Compute the total expected dollar sales for next period

Assignment Help Accounting Basics
Reference no: EM131539063

Question: 1. Greenspan Company management predicts $500,000 of variable costs, $800,000 of fixed costs, and a pretax income of $100,000 in the next period. Management also predicts that the contribution margin per unit will be $60. Use this information to compute the

(1) total expected dollar sales for next period and

(2) number of units expected to be sold next period.

2. What additional assumption about sales mix must be made in doing a conventional CVP analysis for a company that produces and sells more than one product?

Reference no: EM131539063

Questions Cloud

Find an example of a real project : Find an example of a real project. Feel free to use a project from your professional or personal experiences, or research.
What three basic assumptions are used in cvp analysis : Home Builders sells windows and doors in the ratio of 8:2 (windows:doors). The selling price of each window is $100 and of each door is $250.
Determine current yield on corporation bond investment : Determine the current yield on corporation bond investment they have a face value of $1040, pays 10%, and has Current price of $1290.
Strategic plan for entering a new market : The marketing director needs to submit a strategic plan for entering a new market. She knows she needs long periods of uninterrupted time.
Compute the total expected dollar sales for next period : Greenspan Company management predicts $500,000 of variable costs, $800,000 of fixed costs, and a pretax income of $100,000 in the next period.
Compute dollar sales to earn the target after-tax net income : Apollo Company management (in Exercise) targets an annual after-tax income of $840,000. The company is subject to a 20% income tax rate.
What amount of sales is needed to break even : Prepare a contribution margin income statement for Apollo Company showing sales, variable costs, and fixed costs at the break-even point.
What is the real total insurance needed using dink method : If once should die they think the funeral expense would be $16,000 what is the real total insurance needed using the DINK method?
Discuss the nature of the controversy about stop and frisk : The articles and reports available show the depth and the nature of the controversy about stop and frisk

Reviews

Write a Review

Accounting Basics Questions & Answers

  On the basis of the information above do you agree with the

complete the following two questions. submit journal entries in an excel file and written segments in an ms word

  Sandler company has 6000 units in beginning finished goods

sandler company has 6000 units in beginning finished goods. the sales budget shows expected sales to be 24000 units. if

  Shularsquos 347 grill has budgeted the following costs for

shulas 347 grill has budgeted the following costs for a month in which 1600 steak dinners will be produced and sold

  The centralized employee travel department of ohno company

the centralized employee travel department of ohno company has expenses of 210000. the department has serviced a total

  Change in the loss rate on warranty costs

A change in the loss rate on warranty costs is a: a) Change in accounting principle b) Change in accounting estimate c) Change in reporting entity D) Error correction.

  Gainer corporation makes a mechanical stuffed alligator

gainer corporation makes a mechanical stuffed alligator that sings the mexican national anthem. the following

  Prairie dunes co issues bonds dated january 1 2011 with a

prairie dunes co. issues bonds dated january 1 2011 with a par value of 860000. the bonds annual contract rate is 10

  During the year summit produces 50000 snow shovels and

summit manufacturing inc. produces snow shovels. the selling price per snow shovel is 30. there is no beginning

  Using the high-low method estimate the variable and fixed

speedy parcel service operates a fleet of delivery trucks in a large metropolitan area. a careful study by the companys

  Uses the average cost method of pricing inventory

Uses the average cost method of pricing inventory.

  Product-cost cross-subsidizations

Product-cost cross-subsidizations more likely to occur when:

  A supplier offers to make the lamp shades at a price of

schopp inc. has been manufacturing its own shades for its table lamps. the company is currently operating at 100 of

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!

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