Find what budgeted operating income for thompson company

Assignment Help Accounting Basics
Reference no: EM132779604

Problem 1: Thompson Company makes and sells power tools. The budgeted sales are $450,000, the budgeted variable costs are $150,000, and the budgeted total fixed cost is $230,000. What is the budgeted operating income?

a. $70,000
b. $73,000
c. $567,000
d. $300,000
e. $220,000

Reference no: EM132779604

Questions Cloud

How do compute the pension expense for the year : Compute the pension expense for the year 2019. Defined benefit obligation at January 1, 2019 700,000. Plan assets at January 1, 2019 640,000
Draw a cal of your portfolio on expected return : Draw a CAL of your portfolio on expected return/ standard deviation diagramstandard deviation is 18.9% expected return is 14%
Calculate the amount of interest paid for option : Calculate the amount of interest paid for each option. How much does the buyer save in interest with the 20% year option?
How should the intangible asset be initially recognized : How should the intangible asset be initially recognized? What is the appropriate subsequent measurement basis (i.e., measurement model) of the recognised asset
Find what budgeted operating income for thompson company : Find What is the budgeted operating income? Thompson Company makes and sells power tools. The budgeted sales are $450,000, the budgeted variable
How much is saved in interest : In terms of paying less in interest, which is more economical for a 150,000 mortgage: a 30 year fixed at 8% or a 20 year fixed rate at 7.5%?
Find what are the journal entries at december : Find What are the journal entries at December 31, 2019 and December 31, 2020 to record depreciation for each year under the depreciation methods?
Economic sustainable development for the countries : Would financial institutions strengthen of weaken the economic sustainable development for the countries like Pakistan? Support you answer with suitable example
Prepare the journal entry on december for issuance of shares : Prepare the journal entry on December 31, 2020, for the issuance of shares to Adams. Each full-time employee with a minimum of one year's service

Reviews

Write a Review

Accounting Basics Questions & Answers

  Indicate the value that government should assign to assets

It purchased new construction equiotment. List price was $400,000, but the city was granted a 10 percent "government discount."

  Estimate the amount of manufacturing overhead cost

Amfac Company manufactures a single product. For both March and June, estimate the amount of manufacturing overhead cost added to production

  What amount of these expenditures can holly deduct

After a business meeting with a prospective client, Holly took the client to dinner and the theatre. What amount of these expenditures can holly deduct

  Give examples of how your two selected components of

internal controls are required to safeguard assets and to ensure ethical business practices. 1 identify and explain the

  Prepare journal entries to record the transactions for the

sovereign millwork ltd. produces reproductions of antique residential moldings at a plant located in manchester

  What amount should be recognized as share premium

What amount should be recognized as share premium on December 31, 2020 if the supplier has chosen the share alternative

  The robinson company has the following current assts and

the robinson company has the following current assts and curent liabilities for these years

  What is the total annual interest on the current credit card

You currently have a credit card that charges 15.99% interest. You usually carry a balance of $500. You receive an offer for a new credit card with a teaser.

  Determine scotts net capital gain or net capital loss

Based on the information above, determine Scott's net capital gain or net capital loss for the year ended 30 June of the current tax year.

  Compute sportwear accounts receivable turnover ratio

Compute Columbia Sportwear's accounts receivable turnover ratio for the year ended December 31, 2011. (Assume that all sales are on credit.)

  Discussing options for surgical procedures

When the words, robotic surgery, are presented when discussing options for surgical procedures most people begin to feel a sense of anxiety of the unknown and references to a world of science fiction that is thought to only exist in planets beyond..

  Problem related to standard deviation of returns

Security A has an expected rate of return of 6%, as standard deviation of returns of 30%, a correlation coefficient with the market of -0.25, and a beta coefficient of -0.5. Security B has an expected return of 11%, a standard deviation of returns..

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