User Account

All Pages

Construct a projected p-l statement at volume levels

Assignment Help Financial Accounting
Reference no: EM133126378

Question - Taxes are assumed to be 30%.

Projections for 1st Year of Operations

Revenues (10,000 visits) $ 500,000

Wages and benefits $ 220,000

Rent $ 5,000

Depreciation $ 30,000

Utilities $ 2,500

Medical supplies $ 60,000

Administrative supplies $ 10,000

P&L Statement

Revenues $500,000

VC

Medical Supplies $60,000

Admin. Supplies $10,000

Fixed Cost

Wages & Benefits $220,000

Rent $5,000

Depreciation $30,000

Utilites $2,500

Total Costs $327,500

Taxible Income $172,500

Taxes $51,750

Profit $120,750

1. Construct a projected P&L statement at volume levels of 7,000 units. What would be the total revenues for this projected volume of 7,000 units?

2. What would be the total variable cost for a volume of 6,000 units?

3. What would be the total fixed costs for a volume of 10,000 units, 13,000, and 15,000 units?

4. What is the taxable income for a volume of 13,000 units?

5 What is the profit for a volume of 22,000 units?

Reference no: EM133126378

Questions Cloud

Exchange rate between the canadian dollar : The appropriate formula for the task described below is (3-2) on page 69 of your textbook.
How does this income affect m basis in the stock : The following year, the corporation reported ordinary income of $70,000 and made no distributions. How does this income affect M's basis in the stock
Overview of the evolution : Economists have expressed a wide range of opinions on how wages are set. Give an overview of the evolution and most important developments? From mercantilism, p
Explore the width of the chz for other stars : Let's explore the width of the CHZ for other stars. Complete the table below for stars with a variety of masses.
Construct a projected p-l statement at volume levels : Construct a projected P&L statement at volume levels of 7,000 units. What would be the total revenues for this projected volume of 7,000 units
Draw and label the new equilibrium : Draw and label the equilibrium before lock-down in the beer market. Draw and label the new equilibrium. What happened to quantity traded and price?
Professor richard david wolff : Why do you think China can solve social problems like the Covid-19 pandemic more effectively than the US because of the system they used, as explained by Profes
What new cash dividend per share amount will result : b. What new cash dividend per share amount will result in the same total dividend income as you received before the stock split
What is the probability that it is new : If the account is overdue, what is the probability that it is new? If the account is new, what is the probability that it is overdue

Reviews

Write a Review

Financial Accounting Questions & Answers

  Stock investment transactions

On March 20, 10,000 shares of Thorlite Company are acquired at a price of $30 per share plus a $250 brokerage fee. On May 30, a $0.25-per-share dividend was received on the Thorlite Company stock. On June 15, 5,000 shares of the Thorlite Company stoc..

  Calculate the expected return of each of the stocks

Calculate the Expected Return of each of the following stocks. The risk free rate of return is 4.2% and the market rate of return is 13.6%.

  What amount of loss should hart recognize on the redemption

Hart amortizes discounts, premiums, and bond issue costs using the straight-line method. What amount of loss should Hart recognize on the redemption of these bo

  Flowcharting and business process diagram conventions

Proper application of flowcharting and business process diagram conventions. Understand the case and demonstrate it by properly configuring entities, documents and flow of documents.

  Determine the available cash flow

Accounts payable is expected to increase by $ 3 million, accruals to total $ 2 million, and obligations to increase to $ 6 million. Determine the available cash

  What was total percentage return on the investment

dividends of $1.25 per share. Today, you sold your stock at a price of $48.69 per share. What was total percentage return on the investment?

  Establish retirement plan

Benedict is 37 years old and would like to establish a retirement plan. Develop a spreadsheet model that could be used to assist Benedict with retirement planning. Benedict’s expected annual expenses after retirement (current dollars) = $90,000 Rate ..

  Properly target the most lucrative part of a market

Describe the marketing processes that are necessary before an organisation can properly target the most lucrative part of a market.

  Calculate the annual depreciation expense

The estimated salvage value is $5,000 at the end of its 10-year life. Calculate the annual depreciation expense using the Straight-Line method

  Compute how much will your monthly payment be

The annual interest rate is 4.21% for a 5-year loan. Compute how much will your monthly payment be

  Discuss about the risk assessment model

Discuss about the Risk Assessment Model and provide your understanding on why companies would need to use this type of a model or matrix.

  Net present value if the cost of capital

What is the net present value if the cost of capital is 12 percent? Use the time value of money charts for your calculations. (Ignore income taxes.) Round your answer to the nearest whole number.

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