Reference no: EM132738029

Question 1: Ocean City Kite Company manufactures & sells kites for $9.00 each. The variable cost per kite is $2.00 with the current annual sales volume of 65,000 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.)

Question 2: Ocean City Kite Company sells kites for $8.00 per kite. In FY 2019, total fixed costs are expected to be $210,000 and variable costs are estimated at $4.00 a unit. Ocean City Kite Company wants to have a FY 2019 operating income of $50,000. 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)

Question 3: Adelphi Company has budgeted activity for March to reflect net income $115,000. All sales are credit sales. Receivables are planned to increase (decrease -) by $-39,000 payables to increase (decrease -) by $13,000 and Depreciation Expense is $58,000. 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.)

Question 4: During FY 2018, Adelphi Company reported sales of $400,000, a contribution margin of $10.00 per unit, fixed costs of $125,000, and net income of $40,000. Use this information to determine the number of units Adelphi sold during FY 2018. (Round answer to nearest whole number)