User Account

All Pages

What will crane total operating income be next year

Assignment Help Accounting Basics
Reference no: EM133186746

Question - Crane Industries manufactures a component used by car manufacturers. Crane can produce 1048000 components per year. A foreign car manufacturer has approached Crane with an offer to purchase 144000 components at price of $6 per unit. Crane's results for last year are as follows:

Sales (924000 at $8) $7392000

Variable costs 2772000

Contribution margin 4620000

Fixed costs 2374000

Operating income $2246000

If Crane accepts the offer, it will only be able to sell 904000 units at the regular price due to its capacity constraints. What will Crane's total operating income be next year if it accepts the offer?

Reference no: EM133186746

Questions Cloud

Calculate its debt ratio : Sanders Company has total assets of $385 million. Its total liabilities are $115.5 million, and its equity is $269.5 million. Calculate its debt ratio
An Occurrence at Owl Creek Bridge : respond to the following regarding Ambrose Bierce's "An Occurrence at Owl Creek Bridge":
Explain article where someone lost money without insurance : Explain an article where someone lost money without insurance. This could be a loss from a natural disaster, a trading loss, or a loss from being scammed
What is wildhorse direct materials quantity variance : Wildhorse Creations purchased 8900 feet of copper tubing at a price of $2.70 per foot. What is Wildhorse direct materials quantity variance
What will crane total operating income be next year : Crane Industries manufactures a component used by car manufacturers. Crane can produce 1048000 components per year. What will Crane total operating income
Define and discuss the concept of a modern data : Define and discuss the concept of a modern data warehouse and Design and describe a modern data warehouse architecture using a diagram
Clinical social work and substance abuse. : Critically discuss your thoughts, comments, concerns and feelings on critical thinking and clinical social work and substance abuse
What amount of accrued interest payable should corp report : On January 1,2020. Best Corp. issued $100,000 face value, 14% bonds for $124,924 cash. What amount of accrued interest payable should Corp report
Respectable professional reputation : You are a community leader or social media influencer with a respectable professional reputation. Identify the social problem you've chosen to discuss.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Identify a multinational company from the securities

Identify a multinational company from the Securities and Exchange Commission (SEC) EDGAR Web site that has inventory in their books.

  Prepare the journal entry to record Paddy sale

Prepare the journal entry to record Paddy's sale of the Ford Motor Company shares on 2/3/2012. Assume this investment is treated as trading securities

  Prepare the journal entries to record accrued payroll

Using the above information, complete the below table and prepare the journal entries to record accrued payroll and cash payment of the net payroll for July

  Dunn is a large local accounting firm located in a

dunn is a large local accounting firm located in a southwestern city. carlos ruiz one of the firms founders appreciates

  Prepare the entry for the first payment on July

The lease calls for semi-annual payments for the next three years, in the amount of $32 per machine. Prepare the entry for the first payment on July

  Problem regarding the working backward-depreciation

Polk Corp. purchased new store fixtures for $55,000 on January 31, 2012. Polk depreciates assets using the straight-line method and estimated a salvage value for the machine of $5,000. On its December 31, 2014, balance sheet, Polk reported the fol..

  Which statements regarding external confirmation procedures

Which statements regarding external confirmation procedures for accounts receivable is true? When preparing and sending the letter

  Provide the journal entries with a revaluation

Provide the journal entries, both without and with a revaluation, for years 1 to 3. MR Ltd acquires an asset for a consideration of $250 000 on 1 July 2019.

  Prepare two-pages memo to the cfo with your findings

Research the Accounting Standards Codification to see what guidance is provided, and prepare a 2-page memo to the CFO with your findings.

  Where can authoritative igaap related to the accounting

Where can authoritative iGAAP related to the accounting for taxes be found?

  Develop students skills and application of knowledge

This assessment is designed to reinforce the subject content and develop students' skills and application of knowledge of the subject content to business.

  Prepare the intangible assets section of the balance sheet

Crane Corporation has the following accounts included in its December 31, 2014, trial balance Prepare the intangible assets section of the balance sheet

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