James company has a margin of safety percentage of 20 based

Assignment Help Accounting Basics
Reference no: EM13573181

James Company has a margin of safety percentage of 20% based on its actual sales. The break-even point is $190,000 and the variable expenses are 40% of sales. Given this information, the actual profit is:


$15,200

$21,250

$22,800

$28,500

thank you

 

Reference no: EM13573181

Questions Cloud

Antivirus inc expects its sales next year to be 2500000 : antivirus inc. expects its sales next year to be 2500000. inventory and accounts receivable will increase 480000 to
The filtering department started the current month with : the filtering department started the current month with beginning goods in process inventory of 70000. during the month
Umanzor corporation uses activity-based costing to assign : umanzor corporation uses activity-based costing to assign overhead costs to products. overhead costs have already been
Legacy company is considering the production and sale of a : legacy company is considering the production and sale of a new product with the following sales and cost data unit
James company has a margin of safety percentage of 20 based : james company has a margin of safety percentage of 20 based on its actual sales. the break-even point is 190000 and the
A review of parrish corporations accounting records found : a review of parrish corporations accounting records found that at a volume of 134000 units the variable and fixed cost
Compute for the cost a bond selling to yield 13 after the : compute for the cost a bond selling to yield 13 after the flotation cost but prior to adjustung for the marginal
A company declared a 055 per share cash dividend the : a company declared a 0.55 per share cash dividend. the company has 200000 shares authorized 190000 shares issued and
Pepper company which has a 25 marginal tax rate must choose : pepper company which has a 25 marginal tax rate must choose between two alternative transactions. transaction 1

Reviews

Write a Review

Accounting Basics Questions & Answers

  Included in the cost of factory supplies are obsolete items

maddox specialty company a division of lost world inc. manufactures three models of gear shift components for bicycles

  What do you think the effect would be if congress changes

What do you think the effect would be if Congress changes the law so that retirement plan contributions are included in taxable income at the time they are made rather than taxing the payment when received in retirement?

  Major branches of philosophy and identify the importance

Identify and explain three major branches of philosophy and identify the importance of each to an accountant point of view

  Explain the differences among valuation depreciation

what are the differences among valuation depreciation amortization and depletion?is it appropriate to calculate

  Balance in patent account on consolidated balance

What is the balance in the patent account on the consolidated balance sheet at December 31 2005.

  What was the amount of raw materials used during quarter

Brittle Corp. obtained the following information from the Raw Materials Inventory account and purchasing records for the third quarter of the current year.

  Transactions related to long-term bonds

Prepare journal entries to record the following transactions related to long-term bonds of Quirk Co. On July 1, 2011 Quirk retired $150,000 of the bonds at 102 plus accrued interest. Quirk uses straight-line amortization.

  Maximize revenues from sales of the highlander

You are a division manager at Toyota. If your marketing department estimates that the semiannual demand for the Highlander is Q = 100,000 - 1.25P, what price should you charge in order to maximize revenues from sales of the Highlander?

  Explain and evaluate the internal control products delta

describe and evaluate the internal control products delta airlines uses regarding financial reporting. descirbe the

  At the beginning of the current period azim enterprises ltd

at the beginning of the current period azim enterprises ltd. had balances in accounts receivable of 1600000 and in

  Calculate the equivalent units of production for the first

the colorado company manufactures a product that goes through three processing departments. information relating to

  Prepare an income statement for the current year

The revenues and expenses of Sunset Travel Service for the year ended April 30, 2014, Prepare an income statement for the current year ended April 30, 2014.

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