Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Question - Contribution Income Statement and Operating Leverage - Florida Berry Basket harvests early-season strawberries for shipment throughout the eastern United States in March. The strawberry farm is maintained by a permanent staff of 10 employees and seasonal workers who pick and pack the strawberries. The strawberries are sold in crates containing 100 individually packaged one-quart containers. Affixed to each one-quart container is the distinctive Florida Berry Basket logo inviting buyers to "Enjoy the berry best strawberries in the world!" The selling price is $100 per crate, variable costs are $70 per crate, and fixed costs are $271,000 per year. In the year 2008, Florida Berry Basket sold 45,000 crates.
Required -
(a) Prepare a contribution income statement for the year ended December 31, 2008.
(b) Determine the company's 2008 operating leverage.
(c) Calculate the percentage change in profits if sales decrease by 10 percent.
(d) Management is considering the purchase of several berry-picking machines. This will increase annual fixed costs to $371,000 and reduce variable costs to $67.50 per crate. Calculate the effect of this acquisition on operating leverage and explain any change.
Post the July 31, 2018 adjusting journal entries to the accounts opened. Round all amounts to the nearest dollar. Use months (as opposed to actual days)
Determine the amount of the impairment loss and Determine the amount of the impairment loss assuming that the estimated undiscounted sum of future cash flows
The account payable for office furnishings purchased
SMDC and DMCI formed a joint operation, If DMCI carries the equipment at Carrying Value, what is the entry in the book of DMCI with respect to the contribution?
ExxonMobil 20-year bonds pay 9 percent interest annually on a $1,000 par value. If bonds sell at $945, what is the bonds' expected rate of return
The fair value of the services is not readily determinable and the note is not readily marketable. Determine the present value of the note
Kordel Inc. acquired 75% of the outstanding common stock of Raxston Corp. Raxston currently owes Kordel $500,000 for inventory acquired over the past few months.
In the year 2012, Utica Construction Company contracted to build a warehouse for $6,000,000. Data relating to the contract are as follows.
The company is currently selling 2,000 units per month. Fixed expenses are $131,000 per month. The marketing manager believes that an $18,000 increase.
Make any adjustments as necessary. Opening Inventory is $6400.00 and the Ending Inventory $4,800.00. Are adjustments necessary in this situation?
Question - A 10-year 8% coupon bond currently sells for $90. A 10-year 4% coupon bond currently sells for $80. What is the 10-year zero rate
Journalize the payment of the monthly wages, and record the payrolltaxes
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd