.

b) Calculate the net income at the current volume of 65,000.

c) If Classy Canines sells only 45,000 dog collars due to a new competitor, calculate the company's net income.

d) Calculate the break-even point in units.

Reference no: EM133039832

Questions Cloud

Explain vygotsky sociocultural theory : Explain Vygotsky's sociocultural theory and then conduct some research to explain how Vygotsky's theory differs from Piaget's cognitive development theory.
What the value of the inventory at the end of the month : The information below reflects all the inventory transactions for one month. Jan. 30 - Sold 115 units for $30 each. What the value of the inventory at the end
Hardware stores in regional nsw : Amanda and Emilia are co-directors and members of Griffin Pty Ltd, which imports widgets from Vietnam and sells them in various hardware stores in regional NSW.
Calculate and explain on the expected rate of return : You are required to calculate and explain on the expected rate of return, standard deviation of individual investment asset
Calculate the company net income : If Classy Canines sells only 45,000 dog collars due to a new competitor, calculate the company's net income
What are the external environment : What are the external environment [industry], and internal resources/capabilities using appropriate tools such as Five Forces, PESTEL, SWOT on Netflix Strategy
Identify the differences between ethics and morals : 1. Define what a code of ethics is. 2. Identify the basic fundamentals that are necessary in a code of ethics.
Role of gender in nonverbal communication : What is the role of gender in nonverbal communication? Can you give an example(s) of how the differences between genders play out in nonverbal communication?
Prepare quarterly direct materials purchases budgets : Finished units of production require 6 pounds of raw material per unit. The raw material cost is $7 per pound. Make quarterly direct materials purchases budgets

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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