User Account

All Pages

What amount of sales would be required for a net income

Assignment Help Managerial Accounting
Reference no: EM132510064

Question 1: A company with fixed costs of $120,000 produces a product with variable costs of $16 per unit and a selling price of $24. What amount of sales would be required for a net income of $60,000?

Reference no: EM132510064

Questions Cloud

Discuss any five market ratios with importance : Discuss any five market ratios with their importance that Marry Kom should look into before undertaking any investment decision
Boxes with an average payment size : Anne Teak, the financial manager of a furniture manufacturer, is considering operating a lock-box system. She forecasts that 900 payments a day
Find what is the break-even point in units : If fixed costs are $48,000 and the contribution margin ratio is 40% for a product that sells for $20, what is the break-even point in units?
Estimating the gift worth : If the relevant discount rate is 5%, how much is your gift worth today? Provide complete calculations in your answer.
What amount of sales would be required for a net income : $120,000 produces a product with variable costs of $16 per unit and a selling price of $24. What amount of sales would be required for a net income of $60,000?
What was the contribution margin ratio : ABC Company's sales were $240,000 for 2016. Fixed costs were $80,000 and variable costs were $180,000. What was the contribution margin ratio?
Calculate the wacc of company : Assume a cost of debt of 4%, a return on equity requirement of 8% and a tax rate of 20%. The company is able to deduct interest on debt for tax purposes.
Calculate the expected return on the shares : Calculate the expected return on the shares, assuming a risk-free interest rate of 1% p.a. and the market assumption for future stock market returns is 6%.
Find cost of goods sold should be : Find Cost of goods sold should be. The following data pertain to the Northwest Co Materials inventory, 1/1/19,Materials inventory, 12/31/19.

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Determine the standard cost per seal

Prepare a summary of the variances, and indicate which variances should be investigated.

  Compute the equivalent units for direct material

Compute the equivalent units for direct material and conversion costs for the month of May.

  Refer to the consolidated balance sheets

Refer to the consolidated balance sheets on page 712 of the Campbell Soup Company annual report in the appendix.

  Annual cash flows over the expected life of the equipment

Based on the information calculate the following items for this proposed equipment purchase,  Annual cash flows over the expected life of the equipment, Payback period, Annual rate of return, Net present value, Internal rate of retur

  Journalize and post the adjusting entries at january 31

(a) Journalize and post the January transactions and journalize and post the adjusting entries at January 31.

  Determine the estimated volume in sales dollars

Determine the estimated volume in sales dollars that would be required to generate the operating profit as projected in the budgeted income statement

  You have a preferred stock which has a call ability feature

You have a preferred stock which has a call ability feature after 10 years at $115. The dividend annually is $10. Your sister buys the preferred stock from you when yields are 12% after 4 years.

  Explanation cash conversion cycle question

Conversion Cycle. What effect will the following have on the cash conversion cycle?

  Line cost expense recorded in its financial statements

Consult Paragraph A5 (in Appendix A) of PCAOB Auditing Standard No. 5. Do you believe that WorldCom had established an effective system of inter- nal control over financial reporting related to the line cost expense recorded in its financial statemen..

  Will the president be impressed by the favorable cost

Assuming that the president understands flexible budgets; will the president be impressed by the favorable cost variances?

  Calculate relevant per unit cost and alternative

Lewis Auto Company manufactures a part for use in its production of automobiles. When 10,000 items are produced, the costs per unit are:

  What is the gross profit for the period

The company has an effective tax rate of 20%. Coronado uses the periodic inventory method. If the company uses FIFO, what is the gross profit for the period?

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