What is the minimum amount of sales need to be

Assignment Help Accounting Basics
Reference no: EM133077030

Question - You started a consulting business that has fixed yearly operating costs of $903. This past year, you sold consulting services of $351. Your variable operating expenses are 44% of your sales. You have no depreciation, no capital expenditures and no net working capital. If the tax rate is 27%, what is the minimum amount of sales need to be for your consulting business to generate Free Cash Flows of 200?

Reference no: EM133077030

Questions Cloud

Multigenerational team pose for management : What are other ways that a company can utilize a multigenerational team to their advantage? What challenges does a multigenerational team pose for management.
Explain the general process of hypothesis testing : Explain the general process of hypothesis testing. Explain the scientific reasoning behind hypothesis testing
Suggest TWO discount methods for BB management : Tara seeks your advice as the company's accountant for further details: Suggest TWO discount methods for BB's management to improve their cash flow
Business intelligence and data science : Define big data and discuss key attributes that define big data characteristics. Distinguish between business intelligence and data science.
What is the minimum amount of sales need to be : You started a consulting business that has fixed yearly operating costs of $903. what is the minimum amount of sales need to be
Importance of advanced techniques in data analytics : Explain how sampling and probability affect quality data on public reported sites, such as Hospital Compare.
How much is the national debt of the country you selected : In December 2019, the U.S. national debt was $23 trillion. Now, 2 years later, it is 29%. How much is the national debt of the country you selected
Construct an arbitrage from this situation : A European call with a maturity of 6 months and exercise price X = 80 is written on a stock whose current price is 85. Construct an arbitrage from situation
BSB51915 Diploma of Leadership and Management Assignment : BSB51915 Diploma of Leadership and Management Assignment Help and Solution - Australian Harbour International College - Assessment Help

Reviews

Write a Review

Accounting Basics Questions & Answers

  Discuss what impact would these cost-cutting measures

What impact would these cost-cutting measures have on supplies expenditures as reported in an actual-to budget comparison

  Sacred heart hospital purchased a 150000 special radiology

sacred heart hospital purchased a 150000 special radiology scanner from hospital supply inc. the scanner has a useful

  Assume that production was 100000 units and sales were

boots r us produces a variety of products for the fashion industry cowboy type boots are among its most popular

  Compute the ending net position balance

Assuming this was the first year of operations for the internal service fund, the ending net position balance, after closing entries, would be what?

  What is the simple interest rate

Question - What is the simple interest rate if Rogine paid an interest of 2,100 after 2 years and 6 months on a 12,000 loan

  Calculate the residual income for the tuxedo division

Residual Income The Tuxedo Division of Shamus O'Toole Company had operating income last year of $340,000 and average operating assets of $3,500,000.

  What the balance of the projected benefit obligation

The settlement rate is 10%. Other data related to the pension plan for 2017 are: Service cost $234,000. What the balance of the projected benefit obligation

  Assume that this same entity maintained an internal control

the accounting profession is concerned about whether companies are in compliance with the varies federal and state

  Liabilities for dallas company

As of June 30, 2010, Dallas Company has assets of $100,000 and owner's equity of $5,000. What are the liabilities for Dallas Company as of June 30, 2010?

  Describe responsibility accounting and its purpose what

1. describe responsibility accounting and its purpose. what conditions are necessary for responsibility accounting to

  What are cisco net income

Cisco system has total assets of $35.594 billion, total debt of $9.678 billion, and net sales of $22.045 billion, and net sales of $22.045 billion. Their net profit margin for the year is 20 percent, while the operating profit margin was 30 percen..

  Why are these contracts not recorded in the accounts

A wholly unperformed contract is one in which the company has neither transferred the promised goods, Why are these contracts not recorded in the accounts

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