Reference no: EM132350569
Question - Ocean City Kite Company manufactures & sells kites for $6.00 each. The variable cost per kite is $2.50 with the current annual sales volume of 80,000 kites. This volume is currently Ocean City Kite's breaking even point. Use this information to determine the dollar amount of Ocean City Kite Company's fixed costs. (Round dollar value to the nearest whole dollar & enter as whole dollars only.)
Ocean City Kite Company sells kites for $8.50 per kite. In FY 2019, total fixed costs are expected to be $195,000 and variable costs are estimated at $3.50 a unit. Ocean City Kite Company wants to have a FY 2019 operating income of $75,000. Use this information to determine the number of units of kites that Ocean City Kite Company must sell in FY 2019 to meet this goal. (Round your answer to a whole number)
Adelphi Company has budgeted activity for March to reflect net income $170,000. All sales are credit sales. Receivables are planned to increase (decrease -) by $3,000 payables to increase (decrease -) by $-17,000 and Depreciation Expense is $48,000. Use this information to determine how much cash will increase (decrease) during the month of March. (Decreases in accounts receivable or accounts payable will have a negative sign in front of number. Round & enter final answer to the nearest whole dollar.)
During FY 2018, Adelphi Company reported sales of $400,000, a contribution margin of $9.00 per unit, fixed costs of $150,000, and net income of $35,000. Use this information to determine the number of units Adelphi sold during FY 2018. (Round answer to nearest whole number)
|
Calculate the number of equivalent units for material costs
: The Phelan Company had 14,000 units in beginning work in process, 60% complete. Calculate the number of equivalent units for Material costs
|
|
What is the ending balance of accounts receivable for March
: What is the ending balance of accounts receivable for March, assuming uncollectibles are "written off" at the end of the second month
|
|
Failures related to IT in different firms
: Review strategies, successes, and failures related to IT in different firms. Synthesize this knowledge into a concise "problem statement,"
|
|
How system software is different from application software
: Define software. Explain how system software is different from application software. Define structured analysis and systems analysis life cycle (SDLC).
|
|
Determine the number of units Adelphi sold
: During FY 2018, Adelphi Company reported sales of $400,000, a contribution margin of $9.00 per unit, Determine the number of units Adelphi sold
|
|
What exchange rate should have been used in translating
: Darron's functional currency was the stickle (§). What exchange rate should have been used in translating Darron's revenues and expenses for 2018
|
|
Family educational rights and privacy act
: Choose either Children's Online Privacy Protection Act (COPPA), the Children's Internet Protection Act (CIPA), the Family Educational Rights and Privacy Act
|
|
What was the amount of the translation adjustment
: Sinkal Co. was formed on January 1, 2018 as a wholly owned foreign subsidiary of a U.S. corporation. What was the amount of the translation adjustment
|
|
The federal information security management act
: In chapter 8 you should have read about the Federal Information Security Management Act (FISMA).
|