User Account

All Pages

How much is the current operating income of the company

Assignment Help Accounting Basics
Reference no: EM133178006

Question - Yang Inc. produces only one product, berry baskets, which it sells for P72 each. Unit variable costs are P32 and total fixed expenses are P15,000. Actual sales for the month of June totaled 2,000 units.

Required -

1. How much is the current operating income of the company?

2. Compute the break-even point in peso and in units

3. To attain an after tax profit of P40,000 with a tax rate of 20%, the number of units to be sold will be?

4. Compute the margin of safety in units and peso for the company for June.

5. Compute the degree of operating leverage for the month of June.

6. If the company is expecting for units sale to increase by 20% in July, what is the expected operating income?

Reference no: EM133178006

Questions Cloud

Make the adjusting entry at end of january should in clude : Alladin company paid $600 rent to cover six months (January-june) Make the adjusting entry at end of January should in clude
Explain asset misappropriation fraud schemes : Explain asset misappropriation fraud schemes, cash receipts schemes and cash disbursement schemes in terms of the three prongs of the fraud triangle
How much does he need to put aside each month : He believes that an annual interest rate of 5% is a reasonable estimate. How much does he need to put aside each month
Calculate the solvency and liquidity ratios : Calculate the solvency and liquidity ratios of Tourism Phambili Group for 2020. Has the impact of Covid-19 impacted the ability of the company
How much is the current operating income of the company : Yang Inc. produces only one product, berry baskets, which it sells for P72 each. How much is the current operating income of the company
Find out the rate of depreciation under straight line method : A company purchased a plant for Rs. 50,000. The useful life of the plant is 10 years and residual price is Rs. 10,000. Find out the rate of depreciation
Prepare journal entries to record above transactions : On October 29, Lobo Company began operations by purchasing razors for resale. Prepare journal entries to record above transactions and adjustments
What would you expect the nominal rate of interest : Question - What would you expect the nominal rate of interest to be if the real rate is 4.4 percent and the expected inflation rate is 6.7 percent
Do company cash budget for the upcoming fiscal year : The company's beginning cash balance for the upcoming fiscal year will be $22,000. Do company's cash budget for the upcoming fiscal year

Reviews

Write a Review

Accounting Basics Questions & Answers

  Record the entry on the declaration date

Malave's Corporation declares a 12% stock dividend on its 85,000 shares of $7 par value common stock. Record the entry on the declaration date

  Compute the earnings per share of common stock

Ziegler Corporation reports net income of $225,000 and Compute the earnings per share of common stock

  Arthur wesson an unmarried individual who is age 68 has

arthur wesson an unmarried individual who is age 68 has taxable income of 160000. he has amt positive adjustments of

  Provide for plant expansion and related working capital

Provide for plant expansion and related working capital.

  Calculate the cost of goods manufactured

Calculate the cost of goods manufactured? Which items in the cost incurred should be included in the manufactured overhead

  What are five examples of biometric security measures

What are 10 guidelines that should be included in a comprehensive security system? What are five examples of biometric security measures?

  How much is the correct amount of cash and cash equivalents

How much is the correct amount of cash and cash equivalents that TWICE Company should report in its December 31, 2020 statement of financial position

  Prepare a report on your analysis of the case

Prepare a report on your analysis of the case. Calculate the cost of each activity performed in the relevant activity cost centre

  What is MWC taxable income after the NOL deduction

MWC Corp. is currently in the sixth year of its existence (2019). What is MWC's 2019 taxable income after the NOL deduction

  Payments on the lease are due for five years after its

explain what jordan should do to treat the leases properly as sales-type leases.jordan industries manufactures and

  What is nash manufacturing cycle efficiency for snowmobiles

Nash Corporation manufactures and sells custom snowmobiles. From the time an order is placed till the time the snowmobile reaches the customer averages 75 days.

  Identify the sections of a multiple step income statement

Identify the sections of a multiple-step income statement that relate to

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