Reference no: EM13852795

Please book following transactions, and ratios, and compute breakeven's

1 1-Mar Purchase _____inventory on account equal to 125% of projected sales @ cost

2 2-Jan Settle ____128,100 accounts payable

3 31-Mar Record rent expense

4 3-Mar Record ___revenue,______COGS for transaction is ____based on sales forecast

5 8-Mar Receive ______ 58,400.00 against accounts receivable

6 31-Mar Pay _______ 12,867.75 cash for marketing expense

7 31-Mar Pay________ 10,417.68 administrative expense in cash

8 31-Mar Pay _______ 18,270.0 cash for r & d expense

9 28-Feb Record _______ 300 supplies expense

10 31-Mar Book depreciation

11 31-Mar Record income tax expense on account at 0.35

12 31-Mar Settle income tax payable from previous month

13 31-Mar Make payment on note, record interest, amortization: Note 1

14 31-Mar Make payment on Note 2: Annual rate .09, interest accrued 1 month

Note increased by 1 month's interest prior to amortization over 24 months

15 31-Mar Make payment on Note 2: Annual rate .09, interest accrued 1 month on second note, record interest, amort.

16 Investments in Available for Sale Securities _______ 80,000.00 in cash

Securities worth ______ 79,400.00 at month end

17 31-Mar Dividend _______ 8000

1. U.S. Thunder Corp. is contemplating the following sales mix scenario for the next period.

Please complete the following templates:

a. Selling price & GM (.50)
b. Markup % (.50)
c. Revenue, COGS, GM template (1.0)

If Thunder increases its price by 10% on each item, how much of a volume decrease could it sustain before falling before the original profit level?

Attachment:- Accounting.xlsx