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

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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