Reference no: EM131106790
Assignment
Minist Corporation sells a single product for $10 per unit. Last year, the company's sales revenue was $250,000 and its net operating income was $42,000. If fixed expenses totaled $83,000 for the year, the break-even point in unit sales was:
Solen Corporation's break-even-point in sales is $870,000, and its variable expenses are 75% of sales. If the company lost $37,000 last year, sales must have amounted to:
The Clyde Corporation's variable expenses are 35% of sales. Clyde Corporation is contemplating an advertising campaign that will cost $28,000. If sales increase by $85,000, the company's net operating income will increase by:
Steeler Corporation is planning to sell 150,000 units for $2.90 per unit and will break even at this level of sales. Fixed expenses will be $93,000. What are the company's variable expenses per unit?
Darwin Inc. sells a particular textbook for $38. Variable expenses are $30 per book. At the current volume of 59,000 books sold per year the company is just breaking even. Given these data, the annual fixed expenses associated with the textbook total:
Frank Corporation manufactures a single product that has a selling price of $30.00 per unit. Fixed expenses total $66,000 per year, and the company must sell 5,500 units to break even. If the company has a target profit of $16,500, sales in units must be:
Kendall Company has sales of 2,375 units at $40 a unit. Variable expenses are 20% of the selling price. If total fixed expenses are $66,000, the degree of operating leverage is:
A cement manufacturer has supplied the following data:
|
Tons of cement produced and sold
|
310,000
|
|
Sales revenue
|
$1,014,000
|
|
Variable manufacturing expense
|
$239,000
|
|
Fixed manufacturing expense
|
$334,000
|
|
Variable selling and administrative expense
|
$186,880
|
|
Fixed selling and administrative expense
|
$100,000
|
|
Net operating income
|
$154,120
|
The company's contribution margin ratio is closest to:
A manufacturer of tiling grout has supplied the following data:
|
Kilograms produced and sold
|
430,000
|
|
Sales revenue
|
$1,880,000
|
|
Variable manufacturing expense
|
$947,000
|
|
Fixed manufacturing expense
|
$240,000
|
|
Variable selling and administrative expense
|
$343,000
|
|
Fixed selling and administrative expense
|
$206,000
|
|
Net operating income
|
$144,000
|
The company's contribution margin ratio is closest to:
Gilpatric Corporation produces and sells two products. In the most recent month, Product Q71M had sales of $36,000 and variable expenses of $9,440. Product V04P had sales of $57,000 and variable expenses of $18,460. The fixed expenses of the entire company were $37,030.
The break-even point for the entire company is closest to: (Round your intermediate calculations to 2 decimal places and final answers to the nearest dollar amount.)
|
Participate in a personal development program
: Suppose that you randomly select 10 marketing personnel to participate in a personal development program. What is the probability that more than half of them will be extroverts? What is the probability that all of them will be extroverts?
|
|
Prepare a variable costing income statement with two columns
: Prepare a variable costing income statement with two columns - one should show the results if 25,000 units are produced, and the second column should show the results if 35,000 units are produced.
|
|
What is purchasing power parity
: What is purchasing power parity (PPP)? If grapefruit juice costs $2.00 a liter in the United States and purchasing power parity holds, what should be the price of grapefruit juice in Australia?
|
|
A competitor in a hill-climb event
: A competitor in a hill-climb event finds during practice that his car becomes airborne at a particular point on the hill. Shortly after landing the lowest point in the car just contacts the road. The mass of the car is 2000 kg and the suspension is d..
|
|
What is the break-even point for the entire company
: Minist Corporation sells a single product for $10 per unit. Last year, the company's sales revenue was $250,000. What is the break-even point for the entire company?
|
|
Probability that the sample mean
: a. What sample size would you recommend if an insurance agency wanted the sample mean to estimate the population mean within $25? b. What is the probability that the sample mean is within $100 of the population mean?
|
|
Describe what qualities contribute to good leadership
: Analyze the qualities that you think make a good leader and suggest ways of including these qualities in your leadership style. Discuss whether leadership qualities are genetically acquired or if they can be developed and mastered.
|
|
Years of the population mean age
: What is the probability that the sample mean age of the employees will be within 2 years of the population mean age?
|
|
Briefly describe the current international monetary system
: Briefly describe the current international monetary system. What are the different types of exchange rate systems?
|