Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Lobo, International has two divisions, Manufacturing and Retail which had the following operating results over the last two years:
Manufacturing
Division
Retail Division
Year 1
Year 2
Sales (in units)
5,000
6,500
2,000
2,400
Sales (in dollars)
$400,000
$520,000
$250,000
$300,000
Less cost of goods sold
290,000
353,000
160,000
192,000
Gross margin
110,000
167,000
90,000
108,000
Less selling and administrative expenses
50,000
59,000
52,000
56,000
Net operating income
$ 60,000
$108,000
$ 38,000
$ 52,000
Assume that the cost structure in each division above did not change over the two years. Use the high-low method as needed to estimate variable and fixed expenses.
Required:
a. Calculate the break-even point in sales dollars for each division.
b. Calculate the degree of operating leverage for the Manufacturing Division for each year.
As the economy emerged from the most recent recession, household income rose by 6%. Over the same period, total expenditures on beef increased by 3%. Assuming that all other economic variables were held constant,
Why is there a need to measure organizational performance and discuss the appropriateness of the use of ROI, RI, and EVA as performance measures.
tark company a 90 percent owned subsidiary of parker inc. sold land to parker on may 1 2010 for 80000. the land
calculation of overhead variances.overhead variancesconsider the following data for the rivera companyfactory
y excess of cost over fair value was attributed to goodwill, which has not been impaired. Emery Co. reported net income of $400,000 for 2011, and paid dividends of $200,000 during that year. Illustrate what is the amount of the excess of purchase p..
Prepare the entry to record the conversion on October 1, 2011. Assume that the entry to record amortization of the bond premium and interest payment has been made.
What are the ethical considerations that Kravetz faces in answering the auditors question? How should she respond to the question.
The original cost of the first machine was $200,000 and the original cost of the second was $140,000. The firm’s tax rate is 40%. Compute net investment for this project.
module 11 what are the maturities on intels long-term debt?2 what are intels projected obligations on long-term debt
What are the two approaches to accounting for inventory that were covered in the course and which inventory method is the bookshop using and which method is the fruit and vegetable stall using?
What is total amount of Revenue from Long-Term Contracts recognized for 2010 and what is the balance in the Accounts Receivable account assuming Cannon Cafe has not yet made its last quarterly payment?
On November 10 of the current year, Flores Mills provides services to a customer for $8,000 with credit terms 2/10, n/30. The customer made the correct payment on November 17. How would Flores record the collection of cash on November 17?
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd