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Aldovar Company produces a variety of chemical. One division makes reagents for laboratories. The division's division projected income statement for the coming year is: Sales (203,000 units @ $70) $14,210,000 Total variable cost 8,120,000 Contribution margin 6,090,000 Total fixed cost 4,945,500 Operating income 1,144,500 1. Compute the contribution margin unit, and calculate the break-even point in units (notes: round answer to the nearest unit.) Calculate the contribution margin ratio and the break-even sales revenue to the nearest dollars. 2. The divisional manager has decided to increase the adverting budget by $250,000. This will increase sales revenue by $1 million. By how much will operating income increase or decrease as a result of this action? 3. Suppose sales revenue exceed the estimated amount on the income statement by $1,500,000. Without preparing a new income statement, by how much are profits underestimated? 4. Compute the margarine of safety based on the ordinary income statement. 5. Compute the degree of operations Leverage a on the ordinary statement. It revenue or 8% greater than expected, what is the percentage increase in operating income? (note: round operating leverage to two decimal places.)
Professional standards require independence in fact and appearance in regards to assigning auditors to engagements. Briefly define the terms in fact and appearance. What are the ethical implications and rationale for these auditing procedures?
At a sales level of $441,000, James Company's gross margin is $15,000 less than its contribution margin, its net operating income is $49,000, and its selling and administrative expenses total $112,400. At this sales level, its contribution margin ..
Given the probability of the required contingency payment and utilizing a 4% discount rate, the expected present value of the contingency is $5. Compute consolidated buildings at date of acquisition
During the fiscal year of June 2012, Lincoln General Hospital, a not-for-profit healthcare organization, had the following revenue-related transactions.
Kim is measuring her retirement plan. Assume she has $500,000 when she retires in an account that earns at an effective annual rate of 9%.
What are two important characteristics that determine the issuance price of a bond?
A machine costing $210,400 with a four-year life and an estimated $20,000 salvage value is installed in Luther Company's factory on January 1.
In providing accounting services to small businesses, you encounter the following situations pertaining to cash sales. Prepare the entries to record the sales transactions and related taxes for (a) Grainger Company and (b) Darby Company.
assume that you are a manager and you have three potential capital investment projects to choose from. funds are
Fred Jones owns 56 shares of the Robust Corporation's stock. Robust announces a 3 for 2 stock split. How many shares will Fred have after this split.
On december 15, 2010 pascal declared a cash dividend of $2.00 per share to stockholders of recordon december31. The dividend is payyable on january 15 2011 pascal has issued 1,000,000 shares of common stock, of which 50,000 shares are held in trea..
Olga, a cash basis taxpayer, sold a corporate bond with accrued interest of $300 for $10,000. Olga's cost of the bond was $10,000. What is her gross income for tax purposes?
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