How much sales dollars required to earn after-tax net income

Assignment Help Managerial Accounting
Reference no: EM133071490

Question - General Midterm Exam Assume the following cost information for Adel Company: Selling price per unit $144; Variable costs per unit $80; Total fixed costs $80,000; Tax rate 40%. How much sales dollars required to earn an after-tax net income of $24,000?

Reference no: EM133071490

Questions Cloud

What was your holding period yield : Question - The ordinary equity shares of ABC Ltd. had the following historic prices: What was your holding period yield (Annual HPY)
Explain how to account for the mortgage payment : Explain how to account for the mortgage payment based on U.S. GAAP, assuming the board feels they will pay the entire balance in the next year
How much would the imac cost at the end of the year : A student has been saving his ailowance and was able to save enough to buy a Matebook now that costs P40,000. However, when he heard about iMac. he decided to i
Average return and standard deviation of portfolio ab : You hold an equally-weighted (half invested in each) portfolio consisting of two stocks A and B, whose returns for the past three years are given below.
How much sales dollars required to earn after-tax net income : Variable costs per unit $80; Total fixed costs $80,000; Tax rate 40%. How much sales dollars required to earn an after-tax net income of $24,000
What is the real risk premium : The yield of a 30-day treasury bills is 5.5%. Estimates show that in?ation premium is 3.25%; liquidity premium is 0.6%; maturity risk premium is 1.8%: and defau
Disadvantages of the fee models : 1- Compare and contrast 2 advantages and 2 disadvantages of the following fee models:
Impact the profitability of a mining company : There is some speculation that inflation is likely to increase in the next couple of years. As an investor in a mining company, how would this affect your inves
Increase in the automobile ratings by analyst : How do you reconcile lower revenue and lower profits with an increase in the automobile ratings by this analyst?

Reviews

Write a Review

Managerial Accounting Questions & Answers

  What sales dollar level required to break even at old price

Variable expenses are 60% of sales and fixed expenses $30,000. What is the sales dollar level required to break even at the old price of $7.50?

  What ending finished good inventory under absorption costing

What the ending finished goods inventory under absorption costing is? Variable manufacturing overhead $84648. Direct manufacturing labour $225813

  Find which cash flows would not be relevant to the decision

The equipment will be installed in the company existing facility which cash flows would not be relevant to the decision to acquire the new equipment ?

  What is kenneth net pay

$1,302, and his federal income tax withholding was $234.36. Assuming the social security rate is 6% and Medicare is 1.5%, what is Kenneth's net pay?

  Differentiate between primary and secondary markets

Differentiate between primary and secondary markets in the stock market. Define and describe the supply and demand curves for bonds

  How would the investments be ranked

How would the above investments be ranked (highest to lowest)? Yama Corporation is considering the three competing investment proposals

  Compute the amount of accounts receivable to be reported

All credit sales are collected in the first month. Compute the amount of accounts receivable to be reported on the company budgeted balance sheet for August.

  Compute the firm break-even point in sales dollars

Compute the firm's break-even point in sales dollars for the coming year. (Do not round intermediate calculations. Round your final answer up)

  What was the cost of acquisition

At 1 July 20X1, Cook considered Zac Ltd had unrecorded licenses with a fair value of $1,500,000. What was the cost of acquisition

  What are the target variable costs per unit per year

Assuming that fixed costs cannot be reduced, what are the target variable costs per unit per year? Assume all units produced are sold

  What is the total cost when croissants are baked

The average cost is $0.70. When 720 croissants are baked, the average cost is $0.65. What is the total cost when 670 croissants are baked

  What the unit product cost that would appear on the job cost

Number of units completed 3,300 units, Direct labor wage rate $11 per DLH. What's the unit product cost that would appear on the job cost sheet for this job?

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