User Account

All Pages

Calculate the operating profit margin

Assignment Help Accounting Basics
Reference no: EM133031542

Question - You are working as a finance manager for BCF Ltd. The following data is available for the company as of 31 June 2020:

Sales: 1,986,500

Cost of goods sold: $752,000

Other operating expenses: $125,000

Interest payment: $48,000

Corporate Tax: 35%

Required -

-The company's Management Board required you to prepare a report about working capital management of the company. What are the balance sheet items will you need to discuss in the report?

-Calculate operating profit, tax payment and build an income statement for the company?

-Calculate the operating profit margin (OPM) and total assets of the company given total assets turnover is 1.5?

-What is inventory turnover of the company, given average inventory is $77,000?

Reference no: EM133031542

Questions Cloud

Green wardrobe and linens : Discussing issues related to "Green Wardrobe and Linens". Based on your readings or something you've seen in the news or maybe something that you are already do
What is the after-tax income : Question - Hank, a calendar-year taxpayer, uses the cash method of accounting for his sole proprietorship. What is the after-tax income
Determine the impairment loss : X estimate the selvage value of the building as 6 million and the park as 2 million. Both useful life are 50 years. Determine the impairment loss
What is used to determine the value of research : What 'exploration' did Brain Savvy do to arrive at the conclusion that research would be valuable?
Calculate the operating profit margin : Other operating expenses: $125,000. Calculate the operating profit margin (OPM) and total assets of the company given total assets turnover is 1.5
Advantages and disadvantages of home-based business : Identify the major advantages and disadvantages of having a home-based business. Discuss the major considerations for the "site" of a retail business.
How have the broadcasting rights of ohio state : How have the broadcasting rights of Ohio State and Rutgers Football game generated exposure for College Football and/or The Big Ten as a whole?
What percentage of students received a high distinction : Question - A lecturer summarised the test grades for their class in the following frequency table. What percentage of students received a high distinction
Identify needs for early childhood education : Do our current Congressional leaders and President have received information from advocacy groups to identify needs for early childhood education or increased s

Reviews

Write a Review

Accounting Basics Questions & Answers

  What is amount of sales dollars needed to reach this target

If Buttermilk desires a target operating income of $150,000, what is the amount of sales dollars needed to reach this target

  On march 1 2009 eckert and kelley formed a partnership

on march 1 2009 eckert and kelley formed a partnership. eckert contributed 83000 cash and kelley contributed land

  The central accounting association held its annual public

problem 22-28a analyzing not-for-profit entity variancesthe central accounting association held its annual public

  Employee salary reduction contributions

Which of the following are true of contributions to a SIMPLE IRA? (1) employee salary reduction contributions are subject to FICA (2) eligible employees may make catch-up contributions of $5,000 in 2011 (3)

  What is the total relevant cost to make jy-sixty five

Palisades Corporation's Midwest Division manufactures. What is the total relevant cost to make JY-65? What is the total relevant cost to purchase JY-65?

  Rachels recordings reported net income of 200000 beginning

rachels recordings reported net income of 200000. beginning balances in accounts receivable and accounts payable were

  What major characteristics differentiate intangible assets

what is..... please define and describe in detail the term intangible asset. what major characteristics differentiate

  From the foregoing information prepare an income statement

the financial records of leroi jones inc. were destroyed by fire at the end of 2014. fortunately the controller had

  Discuss the diversified portfolio corporation

Prepare a statement of cash flows for 2016 for the Diversified Portfolio Corporation. Use the direct method for reporting operating activities

  During may mason company incurs 1900 hours of direct labor

during may mason company incurs 1900 hours of direct labor at an hourly cost of 9.75 in producing 1000 units of its

  How would you begin the given process

How would you begin this process? Who might you need to talk with at the company and what questions might you need to ask them?

  Compute the efficiency variances for direct labor

You decide to look at your sales for a typical day. You find that the parlor used 390 pounds of ice cream, Compute the efficiency variances for direct labor

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